Updated over 9 years ago on . Most recent reply
need help selling my home without an agent FSBO
I have a neighbor interested in my home. I would like to sell without an agent since I already have a buyer lined up. I was hoping someone here has experience with FSBO and could share what is needed to close the deal. Any links to posts, blogs, websites or anything with details would be appreciated. The property is in California. Thanks!
Most Popular Reply
Is your buyer paying cash and/or is their funding lined up? Selling FSBO without an agent is easy until you have to deal directly with a buyer's lender. Then you'll appreciate what agents do and that they are worth 6%. I consider myself pretty skilled and efficient with RE paperwork but I don't sell retail to buyers getting home loans without an agent.
The other issue is value. You may be totally underestimating what you could get for the property if you put it on the open market, especially right now. You may net more by using an agent. If your understanding of value is off by only 7%, you'll lose money going FSBO. Just something to think about.