The Pros and Cons of Listing Your Home FSBO

Should you sell your home FSBO? Here are a few things to consider before you make the decision.

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If you’re in the market to sell a home, you might consider selling it on your own as a For Sale By Owner (FSBO). To help you make your decision, I want to share some important points that are all contained in this nice infographic from Homelight. Here are the pros and cons you should consider before deciding to sell your home with or without an agent:

Pro: You’re in control. You get to make the decisions on pricing, marketing, staging, and everything else. You make the final say.

Con: Criticism. Dealing with criticism and rejection is part of a real estate agent’s life. Are you prepared to take that criticism on as well? Do you even want to?

Pro: The trust factor. Do you know which buyer’s agents to trust and which to avoid? A professional real estate agent does.

Con: Objectivity. Will you be able to see your home through the eyes of a buyer? You may think you have a neutral perspective, but you have so many emotions and memories wrapped up in the home, which means being objective is going to be a challenge.

Will you be able to see your home through the eyes of a buyer?

Pro: You already have the knowledge. If you have prior real estate and/or marketing knowledge, you can put that to good use without having to hire someone else to do it.

Con: Having real estate sales expertise. Real estate sales is different from any other business I’ve ever heard of. There are a lot of nuances, especially in the Alaska market, that you need to be aware of in order to have success.

Pro: No commission fee. That’s probably the biggest reason you’d want to do this on your own anyway.

Con: Slower sale. If you want a slower sale with a few possible price reductions sprinkled in, be my guest and try to sell on your own.

As you can see, there are plenty of pros and cons to selling your home on your own. If you want your next sale to be successful, profitable, and convenient, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

1 comment :

  1. Interestingly, I’ve seen most for sale by owners sell for considerably under what they could have gotten if represented by a Realtor (judging by the existing comps). Most often this is due to pricing their home too high initially and then not understanding the contract and closing process.