In the US, the average real estate commission is around 5-6% of the sale price, which can be up to $15,000 or more on a $250,000 house.
Selling a house directly to a cash buyer can complete the transaction in as little as two weeks, compared to the average 60-90 days with a traditional realtor.
For Sale By Owner (FSBO) arrangements allow individuals to handle the sale themselves, saving on commission fees but requiring more effort and expertise.
In the US, 58% of homeowners spend an average of $1,500 on home staging to increase selling appeal.
Real estate attorneys can facilitate a sale, offering more control and potential cost savings, but may charge between $100 and $400 per hour.
The most common way to sell a house without a realtor is to list it FSBO and sell it on your own, but this requires preparing the home, marketing, and negotiating with potential buyers.
Closing costs on a new house can range from 3% to 5% of the purchase price, amounting to thousands of dollars.
Average hourly fees for real estate attorneys range between $100 and $400, depending on location and expertise.
According to the National Association of Realtors, 92% of buyers use online resources during their home search, making online marketing crucial for selling a house quickly.
Selling without a realtor saves the listing agent's fee, which is typically 2.72% of the home's final sale price, but buyers may also have their own agent, adding another 2.65% to the total commission.
Researching a home's market value and setting a competitive listing price is crucial for attracting serious buyers and avoiding lowball offers.
Selling without a realtor allows for greater control over the process, including the timeline, pricing strategy, and marketing approach.
Cash buyers often make immediate offers and can complete the transaction quickly, usually within a couple of weeks, but may offer lower prices due to the convenience.
Individual sellers can save thousands of dollars in commission fees by selling their house directly to a cash buyer or using a FSBO arrangement.
According to the National Association of Realtors, 77% of home sellers end up working with the first agent they contact, highlighting the importance of choosing the right real estate professional if you do decide to use one.