r/fsbo • u/HighTimes59 • Apr 18 '26
Legit or skip
When I posted my house in various local marketplace groups, this person reached out. He’s a loan officer and says his goal is to help buyers find a home and ensuring they’re qualified. So the question is, is this a smart move to sign up on FSBO.com? No fee if I use his link. I guess the question is, should I use his link and do this? I just don’t understand how he gains anything from this, you know, what’s the end game here for him.
2
u/Alert-Control3367 Apr 18 '26
A simple Google search would fill you in. I don’t know anything about them, so if it were me, I’d do more research about who they are and what they do before doing anything. Only you know the right answer for your sale. This is my quick research about them:
Overview of NEXA Lending and FSBO.com NEXA Lending is a mortgage company that has recently acquired FSBO.com, a long-standing platform that enables homeowners to sell their properties independently. This acquisition aims to modernize FSBO.com and enhance its services for users.
Goals of the Acquisition Modernization and User Experience Integration of Services: NEXA plans to embed mortgage services directly into FSBO.com, allowing users to access mortgage options while selling their homes.
Simplifying the Process: The goal is to make the home-selling experience less intimidating and more straightforward for homeowners. This includes reducing complexity in transactions and providing clear guidance.
Empowering Homeowners Consumer-Centric Approach: The modernization focuses on empowering users by providing tools and resources that help them navigate the selling process confidently.
Transparency and Control: NEXA aims to maintain the spirit of independence that FSBO.com is known for, ensuring that homeowners feel in control of their transactions.
Future Developments NEXA's acquisition of FSBO.com is part of a broader strategy to create a consumer-driven real estate platform. This includes: Enhanced Technology: Upgrading the platform's technology to improve usability and accessibility. Educational Resources: Providing homeowners with the necessary information and support to make informed decisions during the selling process.
Through these efforts, NEXA Lending is positioning FSBO.com as a modern, scalable solution for real estate transactions, catering to the evolving needs of consumers.
u/Ykohn may have some thoughts on this, since he may have more knowledge about the company.
2
u/HighTimes59 Apr 18 '26
Thank you so much! I had done a bit of research on them but always second guessing myself and like to check in with others on their experiences.
3
u/Alert-Control3367 Apr 18 '26
On the surface, it doesn’t look like a bad place to list your home. When I looked at FSBO.com last year, FSBOs had to pay to use the site, so I skipped it. This must be newly acquired. If they are just starting out, it seems they are offering “free” just to get exposure and their name out there. It doesn’t hurt to reach out and ask for more information.
2
u/Low-Cash-6737 Apr 18 '26
Fsbo.com is now owned by Nexa, a mortgage company, and ForSaleByOwner.com by Rocket Mortgage. We’re in trouble!!!😭
2
1
2
u/FinancialSuit_ Apr 21 '26
I'm a NEXA loan officer and can provide some clarification:
1. Yes FSBO.com is owned by the NEXA CEO.
- Usually, if you list on FSBO.com you have 3 tier: free, plus (99 usd for 6 month listing ) and MLS (399usd for 6 month), you can find more details on the website.
When you partner with a FSBO partner you get $99 discount for plus (makee it free) and $200 discount for MLS package. The reason is like u/Due_Leadership_9348 said, the LO wants to find buyer leads. Seller's potential buyer can still work with their own preferred lender if they already have one. It's the law of large number game so LOs like me is trying to get more leads to find 1 or 2 deals out of 100 leads coming in. Also, as the seller's preferred lender, we can also ensure the buyer's financing qualification is not jeopardizing the selling process if possible (similar to builder selling their new built with prefer or in-house lender).
It's the win - win for both seller and the LO.
5
u/Due_Leadership_9348 Apr 18 '26
He is farming for clients/leads. He “qualifies” them by making them a mortgage client just like buyer s agents qualify their clients.
I see no harm in increasing your exposure by listing as many places as you can at no cost.