Question Details

Tom Melvin, Home Owner in Taylorsville, NC

Is it possible to list your home for sale by owner without paying a fee?

Asked by Tom Melvin, Taylorsville, NC Mon Mar 4, 2013

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Answers

7
Hi Tom,

Say you are lucky enough to find a buyer who will pay your price, then what? Do you know what to do next? Are you familiar with your state's disclosure laws and time frames? Too many lawsuits are born of improperly handled real estate transactions. I would think twice about it if I were you.

Best of luck,

Barbara Grandolfo
1 vote Thank Flag Link Tue Mar 5, 2013
You could, but trying to save dollars you may be losing tens of thousands of dollars. A good listing agent will sell a home quicker and at a better price than a for sale by owner can. the key is they listing agent should more than make up for the commission you pay in the higher price and smoother sale.
1 vote Thank Flag Link Tue Mar 5, 2013
Yes, it is possible! Nine out of ten times, when I hear about a by owner sale that was done in two weeks and I look up the home, it makes me sad to see that they could have gotten so much more for that home.

The FSBOseller, home seller in a previous post is absolutely correct when he/she says to do your homework. It is also correct to assume that you will be eliminating many would-be buyers. Most buyers are represented by agents today. In most cases the buyer/agent relationship goes on for months before finding the right home. Would you want to work for months and not get paid in the end?

If you are planning to do it yourself, it is essential that you get into MLS and you should advertise that you are willing to pay a co-broke(buyer agent fee).

Also, make sure that you have accurate information on the homes around you that sold within the past 30-90 days. Do not rely on what your neighbor tells you that their home sold for. Very often this price is exaggerated to avoid embarrassment. Price your home accordingly. Make sure you get staging advice and that is just the start of the process.

Best of luck.
1 vote Thank Flag Link Tue Mar 5, 2013
Agree with Ron, possible to list but unlikely to sell.

Penny wise, dollar foolish.
1 vote Thank Flag Link Tue Mar 5, 2013
In the last couple years, we have seen several of those "discount" houses go out of business:
And although it is LISTED for some to see; there is no incentive for anyone to help you show and sell the house.
You are saving a dime to lose a dollar.
1 vote Thank Flag Link Mon Mar 4, 2013
You can try to sell the property yourself, but you have to protect yourself from liability. You might be able to hire a Real Estate Lawyer to handle it for you, but you will have to pay the lawyer anyway plus do all the marketing work as well. I think it will end up easier if you just hire a good listing Realtor and negotiate the best commission rate you can.
0 votes Thank Flag Link Sun Mar 17, 2013
It is, but you will probably have to offer a buyer's agent something to get them to show your home. Paying also to be put on the MLS is also essential. Would highly recommend becoming very educated on the process before you start.

MANY agents on Trulia will tell you FSBO is impossible, and will give you a multiple of outdated reasons. It can be successful, but only when you as the seller knows the entire process and thinks and acts like a successful agent.
0 votes Thank Flag Link Mon Mar 4, 2013
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