How to Sell a House By Owner in Nevada
Selling a home is already a challenging experience, but some Nevada homeowners want the experience of a challenge — that of learning how to sell a house by owner.
With millions of homes sold annually, a modest portion of sellers — about 7% — decide to list “For Sale By Owner.” If you’re one of these tenacious homeowners, this post provides a step-by-step guide to selling FSBO in the Silver State.
Whether for satisfaction or savings, we’ll break down the process and share additional selling options, including using a flat-fee listing service or requesting a fast, all-cash offer.
Note: Once you’ve seen what’s required, you can get started with your FSBO sale. Or — in the event you’d prefer to work with an agent — HomeLight would be happy to introduce you to highly-rated professionals in your Nevada market who can help you command top dollar and provide a high-quality selling experience.
How does selling by owner (FSBO) work in Nevada?
Disclaimer: This blog post is intended for educational purposes only. HomeLight recommends that you look into the real estate regulations for your area and consult a trusted advisor.
FSBO (pronounced fizz-bow) is a method of selling your home without the involvement of a listing agent. In a FSBO transaction, the seller assumes the responsibilities that would normally fall to their agent. These duties include pricing the property, marketing it to potential buyers, arranging open houses or showings, and negotiating the deal.
In an agent-assisted sale, the seller traditionally pays a commission amounting to roughly 6% of the sale price, which is usually split 50/50 with the buyer’s agent. That 6% is deducted from the seller’s proceeds at closing. By selling FSBO, a seller can eliminate the cost of the listing agent’s fee (approximately 3%), although they may still need to offer a buyer’s agent commission.
