FSBOTheDistrict.com (FSOB stands for “For Sale By Owner”) was launched by local homeowners who wanted to avoid getting a real estate agent involved in the purchase or sale of their real estate. The Web site does not share information with real estate agencies and is not involved in the transaction. Instead, it works only as a facilitator.
“Unlike national [for sale by owner] sites, which often have just a few listings in several cities and virtually no local resources for buyers and sellers, locally operated Web sites can provide region-specific detail, with links to local services,” said Jocelyn Batko, co-founder of the site. “The lack of a local FSBO Web site in the Washington, D.C., metro area has made it difficult in the past for homeowners to easily advertise their home and homebuyers to readily find local [for sale by owner] listings in the area.”
Involving a broker in a transaction, while helpful, is also costly. Typically, broker commissions are about 6 percent of the price of the home. Therefore, a $400,000 home would require about $24,000 in broker fees.
dfrancis@dcexaminer.com
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Seriously, wouldn't you love to have a little house in the model of the Shire from Lord of the Rings? How energy efficient?!?! Keep the soil on top of the roof and around most of the walls and you keep about a 60-65 degree temperature year-round. Little need for AC; limited need for heat (especially since the insulation is good). Problems: need a dehumidifier. Also would have a concern for mold as well as the need to mow and water the roof on occassions.
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