If you have the time, then possibly. If not, you probably should not go this route.
The internet has made it easier though to do a For Sale by Owner (FSBO).
There are FSBO real-estate websites as well as other classified advertising sites, where you can get exposure to your FSBO. Some charge a nominal fee while others are free.
If you are doing a private sale, then you should have a For Sale sign to attract buyers who drive by or are seeing neighboring homes that are on MLS with their realtor.
The pictures you take with a good camera need to show the exterior and detailed interior of your home. Good photographs are imperative.
Some realtors depending on market conditions, will want to show your house, providing you will pay them a buyers’ commission and thus sign an agreement indicating so.
New realtors will cold call you attempting to list your home, especially if after a month it is still available, so be prepared for that.
While real-estate commissions are typically 6 or 7%, these are usually negotiable.
The reason the time constraint is so important, is you have to be there to show prospective purchasers your home, then step outside while they peruse your home.
Because you never get a second chance to make a first impression, the showing has to be presentable meaning clean and staged to sell. For example removing clutter and personal photos and such, so the prospective buyer can visualize living there,
In addition, you need to probe if the potential buyer as any interest ,whether they have a home themselves to sell first and if they are pre approved for a mortgage. If the buyer isn’t ready willing and able, you are wasting valuable time. This is probably the most important thing to do. If they contact you for a second showing, there is definitely interest and this is when that due diligence is vital.
You will save thousands of dollars on real-estate commissions if you sell sans a realtor, but you will still need to have an escrow company handle the closing, or if you live in a State that uses lawyers instead for the closing, then you still have some expenses. Even if escrow companies handle the closing, they don’t give advice on the purchase contract, so an attorney who handles real-estate and contract law is probably wise.
You need to have a title search done prior to putting your home on the market to make sure it is free from any unknown encumbrances and liens. This will cost a few hundred dollars though the escrow company will also handle this. You can do it yourself as well, but again it takes time.
The most important thing is to price your home below other comparable listed homes and recently comparable sold homes.
There is a plethora of free available data form your jurisdiction’s assessment rolls to give you recent comparable ‘solds’ and real-estate websites to give you current listing prices of available homes.
A buyer is likely to be attracted to your FSBO, if they see that its priced less, because your not paying a real-estate commission. Too many FSBO’s stay on the market tool long because they are not priced correctly.
Time is money and if you have a flexible schedule then doing a FSBO will save thousands of dollars. But if you don’t have time, then it makes sense to use a realtor.