Redfin vs ForSaleByOwner

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

Redfin is a Online Services solution with tags like real-estate, home-listings, property-search.

It boasts features such as Search for homes for sale and rent, View photos, virtual tours, maps for listings, Save favorite homes and create alerts, Connect with Redfin agents for tours and offers, Use tools like mortgage calculator and affordability estimator, Read real estate news and market data and pros including Large database of home listings, Rich details for each property, Intuitive search and browsing, Helpful tools for homebuyers, Commission rebates for buyers and sellers, Free to search and browse listings.

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.

Redfin

Redfin

Redfin is an online real estate brokerage that provides users with home listings, buying/selling services, and information to make informed decisions. Its website and mobile apps aim to modernize the process of buying and selling homes.

Categories:
real-estate home-listings property-search

Redfin Features

  1. Search for homes for sale and rent
  2. View photos, virtual tours, maps for listings
  3. Save favorite homes and create alerts
  4. Connect with Redfin agents for tours and offers
  5. Use tools like mortgage calculator and affordability estimator
  6. Read real estate news and market data

Pricing

  • Freemium

Pros

Large database of home listings

Rich details for each property

Intuitive search and browsing

Helpful tools for homebuyers

Commission rebates for buyers and sellers

Free to search and browse listings

Cons

Limited geographic coverage

Must contact agent for home tours

May encourage rushed home shopping process

Requires membership for full access

Commission structure can be confusing


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