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Originally Posted by sparky
These days you can get a lot of agents to cut their fees. And there are discount agencies. My ex sold his house himself, with a little advice from an agent friend. All you need is forms, and an escrow company. I guess I say that cause I have done it, but it isn't that hard. And the houses practically sell themselves.
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I agree, esp. if you live in a well travelled area and can put up a FIBO (For Sale by Owner) sign. You run into trouble in a condo in a mid or high rise as those buildings in general do not allow signs. You can also advertise in the paper, but that can easily hit $1,000 in a few weeks. Also, FIBO's tend to be way out of context with the price, but that is another story.
As for closing once you have the final P&S Agreement, the buyer can dump some of their mortgage costs on the seller depending on what was agreed to in the P&S Agreement.
Can you tell I have done this a few times
Sadly, I have never been able to do a FISBO - and thus pay the 7% when selling
