FSBO: for sale by owner post Aug 2024 commission changes

[Edgar Perez]

I am considering putting my personal residence condo up for sale and am curious how the recent agent commission change in process impacts sellers in for sale by owners.  My understanding is previously the norm was sellers were still “expected” to pay buyers agent commission but now that the norm could be shifting is that still part of the buyer/seller negotiation?  How are we seeing this rule change play out in practice?

Tags: Kenosha Wisconsin fsbo agent realtor 

[Lynn McGeein]

@Edgar Perez it doesn't affect FSBO; just can't state commission amount offered to buyer's agent in MLS any more. If I were selling FSBO, I'd still probably price it to expect offers asking at least 2% in either closing costs or buyers agent fees, more if it's a good first-time buyer area. If you won't pay any closing or agent fees, I'd suggest stating that up front so everyone knows what to expect before showing or writing an offer. Saves everyone a lot of time.