Save 6% of Your Home’s Price with For Sale by Owner

Real estate transactions usually involve two agents.

1. Listing agent: Represents seller

2. the Buying Agent: the buyer’s agent

These agents provide services and need a source of income; commissions provide this means of compensation. Typical commission splits in residential real estate are generally three percent between listing agent and buying agent for every transaction involving both agents; listing agents may find buyers without help from buying agents (which creates a potential conflict of interest you should attempt to avoid). Commissions are negotiable but rarely vary; additionally, any real estate company to which an agent attaches themselves usually takes a small cut as well.

It has been this way for an extremely extended period.

Times have changed, and listing agents (particularly listing agents) are less required than ever before with the internet’s wealth of data available on sites like Craigslist, Zillow, and Trulia making for sale by owner purchases easier – information no longer is an obstacle in being able to buy or sell property directly by owner.

Buying agents provide value by showing homes outside of showings and getting you access to them outside of showings – something FSBO sellers cannot do as easily. But listing agents are less useful unless you’ve relocated far away or lack time for showings (which they would likely kick you out for anyways), especially given how quickly homes are selling due to limited supply – why give away 3%-6% to someone else just like that?