What is "For Sale By Owner" (FSBO) and how can it help you?
FSBO is a process for those who wish to buy and sell their own homes without a real estate agent in broker. Sellers get to save tens of thousands of dollars in agent commissions. Buyers get to see homes their real estate agents can't find, often at a reduced price. Have others used this process? How about more than 770,000 people in 2006! That is how many homes were sold by owner last year alone -- a number that has remained constant over the years.
How much do agent commissions cost you? Typically, 6-7% of the sale price. On a $300,000 condo, that's $18,000-$21,000. On a $700,000 house, that's $42,000-$49,000. Wouldn't you rather keep that money and do the work yourself? You could pay off your debts, put a child through college, or remodel another home. We think it's worth the effort!
FSBO is here to stay. It is a time-tested, proven model that allows consumers to save more of their own money. Today, nearly one in every five homes sold is a FSBO property. That is why Parade Magazine just cited (April, 2007) as their number one myth in real estate that you need a licensed agent or broker to sell your home.
To learn more about FSBO, go to our Resources page for helpful articles and links. We have also included a "Buyers Guide" and "Sellers Guide" to familiarize you with the major steps and procedures of buying and selling your own home. Welcome to the exciting world of FSBO!
- Unlike print advertising which is expensive and has limited viewership, a listing on the Internet is viewable 24 hours a day, 7 days a week, by anyone anywhere, meaning not just people living in the D.C. area, but those planning to relocate here as well.
- Buyers can always browse listings on this site for free!
- This is the only FSBO site based in the D.C. Metro area, and the only website that provides free local tools and resources to help you buy and sell your own home.
- We live here, know the landscape and marketplace, and have designed this website to work for anyone living in Washington, D.C., Northern Virginia or the Maryland suburbs.
- Learn more About Us.