sell a property as FSBO(for sale by owner) with as is condition clause

[Gp G.]

Hi,

How to sell a property as FSBO(for sale by owner) with as is condition clause. What are good websites, resources for this purpose.

Please advise

[Charles Carillo]

@Gp G.

Most real estate websites (like Zillow) allow you to post your home FSBO. Other websites you could post on: ForSaleByOwner.com, Facebook Marketplace, Craigslist, Houzeo, Unreal Estate, Isoldmyhouse.com, HomeCoin, Beycome, Fizber

In the listing, mention that you are selling it as is. I would also spend money on a professional photographer. It will go a long way.

[Bill B.]

Ps. Unless the buyer is paying all cash remember “as-is” doesn’t mean anything. 

They’ll still do an inspection and they can still say fix thsi or I’m not buying. Their bank can still say we won’t finance it unless this is fixed. And you still have disclose all known defects. (Both that you know about now and that you are told about form your buyer’s inspections.)

Most buyers are going to discount their offer by double what they think it will cost to repair what they can see plus the “mystery repairs” you’re hiding with your as-is sale so you will make much less on the sale. 

You are better off just listing it as being “discounted for its current condition” and saying “owner won’t make any repairs or contribute to any repairs”. But again, make sure none of them will prevent financing. Otherwise you might as well take the lowball offer from the we buy homes websites or Opendoor/offerpad. 

Pps. You'll probably end up having to pay any buyer's agent a commission so you're really trying to save 1-2% max on your seller's agent before you pay for advertising, professional photos, doing the open houses and showings and paying to be on the MLS. I just don't see the return. And this is all assuming you pick just the right price that you don't sell it for less than it's worth or it lost it for too much and it sits on the market for an extra month or two.