For Sale By Owner (FSBO) is the process of selling property without an estate agent.
One of the main reasons people decide to sell their home privately is to save money on commission; this is the fee that estate agents typically charge homeowners to sell their home, and currently averages around £3,400 (wince).
Coupled with this we also wrote a blog which highlighted reasons why some estate agents can’t be trusted, and this is another reason why many homeowners choose to take matters into their own hands.
Can I Sell My Home by Myself?
Legally, yes. All you will essentially be responsible for is marketing your property. You must then engage a regulated conveyancing solicitor to transfer ownership of the property.
The only potential downside to property for sale by owner is an incompetent homeowner, and I mean that in the nicest possible way.
We’ve seen it all before – homeowners advertising their home on Gumtree or eBay with a 10 word description full of spelling mistakes, and blurry or non-existent photographs of cluttered rooms. And it’s these homeowners that give properties for sale by owner a bad name.
Unfortunately it is entirely true that some people just aren’t equipped to sell their home by themselves. If you are lazy, can’t take a photograph in focus, or struggle to string together some captivating sentences then it’s probably advisable that you hire an estate agent to sell your home.
Selling a House Privately
MoveSelf provides all the tools required to sell your home privately. The platform itself is free to use and provides functionality to create property listings, manage viewings and enquiries, proxy phone numbers (to hide your ‘real’ phone number) and more. Our optional premium features are available such as an advertising board, portal advertising, professional photography, professional floor plan creation, accompanied viewings and more. We can also refer you to our trusted panel of conveyancing solicitors too.