Many believe that going through a Realtor is the only way to go if you are trying to sell your home. I am not of that mindset. I liken it to an experience I had with a repair man recently. It cost me about $300 to get my washer and dryer fixed. I had the opportunity to watch everything he did and he was nice enough to explain each step. It took him about 20 min to replace the old part with the new part. The part cost about $40 and the rest was for the labor. As soon as he was done, I realized I could have done that myself and I would have saved $260.00. The bottom line is that if I would have taken the time to research the system, maybe get a manual, I would have saved myself that money. However, what I would have not saved myself is the time. But that is just the thing, I didn't have the time to do that research on top of the million other things I had to do.
There was another time that I decided to install a garbage disposal on my own to save the $50. Eight hours later and after multiple trips to Home Depot, I decided it would have been worth to pay the $50. I am sure that expert could probably have done it in about 30 min, since they probably had all the tools they needed in their vehicle and having installed hundreds of garbage disposals would have known exactly what to do.
So if you have the time and the inclination, by all means do the FSBO. As an FSBO you will have to spend a lot of money up front to get the type of advertisement you will need to properly expose your property. Remember a Realtor has access to the MLS which automatically exposes your property to thousands, if not millions of buyers. An FSBO will also require a lot of research and time, but it is not impossible to do it on your own.
Realtors like a plumber, already have a tool box of "materials" that they need to sell your property, not to mention the knowledge they have acquired. So what may seem like an easy, effortless job to the outsider ( just list your house in the MLS and do an open house), there is a lot of training and learning that goes with this job. We spend countless hours going to workshops, classes, just to learn the latest trends. We read up on the latest real estate news, what today's buyers are looking for, what the best types of advertisements are--we network. When you pay a commission to us, you are paying for our knowledge plus all the other services, such as the open houses, negotiating, etc.
My advise to anyone that wants to get the best price for their home, but doesn't have the time required to do an effective FSBO, is to interview different Realtors. Ask for references. You want to find the Realtor that will give your home the most effective and maximum exposure--someone that you know is working hard to get your home sold.