FSBO is a home for sale by owner. This means that the owner takes on all of the responsibilities of the sale themselves, from beginning to end – from any repairs and renovations that need completing, to making sure the curb appeal is enticing, staging the home (removing personal effects and clutter from view), all the way to the complex paperwork involved in completing the sale.
While many owners assumed that the Internet would make selling their own homes even easier, in fact the opposite has happened. Buyers are savvier than ever and want to have all of their options available right on the screen in front of them. This means that if you choose to sell your home for sale by owner, you’ve got to get very creative with marketing, or else hope that the right buyer just happens to see your yard sign.
In addition, it can take even longer to sell your home than by traditional routes, which means if you need cash fast, you may be out of luck. On top of that you’ll have to cover the carrying costs until your home sells, and possibly accept a lower offer. You also may need to pay a fee to have your home listed in the MLS, as a home for sale by owner is not automatically listed. If you need to sell your home quickly and don’t want – or have the funds – to get your home in shape to sell, contact us for a consultation about your options.