For Sale by Owner (FSBO)
In a 2006 National Association of Realtors survey, only 7% of sellers sell their homes with no licensed
broker. Owners trying to sell their own homes, also referred to as For sale by owner, will have many
tasks to complete that they may not be familiar. Its valuation from the rentals are just the beginning;
timing, marketing, preparing the house, negotiations, and so many other situations are hurdles the
dog owner must research and tackle to be successful.
First and foremost, when the owner sells the house the realtor commission fees are nonexistent.
These fees can also add as much as 6% from the selling price of the home; this amounts to $12,000
on the $200,000 house. Another advantage may be the vested interest the owner has in the sale of
the home. It is usually the situation that realtors try to secure a fast sell without a lot worry about
the price or conditions around the contract. The owner can set their very own agenda for showings
and may openly negotiate with a potential buyer without the hassle of sending paperwork back and
Multiple Listing Service
The Mls (MLS) is really a national marketing tool that all licensed agents use to share listings and
match buyers. Previously, sellers not utilizing an agent had no access to the MLS. Now FSBOs can list
their house around the MLS using one of many websites that offer this fee-based service.
There are lots of new property services online that cater specifically towards the FSBO market. At
reasonable cost, the property is posted online with photographs and virtual tours. Zillow.com,
ForSalebyOwner.com, and homesbyowner.com are only a few such sites. In addition to this, open
houses, full-color brochures, ads in newspapers and real estate circulars, and personal networking
are advertising tools that can lead to the sale of the home.
The dog owner that hopes to sell a house without the assistance of an agent will face more work
than she or he