How to Sell a House By Owner: 2024 FSBO Guide

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner.

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment.

Despite a cooler real estate market in 2024, the steep rise in equity of the previous years adds extra incentive to maximize profits.

With millions of homes sold each year, a modest 7% of sellers choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). While the method can work, it does come with some risks. Selling a house is a pretty rare event for most people, so you don’t know what you don’t know.

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FSBO listings statistically sell for less than agent-assisted sales. HomeLight analyzes over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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In this 2024 guide to selling FSBO, we’ll cover what can be the most difficult aspects of selling by owner, including the steps that might be harder than you think. We’ll also provide an overview of the full process to prep, market, and close on your home without the assistance of a real estate agent.



from HomeLight Blog https://www.homelight.com/blog/how-to-sell-a-house-by-owner/

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