Subscribe

Dear PoPville – Why no real For Sale By Owner (FSBO) market in DC?

Dear PoPville,

My husband and I live in Mount Pleasant, and have been watching our neighborhood real estate market since we bought our place in 2007. With an current inventory of ZERO single family homes in the area, and places going under contract within a week with multiple offers and no contingencies, we’re curious why there’s not more of a robust FSBO market. We’re considering the possibility of moving, and have a great place in the entry-level (for the neighborhood, of course) price point, but the idea of handing over 6% of the sales price–which could be the better part of our return on investment–to a realtor is really galling.

Without inviting the real estate lobby to argue for all the benefits of hiring a professional (staging, negotiation, open house management and so on), I’m curious for folks to weigh in on why they think more folks don’t try to sell by owner. (I say this also having moved from Madison, WI, which had a thriving FSBO market, where I bought my house with no problems from a lovely set of owners, so I’m familiar with the process.)

Recent Stories

January 19 Coronavirus Data New Cases: 489 confirmed and 108 probable From the Mayor’s Office: “The District’s reported data for January 20, 2022 includes 524 new confirmed positive coronavirus (COVID-19)…

Signs of the Times

Posting this one from DC Homeland Security & Emergency Management for posterity: “If you’re hitting the grocery store to prepare for winter weather, please just buy what you need and…

photo by Jennifer “Dear PoPville, January 19, 2022 — The Wharf ice-skating rink, Curling & Cocktails. Early in the event, my friend and I were randomly paired by the organizers…

If you have any animal/pet photos you’d like to share for the regular fix please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name…

×

Subscribe to our mailing list