Table of Contents

How to Sell Your House Without a Realtor Like a Pro

Selling a house without a realtor in Rhode Island

✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.

The median home in the US sells at $436,800. At that price, you’ll pay $26,208 in commissions alone if you’re selling your home.

You can save at least $13,104, or half the total commission, by selling your house without a realtor. In fact, 26% of Gen X’ers and 36% of millennials list FSBO and save thousands according to Zillow.

However, selling a home by owner can be overwhelming if you are not prepared. From list to close, you need to know the tips that will help you succeed. And that’s where this detailed FSBO guide comes in the picture.

Let’s dive in.

Key Takeaways for FSBO Sellers

  • Save on Agent Commission: You can save thousands of dollars in listing commission by selling your house without a realtor. List on MLS and sell as FSBO for a flat rate.
  • How to Prepare to Sell Your Home Without an Agent? You can improve the curb appeal of your house to sell faster and at a competitive price.
  • What are the costs for FSBO? Since, you handle the entire transaction on your own there are multiple costs involved in selling without a Realtor.
  • What are the Other Options? For others there are alternate cost saving options for a quick and easy sale.

Can I Sell My House Without a Realtor?

Yes, you can sell a home without a realtor. This is also known as selling a house by owner. About 77% of homeowners sell their houses without a realtor within 2 weeks.

You execute the entire transaction without any guidance from a licensed real estate professional.

FSBO listings sell lesser than the homes represented by real estate agents, but you save agent commissions up to 3% to 4%. These commissions are paid by the seller as a part of the seller’s closing costs.

Homeowners have other options like MLS listing services, discount real estate brokerages, etc. who work at lower rates.

How to Sell Your House Without a Realtor in 8 Steps?

We have created the following steps to successfully sell your home without a realtor: 

1. Determine How You Want to Sell Your House

Parameters you need to take care of while selling your home on your own include home selling costs, marketing strategy, and your preparation level.

As a homeowner, you have the following options for selling your house on your own:

  • List on the MLS: The Multiple Listing Service provides maximum exposure to your property. Houses listed on the MLS sell 17% more. By listing with a Flat Fee MLS company, you get maximum savings on agent commissions.
  • Sell For Sale By Owner: 97% of buyers look for homes online. So, listing your house on For Sale By Owner websites will increase the exposure to your property.
  • Sell with a Flat Rate Realtor: Flat rate realtors will help you list your property and handle the paperwork until you close on the sale. They charge a fixed fee ranging from $349 to $5,000.
  • Sell to Investors: Sell to an investor if you want to off-road your property quickly. You can also opt for cash companies to close a deal in 10 to 15 days.

2. Choose the Best Time to Sell Your House

The period between June and July, i.e., late spring to summer, is the best time to sell your house. During this magic window, your home can fetch a 10% higher listing price.

Also, 21% of the houses are listed on Thursday. These houses tend to sell faster and above the asking price. However, the best time to sell a house will always depend on the housing market conditions in your area.

3. Price Your House Competitively

Research the local real estate market to analyze similar properties in your area and price your home competitively.

Do not overprice or underprice your home. If you do, it can make the buyer feel suspicious about your house causing it to spend more days on the market.

You can also hire real estate agents to prepare a Comparative Marketing Analysis (CMA) report. This report helps to estimate the competitive value of the property.

4. Prepare Your Home for Sale

Perform the necessary repairs, decluttering, cleaning, etc., to enhance the appearance of your house. Moreover, high-quality professional photos and descriptions are essential for effective marketing.

You can also hire a professional home staging company. A staged home attracts up to 5% higher than the listing price.

When closing on a house you need to ensure the house is clean before buyers visit the house. Buyers can get turned-off by seeing a messy house.

5. List and Market Your Property

When you sell your house without a realtor you need to find ways to market your property to attract potential buyers. Here are the best ways to reach your buyers –

  • Install a Yard Sign: Attractive For Sale By Owner yard signs can attract the attention of buyers in the neighborhood.
  • Professional Photographers: You can hire a real estate photographer for good-quality photos. Professionally photographed homes sell 32% faster. 
  • Social Media Sharing: You can create posts to share your listing on social media sites. You can include your contact details for buyers to reach out to you directly.
  • List on Craigslist: Craiglist is one of the biggest classified ad platforms. Listing on Craigslist can give your ad higher exposure and reach.

✍️ Pro Tip: If you secure a buyer from a yard sign, chances are you’ll save on the buyer agent commission as well.

6. Negotiate Offers

The basics of what to do when you get offers will remain the same – accept, decline, or ignore the offers. We suggest you review the offers on all their merits.

Even if it’s a low-ball offer, you should counter with what you would accept. Countering an offer, or calling for the highest and best offer are two advanced tactics in every real estate agent’s arsenal.

To sell your house on your own, you need to learn these two tactics.

7. Draft an FSBO Contract

When you sell a house without a realtor you need to make an FSBO contract. An FSBO contract is a legally binding document on both buyer and seller. 

This contract is usually prepared by a real estate agent and ensured all the terms are outlined. However, if you are selling your home without a realtor you can create your own FSBO sales contract.

The FSBO contract protects the rights and interests of both the buyer and seller throughout the deal. This document is legally binding so it should be free of errors, especially when there are thousands of dollars involved.

👉 For Sale By Owner Contract: How to create an FSBO contract and what to include in it?

8. Close the Home Sale

The contractual implications while selling a home involves complex legal considerations. When you sell a home without a realtor you might need to work with a real estate attorney to close the sale easily. But, professional legal counsel comes with additional costs.

Let Buyers Complete the Due Diligence

Your property goes off-market once you accept an offer. Now the buyer can secure a mortgage to move ahead with the purchase process. The lending company verifies the buyer’s finances and performs an inspection and home appraisal to evaluate the property. The property’s appraised value is then sanctioned as a mortgage to the buyer.

Closing Costs Involved

When selling for sale by owner, the closing costs for the seller include:

  • Buyer Agent Commission: It can be 3% or more of the final sale price of the house.
  • Attorney Fees: A real estate attorney will help you draft the FSBO contract to avoid any legal troubles. They typically charge between $150 – $500 depending on your location.
  • HOA Fees: The Homeowners Association also charges a transfer fee of around $100 to $400 to update records of new ownership.

👉 Seller Closing Cost Calculator: Find out how much closing cost you will be paying as a seller.

FSBO Companies That Help You Sell Without a Realtor

The following For Sale By Companies will help you list and sell your home without a Realtor:

  • Houzeo: Houzeo offers affordable MLS listing packages to list your home on the MLS within 48 business hours. Additionally, you can manage the other aspects of home selling with Houzeo tech tools.
  • Fizber: Fizber offers three MLS listing packages. Most of these packages differ in listing period and number of photos. Apart from the flat fee listing fee, the company charges 0.5% at closing in some states.
  • FSBO.comFSBO.com is another MLS listing service that offers Flat Fee MLS services. However, FSBO.com is limited to MLS listing and doesn’t offer other tools or services you need as an FSBO seller.
  • CraigslistYou can list your home for free and market it to millions of people who visit the website. However, you might fall prey to illegitimate and unqualified buyers. Also, Craigslist sellers have reported fraudulent cases in the past.
  • ZillowZillow is also an option to list your home for free and market it to millions of people at once. However, Zillow hides FSBO listings under special filters, which might limit your exposure.

Selling a House Without a Realtor Paperwork

The paperwork for selling a house without a realtor varies from state to state. So, you can hire a local real estate agent or an attorney. Search online on local government websites for the documents required in your area.

It can be intimidating to handle the documents in a real estate transaction. But once you understand the process completely, you can bypass the challenges that may arise.

The following are the required documents for selling a house without a realtor and closing on a house.

List of Important Documents

Professional AppraisalA professional home appraiser evaluates the property and gives an appraised value of the house. This evaluation is crucial when a lender is involved.
Preliminary Title ReportA report that specifies the title history, current owner, and description of the property.
Pre-Inspection ReportSellers can go for an inspection of their property even before they put it up for sale. This can help both sellers and buyers during the purchase process.
Home Inspection ReportA home inspection report will contain all the inspection details of the house. This may be initiated by the seller or the buyer.
Appraisal ReportAn appraisal helps to determine the actual value of the property. The appraisal report contains the details about the property (including photos), the market price, and the process appraiser used to arrive at the said price.

Agreements and Contracts

Original Sales ContractThe original contract is given at the time when a house is purchased. It contains the sale price and the seller’s disclosures from the previous seller.
Listing AgreementA listing agreement between the buyer and the seller is also the final version of the Initial Purchase Offer (IPO). The agreement includes the sale price, earnest money deposit, terms of the contract, and other elements of the sale.
Final Purchase and Sales AgreementThis agreement defines the terms and conditions of the sale between a seller and a buyer. In a nutshell, it is a document that defines the ownership transfer of the real estate in return for the sale price.

Repairs and Maintenance

Records of Home Repair and MaintenanceBefore selling a home, a seller may want to get some important repairs done. This will attract potential buyers. As a seller, having the repair receipts in place will increase the probability of selling your home. Similarly, home maintenance records, especially appliances, can help buyers expedite the selling process.
Receipts from Any ImprovementsReceipts of any repairs or upgrades made by the seller.

Transaction Related Costs

Seller’s Net SheetContains the sum of all expenses incurred while selling a home.
Settlement StatementThis statement summarizes all the expenses involved in the transaction.

Other Documents

Payoff Amount for Your Mortgage (Mortgage Statement)It determines how much you have yet to pay as part of the mortgage. The lender usually provides this.
Insurance RecordsInsurance of property is a broad term and covers many risks like fire insurance, flood insurance, earthquake insurance, and more. These can be helpful and attract potential buyers.
HOA Documents (If Applicable)Residents can become a part of the Homeowner’s Association (HOA) which may be helpful as a community. They need to pay a maintenance charge to the association for any upgrades or management of the properties. All this information is part of the HOA documents.
Warranties and ManualsA buyer will always be concerned about the condition of the home appliances before buying the house. Having the devices’ warranty paperwork with the user manuals can greatly increase the chances of home sales.
Mandatory DisclosuresEach state has some mandatory disclosures to be disclosed by the seller. These vary across states.
Comparative Market Analysis (CMA)A comparative market analysis report provides an estimate of the home’s market value based on sales of similar properties in the neighborhood.
Contingency Removal FormThis form is required to lift any contingency restrictions that may be blocking the purchase deal.

» Paperwork for Selling Your House Without a Realtor: Know about the paperwork for Selling a House Without a Realtor! (2024)

Costs of Selling a House Without a Realtor

Here are the expenses that are involved in selling a house without a realtor:

1. Buyer’s Agent Commissions

The buyer’s agent typically charges from 2.5% to 3% of the house’s sale price. By offering a competitive commission to the buyer’s agent, you ensure he drives more potential clients toward your house.

2. Professional Photography

Professional photos attract buyers. Real estate professional photographers charge an average of $110 – $300 per session. Moreover, drone photography, videos, and 3D tours can help you sell your house faster.

3. Home Appraisal

One of the prominent challenges that FSBO sellers face is pricing their homes. A thorough pre-listing home appraisal makes sure your home is priced correctly.

The cost of professional home appraisals varies as per the type of house. The appraisal cost of a typical single-family home ranges from $300 to $450.

4. Marketing

The cost of marketing ranges up to a few thousand dollars.

The market and the house status determine the marketing cost to attract buyers. Installing a For Sale Yard Sign and posting a free ad on Craigslist can work for you. You may also need to pay for a free ad in the local newspaper.

Pros and Cons of Selling a House Without a Realtor

Selling a house without a realtor has its own pros and cons:

✅ Pros of Selling a House Without a Realtor

Saving on CommissionsSelling your house without a Realtor can result in commission savings anywhere between 3% to 6%.
Speed to MarketFSBO websites like Houzeo will get you on the market within 24 to 48 hours or faster!

👉 Houzeo Reviews: Home Selling Made Easier!
Control Over TransactionBy interacting directly with the buyer or buyer agent, you reduce intermediaries. That makes everything simpler.

❌ Cons of Selling a House Without a Realtor

No MLS access:MLS access is only granted to registered real estate agents. You can opt for flat fee companies to list your house on the Multiple Listing Service without an agent.
Poor Customer ServiceIf you don’t get help when you need it, For Sale By Owner can become a very expensive experiment very fast. Be sure to read reviews to know how an FSBO site’s customer service is.
Low Sale PriceSelling without a realtor can get you a lower price than the fair market value of your house.

Alternatives to Sell Your House on Your Own

If you find selling your house without a realtor overwhelming, you might think about the following alternatives to sell your home:

  • Sell to a Power Buyer: These are home-buying companies that leverage their own capital. These companies boost the purchasing power of homebuyers by making cash offers, bridge financing, and trade-in programs on behalf of the buyers.
  • Sell to a Cash Buyer: Cash buyers are individuals investors or companies. They buy your house outright without any lenders. With a cash buyer, you can sell your house fast but at a lower net profit.
  • Use an iBuyer: iBuyers are home-buying companies that make instant offers on houses in as is condition. They then make the necessary repairs and sell it for a profit. However, you need to ensure that your home meets their strict eligibility criteria.

» Sell Your House As Is: Learn about how you can sell your house as is and skip repairs!

Bottom Line

Understanding how to sell a home without a realtor and the paperwork involved makes the selling process easy.

The average real estate agent commission ranges from 5% – 6%. You can opt to register with FSBO platforms like Houzeo if you are thinking of selling your own home without the help of a Realtor. With Houzeo, you can easily list your house on the platform and the local MLS at a low flat fee.

» Houzeo Review: Check out what FSBO sellers have to say about listing with Houzeo.com

How to Sell a House Without a Realtor Near Me

To understand how selling a house without a Realtor works where you live, click on your state below:

RegionStatesHow to Sell Your House on Your Own
NortheastStateHow to Sell A House By Owner in New Jersey | How to Sell A House By Owner in New York | How to Sell A House By Owner in Pennsylvania | How to Sell A House By Owner in Massachusetts | How to Sell A House By Owner in Connecticut | How to Sell A House By Owner in New Hampshire | How to Sell A House By Owner in Maine | How to Sell A House By Owner in Vermont | How to Sell A House By Owner in Rhode Island
MidwestStateHow to Sell A House By Owner in Illinois | How to Sell A House By Owner in Ohio | How to Sell A House By Owner in Missouri | How to Sell A House By Owner in Michigan | How to Sell A House By Owner in Minnesota | How to Sell A House By Owner in Wisconsin | How to Sell A House By Owner in Indiana | How to Sell A House By Owner in Nebraska | How to Sell A House By Owner in Iowa | How to Sell A House By Owner in North Dakota | How to Sell A House By Owner in South Dakota | How to Sell A House By Owner in Kansas
SouthStateHow to Sell A House By Owner in Florida | How to Sell A House By Owner in Texas | How to Sell A House By Owner in Georgia | How to Sell A House By Owner in North Carolina | How to Sell A House By Owner in South Carolina | How to Sell A House By Owner in Tennessee | How to Sell A House By Owner in Virginia | How to Sell A House By Owner in Delaware | How to Sell A House By Owner in Kentucky | How to Sell A House By Owner in Louisiana | How to Sell A House By Owner in Alabama | How to Sell A House By Owner in Oklahoma | How to Sell A House By Owner in Arkansas | How to Sell A House By Owner in Maryland | How to Sell A House By Owner in Mississippi | How to Sell A House By Owner in West Virginia | How to Sell A House By Owner in Washington D.C.
WestStateHow to Sell A House By Owner in California | How to Sell A House By Owner in Arizona | How to Sell A House By Owner in Nevada | How to Sell A House By Owner in Oregon | How to Sell A House By Owner in Alaska | How to Sell A House By Owner in Washington | How to Sell A House By Owner in Colorado | How to Sell A House By Owner in Idaho | How to Sell A House By Owner in Utah | How to Sell A House By Owner in New Mexico | How to Sell A House By Owner in Hawaii | How to Sell A House By Owner in Montana | How to Sell A House By Owner in Wyoming

» Want to learn more? Read these exclusive Houzeo reviews to find out why it is one of the best For Sale By Owner Websites in America. 

Frequently Asked Questions

How to close on a house without a Realtor?

You can hire a real estate attorney or a local agent for closing on a house. Read more to understand how to close on your house efficiently without a realtor.

How to sell your house fast without a Realtor?

You can sell your house fast for cash to cash home buyers, house flippers, or wholesalers to sell fast.

How to sell a house for cash without a Realtor?

Companies that buy houses for cash can help you sell your house fast. However, these companies offer a lower than market price for your house.

Is it hard to sell a house by owner?

It can be overwhelming for a first time seller to manage the complex paperwork and negotiations. But a thorough research and planning can help you navigate the process smoothly.

What are the steps to selling a house without a Realtor?

Following steps should be taken when selling a house for sale by owner:

(1) Declutter and depersonalize your property.
(2) Make necessary repairs.
(3) Repaint interior walls.
(4) Organize closets and drawers.
(5) Make every surface shine.
(6) Eliminate bad odors.
(7) Clean up the landscaping outside.
(8) Make the front door inviting.

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