FSBO Vs Realtors

When it comes to selling your home there are two different roads that you can take. First you can take the most used way, which would be with the Realtors. They have their positive things because they are going to do the work for you. They are going to put your house on the market and show it off to people. They can hold open houses, and they pretty much take care of everything. However, if you are looking to save some money then you may want to go with the FSBO. There are many websites that are out there now that can help you get your house on the market without the help from Realtors. Also, you can set up everything yourself because you do not have to do what the Realtors tell you to do. It seems like they both have their plus sides. now let’s take a look at the bad.

FSBO Home

When it comes to down falls,both FSBO and Realtors have their negatives. First, we will start with Realtors. Sure they guys may do everything for you, but it all is going to come as a big cost to you. They are going to get 5 to 6 percent of whatever you make on your house. Now say your house sells for 100,000 dollars, they are getting a good bit of that. However, if you go with FSBO you are going to have to pay to post your house on different sites.

Now only that, but you are also going to have to do everything yourself. Sure they have tools to help you, but you are not gong to have Realtors to handle all the dirty paper work. It’s always nice to know that you do not have to do something by yourself, but doing it this way you are kind of taking a shot in the dark.

So who comes out on top? Well it really depends on what you like. For me it would have to be the Realtors. This is just because it seems like a lot less work to go ahead and pay someone to help you get your house off the market as quickly as possible. However, if you know what you are doing to sell a home then you may think that FSBO is the way to go. By doing it yourself you are saving a lot of money. It is great to save money because then you know longer have to pay the Realtors. So what it comes down to is what you like the most. However, I do think that it is great that we have two different roads to travel down. Sure the FSBO is the less traveled road, but we are starting to see a shift in that.

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3 Comments

  1. Posted July 4, 2008 at 5:32 pm |

    Good people often have no idea how much money their professional adviser is costing them. There are three professions that are guilty of costing consumers a lot of money: lawyers, real estate agents, and financial advisers. (I’ve been all three.) I practiced law for 20 years, and now I’m loving life as a Realtor and Broker, but frankly, one of my pet peeves is how incompetent many agents are around the country. My joke is that an awful lot of housewives got their real estate licenses. Men too. A lot of men who got fired from their last job and couldn’t decide what to do, got their licenses. So a person who spends their life becoming a professonal real estate expert ends up being classified with a lot of the . . . shall we just say less than compentent individuals. This is why being a FSBO is a viable alternative, unless you can find a true professional Realtor, but good luck on that (unless you live near me–my effort at humor).

  2. Sherry
    Posted January 18, 2009 at 7:53 pm |

    I think it will take 2 more years before this market hits bottom and stabilizes. In the meantime, if you need to sell, then sell your home fast. If you need to buy, be cautious.

  3. Posted August 22, 2009 at 1:47 am |

    I appreciated your showing pros and cons on both sides. I have to agree with Chuck, that many agents do a poor job. And most FSBO sellers do a terrible job. They don’t take the time to get educated on the selling process and don’t know what they are doing. FSBO isn’t brain surgery, but to sell successfully, you have to expect do to learn a few things and do some work. To do ANYTHING successfully you have to expect to do some work!