If you are considering selling your own property without the help of a realtor, there are some important things to remember, and I’ll try to cover most of them here. The standard practice of selling a home would involve a real estate agent doing most of the actual work. Currently, every seller in the country needs an expert, who knows the ins and outs of home selling. It’s definitely not for everyone and if the buyer has an agent you could end up having to pay something to them.

While buyers also pay closing costs (here’s more info on typical closing costs for buyers ), you’ll see a long column on the HUD-1 Settlement Statement for seller closing costs. You decide how to advertise, if you want to have an open house, when to show your home to prospective buyers, and how you want to negotiate with them.

As we mentioned earlier, working without an agent means you could end up selling your home for a lot less. Be a Pro – Someone shopping for a home is used to dealing with real estate agents, not Larry the Cable Guy. Since you are not using a Full Service Real Estate Agent to list your property, you will need to provide them to us, along with the rest of the MLS® listing information we need to list your property on the MLS® properly.

Enter your email address to receive alerts when we have new listings available for House for sale by owner. These homeowners are unsuccessfully trying to sell their house. Many of them will list your property on the MLS in exchange for a 3 percent commission, which is still better than the 6 percent you’d be paying by going the traditional route.

One way is to contact a real estate agent or broker to provide you with a CMA otherwise known as a comparative market analysis. A value estimate of your property, before you talk to agents. If still in doubt, consult with your VA mortgage specialist , your real estate agent, and possibly the seller.