For Sale By Owner Website - Houzeo

Wichita Falls, Texas
Buying & Selling Real Estate
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For Sale By Owner Website - Houzeo

Nathan Frost
Rental Property Investor · Wichita Falls, TX · Member since 2018 · 353 posts · 79 votes

Is Houzeo the best site to sell your house as an owner? Trying to save 3% from listing with an agent and I have many agent friends locally that have given me a CMA. Which website is usually the best and helps with the paperwork?

Houzeo
Fizber
FSBO

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    3y

    You’d probably be better off paying one of those 1% listing agents, especially if you’re going to pay the buyer’s agent anyway. Do you think you might be reaching 10% of the buyers on those 3 websites? Maybe? 

    So if the highest offer would have come from the other 90% you’ll lose money on the deal. Especially if there were two buyers in that 90% and could have caused a bidding war or at least FOMO for one buyer. I would also ASSUME anyone going to those sites is looking for at least a 2-3% discount from market since they know you’re not paying a realtor, that’s why they bothered to look. That or properties priced under market by mistake.  They might bring their own realtor on top of that. Then you definitely lose money or won’t sell. 

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  • Nicholas Johnson
    Homeowner · Newport Beach, CA · Member since 2023 · 2 posts · 1 vote
    3y

    You could check out HomePie. They have services to help people do FSBO and help with the paperwork and they also do listings to MLS.

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Bill Brandt

    Agree 100%. A good agent is worth their weight in gold.

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  • Ray Hage
    Investor · Fort Lauderdale, FL · Member since 2020 · 1k+ posts · 755 votes
    3y
    Quote from @Nathan Frost:

    Is Houzeo the best site to sell your house as an owner? Trying to save 3% from listing with an agent and I have many agent friends locally that have given me a CMA. Which website is usually the best and helps with the paperwork?

    Houzeo
    Fizber
    FSBO


     If the property is in a very high demand location, you are better off with an agent mainly because there will be a lot more eyeballs on it and could go above the list price. You also can negotiate that fee down especially if it is a more expensive property. 

    If it is a lower demand market and you are not in a hurry to sell, you could go the FSBO route. It sounds like you are getting some free help from friends and that is awesome! The paperwork can be tricky so you'd want to ask your agent friends to at least look it over and maybe give them a few bucks for their time and advice.

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  • Nathan Frost
    OP
    Rental Property Investor · Wichita Falls, TX · Member since 2018 · 353 posts · 79 votes
    3y
    Quote from @Ray Hage:
    Quote from @Nathan Frost:

    Is Houzeo the best site to sell your house as an owner? Trying to save 3% from listing with an agent and I have many agent friends locally that have given me a CMA. Which website is usually the best and helps with the paperwork?

    Houzeo
    Fizber
    FSBO


     If the property is in a very high demand location, you are better off with an agent mainly because there will be a lot more eyeballs on it and could go above the list price. You also can negotiate that fee down especially if it is a more expensive property. 

    If it is a lower demand market and you are not in a hurry to sell, you could go the FSBO route. It sounds like you are getting some free help from friends and that is awesome! The paperwork can be tricky so you'd want to ask your agent friends to at least look it over and maybe give them a few bucks for their time and advice.


     Agree.  And I would be in no rush when the time comes.  If it doesn't sell I could rent it out or just wait.

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  • Brad L.
    Rental Property Investor · Manitowoc, WI · Member since 2016 · 178 posts · 186 votes
    3y

    I've done a few FSBO, did flat-fee mls listings for $350 and offered 2% to the buyer's agent. This way everyone that would normally see it, still saw it.

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