July 23, 2019
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1:52Now PlayingHow hard can it be to sell an apartment without a real estate agent? Here are some tips.
RelatedHow to save money air conditioning when it's so hot
A do-it-yourself kind of person with more than a decade of real estate coverage, I would take the lead and save some of the 6% commission that typically goes to the buyer’s and seller’s agents.
Somewhat surprisingly – given the potential savings – it’s not something many sellers try.
The percentage of for-sale-by-owner – or FSBO – sales fell to 7% last year nationwide, the lowest level on record since 1981 when the rate was 15%, according to the National Association of Realtors.
More than half of those sold to someone they knew, while just a mere 3% sold their homes to a total stranger, taking on a task handled by real estate agents every day.
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