Keep your 6%

The Savings Can Be Life Changing

Are you thinking of selling your house yourself, without the help of a real estate agent?

Eliminating the realtor can save you as much as 6 percent in commissions. On a $300,000 house, that comes to $18,000. And “for sale by owner” houses tend to sell more quickly, sometimes in as little as two weeks, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers (which notes, however, that the brief time frame is often because the seller and buyer know one another).

Before you decide to sell your home without an agent, however, keep in mind that the process is far from easy. You’ll have to invest a lot of time in doing the work a realtor would ordinarily handle, which includes everything from showing and marketing your home to negotiating the final price.

Also understand that you’ll need to take care of all the legal and financial paperwork, which can be daunting. (It’s probably a good idea to hire a lawyer to help with that.) There also are a number of websites, such as ForSaleByOwner.com and FSBO.com, to help walk you through the process.

With all this in mind, if you do decide to sell the house without an agent, here are five tips to help you get started.

Set a Realistic Price
If you’re selling your home without an agent, don’t make the mistake of thinking your home is worth more than it really is.

 

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