For Sale by Owner Pros and Cons

Selling Your Home Without a Real Estate Agent Could Save You Thousands of Dollars. Here’s What You Should Know First

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Selling your home in today’s market, where home prices continue to set records, might feel like an opportunity for a big payday.

And in some ways, it is — especially if your home has appreciated rapidly in the last few years. But there’s no such thing as a free lunch, as they say. Selling your home also involves lots of expenses, chief among them the 5% or 6% commission owed to your real estate agent.

The good news is, you might be able to avoid that cost altogether if you have the time and skills to do it yourself. Some homeowners opt to do a FSBO (for sale by owner) listing, which cuts out the real estate agent entirely, and therefore eliminates that commission. But doing a FSBO isn’t without its challenges.

https://time.com/nextadvisor/mortgages/for-sale-by-owner-pros-cons/