As you look for ways to retain the highest proceeds from your home sale, you may be wondering, “What does it take to sell my house by owner in Holly Springs?” Avoiding Realtor fees through the for-sale-by-owner (FSBO) route may initially seem like a smart strategy; however, there are some pitfalls to avoid, most notably the risk of a lower sale price. According to the National Association of Realtors (NAR), homes sold by owner sell for a median price of around $360,000, compared to $425,000 for agent-assisted sales — a difference of 18%. Depending on your situation, you could end up sacrificing up to $65,000 in proceeds in your effort to avoid $12,750 in Realtor fees (which is about 3% of a median-priced home). However, if you are feeling ambitious or are intrigued by the challenge of a DIY home sale, you’ll find this post a helpful step-by-step guide. We’ll also provide FSBO selling tips and explain your options, so you can make the most of your home sale.
For some North Carolinians, selling a house by owner offers the appeal of saving money on agent commissions. However, your savings may be less than you think. A landmark NAR court settlement helps clarify what you can expect. Historically, sellers paid between 5% and 6% of a home’s sale price to cover both the listing agent and the buyer’s agent fees. Buyers are now responsible for negotiating their own agent commissions. This means Holly Springs FSBO sellers might save around 2.5%–3%.Why sell a house by owner in Holly Springs?
