There are many free or affordable websites where you can list your home. However, buying a flat-rate MLS package often gives FSBO sellers the best benefit for their money. In the end, selling a home without a real estate agent isn't worth it for most New York homeowners. In general, the landlord costs 7.5% of the home price and sell with a real estate agent about 10% of the home price.
In addition, Gonzalez says, agents are aware of local customs for selling a home, for example, if the buyer or seller normally pays fees such as transfer taxes and closing costs. But know that each state has its own laws and regulations for the sale of real estate and New York is no different. Selling without a real estate agent, known as a listing for sale by owner (FSBO), is a viable option for experienced home sellers who are willing to put in the time and effort. However, if an FSBO seller is inexperienced, they may lose money if prices are too low or scare buyers if prices are too high.
No, you don't need a lawyer to sell a house in New York, but it's a good idea to hire one, especially for those who sell without a real estate agent. If you don't want to pay 6% of your sales price to have an agent publish it for you, the best way to get it in the MLS (and everywhere else) is the flat-rate MLS. It's a difficult task to learn how to sell your home without a real estate agent and selling your home is probably one of the most important transactions of your life. If you don't want to pay real estate agent fees, you may be considering selling your home as a For Sale By Owner (FSBO).
Selling your home without a real estate agent means you won't have to pay a sales commission, which in New York averages 2.7% of the sale price. Instead of paying just a commission once the property sells, in this case, you'll pay for the listing whether or not the property sells. Searching for New York homes for sale online is another form of valuable research you can conduct to gather data. Below is a price list of common services that you could consider if you decide to sell without a real estate agent.
While prices and services vary, discount real estate companies will help you sell your home for less than a traditional real estate agent. If you have experience selling real estate and are sure you know your market, it may be worth selling without a real estate agent.