For sale by owner

For Sale By Owner, or FSBO, is the process of selling real estate without representation by a real estate agent. There are many factors to weigh when considering selling FSBO v. hiring an agent. Will I price it right? Who will prepare the documents? Do I really have the time and patience for this? Will I get in legal hot water? One of the primary reasons owners choose to sell on their own is to avoid paying the real estate commission which can amount to a hefty sum. In the US the agent's fee is, on average, 5 to 6% of the selling price of the property which for a $290,000 home is between $14,000 and $17,000. These facilitators are state-specific and are becoming more common as more owners choose to sell on their own.