What is a FSBO Business?
FSBO is an acronym for For Sale By Owner. Most commonly used in the real estate industry when a home owner will sell there house FSBO (For Sale By Owner). The FSBO home seller will take all responsibiity of the marketing and legal work of selling their home into their own hands. This is compared to paying a real estate agent to handle these duties, which can cost around 7% of the sales price.
Lets take a look at the 3 most important aspects of selling any home, especially a fsbo home.
1)Location. Location. Location. Is your fsbo house in the right location. Unfortunately there is not much that can be done about your location. In my years of fsbo business experience, I have seen beautiful homes sit and sit becuase of location. Where as ugly homes in the best locations will sell as soon as the hit the market. See #3 on how to help sell your home in am undesirable location.
2)Price. This is the hardest part for any home seller, setting their homes price. Most fsbo business are not licensed agents, therefore can not help their clients set pricing. However most fsbo home sellers, can research existing home listings, home sales by using the internet. Check out your local real estate agents web site to see what homes are selling for in your size and location. The actives are your competition. Check your county assessors page for sold homes, these are sellers who have already sold their home. What price did it take to sell theirs.
3)Exposure. If buyers are not finding your house, it becomes impossible to sell. A good fsbo business will expose your home to mulitple real estate websites, have social media capabilities, and have thousands of visits to its main fsbo website. In this internet age, getting your home on a fsbo website is the most important item you can do.
We appreciate you reading this article and want you to know that FSBOFox is on the fsbo business. In addition to 8 fsbo markets in the midwest to help you advertise your home fsbo, we also offer small business owners fsbo website design, a fsbo website specific to your market. These small business opportunities are available under our fsbo license program, similiar o a fsbo franchise.
More information can be found here…
thank you for reading about what is a fsbo business.