The main reason why people become FSBO sellers is financial. The usual commission rate of an agent is 6%. For example, if your house is worth $300,000, the agent will get his $18,000. The sum isn’t small at all. But still others prefer hiring real estate agents. Why?
Such people think that only with help of brokers they can place their houses into MLS, a special directory of homes for sale. But in fact you can do it yourself.
As a rule, you will have to pay a flat fee for the listing. The fees are always much lower than realtor’s commissions.
But with the appearance of the Internet and its wide expansion, most buyers (about 75%) start their searching on the web. It means that you’d rather have an internet ad for your property on sale on special FSBO sites than have your property listed in MLS.