Learning how to sell a house by owner in Colorado Springs (FSBO) might seem like a smart way to avoid Realtor fees and keep more of your sale proceeds. However, the FSBO route can present potholes you’ll want to avoid — especially the risk of a lower sale price. According to the National Association of Realtors (NAR), FSBO homes sell for a median price of around $380,000, compared to the median selling price of all homes, which is $435,000. Depending on your situation, you could end up sacrificing $55,000 in proceeds in an effort to save $13,000 in commission costs. Even so, for some ambitious Colorado Springs homeowners, the appeal of selling by owner can be exciting. If you’re ready to take on the FSBO challenge, this guide breaks down the steps to follow. We’ll also provide helpful tips and suggest alternatives to help you make the most of your home sale. For some Coloradoans, selling by owner offers the appeal of saving money on agent commissions. However, your actual savings may be less than you think. A landmark NAR court settlement helps clarify what you can expect. Historically, sellers paid about 5%–6% of the home’s sale price to cover both the listing agent and the buyer’s agent commissions. Buyers are now responsible for their own agent commissions. This means Colorado Springs FSBO sellers might save around 2.5%–3%.Why sell a house by owner in Colorado Springs?
