Let’s Start With The Pros

Less Commission.

When selling your home with a Real Estate Agent you can typically expect to pay 5-6% commission which 50% goes to the sellers and the other 50% goes to the buyers agent, but when you sell by yourself you only have to pay to the buyers agent commission which can help you walk away with as much profit as possible.

Listing Control

When selling on your own you make all the decisions, everything from handling every part of the transaction, the marketing, open houses, price, details, home improvement plans, who you sell it to and more.

Your Schedule

From when you want to sell, to when you want people seeing your home, to open houses, and everything else, you’re in charge of everything.

High Labor Listing

When you sell on your own you do all the work from the open houses, planning, answering phone calls, to talking to buyers, to talking to agents trying to list your home, to planning. It’s pretty much your temporary new job!

Lower Sale Price

This one may come as a shock but according to NAR in 2015 FSBO lost about 16 percent of the sale price which you can do the math is 10 percent more compared to if you paid commission to both the buyers and sellers agent at 3 percent each.

Less Time

Since selling on your own is like another job it will treat you like a job including the things explained in the High Labor Listing Reasoning to printing marketing material like brochures and flyer , to showing the open houses, to marketing online on social media, Zillow, and etc.

You Are Liable

Since you’re selling on your own and not with an agent representing who pays for the errors and mistakes, you are the one who is liable and could cost you a lot of money if you get into a lawsuit it’s on you and most Real Estate Agents carry errors and omissions insurance.

Less Marketing

As a For Sale By Owner you have less resources compared with a Real Estate Agent, most For Sale By Owner’s around 31 percent rely on a yard sign, 11 percent use social media, 36 percent didn’t even market there home, and etc.

More Time On Market

According to NAR For Sale By Owner Homes take longer to sell than a home sold by a real estate agent (probably due to marketing) and on average 18 percent of FSBO’s were unable to sell within their chosen time frame they had planned.