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.
Back to Table of ContentsTexas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services
© 2019 EXIT Realty of Lubbock. All Rights Reserved
Privacy Policy | Terms of Use
MLS services provided by Lubbock Association of REATORS®. All rights reserved. Information deemed to be reliable but not guaranteed.
EXIT Realty of Lubbock
(806) 771-3900
2405 W Loop 289
Lubbock, Texas 79407
Brokerage Independently Owned and Operated. Not intended to solicit franchisees or property already under contract.
Home | About Us | Our Marketing | Our Agents | Contact EXIT | Search for Homes | Advanced Search | Map Search | Foreclosures | Buffalo Lake | Ransom Canyon | Rental Properties | Featured Listings | Commercial Search | Frenship ISD | 0-$50,000 | $50,000-$75,000 | $75,000-$100,000 | $100,000-$125,000 | $125,000-$150,000 | $150,000-$175,000 | $175,000-$200,000 | $200,000-$225,000 | $225,000-$250,000 | $250,000-$275,000 | $275,000-$300,000 | $300,000-$350,000 | $350,000-$400,000 | $400,000 and Above | Lubbock ISD | Lubbock | Wolfforth | Lake Alan Henry | Lubbock-Cooper ISD | Open Houses | Real Estate News | Mortgage Rates | Buyer/Seller Info | Preferred Vendors | Set Up Utilities | Investor Seminars | Agent Testimonials | Careers with Exit | The EXIT Formula