For Sale By Owner (FSBO)

There are two ways to sell your home. One way is to hire a real estate agent and sell your home or property through him and the other way is to sell your home yourself. The method Sell your property yourself is known as FSBO or For Sale By Owner. Many people don't want to hire a real estate agent for selling their property. Actually they dont want to pay the expenses of hiring a real estate agent and it seems to be a valid reason unless you are so confident that you can do it yourself. Normally the cost of FSBO home is 5% to 10% lower than the one listed by an agent.

Selling your home through a real estate agent is not only an expensive method but it is also a time consuming process when trying to decide which agent is better than others. After the selection of an agent you must now work with him/her to negotiate the process (terms and condition) for the sale of your home (property).

The real estate agent is paid according to the selling price of your home. At the time of closing you give commission to the real estate agent. At this moment you feel that it might be a good idea to sell your home yourself. If you can sell your home yourself then you can save the commission which you give to the real estate agent at the time of closing.
You can find several FSBO websites on internet which give you the opportunity to list your property yourself. Few FSBO websites are free while few sites charge some amount for adding home in their websites.

The biggest advantage for selling your home for sale by owner versus using a realtor is control factor. You have the total control of entire dealings form start to finish and this is the most important factor in selling. You are free to choose the advertising method which suits you more. You can set the schedule of appointments with buyers. Being the owner of your home you can explain each and every feature of your home to potential buyers.