ForSaleByOwner.com Reviews: Falling Short of FSBO Sellers
ForSaleByOwner.com is one of America’s oldest For Sale By Owner listing websites. Furthermore, with its acquisition by Rocket Homes in 2018, ForSaleByOwner.com has evolved into a lead marketing engine.
Compared to other FSBO websites, the paid listing on ForSaleByOwner.com is expensive. If you’re looking for an economically friendly option, try Houzeo. Not only is listing on Houzeo quick and simple, but they also offer almost countrywide coverage.
Key Takeaways
- Pros: You can list your home on ForSaleByOwner.com’s website for free.
- Cons: They don’t list their properties on the MLS.
- Bottomline: By listing your home on the MLS with Houzeo.com, you will be able to reach more potential buyers, which ForSaleByOwner.com struggles to do.
What is ForSaleByOwner.com?
Through the online marketplace ForSaleByOwner.com, you can list the for sale by owner way. Also, you can communicate directly with the purchasers, and the company gives free website listing.
Additionally, ForSaleByOwner.com connects you with a national network of reputable agents.
What Does ForSaleByOwner.com Offer?
When you list your property with ForSaleByOwner.com, you can choose between two packages.
1. Do It Yourself (DIY) Package: Free Listing
You can post your home on ForSaleByOwner.com for free. In the DIY package, they provide a personal selling dashboard, a simple pricing tool, live support, and much more.
2. Closing Assistance Package: $495 for Selling Your Home
Consider ForSaleByOwner.com’s Closing Assistance package if you locate a possible buyer. Additionally, the bundle alerts a realtor to your FSBO sale.
Everything in the package—including the contract and closing—as well as title, inspections, and appraisals—is on offer. Additionally, you will speak with Rocket Mortgage and Rocket Homes employees.
» Closing Cost Calculator: Calculate the closing costs for buyers and sellers using Houzeo’s calculator.
The Cons of Listing With ForSaleByOwner.com
While ForSaleByOwner.com can be advantageous for selling properties independently, it’s crucial to be aware of potential drawbacks.
- No MLS Exposure: ForSaleByOwner.com’s website listing does not provide the same exposure as any local MLS.
- ForSaleByOwner.com Has Very Limited Reach: If you list your property on ForSaleByOwner.com, you are less likely to sell it.
- You Are a Lead for Rocket Homes: You will pay a higher commission if you need MLS exposure. ForSaleByOwner.com works by signing you up as a lead and charging a fee.
- You’ll be Likely to Use Amrock Title: Rocket Homes will give you no choice but to use their title service.
ForSaleByOwner.com Reviews
ForSaleByOwner reviews online are mixed. Best Company rates the company on average 3.2 stars.
ForSaleByOwner.com Positive Customer Reviews
✅ Rebecca mentioned in her review, how the platform helped her figure out the best way for listing her house for free.
✅ Despite finding the perfect place, Heather ended up renting instead of buying.
ForSaleByOwner.com Negative Customer Reviews
⛔ TTeep does not recommend ForSaleByOwner.com. In his review of the for sale by owner service, he adds, “Not many people use this as I would hope.”.
⛔ Barbara recommends listing with other MLS companies.
ForSaleByOwner.com Alternatives
If you’re not satisfied with ForSaleByOwner’s services, check out these alternatives:
1. Houzeo.com
With Houzeo, you can start selling your MLS listing for a flat fee as low as $329. Aside from offering nationwide coverage and cutting-edge technology, the firm has excellent customer ratings. Read Houzeo reviews before choosing to use their Flat Fee MLS service.
Houzeo More
🥇 BEST OVERALL
- Listing Fee: $199 to $399
- Available nationwide
- Listings Featured on Houzeo App
Houzeo offers 4 Flat Fee MLS packages.
- Bronze Package – $329+: This package offers Houzeo listing only for 6 months with maximum photos.
- Silver Package – $399+: This includes everything that home sellers typically look for.
- Gold Package – $379+: It is Houzeo’s signature MLS package and includes all the technology Houzeo is known for Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum – $349+: It includes the assistance of a licensed broker to help you with negotiations, disclosures, and closing.
👉 Our Take: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy!
» Houzeo Reviews: Houzeo is 100% online. You can finish listing formalities in less than 60 mins.
Houzeo is America\'s #1 Flat Fee MLS service because of 4 reasons:
- Max Exposure: Houzeo MLS packages give you access to the MLS, Zillow, Trulia, Realtor.com, Redfin, and 100s of other websites.
- 5-star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week. This is rare in today\'s world.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
- No Listing Commission: In most states, you\'ll be paying just a small flat fee to list on MLS. Houzeo covers 47 states + DC! And remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
There are no dealbreakers with Houzeo.
» Is Houzeo Good? Houzeo is rated “Excellent” with a 4.9 out of 5 star rating by 4,521 home sellers on Google Reviews and Trustpilot!
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
» Houzeo Review: Check out how Team Houzeo has addressed all Houzeo complaints from home sellers.
2. Beycome Real Estate
Beycome offers FSBO home listings on the Florida MLS via its technologically-advanced platform. You can manage your listing, organize offers, and schedule showings through their dashboard.
Beycome More
🏆 THIRD BEST
- Listing Fee: $99 to $499
- Available in Selective States
- No Mobile App
Based in Miami, Florida, Beycome is a technologically-advanced real estate company and makes it easy for home sellers to list their home on the MLS Florida as an FSBO. Through their seller dashboard, you get to access advanced features like managing your listing, organizing offers, and showing schedules.
They offer three flat fee MLS listing Illinois packages in:
$99 Basic Package: With this package, you get to upload maximum pictures on the MLS and make unlimited changes to your listing. They even provide an open house scheduler and a tool to manage home visits. In addition to receiving all the leads directly, you also receive online offers and get to access all legal forms & disclosures.
$299 Enhanced Package: With all the features of the Basic Package, this package includes a yard sign, a featured listing on Beycome’s website, flyers and brochures, and one key lockbox. Additionally, you also get the option to add a virtual tour video to your listing.
$499 Concierge Service: This is essentially a full-service package that includes start-to-finish assistance. They charge 1% of the sale price at closing with this package.
With their 90-day money-back guarantee, you can cancel your purchase if you don’t sell or receive at least two offers in that timeframe. Sellers have also reported that Beycome will ask you to use their title company.
- Base plan provides local MLS listing
- Valuable inclusive features
- Buyer agent commission refund
- Unlimited property reports
- 24/7 offers management
- Only available in a few states
- Concierge Service plan is expensive
Beycome has 3.3 star rating on TrustPilot.
Beycome is available in selected states – California, Florida, Minnesota, Georgia, Alabama, North Carolina, and South Carolina.
Why is Houzeo Better than ForSaleByOwner.com?
List your home on Houzeo.com and increase your exposure significantly. Selling your house will be a breeze with unmatched options. Houzeo makes the FSBO paperwork and listing management process efficient.
With maximum savings, no hidden fees, and 5-star customer support, Houzeo.com offers sellers 4 flat fee packages to list their property on the MLS.
Other Options You Should Consider
1. Sell to iBuyers
IBuyers make an offer on your property within 24 hours and can close within 7 days. iBuyers like Opendoor and Offerpad also offer the Fair Market Value (FMV) of your property.
There are some significant disadvantages to selling to an iBuyer. These include:
- Limited coverage, restricted to metro and urban areas
- Strict eligibility criteria without exceptions
- Non-negotiable offers
- 5% service fee
- 2% – 8% repair costs
👉 Our Take: If your house meets the iBuyer company’s eligibility criteria, we recommend you sell to iBuyers.
» iBuyer Reviews: Compare top iBuyers in America, pros, cons, & alternatives.
2. Sell to “We Buy Homes for Cash” Companies
A “We buy houses for cash” company allows you to sell your house as-is fast. You can even choose a closing date within 7 days. These companies also make cash offers for homes outside metro areas or in difficult areas to sell.
The following reasons could make traditional cash home buyers a bad choice for you:
- They make lowball offers and offer only 50% – 70% of market value.
- Their offers are non-negotiable
👉 Our Take: If you are selling a distressed house “as-is” without searching for the best price, we recommend selling to a cash buyer.
» “We Buy Homes for Cash” Companies: Here are the top cash home-buying companies in 2023.
3. Sell With Flat Fee MLS Services
Customers should use MLS listing websites when buying or selling a house. 95% of buyers find their dream home using online tools. And 89% of home sellers sell their homes using Multiple Listing Services (MLS).
Listing with a Flat Fee MLS get your house on the market within 24 hours. There are four major benefits to using the Flat Fee MLS when selling your house fast:
- MLS is the fastest way to hit the market, plus your listing is syndicated to Zillow, Realtor.com, etc.
- Your listing gets maximum exposure.
- You can negotiate all offers.
- You skip paying commission or service fees.
👉 Our Take: We recommend Flat Fee MLS companies for most home sellers. It’s fast, and you’ll save thousands on commissions.
Should You List Your Home on ForSaleByOwner.com?
With Forsalebyowner.com, listing on the MLS is not included. As an alternative to the MLS, you can also advertise on Facebook Marketplace and Craigslist, or on your yard sign.
MLS listing companies like Houzeo.com help you find the best deals for your property. By listing your property through Houzeo, you can facilitate a smooth closing process.
Since the platform is 100% online, you do not have to worry about anything. Houzeo lists your property on the MLS at a flat rate and automates other tasks that otherwise require manual intervention.
Frequently Asked Questions
1. Can I put my house up for sale on ForSaleByOwner.com?
Yes, you can sell your home for free on their website. Through they have no MLS coverage.
2. Who are ForSaleByOwner.com's major competitors?
3. Is listing with ForSaleByOwner worth it?
No, Forsalebyowner.com only provides listings without an MLS package on their website. This can restrict the exposure of your property.
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