Selling a house for sale by owner, also known as FSBO, can seem like a tempting idea. The thought of not paying a listing agent commission to sell your home is often attractive to homeowners who
Selling Your Home For Sale By Owner (FSBO) In Brevard County — Do I Need A Real Estate Agent?
Dated: October 5 2021
Selling a house for sale by owner, also known as FSBO, can seem like a tempting idea. The thought of not paying a listing agent commission to sell your home is often attractive to homeowners who want to "save" money, but the reality isn't always as straightforward.
If you're thinking about selling your home For Sale By Owner in Brevard County, there are some essential things you need to consider. In this article, we're discussing the FSBO process and whether you really need to use a real estate agent to sell your Brevard County home.
What Does For Sale By Owner Mean?
For sale by owner (FSBO) is a term that refers to a specific method of selling a property. When a home is listed FSBO, it means the homeowner is selling the property without the use of a listing agent or broker. This means that the homeowner will research the potential market value of their home, market their home, coordinate showings and negotiate with buyers without the help of a professional real estate agent.
Does Selling Your Home FSBO Save Money?
Selling your home FSBO in Brevard County requires patience, knowledge, and careful negotiation to obtain the best sales possible. Although many homeowners opt to sell their homes without an agent because they think they'll make more money, this isn't always true.
If your goal is to sell your home for the highest amount of money, you may be surprised to hear that FSBO homes often sell for less money than homes listed with a professional real estate agent. In fact, according to the National Association of Realtors, in 2020, the typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales.
Before you jump right into selling your house the FSBO route, there are other costs you should think about. The real estate sales process involves several fees and expenses — not just the commission to a listing agent. Expenses for selling your home FSBO include;
- Fixing your home up and making necessary repairs: a knowledgeable real estate agent can help you determine the lowest cost improvements with the highest impact.
- Marketing your property: Professional property photographs are a must if you want to get top dollar for your Brevard County home. In addition, you should list your home for sale on all major real estate websites for optimum exposure.
- Paying buyer's agent commission: Contrary to what many people think, even if you sell your home FSBO, you'll likely still have to pay an agent commission if the buyer is represented. In addition, you’ll be negotiating with a seasoned professional over the value of your home, as well as any contingencies the buyer may request.
- Hire a title company or real estate closing attorney: In the state of Florida, a title agent or real estate attorney must facilitate the closing of a real estate deal.
Do I Have To Use A Real Estate Agent To Sell My Home In Brevard County?
Put simply, no, you do not have to use a real estate agent to sell your home in Brevard County or the state of Florida. However, a knowledgeable real estate agent can be worth their weight in gold — especially if your goal is to sell your home as quickly as possible and for the highest price!
At Curri Properties, our Brevard real estate agents are licensed professionals who understand the local real estate market and know how to secure you a fast and competitive offer for your home. With decades of experience serving the Central Florida and Space Coast area, Curri Properties have helped thousands of homeowners achieve their real estate goals.
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