the FSBO seller, and if that person is working, that can translate to more money lost in time taken off work. A meaningful amount of time and money are involved in selling a home, even when you sell it FSBO. Other costs involved in selling a house without a real estate agent include:
Determining the Sales Price of the Property
The seller can do this by comparing recent sales prices of similar properties in the area and adjusting their price to match those, hoping to hit the market sweet spot, or they can employ the services of a professional appraiser (which usually cost $350 and up).
Writing a Sales Contract
You can get a real estate attorney to write one up for you, or you can purchase a boilerplate contract or find one free online (overall, this process usually costs $200 and up).
MLS Listing
You can purchase a listing on an MLS, but will have to do so from a real estate agent, as agents are the only ones that can list on MLS. If you use this option, you must also stipulate a commission fee that you are willing to pay a buyer’s real estate agent ($200-$500 for the MLS service, plus a 2-3% final sales price commission fee).
Advertising the Property
Advertising costs can vary widely, depending on what methods you want to use. Several websites, like Craigslist, will list a house for no cost; others, like eBay, can charge for a fixed-price listing. Advertising materials such as FOR SALE signs, brochures,
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