When it comes to selling your home, what is most important to you? Is it making the most profit? Well, most homeowners prioritize making the home sale deal one of the most lucrative propositions ever. This is the reason why the FSBO approach has become a popular choice worldwide including in Arizona.
The “for sale by owner” model which is also called FSBO is one of the most trusted ways to generate significant money savings at the time of selling your home. Otherwise, there are lots of headaches involved and you may lose out on some by the end of the transaction.
Here are some important things about how to sell a house by owner in Arizona.
What is for sale by owner or FSBO mean?
For sale by owner means that the owner wants to use their skills to market and sell the property on their own without needing a real estate agent. Most sellers want the FSBO route because they can save money by not hiring a real estate agent and not paying commission to the brokers.
When you hire a real estate agent in Arizona, the agent needs to be paid a heavy charge. They charge a certain amount of price of the home it sells for. As per the U.S. average for real estate commission, the data from Clever said that it was found to be 5.49% in 2022. This commission is divided between the seller’s agent and the buyer’s agent. So, if you are selling a house for $300,000, and you have hired the services of a real estate agent to facilitate the sale, then your agent’s commission would be 2.75% of the sale price which is $8,250. And by not hiring a real estate agent, you can save this money while you still need to pay the buyer’s agent.
How does FSBO or “for sale by owner” work?
There are many different ways of working with FSBO. In the FSBO real estate market, a full-service agent is not needed as the sellers want to do it all themselves. However, they can seek one of the services available online to help them with some key elements of selling a home. AZ flat fee reviews are good enough, hence you must consider that option.
For example, they can seek the services of the FSBO real estate website. With this service, the sellers just need to pay a meager flat fee and in return can get their home listed on the multiple listing service. This listing on the MLS and other platforms can help them best advertise their home online. Many companies have gained a lot of popularity in recent years due to the high-tech features provided for selling homes and a low listing fee. The FSBO websites offer a variety of packages to the clients and the sellers can opt for one of them. They can also work with a real estate attorney to seek help in reviewing contracts and forms online.
What are the drawbacks of FSBO?
In the FSBO, the seller has to undertake all the responsibilities of selling the home, which otherwise would have been borne by the real estate agent. The home selling involves loads of work including various steps such as determining the home’s price as per CMA, marketing the home, preparing the home for sale, taking good quality photos, staging the home, showing the property, negotiating the final offers, and managing the documents, etc.
Agents are trained and licensed to do these things. They are also experts in maximizing profit and minimizing the troubles for the home seller.
Some experts in the real estate industry also say that the sellers are not able to save money by saving commission to a listing agent. But the seller who hires an agent can sell their home at a much higher price due to the expert assistance of the agent, resulting in an overall higher profit.
Is for sale by the owner worth it?
“For sale by owner” works for some owners but is not a great experience for others. In a hot selling market, an FSBO house sells more quickly, but when the market is not favoring the sellers, they may have a tough time selling through FSBO. The sellers will have to do more work.
If the sellers’ have good knowledge about the forms and contracts, then they can ease the transaction and may also be able to get a good value for the house. Most FSBOs are worth it. The best part is, that you can take the help of FSBO websites like Houzeo and have an easy home selling experience at a smaller price.
FSBO website Houzeo: To ease the sale
To know how to sell a house by owner in Arizona, it is important to know about Houzeo. Instead of paying the real estate agent a heavy percentage commission on the price of your home, you must pay upfront or a fixed fee to get all the help. In return, the website will list your home on the Multiple Listing Services (MLS). If you need, you can also take additional services such as open houses, professional photography, and managed showings, at an extra-priced package.
One of the main benefits of choosing Houzeo, a Flat fee MLS listing platform, is that you will be able to simplify the process of selling the home. The company has great AZ flat fee reviews. You will not need a traditional real estate agent service and avoid paying 5 to 6 percent of the sales price. The flat fee listing services will not just put your home on the MLS but also syndicate the listing to other popular real estate websites.
Houzeo offers the following affordable packages to sellers who want to FSBO and list their homes on the MLS through a flat fee listing service.
- The Bronze MLS Package is available at a Listing Price of $199. The listing period is 3 Months. 6 Photo Uploads can be done and there is no cancellation fee. Listing changes is $25 per change.
- Silver MLS Package or the Stress-free MLS Package provides you a listing at the price of $299. The listing period is 6 Months. 24 Photo Uploads can be done and there is no cancellation fee. The package offers unlimited listing changes.
- The Gold MLS Package is also a services package that is the most advanced MLS Package. You get a Listing Price of $399. The listing period is 6 Months. Maximum Photo Uploads can be done and there are no cancellation fees. The package offers unlimited listing changes.
- Lastly, the Platinum MLS Package or Basic Virtual full-service MLS Package gets you a Listing Price of $999. The listing period is 1 year. Maximum Photo Uploads can be done and there are no cancellation fees. The package offers unlimited listing changes.