Is For Sale By Owner (FSBO) right for you?

Selling a house can be a complicated endeavor. Between marketing, staging, negotiating with buyers, and closing on the sale, you may think you need the assistance of an agent to help you with your home sale.

But you may not necessarily need a real estate agent to sell your house in Jacksonville. You could always choose to sell FSBO (for sale by owner).

According to statistics provided by Real Estate Witch, 25% of home sellers have tried to sell their houses FSBO at least once. But should you sell your house FSBO?

What does it mean to sell FSBO?

‘For sale by owner,’ often abbreviated as FSBO (pronounced “fizz-bow”), refers to the process of selling your home without the help of a broker or real estate agent.

In an FSBO sale, you, as the homeowner, take on all the duties and responsibilities typically handled by an agent. This includes everything from setting the price and marketing the property to showing the home, negotiating with buyers, and facilitating the closing process.

If you don’t want an agent’s assistance, you can always sell to an off-market home buyer like We Buy Ugly Houses^®. We help Jacksonville homeowners who want to sell their houses without a real estate agent.

How to sell your house FSBO

When you sell your Jacksonville house FSBO, you’ll be in charge of:

• Preparing your home: Before listing your home, you’ll need to make any necessary repairs, clean the house, and stage the property to appeal to potential buyers. This might include anything from painting walls to repairing broken fixtures.
• Setting the price: Pricing your home correctly is crucial. You’ll need to research comparable home sales in Jacksonville to set a competitive price. You may also want to get a professional pre-listing appraisal to ensure that your price is accurate.
• Marketing your property: Once your home is ready, you’ll need to get the word out. This could involve listing your home on the Multiple Listing Service (MLS), creating online ads, and placing yard signs. Some homeowners also invest in professional photography and staging to make their home stand out.
• Showing the home: As the owner, you’ll be responsible for scheduling and conducting showings.
• Negotiating offers: When a buyer expresses interest, you’ll need to negotiate the terms of the sale, including the price, closing date, and any contingencies.
• Handling paperwork: Finally, you’ll need to handle all the legal documents involved in the sale. This includes drafting the purchase agreement, disclosure forms, and other paperwork necessary for closing your sale. Many FSBO sellers hire a real estate attorney to ensure that everything is in order.

Necessary paperwork for selling FSBO includes:

• 2 forms of ID
• Affidavit of title
• Bill of sale
• Closing statement
• Copy of purchase and sale agreement (plus any addendums)
• Disclosure documents
• Signed deed

Keep in mind that you may need additional documents, depending on your specific selling situation.

Considerations when selling FSBO

Selling FSBO comes with a few benefits and drawbacks to consider.

Pros:

• You get to control your sale: Selling FSBO lets you handle your listing and set your own price. You also get to decide how to market, when to schedule open houses, and whether you need staging.
• You don’t need to pay a commission: Selling your home by owner means you don’t need to hire a real estate agent. This way, you can skip paying any commissions since you won’t have an agent.

Cons:

• You will still need to pay some selling costs: Since you control your sale, you will need to consider possible home repair expenses and typical home-selling costs. You may need to pay for cleaners, staging, marketing, and possibly even temporary housing during your sale. Additionally, if your buyer has an agent, you will most likely be paying their agent’s commission.
• You could face potential liability: You probably don’t sell a house often, and lack of experience or familiarity with the process can lead to mistakes that could jeopardize your home sale. It’s important to be vigilant and thorough because every step of the process and each required document is necessary for a successful sale.

With We Buy Ugly Houses^®, you can take charge of your sale without paying seller commissions or high upfront selling costs, all while steering clear of legal risks.

Sell your house FSBO in Jacksonville.

If you’re ready to sell your Jacksonville house FSBO without the headaches of listing, marketing, and negotiating, We Buy Ugly Houses is here to help. We’re known as a premier off-market house-buying company, and our 3-step home-buying process can take you from consultation to closing quickly, sometimes in as little as 3 weeks! We buy houses at below market value in exchange for speed and convenience.

Here at We Buy Ugly Houses in Jacksonville, our experienced team of local property buyers will guide you through the entire process. You can even sell your house to us “as is.” We pay all typical closing costs, and we never charge commissions or hit you with hidden fees.

This content is for informational purposes only and should not be considered legal advice.