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For sale by owner or FSBO listings have one key problem and one solid answer; sell. As with traditional closings, the FSBO real estate sale can take place at a title company office. And that person expects to get a commission, usually from the seller. It’s operated by the local Realtor association and when most buyers hunt for homes, they’re searching through the MLS listings.
The truth is that you do not need to sign a contract agreeing to pay a Realtor commission in order to receive either the CMA or a listing on the MLS. It’s paid by the seller and is split by the agent for the buyer and the agent for the seller — each gets 3 percent.
In fact, many have an acceleration or due-on-sale clause that requires you to pay off your mortgage when you sell your home. If you are a good negotiator and …