Is For Sale By Owner (FSBO) a Good Idea?
Nowadays DIY is king. Watching how-to videos online can teach and empower us to take on challenges and jobs that we probably would’ve called an expert for in the past.
But what about selling a home?
It’s a hot Seller’s Market right now, so it should be easy! Right?
- Do you need a real estate agent to help sell your home?
- Are they worth the commission?
- Can you make the same amount of profit on your home without using an agent?
In this video we discuss listing a home going the For Sale By Owner (FSBO) route, and what that might leave on the table.
Is selling your home on your own as a For Sale By Owner a good idea? Or maybe you actually did try selling yourself and it just didn’t work out. I mean I hear it all the time, “It’s a hot seller’s market, this should be easy.” Hi, I’m Steve Hill with Sandra Brenner of the Brenner|Hill Team at Windermere. I’ve been selling real estate for over 16 years right here in Seattle and all over the Greater Puget Sound Region. As you can imagine, there’s a lot you learn after selling hundreds and hundreds of homes over 16 years. So can we compare the experience of a For Sale By Owner to that? Well, according to DaveRamsey.com, Sellers using the FSBO option sold their homes for less than the median selling price of other homes. In 2018, FSBO homes sold at an average median price of $200,000. These are, of course, the national numbers, not Seattle home prices. That $200,000 is a lot lower than the median price of $264,900, the agent-assisted home sale price. That’s almost a $65,000 difference. And the average cost to use an agent for a $200,000 home would have been around 10 to $12,000 dollars, which means the average For Sale By Owner left between 53 and $55,000 dollars on the table.
I don’t know about you, but there’s a lot I could do with $55,000. I could buy a car, go on a trip around the world, or invest in some Apple stock. So now you may be wondering, well, Sandra, why would you choose Apple stock? And the answer is simple, Apple is innovative. They are constantly evolving and improving to meet the needs and demands of their customers! That’s why the average For Sale By Owner lost around $55,000. They aren’t experts in selling homes and don’t know how to evolve, improve and meet the needs and demands of the market in a manner that would be conducive to maximizing the sale of their home. They don’t specialize in marketing, negotiating and market analytics. But an experienced agent does. When selling, it’s just not enough to look at the comparables, throw a sign up, and maybe hold an open house, and put it on the MLS. Having an extensive digital footprint accompanied by an agent with extensive marketing and negotiation experience will ensure that you get the greatest return of your most precious investment. So whether you tried selling your home on your own in the past or you’re thinking it may be a good option now, don’t risk leaving money or the table or opening yourself up to a lawsuit due to your inexperience. This is most likely your largest investment of your life and we wanna capitalize on our experience and digital marketing to get you the most amount for your investment. Please reach out to us. We are Steve and Sandra, elevated service, elevated results.
If you’re thinking about selling your home in the future, either FSBO or with an agent, click here for Home Selling resources. Watch educational videos, download checklists & guides, and if you’re interested in the Brenner|Hill Certified Listing Program, you can learn all about it there!
𝐴𝑛𝑑 𝑎𝑠 𝑎𝑙𝑤𝑎𝑦𝑠, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑎𝑛𝑦 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑞𝑢𝑒𝑠𝑡𝑖𝑜𝑛𝑠, 𝑓𝑒𝑒𝑙 𝑓𝑟𝑒𝑒 𝑡𝑜 𝑐𝑎𝑙𝑙/𝑡𝑒𝑥𝑡 𝑢𝑠 𝑎𝑛𝑦 𝑡𝑖𝑚𝑒! 𝑊𝑒’𝑟𝑒 𝑎𝑙𝑤𝑎𝑦𝑠 ℎ𝑒𝑟𝑒 𝑡𝑜 ℎ𝑒𝑙𝑝!
Steve 📲 (c) 206-769-9577 📧stevehill@windermere.com
Sandra 📲 (c) 206-271-7100 📧sbrenner@windermere.com
