Tips for For Sale By Owners
Whenever we are in a Sellers Market, it is natural for home owners to think about selling a home without an agent. If you are willing to roll up your sleeves and have the time, patience, and skill this may be something you have considered. This is not an undertaking for the risk adverse individual. Even in a "hot" Sellers Market, there are several things that can be done to increase a For Sale by Owner's odds of selling their property for the most profit without an agent's assistance. I have pulled together a few tips for you in this PDF.
One additional thing to keep in mind if you are considering selling a home without an agent is that you are going to be bombarded with agents reaching out to you. They may have Buyers or they may be trying to convince you to list your home for sale with them.
If they do bring a Buyer with an offer, you will likely have to pay the Buyer's Agent commission. Most Buyers are not able to qualify for the the down payment, closing costs, and their agent's commission. In our real estate market, all commissions are typically paid by the Seller. This commission may be around 2.5 - 3%, and you will want to budget in as far as the cost of selling your home.