When you prepare to sell your house in the city and learn about the commissions (up to 6%), it’s natural to ask – Can I sell my house without a realtor in NYC? And the answer is, yes, you can. It’s called For Sale By Owner (FSBO), and many people go there. However, whether you should sell without a realtor is a completely different question.
Selling A House Without A Realtor in NYC
A New York City broker/realtor does many things for you. They help you determine the right listing price based on the current market trends and recently sold comparable houses. Then, they create a listing for you, which includes taking professional photographs of the home. Realtors have access to a broader range of listings, so they can get your house more exposure/more eyes than if you list it yourself in FSBO listings.
When people see these listings, they contact their realtor and discuss or maybe book a time to see the property. If you have multiple buyers, the realtor can help you sort through them and take maximum advantage of the bidding war. When you select a buyer, the realtor can help you prepare for processes like inspections and appraisals. They also negotiate things for repairs in the house, credit for repairs, and discounts. And are with you till the closing process.
You can sell your house without a realtor in NYC if you are willing to do all these things. They require time and research and greatly benefit from experience, but if you are willing to put in this time and adequate effort, you can sell a house without a realtor.
However, it is worth noting that working without an agent may lower your chances of selling or selling at an optimal price and within a reasonable time frame. However, on the plus side, the process can help you save a significant amount of money on commissions. So, you have to weigh that benefit against the time and effort of FSBO and the potential lost opportunities to make an informed decision.
