Fizber is a disruptive real-estate platform that focuses on For Sale By Owner listing services. Fizber's business model offers FSBO sellers the tools and resources they need to list and market their own homes.
But how effective is Fizbers platform when it comes to selling real estate? And can it provide the same results and customer service that a real estate professional can? We've looked at the data and reviews to bring you this comprehensive report about Fizber and how it measures up to its alternatives.
How Does Fizber Actually Work?
Fizber is an online platform that provides sellers with a suite of tools to help them sell their home independently. This includes listing your property on Fizber's own website. Fizber also syndicates your listing to other real estate sites such as Zillow, Trulia, and Redfin and emphasizes its marketing on popular social media sites.
Fizber also offers sellers tools to help enhance FSBO sellers' success, including 3D home tours and online brochures, plus the opportunity to receive advice from a Fizber affiliated real estate agent if needed for an additional cost.
How Much Does Fizber Charge?
If you choose to list your home on the Fizber website, you can do so for free. If, however, you would like a more in-depth marketing package, prices start at $95 and includes syndication to Redfin only. The most comprehensive packages cost $395 and include syndication to all major real estate websites and the local Multiple Listing Service.
Benefits of Fizber
As Fizber is a service that aids FSBO sellers, it enables sellers to navigate their own sales transaction, at their own pace. When a seller finds a buyer for their home, Fizber can connect them with a licensed agent who acts as a Transaction Coordinator and prepares contracts for an additional fee.
The tools included in Fizbers service fee include: contracts, legal forms, title reports, social media syndication, and yard signs (at an additional cost)
Fizber's website also states that they offer a money-back guarantee if you are not happy with any of their services.
Drawbacks of Fizber
Although Fizber provides sellers with many useful tools designed to streamline the home selling process, it is ultimately still up to the owner to sell their home.
If you aren't particularly tech-savvy, or simply don't have the time to market and sell your own home, you might find Fizber and the sales process challenging to navigate.
It's also important to note that although Fizber's cheapest service option starts at $95, this does not include the buyer's agent fee, which typically costs the seller an additional 3% of the total sales price.
Does Fizber work?
Many FSBO sellers have had success with the Fizber platform and Fizber themselves claim to average 100 new listings per week. If you are a confident seller who has knowledge of your local real estate market and the transaction process, you might appreciate Fizber's online business model.
If you require more support during your real estate transaction, you also have the opportunity to request one of Fizber's associated realtors. Fizber does not release any information explaining how they vet the real estate agents that they work with.
Alternatives to Fizber
Although Fizber could be a good option for sellers who wish to sell their home independently without the help of a professional, it probably isn't the best option for sellers who want support and expert advice throughout.
Fizber's fees are very reasonable, however, they do not include the buyer's agent's commission, which is typically 3% of the total sales price. This means that on the median sales price of $234,400 in the U.S. if you choose to use Fizber to sell your home, you should expect to pay their fee plus $7032 in agents commission. It is important to note that the cooperating agent is working on behalf of the buyer and not the seller.
In comparison, Clever connects you with top-performing, full-service real estate agents who will sell your house for a flat-fee of just $3,000 if it sells for under $350,000, or 1% if it sells for more. Taking into consideration the buyer's agents of 3%, you can up to 50% on commissions with Clever.
One of the most significant advantages of working with a Clever Partner Agent is that you don't have to worry about marketing, showing, or negotiating the sale of your property — your local Clever real estate expert will do that for you, for a flat-fee.
Our agents are from well established real estate brands and regional brokerages such as Keller Williams, RE/MAX, Coldwell Banker and Century 21, so you can be sure you're getting the best service possible.
If you're planning on selling your home, but want to save thousands of dollars in commission, reach out to Clever to find out how we can streamline the process of selling your home.