For Sale by Owner (FSBO) in Virginia

Virginia home sellers can’t successfully get through a reaI estate transaction without paying the closing costs, including the realtor commission fee. This fee can add up to an average of 3% to 6% of your sale price - maybe even more. 

 

Although you cannot simply forego paying your closing costs, you do have control over whether or not you pay the listing agent. How? By choosing to sell your property on your own. 

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A For Sale By Owner (FSBO) transaction is one that involves taking on the role of a realtor and keeping more of the sale proceeds. That’s right - save thousands with greater profits for you. 

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For those willing to put in the work to sell a house, the results can be quite rewarding.

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But, you aren’t a listing agent. How do you know where to start with an FSBO listing? How are you sure you won’t miss a step along the way? 

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This is where we come in. 

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At The Closers, we understand your desire to do things without a realtor. However, we also understand the importance of having everything handled appropriately for the most successful transaction. 

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Our title experts will make it happen - so you can save money. 

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Advantages of an FSBO Transaction Over Using a Real Estate Agent

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If you are considering an FSBO transaction, then you will definitely want to take a look at the benefits.  

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• Save money.

• More freedom in setting the listing price. 

• Decide where and how you want your property marketed.

• Ability to engage directly with negotiations from buyers. 

• Turn down offers from buyers - or accept them.

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In other words, you have much more control with an FSBO transaction 

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Trust in The Closers of Virginia

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Despite having all the advantages, FSBO transactions create a lot of work for the seller. And, whether you know what you are doing - or don’t - real estate transactions can get a little tricky sometimes. 

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By having our team of highly-skilled title experts on your side, The Closers of Virginia can provide you with some benefits you won’t want to miss, such as: 

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• Arranging for the preparation of a sales contract based on the terms and details you provide

• Conduct a thorough title search to ensure that it is free and clear

• Offer title insurance policies

• Guide you through a successful closing

• Handle post-closing responsibilities

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And if you happen to have any questions along the way, we are here to answer those, too. Trust the Closers of Virginia to handle all your FSBO needs.

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Frequently Asked Questions

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Who can sell their property as an FSBO? 

 

Anyone can sell their property on their own as an FSBO. Just remember that you will be taking over the role of a real estate agent and must be willing to handle all the tasks associated with doing so.

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Is title insurance necessary in an FSBO transaction? 

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Absolutely. Regardless of whether a property is sold with or without a real estate agent, title insurance is still recommended. Title insurance protects the new owner from any title defects that could interfere with their right to title in the future. 

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How do I know what paperwork needs to be drawn up for a sale?

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The paperwork required will depend on the state that you are in. But things like the deed, title, disclosure forms, purchase contracts, property surveys, and more may need to be drawn up. And, due to the significance of these documents, they need to be done properly. 

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Hiring a title company can give you peace of mind and the confidence of knowing that your title agents will handle all the necessary paperwork for you. 

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How do I know if selling as an FSBO is right for me? 

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Choosing to sell your property as an FSBO is a personal choice. If you are willing to put in the work, consider inviting The Closers of Virginia to help carry the load with you.