Going the FSBO route when selling your home is a huge feat, and completing the sale without an agent can provide you a sense of pride.

Now, you may be asking yourself, “can I sell my home without an agent and still make money?” The answer is yes you can! Another important pro of selling your home without an agent is that you aren’t paying the agent’s commission when you close on the home. 

Benefits of Sell by Owner
benefits sell by owner

That’s why FSBO can be a great option for you if you need as much money as possible from the sale. According to Bankrate.com, the typical real estate agent commission fee is 6%. That means that, if you sell your house for $200,000, you could save $12,000 on commission fees when selling on your own.

However, you may have to pay the buying agent’s commission if the buyer is represented by an agent. But paying one commission as opposed to two commissions means more money in your pocket.

When you sell your house by yourself, you don’t have to worry about disagreements with the agent on how to approach the sales process or what to advertise about the house. For example, if you want to pay to advertise on social media in addition to online real estate listing websites, you can choose to do that. 

You also have more control over the entire process, including what your minimum requirements are for a decent offer, and are able to dedicate as much time as you feel is necessary to sell the home.

In addition to choosing how much time you want to dedicate to selling your home, you also now that you are your only client. Real estate agents, on the other hand, have other clients with whom they’re working to sell their homes. By skipping the middleman and selling on your own, you don’t have to worry about not being able to get in contact with your agent for whatever reason.

You can even shorten the selling process by choosing the FSBO route. That’s because more than half of FSBO homes sell in less than two weeks, according to a 2019 study done by the National Association of REALTORS. 

However, it’s important to know that this short time frame was typically the result of selling to someone they already knew. But, because you have control over the advertising and selling process, you can use your network to find someone to buy directly from you. Learn more about this process and how to sell your home without an agent in the next slide.