Selling Real Estate For Sale By Owner in New Orleans

The primary reason most homeowners consider Selling Real Estate For Sale by Owner or FSBO is to save money on real estate commission. While commission is negotiable, New Orleans commission can range as low as 4% and as high as 6% with the best real estate agents. With an average home selling price in New Orleans at $168,000, calculating a listing agent’s commission of $6,720 - $10,080, it is certainly understandable that a homeowner questions the value of an agent. What they don’t realize is that 80% of all homes listed for sale by owner end up hiring a Realtor after unsuccessfully selling their home on their own. There seems to be a misconception about the level of skill and expertise that selling a home requires..

The most common reasons FSBOs fail, is because the house is listed at the wrong price, there is a lack of online exposure, limited showing accessibility, and the inability to qualify buyers. Don’t risk you or your family’s security for perceived financial gain.

If you have attempted to sell your home as a FSBO and would like a free consultation with a Realtor, contact us.