Facebook Marketplace vs ForSaleByOwner

Struggling to choose between Facebook Marketplace and ForSaleByOwner? Both products offer unique advantages, making it a tough decision.

Facebook Marketplace is a Social & Communications solution with tags like social-media, marketplace, buy-and-sell, ecommerce.

It boasts features such as Buy and sell items locally, Post items for sale, Search for items to buy, Communicate with buyers and sellers and pros including Free to use, Large existing user base on Facebook, Leverages existing Facebook platform and features.

On the other hand, ForSaleByOwner is a Business & Commerce product tagged with for-sale-by-owner, fsbo, real-estate, home-selling.

Its standout features include Create a listing with home details and photos, Get exposure on ForSaleByOwner website and mobile app, Set your own price, Communicate with buyers directly, Write your own contracts, No agent commissions or fees, and it shines with pros like Saves money on agent commissions, More control over the selling process, Set your own schedule for showings, Keep the full sale price.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Facebook Marketplace

Facebook Marketplace

Facebook Marketplace is a feature on Facebook that allows users to buy and sell items locally. It allows users to post items for sale, search for items they want to buy, and communicate with potential buyers or sellers.

Categories:
social-media marketplace buy-and-sell ecommerce

Facebook Marketplace Features

  1. Buy and sell items locally
  2. Post items for sale
  3. Search for items to buy
  4. Communicate with buyers and sellers

Pricing

  • Free

Pros

Free to use

Large existing user base on Facebook

Leverages existing Facebook platform and features

Cons

Limited to local/in-person transactions

Less features than dedicated marketplace sites

Potential safety risks meeting strangers locally


ForSaleByOwner

ForSaleByOwner

ForSaleByOwner is an online platform that allows homeowners to sell their homes without a real estate agent. It provides tools and resources to guide sellers through the home selling process on their own.

Categories:
for-sale-by-owner fsbo real-estate home-selling

ForSaleByOwner Features

  1. Create a listing with home details and photos
  2. Get exposure on ForSaleByOwner website and mobile app
  3. Set your own price
  4. Communicate with buyers directly
  5. Write your own contracts
  6. No agent commissions or fees

Pricing

  • Free to create a basic listing
  • $39.95/month for premium listing features
  • $149 one-time fee for premium listing features

Pros

Saves money on agent commissions

More control over the selling process

Set your own schedule for showings

Keep the full sale price

Cons

More work and responsibility falls on the seller

Limited exposure compared to MLS

No agent guidance or expertise

Potentially more complex negotiations