‘For Sale by Owner’ Horror Stories That Reveal All That Can Go Wrong

If you’re looking to rake in megaprofits when you sell your home, it might be tempting to try to sell your house yourself. After all, by doing For Sale by Owner, you can avoid paying a real estate agent’s commission—typically 6% of the price of the home—and keep that cash yourself!

But it isn’t quite that simple.

Be warned: FSBO is riddled with pitfalls and often doesn’t pan out at all, which explains why only 8% of recent home sales were FSBO—the lowest share since the National Association of Realtors® started tallying these statistics in 1981. So what exactly can go wrong when you try to sell your house yourself? Read these tales of woe straight from folks who’ve tried it.