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FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.
6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get a savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.
Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?
Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.
So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.
"My wife and I met Sharon on our first trip to Greenville while searching out neighborhoods to relocate. Sharon helped us by explaining each of the areas in regards to building, real estate costs, schools, etc. The help she provided allowed us to focus our search from abroad. On our second trip to the area, we had only 2 days to see 10+ houses. She coordinated showing all of the houses on our list! We found a gorgeous home in the Carolina Country Club. Sharon helped with Arborist Inspection, General Home Inspection, negotiating a better price on the home, all with our better interests at heart. Her hard work ethic and kind professionalism is outstanding! This is our 3rd home and we could not be happier here. Thank you again Sharon!"
Local Realtor and Broker from the Upstate of South Carolina
We are a Locally Owned and Operated Real Estate Company in the Greenville Upstate Market Representing Home Sellers and Home Buyers in Greenville County.
We Have over 20 Years of Experience having represented First-Time Buyers, Relocation Buyers, Empty Nesters, Retirees to the Upstate, Move-Up Buyers, those Selling a Resell Home. We've Represented Engineers, Physians, Accountants, Sales Associates, Professors, Nurses, Teachers, Authors, Business Owners, Home Builders, Medical Office, HR Managers, Fortune 500 Company Associates, and More.
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Copyright 2019 Greater Greenville Association of REALTORS®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from the Multiple Listing Service of Greenville. IDX information is provided exclusively for consumers\' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2019-03-22.