Faith, Ledyard & Faith, PLC
COVID-19 NOTIFICATION: To protect your safety and the safety of our staff, in response to the threat of COVID-19, we are offering the option to connect with us via telephone, email and video-conferencing. Our staff are fully operational. Please call or email us to discuss your options.
A Full-Service Law Firm Serving the West Valley and Greater Phoenix for More Than 40 Years
PA Image
Real Estate Law
PA Image
Personal Injury
PA Image
Civil Litigation
Construction Law
PA Image
Bankruptcy
PA Image
Employment Law
PA Image
Estate Planning
PA Image
Debt Collection
PA Image
Government Law
PA Image
Criminal Defense
PA Image
Business And
Commercial Law
PA Image
En Español

Should I pursue a for-sale-by-owner transaction in Arizona?

| Oct 16, 2015 | Real Estate Transactions |

A homeowner’s choice to move forward with selling his or her Arizona home is a major decision. It means uprooting his or her family and establishing a home in another location. There may be many unknowns and many questions. One question that often arises at the early stages is whether a homeowner wants to list a property with a real estate agent or to pursue a for-sale-by-owner transaction.

FSBO transactions are increasingly popular with property owners, and they have both advantages and disadvantages. One advantage may be the savings of a real estate broker’s commission. A real estate agent’s commission is typically six percent of the sales price of a home, and that can be a major savings for a homeowner who chooses to list and sell the property him- or herself. On the other hand, real estate agents have the experience and expertise that can help a homeowner obtain a higher sales prices for his or her property, and therefore it may be worth paying a commission.

Choosing to try to sell a home yourself rather than through an agent will also involve a significant time commitment, with advertising, staging and inspection requirements. Some homeowners may have the time and desire to take on this extra responsibility, but some may not be able to add managing phone calls and showings to their long list of daily responsibilities.

There is no one right answer as to whether a homeowner should pursue a FSBO transaction. That decision will depend on each homeowner’s particular set of circumstances. Regardless of the choice a homeowner makes, it may be wise to consult an attorney to make sure that a final real estate transaction is properly executed when the time comes for property to change hands.

Source: Fox Business, “Real Estate Agent vs. For Sale By Owner”, Kristin Bianco, accessed Oct. 9, 2015

Lead Counsel Rated LC
Lead Counsel Rated LC
Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
Lead Counsel Rated LC
Lead Counsel Rated LC
FindLaw Network

Stay Connected With Us