How much overhead cost is there to perform a for sale by owner on a house?

Based on a 6% commision total, is there really a benefit to a for sale by owner on a residential house?How much overhead cost is there to perform a for sale by owner on a house?
If you can do everything yourself (other than the legal work, which you have to pay for anyway), you'll save 6% minus any advertising. If the work is worth the money, go for it. Since 99% of people selling real estate don't know any more about selling than you do (maybe less), you have a shot. (In this county, one real estate school [yes, there are such things] says, on the first day of classes - ';There are 6 real estate agents in this county ... 6,000 people with real estate licenses, but only 6 real estate agents.'; It may not be that bad, but I doubt if there are more than a dozen real agents (salespeople who know how to close a deal, and are currently selling real estate, not cars or appliances).





If you take a few salesmanship books from the library, and study them, you should out-do most ';professionals';. (Learn what ';sell the sizzle, not the steak'; means - and sell the sizzle in your house, not the house. I've sold 50'; TVs [when they cost $4,000 and up], boats, RVs - they all came with houses, but I wasn't selling the house. To much competition.)How much overhead cost is there to perform a for sale by owner on a house?
To sell your house you need to be able to advertise, hold open houses, run credit checks on potential buyers, be available to show the house during the day. Deal with mortgage lenders, inspectors and appraisals. A lot of paperwork. I would up the sale price to include the commission and hire a pro
In order to sell your home, the only thing you really need to spend is on advertising to start with. But if you really want to get the best value for your home you should ask an appraiser how much your home is worth, that will run you anywhere from 200. to 400. depending on who you use. A home inspection is also a good idea unless you already know your property condition. Once you have a buyer, the buyer normally opens escrow with his own deposit. You will have costs once you sell your home, like title fees, taxes, your share of the escrow and a few other costs but normally that will come out of your escrow account (talk to a local escrow company they can give you a list of fees that is charged. Also when negotiating with a buyer you may have to pay for his costs depending on how strong or weak of a buyer you have or how desperate your are to sell. Also if you choose to sell your home to a buyer with an agent you more than likely will have to pay a commission to his agent. Again most of these fees can be paid out of your proceeds at the closing of escrow.





****Talk to the escrow company that is going to handle your transaction. They should have more info. for you.****