What is FSBO? Leading Sale By Owner Websites

By
Real Estate Technology with Houzeo Corp.

Are you bothered thinking about the seller's cost such as the heavy expense of paying the real estate agent? What if you get to know that you can sell your home on your own without needing to pay a real estate agent? While the housing market is hot and selling, there is a pool of buyers who are interested in buying properties. This is probably one of the best times to go for FSBO and save thousands of dollars in real estate agent commissions. FSBO may also help you sell your house fast and efficiently. 

You can take the help of the for sale by owner websites. They help you with a smooth process by charging the lowest cost. You can make the selling process easier and gain significant expertise too to handle another real estate deal like a pro. 

So, if you have time to dedicate and learn about FSBO, then here are all the details for you. We will talk about how to sell your house faster with FSBO with the help of the best FSBO websites. 

What is ‘For Sale By Owner?

Before we talk about the top websites that will help you sell your home without needing an agent, it is imperative to know these things about FSBO. 

Homeowners who are willing to adopt the ‘for sale by owner or FSBO’ concept need to know that they will have to create a listing of their home on the MLS. It is essential to get views from prospective buyers. Houzeo is the online tech company that can help you list on the MLS. They also provide additional services too. 

The best part about this method of selling the home is that it allows you to save huge amounts of money. The seller need not pay the real estate agent several thousand dollars in commission fees like in the traditional method. However, you still need to pay other costs and expenses like creating the home listing, additional services, Real Estate Photography, seller closing costs, buyers agent commission, etc. 

 When you are not working with a real estate agent, you will be the controlling authority. You are free to decide your method, asking price, marketing tactics for the house, how to manage negotiations, etc. 

Best For sale by owner websites

Know the best for sale by owner websites. These will help you sell your home faster and more efficiently. 

Houzeo.com

The best one comes first on the list. America’s leading For Sale By Owner website, Houzeo has listed more than $3.5 billion worth of properties last year in 2022. Houzeo is the best choice in the US as a For Sale By Owner website and Flat fee MLS  for the reasons mentioned below:

  • This platform allows your home maximum exposure as its listings are not just syndicated to several MLS but also to other top property websites. 
  • Houzeo enables you to use the best social media sharing tools.  
  • You can create a fast listing at an affordable price with this website. 
  • You can do as many changes as you want. 
  • This website is known to be the best for providing excellent customer support. 
  • The home sellers in America have given a 4.9 rating to Houzeo out of 5 on Google and Trustpilot, which is the best-ever rating. 
  • Since the website offers the latest and superior cutting-edge technology, it is adjudged as a powerful real estate website
  • It also offers several advanced features like IntelliList Listing Management System, Houzeo Showings, Houzeo Settlement Agent Platform, etc. 

Beycome

To create an MLS listing without spending much, Beycome is the name for you. They operate in the areas such as Connecticut, Florida, Alabama, California, Georgia, Illinois, North Carolina, Minnesota, and South Carolina. They are best known for their affordable MLS packages. Here is what you need to know about this website:

  • You can list it on your local MLS at an economical price. 
  • They offer supreme features like professional photography, home marketing flyers, and other materials, lockbox, etc. 
  • The websites also offer additional services like negotiation help, etc. 
  • The packages are offered at a nominal flat fee rate. You may also need to pay a certain percentage of the home’s sale price. 
  • The features such as the ability to upload as many photos, do free changes to the listing, and schedule free open houses are offered. 

Forsalebyowner.com

As the name says, this website is for all FSBO sellers. The website began functioning around 20 years back. This website is known to invite a lot of site traffic. Here is why Forsalebyowner.com can be your option: 

  • It can generate a high traffic volume for your property. But at the same time, it is also vital to note that Forsalebyowner.com homes are not present on the MLS.
  • Forsalebyowner.com does not believe in the buyer’s agent commission. You may think it is a benefit but it also limits buyer’s agent exposure, which is essential for a successful and quick home sale. 
  • Forsalebyowner.com are fully customizable. 
  • You can subscribe to the free basic listing package and each monthly user. 

FSBO.com

One of the most reputed and trusted for sale by owners or FSBO websites is FSBO.com. they operate all over the nation and provide a variety of services. They are also known for offering economical packages and top-quality services. Here is what you need to know about the website:

  • The basic package of the website begins at a price point as low as $99.95. However, this package could provide better exposure to the home. The listing remains restricted to that platform only.
  • You can choose higher packages which are priced at $399.95. You will get varied services under this package to make your listing exposed to a pool of buyers.
  • They create easy and quick MLS listings.
  • The website offers extra features too such as a lockbox, yard sign, etc.

The downside is that the website still uses old technology and believes in manual processes. This makes the transaction slower than usual. The website may also refer a local to the seller. The broker will help you manage your property as per the locality. FSBO.com does not allow brokers to get listed. Hence, you hardly have control over your sale process.

Flat Fee Realty

One of the for sale by owner websites is flat fee reality. They create easy MLS listings. You can avail of the services by creating your MLS listing at a basic package. Know the following too:

  • The website allows you to market your home for sale by owner on this website at a nominal price. ‘
  • You can upload 6 property photos. 
  • By paying an additional fee of $50, you can upload more photos if you want. 
  • The listing broker also charges 0.1% to 0.25% of the buyer’s agent commission. 


One thing that you must know is that if do not have expertise and time, then consider a real estate agent service.

Comments (1)

Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

I can't speak to markets outside of my own, but every week most firms here provide agents with an updated FSBO list to call. I don't think the owners are prepared for the army of agents blowing up their phone to try to get the listing. This is probably why most FSBO's here wind up listing with an agent- exhaustion of dealing with agents. I don't know if that is the common experience with owners elsewhere or not.  Before I became an agent, I would have considered going the FSBO route. Ever since becoming an agent- I realize that it's not a process I  would recommend to most sellers. I own a condo and I am President of the condo board, but I wouldn't recommend selling a co-op FSBO unless the seller really understands the building, board package, board interview, etc.  Perhaps selling a single family house is a much easier and less complicated process- so my experience might be the outlier. 

 

Nov 26, 2022 11:00 AM
Jigar Shah

I know selling FSBO is difficult but with companies like Houzeo or Beycome using advanced technologies to solve these problems and the savings they provide make FSBO quite lucrative for sellers.

Nov 28, 2022 01:44 AM
Adam Feinberg

Do these companies address issues like navigating co-op and condo board packages, advising what is needed from the board? I spent an hour prepping my co-op buyers how to address the board interview- and they passed because my buyers were so well prepared. FSBO services won't help most sellers with these issues and could backfire. What about relationships with bankers- knowing which banker is best for a particular buyer or building- especially in light of the fact that so many buildings here don't qualify for traditional agency lending. FSBO tech solutions might work well for most of the nation but in NYC- it's a different environment, and might work for some condo sellers, but it's not for most co-op's- which is most of the market here. 

Nov 28, 2022 08:53 AM