Selling FSBO? Tally Your Closing Costs Without a Realtor
While selling For Sale By Owner (FSBO) eliminates agent fees, selling expenses still apply. Learn more about the closing costs without a realtor.
If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 9% to 10% of the final sale price.
Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission.
Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. All and all, FSBO sellers don’t save as much money on their home sale as you might expect — just one reason why only 6% of sellers chose to sell their home without a real estate agent in 2023.
Reduce Closing Costs With a Cash Offer
HomeLight’s Simple Sale platform provides you an all cash offer for your home, helping you avoid both a listing agent’s commission and reduce closing costs.
We’ll break down FSBO closing costs line by line to prepare you for the sticker shock. Our analysis includes data from nationwide studies and surveys, government revenue websites, and on-the-ground insight from top Louisville, KY, agent, Jay Pitts, who has more than a decade of real estate experience.
