Selling your home on your own, without a real estate agent, is less and less popular. This is surprising, considering that home values ​​have skyrocketed and commissions have risen along with them.

The money that you will save can be significant enough to try and sell your home on your own. Especially when the market has historically low interest rates and high demand in most areas of the country.

However, to sell your home on your own, you are missing out on the most important marketing tool available to you. The Realtor Multiple Listing Service (MLS).

70% of all home buyers start on the web. That is why it is crucial for you to be in the MLS. But, the challenge has always been that to be in the MLS you have to sign with a Realtor at 6% of your sale price.

So if your house is worth $ 399,000. You would spend 6% on your sales commissions. Not to mention your title, escrow, and other expenses.

So if you sell your home on your own, you can save at least $ 23,940 ($ 399,000 x 6%).

But let’s face it. Most buyers work with a real estate agent.

So you will spend at least 2-3% commission from buyers.

I say you will spend because even if the buyer pays the agent as a buyer’s broker, that will still reflect a lower offer that takes commission into consideration. So you are paying the commission indirectly, right?

Also, you will find that you will have a much better reach in your market by being in the MLS.

So how do you do this? Well, depending on your state, you can list your home for a flat fee of as little as $ 500. But, it shows up in the MLS with no service.

But, you get the reach of all the buyer brokers who subscribe to the MLS and still save 2-3% off the price.