Why should you not sell FSBO?

Selling for sale by owner (FSBO) is a lot of work and FSBO homes, on average, sell for less than those sold with the help of a realtor. What you save in commission you may lose in a lower sale price.

What does FSBO mean for a mortgage?

You can still get a mortgage when buying a FSBO home. However, your mortgage lender will want the property appraised. If the seller has overpriced their home , your lender will only approve your mortgage for the appraised value, not what the seller has listed it for.

Michael Warford

Writer

Michael Warford is a Content Writer at Clever Real Estate, the nation's leading real estate education platform for home buyers, sellers, and investors.

Prior to joining Clever, Michael worked as a freelance writer for a variety of digital and print publications, including Homes & Land Magazine Edmonton and Yellow Pages Canada. He was also the Assistant Manager of Content Production at Higher Education Marketing in Montreal, where he developed content for leading colleges and universities.

He studied English at Concordia University in Montreal where he received a B.A. and M.A.

When not writing, Michael enjoys reading, drawing, traveling, and exploring Montreal's neighborhoods and cafes.

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