Hiring a real estate agent to sell your home could be pricey. If you don't want to pay a commission, there are other options. Q: I have a house in the Fayetteville area, south of Atlanta. I am stationed at Fort Bragg NC. I drive home every other weekend and heard part of a radio [...]
For sale by owner is one way to try selling property. When you choose to sell your property for sale by owner, you don't hire a real estate agent to help you. The buyer and the seller can save 6 percent commissions that would otherwise go to a real estate agency. But who gets the for sale by owner commission savings? A buyer of a for sale by owner property should not enter the transaction expecting to get a lower price.
When you're ready to sell your home you may debate whether to hire a real estate agent or sell the home yourself in a for sale by owner transaction. For sale by owner transactions require more work on the part of the seller but the seller can save money on the real estate agent commission, which can run 5 to 7 percent of the sale price of the home. Learn how the type of housing or real estate market affects this decision.