The Dangers of FSBO
Unfortunately, most sellers do not realize the risk they are taking when trying to sell a home themselves. Statistically, FSBO (For Sale by Owner) properties sell well below market value. Sellers may lose 18% by trying to save themselves 6% when they list as a For Sale by Owner rather than with a licensed real estate professional.
- FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $260,000 last year, signiﬁcantly lower than the median of agent-assisted homes at $318,000.
- Within rural areas, 12 percent are sold via FSBO compared to four percent of sellers in urban areas.
- Only 7% of home sales were FSBO sales last year.
Before you decide to take on the challenges of selling your house on your own, consult with a real estate professional and see what they have to offer.