To many people, paying a real estate agent 6% for what seems like an easy job doesn’t make sense. But there are additional costs that you will incur when selling your home without a real estate agent.
You will still need to pay all the same taxes and fees that you would if you had a real estate agent, but you’ll also be responsible for the costs of:
- Advertising your property
- Holding open houses
- Listing on the MLS
- Closing attorney fees
Adding to these physical costs, there are less tangible costs associated with selling a house FSBO, like the time and effort that you have to put in. Remember, FSBO homes usually take longer to sell, and sell for less than those managed by a real estate agent.
According to the National Association of Realtors (NAR), homes that sell FSBO go for 16% less than agent-sold homes – that means you could end up losing $48,000 on a $300,000 sale! Add up all your expenses before you move onto the next step. Doing this will help you to determine whether or not selling your Florida home by yourself is worth it.
Whether you engage the services of a licensed real estate agent or not, Golm Law Firm can facilitate your transaction. We can represent the Seller or Buyer or both, as well as handle the closing. In addition, we will communicate with real estate agents and other professionals to ensure that the transaction goes smoothly. An experienced real estate attorney will not only guide you through the For Sale By Owner Process, they will be with you at the closing table when you sign the final closing documents.
Contact our Office at (941) 704-4049 if you are selling your home without a Realtor, are interested in learning about the process, or if you need forms or a closing cost estimate.