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Why Some People Choose FSBO

For Sale By Owner (or, FSBO — often pronounced “fizz-bo”) is when the owner of the home decided not to hire a real estate agent to sell their house for them, and instead are taking on the responsibility themselves. It seems simple enough, but For Sale By Owner is much more complicated under the surface. Most people don’t have a fundamental grasp on just exactly how much goes into selling a home. There’s the marketing and advertising, taking photographs, listing, showing, appraisal and inspection processes, negotiations, paperwork, etc. But regardless, there are plenty of people who do choose to sell their house ‘By Owner.’ Here are some of the reasons why, followed by some obstacles someone like this might run into on their FSBO journey:

They are the top expert when it comes to their home.

considerations when selling by owner

No one knows the history, layout, and personality and charm of a home better than the homeowner. They can use this knowledge to dazzle buyers, really selling the personal touches they may have added over the years. Buyers may feel that they can trust the homeowner, a person who has actually lived in the home, more than a real estate agent paid to represent them. 

BUT: A home has personal sentimental value to the homeowner, and they probably won’t be able to be objective. 

To that same effect however, is the fact that their home might be so special to them that they let their emotions take the place of logic. It might be difficult to price their  home based on factors that matter, such as size, location, comparables, when all they can think about are the priceless memories they shared in the home with their  family. 

They can trust in themselves.

Homeowners may find it hard to trust a real estate agent, especially if it’s the first one they are working with. They might wonder if they really have their best interests in mind, or if they’re just there to get a commission. 

BUT: Negotiating is messy.

Let’s face it, most people aren’t the best negotiators. Especially when they’re bound to have personal biases get in the way and emotional ties to the object they are trying to barter for. Also, not only do they have to negotiate with the buyer, but also the buyer’s agent, appraisers, inspectors, mortgage bankers, etc. It helps to have someone who’s on their side, backing they up when they need it most. 

They might just have what it takes to create the perfect strategy.

Some homeowners may have sales or marketing experience. If they do, they may have a leg up on other FSBOs. Real estate agents may be experts when it comes to the real estate market, but who knows who has some tricks up their sleeve of their own.

BUT: They may NOT be an expert at marketing their home.

Okay, so maybe not all homeowners have knowledge of marketing techniques. Or, they simply don’t know enough about real estate to use the skills they do have. After all, the real estate world is a completely different beast. Agents are highly trained in marketing and selling homes, so they’ll know exactly what works and what doesn’t.

They like being in control. 

They can choose the price, who comes in and out of their home, and who they want to sell to. There’s no one else chirping in their ear saying “do this!” “don’t do that!”. they have the power, and they can use it to personalize the process.

BUT: Selling a home by themselves will take up a ton of their time. 

While, yes FSBO gives homeowners a lot of freedom on how they choose to sell, with great freedom comes great responsibility. The stuff they’d usually just let their agent take care of (the marketing, document preparation, arranging and hosting tours, answering questions, negotiating, etc) is now on their plate. They have to factor this into their schedule and make time for buyers, otherwise selling their home will be a very drawn-out process, and likely cost them more in the long-term (in terms of not only money, but time)!

They don’t want to compromise on the price.

A real estate agent might push a homeowner to accept a lower offer in order to get their home sold quicker. Luckily, if they sell their home by owner, they can sell their  home at whatever price they choose, because there’s no pressure to take certain offers.

BUT: They likely have little to no sales experience.

They might have the marketing skills, but are they also a sales expert? Real estate agents know more than anyone how to help buyers buy and sellers sell. They are familiar with how the market operates, they have access to pricing data, the legal standards and loopholes, and most importantly: they know exactly how to make their  house sell, and sell fast!

They can take advantage of FSBO resources.

The ushering in of a new digital era means sellers can access resources for pretty much anything and everything at their fingertips. This, of course, includes tons of sites for FSBO. Websites like Craigslist, Facebook, Nextdoor, and more are all great places to advertise a home for sale. There are also sites specifically for listing FSBO properties, such as ForSaleByOwner.com, FSBO.com, and HomesByOwner.com

BUT: They’ll have a lack of access to qualified buyers, and they may even get some sketchy characters popping in.

Real estate agents are able to screen interested buyers so that they are only inviting serious potentials to view a house. This prevents sketchy characters from entering a home, who might simply be looking to case the place. 

They can leverage their digital network.

As we mentioned above, anyone can use their social media following and connections with friends and family to advertise their home and get the word out. They can easily ask people to share their posting with anyone who is looking to buy in the area.

BUT: Buyer’s agents may discourage buyers from looking at a home because it is FSBO.

Some FSBOs are disorganized, unprofessional, and quite simply the owner has no clue what they’re doing. This discourages agents from choosing these listings to show their clients, as they do not want to risk wasting the client’s time. 

They can pay a FSBO website to list their home on a multiple listing service (MLS). 

Homeowners don’t have to let their lack of a real estate license get in the way. Even though they personally may not have access to multiple listing services, there’s always a way to pay someone to list their  home for they. This will increase the listing’s visibility to agents.

BUT: They have to put up with a slower selling process.

Because they are probably inexperienced and are taking on the full-time responsibility of selling their  own home and all of the baggage that comes with it, they need to expect delays. Real estate agents are trained in the most effective, quick ways to get homes sold, and unfortunately they don’t come in already equipped with that knowledge. 

There’s no commission fee.

Probably the main reason people choose to sell by owner is that they are able to pocket the commission fee that would otherwise go to a realtor. According to Redfin, while they can negotiate a commission, “typically, real estate commission is 5%–6% of the home’s sale price. In most areas the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission.” So if they are selling a home, they have to pay a commission to both their  agent and the buyer’s agent when their house closes.

BUT: …There’s also a chance of actually losing money.

They may be thinking, okay wow, maybe this FSBO thing is worth it if I don’t have to pay commission costs! But really, it’s not so black and white. Realtor.com says “statistics show that selling their  home with the assistance of a professional real estate agent will garner they a higher profit, enough to cover the commission as well as put more money in their  pocket.” And we can see the comparison in numbers gathered by the National Association of Realtor®’s 2016 Profile of Home Buyers and Sellers, which shows that the average FSBO sales price was $185,000, while the average price for a home represented by a real estate agent was $245,000. That’s a $60,000 difference!

Not to mention: Paperwork, paperwork, paperwork!

We’ve already mentioned the sunk cost of time, but did we really drive home the amount of legal paperwork that they’ll be responsible for? Not to mention, if they slip up and make a mistake, they might pay for it in the future — financially and legally. 

Is FSBO for you?

It’s a lot to take in but it’s important to know exactly what you’re getting into if you are considering doing FSBO. Phoenix real estate agent Steve Penate suggests, “If you are thinking about or planning on doing a for-sale-by-owner on the property you want to sell, I encourage you to find a real estate agent you can trust. Sit down with them, ask them hard questions. I guarantee that the whole process of selling your house will go so much smoother.” It doesn’t cost they anything to ask an agent questions, and if you do go the FSBO route, you’ll be empowered with even more knowledge than you came in with. 

Steven Kaplan
Steven Kaplan
07:40 18 Aug 21
jerry gallegos
jerry gallegos
16:18 09 Aug 21
Very nice and helpful, responded to any questions very quick. I will do business with them again when I buy my next house.
Christopher Kampshoff
Christopher Kampshoff
00:30 07 Aug 21
Thank you so much guys, my brother was in a tight spot I appreciate you coming through. He's in a much better situation now. Again thank you.
Kelly Brown
Kelly Brown
18:48 27 Jul 21
I attempted to work with Allen, from this company. He seemed very nice and I was curious about what their company would give me for my home, if there were no realtors commissions involved. He said he needed to see the house. He came over and took a bunch of pictures and said he would talk to his partner Ryan, (the numbers guy), and get back with me in a half an hour. I didn’t hear from him that day. The next day I received a text from him, saying he would contact me on Monday. On Monday, he texted to see if I could talk at 12:00? I said, yes, he never called. Tuesday I receive a call from a random realtor telling me that Allen’s company has referred me to him. I call Allen, of course, to ask him what the heck is going on and he says yes, I work with this realtor, but I didn’t give him your information, he pouched it from our website!! I then say, so are you going to work with me and I find out, exactly what I already knew, they couldn’t offer enough money for my house, so they are not going to make an offer, HUGE SURPRISE!! #1, if you want your personal information safe, do not work with this company and #2, if you want a good offer on your home, don’t work with this company. I bought my home 3 years ago, it’s in great condition, in a great zip code and the market is through the roof!! If you can’t buy a house and get close to what someone needs financially right now, I don’t know when you can! Pick another company besides this one!! There are many!! Stay far away from this particular WE BUY HOUSES FOR CASH!!! You have been warned!!!
Carolyn Gobel
Carolyn Gobel
18:16 22 Jul 21
This company helped keep us from foreclosure. Thank you!
Carlos Caballero
Carlos Caballero
19:15 23 Jun 21
Thank you guys for your help with my Grandmas home. It was in rough shape and she left so much stuff. We couldn’t have taken on cleaning it out and the project.
jesse phalin
jesse phalin
01:29 18 May 21
Thank you, Thank you, Thank you! Went above and beyond assisting me through this process. Helped me move my things and even let me leave what I wasn’t taking with me. Thanks for all of the hard work.
Kelly Stewart
Kelly Stewart
21:27 08 May 21
My husband handled the process but felt good dealing with this local company and they did not try to change price after seeing the house. They actually offered higher once they saw our home. Had 5 companies come our to give us bids and they all were bait and switch. They beat everyone’s offers too. We tried to list before and couldn’t sell. I don’t know why anyone would work with head aches of real estate agents and paying commissions, banks, inspectors and the time to close only to walk away with the same money. Thank you Ryan and Jamie.
degan Stewart
degan Stewart
21:23 08 May 21
Thank you guys so much. Jamie is so sweet and on it. Ryan Is one of the most genuine people I’ve met in Vegas. They did what they said they’d do when they said they would and kept us in the loop the whole time
Brian Higgins
Brian Higgins
22:00 04 May 21
Thank you guys so much for everything. Ryan and Jamie Helped me find a place to get out of our old place. It was so nice to have the moving company just handle everything for me.
Sheila Winn
Sheila Winn
19:05 09 Apr 21
I struggled with the idea of selling my house to a "flipper". This company was fair, professional and extremely helpful every step of the way. I never had to wait for a response from Kelly Schnippel when I had a question or concern.I personally would recommend them to anyone looking to get a fair price for their property all the while getting kindness, professionalism and assistance from the buyer.Thank you Kelly Schnippel! I appreciate YOU and your team!Sheila Winn
Valerie Grijalva
Valerie Grijalva
17:30 27 Feb 21
Casey and his team will handle your transaction with the upmost professionalism and class like no other. Their knowledge in real estate will exceed your expectations and you won't be disappointed from beginning to end with their communication and systems to ensure your goals are met. I highly recommend Casey and his team!
Ann Reback
Ann Reback
18:51 25 Feb 21
Thank you for your professional and personal help in this process. You and your team have been so knowledgeable, responsive, courteous and kind...understanding my goals and executing each step in a timely and professional manner! THANK YOU! I will recommend you and your team to friends and others in our community.
Aviv Ben Shimon
Aviv Ben Shimon
16:38 25 Feb 21
Jess Lapensee
Jess Lapensee
16:31 25 Feb 21
From start to finish the selling process was quick and easy!
Eyal Karban
Eyal Karban
16:22 25 Feb 21
The best team in the business!Really helped us to cash out our home, very fast, very professional, great price, thank you!
jevim kale
jevim kale
04:17 27 Jan 21
Best experience with We Buy Any Vegas House. Extremely knowledgeable about home selling process and marketing. Wonderful people to work with. Highly recommend if you are looking to sell your home in Las Vegas NV.
Kate 7Timmons7
Kate 7Timmons7
01:02 26 Nov 20
We were looking to sell our home and called We Buy Any Vegas House so we could get more information. We spoke to Casey Ryan. Ryan was informative, answered our questions, and he went out of his way to give us the best advice on selling our home. Kelly was also helpful and was quick to answer any questions we had.We recommend calling We Buy Any Vegas House to anyone interested in selling their home.
Towik Jes
Towik Jes
05:36 16 Nov 20
I recently helped my parents sell their home due to unforeseen events and We Buy Any Vegas House.com made the process smooth and easy. Their company offered a very reasonable price for my parents home and they closed in 30 days as promised. Look no where else!
Alexa Pughlet
Alexa Pughlet
04:15 17 Sep 20
We Buy Any Vegas House is a very good company to work with, they were very professional and knowledgeable about their business. They made it very easy to work with them. If i ever had to sell my house again I would definitely call them first. Thank you guys for helping me out in my time need.
Pauletta Smith
Pauletta Smith
21:08 02 Sep 20
I contacted them on 8/06/2020 and had my check in my hand on 9/01/2020! They were fast, professional, and gave me a very fair offer for my property. I had to get out of my house pretty quick because of a medical problem and I was able to do most of the paperwork on line. The title company they worked with was great. Very fast and very thorough. No snags. Easy transaction! Signed all the papers and had my money 5 days later. I would recommend them to anybody. Plus...packed and took what I needed and left the rest. No cleaning or trying to find someone to take what I didnt want. Awesome! Thank you.
James Aimery
James Aimery
05:11 08 Aug 20
We Buy Any Vegas House was a great business team. Staff were helpful, friendly and responsive. I was able to sell my house within 2 months in an area where real estate agents are struggling with many properties on the market for much longer periods. I would recommend them to anyone thinking of selling.
Wayne Romerobel
Wayne Romerobel
03:57 30 Jun 20
These guys are the best place to sell your house in Las Vegas. They gave me a fair price and closed quick for maximum convenience. These people are professional, efficient, and extremely friendly.
Lynne M
Lynne M
04:52 24 Jun 20
I have nothing but positive things to say about this company! I needed to sell a house quickly after a death in my family. I spoke with several Cash for Houses Companies in Las Vegas and settled on We Buy Any Vegas House. Everyone was very sensitive about my situation, helpful, answered all my questions and extremely responsive when I called. Ryan and Kelly were awesome!After we settled on a price everything went super smoothly in escrow and again if I had any concerns or questions there was immediate feedback. Also the fact that I was able to do this remotely as I live in California was extremely helpful! I am so grateful for all the help I received during a very challenging time in my life.
Frank Lyod
Frank Lyod
04:21 12 Jun 20
Great team! Glad we chose We Buy Any Vegas House team who understood the market of real estate in our city. They gave us a fair cash offer for our home. We accepted and closed very quickly. We are happy with the outcome and the way we were treated from start to finish.
Sharla Olivaresretento
Sharla Olivaresretento
04:20 28 May 20
Had a really great experience working with We Buy Any Vegas House.com! I really needed to sell my house in Las Vegas and they helped out. Thank you so much!!
Tom Cruz
Tom Cruz
04:11 12 May 20
If/when I do decide to list my home, We Buy Any Vegas House will be the first place I call. They are professional, helpful, and friendly. They provided a lot of helpful information during the course of our business.
Robinson Hunk
Robinson Hunk
04:31 25 Apr 20
We Buy Any Vegas House buyers is a great blessing to my family. Our house was actually sold very fast, in just 7 days processed. Thank you so much!
Florinda Shuff
Florinda Shuff
04:42 08 Apr 20
Las Vegas home buyers has been great to work with. They’re very knowledgeable in real estate and always do what they say. I highly recommend We Buy Any Vegas House.
Florinda Shuff
Florinda Shuff
04:53 21 Jan 20
I got an amazing job offer down in Las Vegas and needed to sell my house fast. First, they explained everything to me and how it all works (selling your house for cash). The process was pretty easy and quick which I appreciated greatly!!
Freddy Aleman
Freddy Aleman
18:47 27 Dec 19
My wife and I recently bought a home from Casey Ryan. The home we purchased is located in Centennial Hills. Gorgeous remodel. Casey and his team did a great job of designing the home. We ran into a couple of issues shortly after moving in. Casey had his people out quickly during Christmas week to make a couple of repairs. He gave my wife and I peace of mind during a chaotic holiday week and for that we will always appreciate him. I would recommend a Casey Ryan home to my friends and relatives.
Angela Rienstra
Angela Rienstra
21:06 26 Dec 19
I needed to sell my house from out of state ASAP. I looked into some other larger name companies and was disappointed with their turn-around time and lack of customer service. I'm so grateful to have found Ryan (and Kelly)! They understood my time crunch and moved heaven and earth to buy my house at a fair price and closed by the promised date. They were with me every step of the way and offered world class service! 100% would recommend to anyone!
Sue Kuckelmann
Sue Kuckelmann
17:02 16 Nov 19
We couldn’t be more pleased with the service provided. From start to finish the team was professional and extremely helpful. All the deadlines were met or exceeded even when I was in Arizona and my husband was in Las Vegas. I would recommend them to anyone who is looking to sell in Las Vegas.
Sam Thompson
Sam Thompson
17:47 25 Oct 19
Great people and very professional. Treated me and my situation fairly and with care.
Mandy Majano
Mandy Majano
01:49 07 Oct 19
They did exactly what they said they would. Great company! Highly suggest!
Anthony Montonini
Anthony Montonini
01:31 07 Oct 19
Thank you guys. We were selling our house to Casey And Ryan and there was some HOA liens that totaled over $40k and they met with the HOA board with me and got them reduced to less than $5k so I walked away with $35k more than I thought I was going to. True professionals!
Nicole Dur
Nicole Dur
01:20 07 Oct 19
My grandma needed help selling after my grandpa passed :( anyways I found them through google and they really treated her like their own family. And let us leave a lot of the stuff she had accumulated over 40 years in the house. Thank you Casey and Ryan!!
pat rolman
pat rolman
01:13 07 Oct 19
These guys have true character. We signed agreement to buy my house then my situation changed and they didn’t force me to move forward. Then 2 months later I needed to sell it and they helped me find a new place any everything. They are really Great people.
That_one_random_ Crafter
That_one_random_ Crafter
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
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