The pandemic did little to slow the boost in home rates. In November 2023, the average home sale was $387,600,000, up 4% from the previous year, according to the National Association of Realtors.

In an effort to conserve on agent charges, some sellers have taken the "for sale by owner," or FSBO route. FSBO homes might be less expensive for potential buyers but the procedure can include its own distinct set of challenges. Let's talk about them.

Why Do Some Sellers Choose FSBO?

There isn't one set amount that sellers are required to pay their genuine estate representative, the National Association of Realtors ® states