For-Sale-By-Owner Is Online-Enabled

by Mike Hunter

Valley couple Colleen and Allan Crommett founded fsboTECH a year ago, bringing a new option to the real estate market. Their intent was to help the home sellers in the For Sale By Owner (FSBO) marketplace by enabling them to use tools such as Multiple Listing Service without having to pay the typical 6-percent commissions to the listing agent and the buyer’s agent — all through the fsboTECH website.

All services are included in the basic package, and the home will be listed on MLS within one day of having professional photos taken. Buyers and sellers communicate and schedule viewings on the website — including making offers and digitally signing their Purchase Agreement when a deal is reached. All legal documentation is built in to the package, which includes digital signature capability for forms. The click of a button then sends the transaction to escrow. 

This is the latest in an industry that has been experiencing a lot of growth in home-selling options. Among others is a listing service that charges the home seller a set-up and back-end fee. Other home-selling services offer the convenience of a guaranteed immediate sale, buying the home as-is and then fixing up the property to put it on the market at a more advantageous price. The Crommetts’ aim is to let people manage their own sale process by giving them tools to effectively market their own homes, professional photography and hands-on professional help with hosting open houses. There will be fees to the seller for the sale itself, based on the sales price, but by removing the real estate agent from the sale, fsboTECH enables the seller to keep, on average, 6 percent more of the money in the sale.

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