DW and I are about to sell our single-family house in a desirable neighborhood in Boston, where inventory has been extremely low for at least a year and demand is healthy.
With these favorable market conditions, we are considering FSBO as a way of saving a nice chunk of change by paying no commission to a selling broker. We’re also confident we can make FSBO work through our social media leads (clearly we can get more of these leads with minimal effort) and through word of mouth. We’ll hire a lawyer to handle a few things and do the rest of the work ourselves.
Ideally, we’d do the sale without involving brokers on either side, saving us even more money. Short of that, we could do what someone on FDF has done (can’t find the thread), which is to stipulate to prospective buyers that the offering price is net of any buyer’s broker commission.
A few questions:
- How do we make sure things go smoothly in doing FSBO?
- What are the main issues we need to consider if no broker is involved on either side?
- Is it worthwhile to consider hiring a flat-fee broker instead of going FSBO?