JOSEPH SCROFANI JD - THE FOR SALE BY OWNER GUIDE

sell it FSBO.

Other costs involved in selling a house without a real estate agent include:

Determining the Sales Price of the Property

The seller can do this by comparing recent sales prices of similar properties in the area and adjusting their price to match those, hoping to hit the market sweet spot. Alternatively, they can employ the services of a professional appraiser (which usually costs $550 and up).

Writing a Sales Contract

You can get a real estate attorney to write one for you, purchase a boilerplate contract, or find one free online (this process usually costs $200 and up overall).

MLS Listing

You can purchase a listing on an MLS but must do so from a real estate agent, as agents are the only ones who can list on MLS. If you use this option, you must also stipulate a commission fee you will pay a buyer’s real estate agent ($200-$500 for the MLS service, plus a 2-3% final sales price commission fee).

Advertising the Property

Advertising costs can vary widely, depending on what methods you choose. Some websites, like Craigslist, will list a house for free; others, like eBay, can charge for a fixed-price listing. Advertising materials such as FOR SALE signs, brochures, pictures, or classified advertisements can also become costly (anywhere between $50-$2,000 on average, depending on the chosen methods).

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