Pros and Cons of going FSBO

Pros

• The main reason sellers choose to go FSBO is to save on the fee of listing agent, generally 3%. Most FSBO will still pay buyer's agent fees, also about 3%, in order to have better exposure and sell faster.

• You'll have complete control over the entire sale process. You’ll call the shots on the pricing strategy, marketing style and materials, open houses frequency, showings, sale negotiations, etc.

• You’re already the top expert on your house and neighborhood. When you list FSBO, you’ll have the advantage of knowing the property’s best features.

Cons

• Statistically, FSBO homes sell on average for 5-15% less than agent-listed. While you might be saving on the listing agent’s fees you could potentially profit much less from a FSBO sale.
• You'll have to do all the work of an experienced realtor who does it for living. If you don’t have the time to respond to continuous buyers' inquiries, accommodate all showings and keep transaction flowing, this isn’t for you.
• You may become overwhelmed with calls from buyers and agents, all legal paperwork, and other important details of getting this sale to the closing table.
• There is no agent between you and the buyer, so it is easy to let emotions take over, thus damaging negotiations.
• We have included a lot of FREE information and resources for FSBO. However, you may have lots of questions and may need help. We are here for you - please feel free to contact us.