How to Sell a House Without a Realtor in Minnesota

selling a house without a realtor in Minnesota

Selling your home without a realtor means you won’t have to pay a listing commission, which in Minnesota averages 3.0% of the sale price. Considering a typical Minnesota house is worth about $326,000, that’s a savings of $9,682.

However, trying to sell a home For Sale by Owner (FSBO) can be tough. It will cost you a lot of time and energy.

In the end, selling a house without a real estate agent isn’t worth it for most homeowners in Minnesota. Especially considering there are low commission real estate companies that offer professional assistance for a lower cost.

If you’re considering FSBO in Minnesota, read on to find out everything you need to know to do it successfully.

✍️ Key Takeaways of FSBO Sales

Selling without a real estate agent means avoiding a listing commission (3.0% on average in Minnesota). But in exchange for those savings, you’ll have to do everything from advertising your home to negotiating the final deal.
In most cases, you’ll still need to offer a buyer’s agent commission. 2.7% is typical in Minnesota.
Selling without an agent is best for experienced sellers or people selling to family or friends.
For most sellers, there are better cost-saving options that will net you more money and provide professional support.

Should I sell my house without a realtor?

Not sure if FSBO is right for you? Use the checklists below to find out if selling your Minnesota home without a realtor is the best option for your situation.

✅ Selling without an agent might be right for you if…

You want to save on commission.

When you sell without a realtor, you won’t pay a listing agent commission. In Minnesota, that puts 3.0% of your final sale price back in your pocket. However, you will still need to offer a competitive buyer’s agent commission (2.7% is typical in Minnesota).

» LEARN: How realtor commissions work in Minnesota

You already have a buyer.

If you’ve already lined up a deal with a friend or family member, there’s no need to pay an agent to list your home on the MLS, host open houses, or negotiate on your behalf.

You have lots of time to spare.

Selling a house is a lot of work! You’ll need time to take on all the tasks a realtor normally handles.

You’re in a hot seller’s market.

If you’re in a high-demand area with low inventory, you could find a buyer relatively easily with just a flat fee MLS package or a “For Sale” in your yard.

Here’s how fast and for how much homes in Minnesota are currently selling for so you see how your local market compares.

Avg. days on market	Avg. listing price
35 days	$368,785

^{Based on data from realtor.com}

🚫 Selling without a realtor might not be right for you if…

You’re short on time.

If you’re on a tight deadline, hiring an agent might be your best option. You’ll have to squeeze home selling tasks into your nights and weekends — or make sacrifices elsewhere in your schedule.

You’ve never sold a home in Minnesota.

Without an agent, you won’t have any professional guidance about increasing your property’s curb appeal, pricing your home, or choosing the best offer.

We can’t say this enough: If you’ve never been through a Minnesota home sale or are facing a complicated transaction, do not try it without a real estate agent.

Making one mistake could cost you tens of thousands of dollars or create some serious legal headaches for you.

You want to sell for more money.

There are conflicting studies about whether FSBO properties sell for less compared to those sold by agents.

On the one hand, FSBO sellers are more likely to sell to friends or family and offer them a good deal on the home. This lowers the average price of homes sold without a realtor.

However, if a FSBO seller is inexperienced, they can lose money by pricing too low or scare away buyers by pricing too high.

If selling your home without a realtor sounds too risky or like too much work, you have other ways to save on commissions. You can work with a discount broker, save money, and not have to deal with the stress of selling without a realtor.

What does a realtor do in Minnesota?

Minnesotans planning on selling their property without a realtor will find it can be an uphill battle. Without a real estate agent, you must handle the entire home selling process on your own, which can be difficult if you don’t have the experience.

If you prefer to minimize your risks, then it's best to work with a local Minnesota agent. But if your confident in your abilities to sell, be prepared to cover the following parts of selling a home:

Prices homes competitively

If you’re earlier in the home selling process and just need a general idea of what your house is worth, you can plug your address into several free home value estimators.

However, an agent can provide you with a comparative market analysis (CMA) for a more accurate valuation. CMA home values are calculated based on the strength of your housing market, how much similar properties are selling for, new upgrades or renovations, and other variable factors.

To get an idea of how much home values can vary, here’s a comparison of different sized homes value in Minnesota.

Home size	Home value in Minnesota
2 bedrooms	$247,855
3 bedrooms	$312,018
4 bedrooms	$393,707
5+ bedrooms	$498,572

^{Based on Zillow data}

💰 What is my house worth? Get a free, instant home valuation

Connects you with local pros

Experienced agents have networks of the best professionals in the area. They can connect you with handymen, stagers, photographers, and other service providers so you don’t have to track down reliable pros on your own.

Lists your home

Working with an agent will get your property listed on the multiple listing service (MLS) database. This can only be accessed by real estate agents, who use it to find homes to show their clients. Without a realtor, you’ll need to pay a flat fee MLS company to list your property, or you will face a much smaller pool of potential buyers.

Finds potential buyers

An agent can market your home, schedule open houses, and follow up with people who toured your home.

Agents will also take care of negotiating with prospective buyers and dealing with paperwork to ensure the sale doesn’t fall through.

Cost of selling a house without a realtor in Minnesota

Below, you’ll find a list of prices for common services you might want to consider if you decide to sell without a realtor. However, know that if your home is in need of repairs or is in a buyer’s market, you might need to spend a lot more to prep and market your property.

💸 Common costs for FSBO sellers

Appraisal	$340 to $396	To price your home more accurately
Photography	$150	To compete with homes listed by agents
Staging	$1,000	To stand out to local buyers
Real estate attorney	$300 per hour	To assist with paperwork, contracts, and legal requirements
Flat fee MLS listing	$200 to $1,000	To get listed on the MLS
Buyer’s agent commission	2.7% of sale price	To compensate the agent that represents the buyer (it’s customary for the seller to pay)

^{Based on service estimates from across the country}

Overall, on average, it costs 7.5% of the home price to sell by owner and about 10% of the home price to sell with a real estate agent. However, the amount you’ll actually save will depend on repairs you need to make, concessions, and other expenses.

Use our calculator to get an idea of how much you can expect to spend if you sell without a realtor.

If you’re considering selling without a realtor in Minnesota, check out our friends at Clever Real Estate. Clever eliminates all the hassles and headaches of FSBO while helping you pay less than you would for a traditional realtor.

In Minnesota, sellers pay an average of 3.0% to a listing agent. Considering the median home value in Minnesota is $326,000, that amounts to $9,682. But with Clever, you can sell with a top local agent for just 1.5%, letting you keep more of your home’s equity in your pocket.

Minnesota FSBO paperwork and regulations

If you decide to sell without a realtor, you’ll be responsible for collecting, preparing, and filing all the correct paperwork.

» FIND: All the paperwork FSBO sellers need

But know that every state has its own laws and regulations for real estate sales — and Minnesota is no different. Here are some additional forms you may need to close on a house without a realtor in Minnesota:

6 steps to sell a home in Minnesota without a realtor

🤔 Did you know?

Less than 15% of buyers use FSBO sites to find a home.

FSBO websites like FSBO.com and Fizber aren’t popular ways buyers search for homes. If you’re looking for increased exposure, free online marketplaces like Facebook Marketplace or Craigslist might be more effective and economical options. Even better, if you have the budget, consider working with a flat fee MLS company to get your listing on high-traffic websites like Realtor.com and Zillow.

Source: 2022 Clever Real Estate Survey

1. Get your home ready to sell

Simple repairs, such as fixing a squeaky door or repairing dents in the drywall, can greatly improve the aesthetic appeal of your house. Outdoors, a fresh coat of paint, and some basic landscaping work can boost curb appeal.

You can also hire a professional stager to get your home picture-perfect for showings. While prices vary from city to city, in Minnesota it costs an average of $1,000 to stage a house.

High-quality photos of your property can make a huge difference when attracting buyers. Prices can vary based on your location, but in Minnesota you can expect to pay $150 on average for a session with a professional photographer.

2. Price your home accurately

Without a real estate agent, it can be difficult to accurately price your home. An appraisal is a professional assessment of a home to evaluate its condition and estimate its value. In Minnesota, an appraisal costs $340 to $396.

If you don’t want to meet with an agent or pay for an appraisal, and just want a quick ballpark home value estimate, we recommend using several free online home value estimators.

Comparing pricing estimates from multiple tools can get you an estimate that’s closer to your home’s fair market value — especially if one of the websites relies on inaccurate or outdated information.

3. List your home

There are plenty of free or affordable websites where you can list your home. However, purchasing a flat fee MLS package often gives FSBO sellers the best bang for their buck.

In Minnesota, this will cost you $200 to $1,000, but without a realtor, it’s the only way to get your property listed on the MLS — which is how most buyers find homes.

4. Show your home

Once buyers start contacting you, it’s important to have a system to track showing appointments and their contact information.

During a showing, be available to answer the buyer’s questions, but don’t follow them around from room to room. That can come off as overwhelming and scare buyers off.

5. Consider offers

Reviewing offers is about more than the price. You also need to consider whether the buyer’s moving timeline aligns with your own and what types of contingencies or concessions they’re asking for. Those parts of the offer will impact negotiations and how much you’ll actually walk away with.

6. Use a title and/or escrow company

It’s important to have a third party that will take care of collecting signatures and fees before and during closing. Often this will be your title company, but in some cases, you might have to find a separate escrow company to manage the money involved in the transaction.

Alternatives to selling without a realtor in Minnesota

For many people, trying to sell without an agent isn’t worth the hassle. If you think you’ll need some help along the way, here are a few other low-cost options.

Minnesota flat fee MLS companies

Getting your home listed on your local MLS is the best way to reach more buyers. The biggest home search sites (Zillow, realtor.com, etc.) all pull their listings from the MLS. Unfortunately, the only way to get your home on the MLS without a realtor is by purchasing a flat fee MLS package.

In Minnesota, this will cost you about $200 to $1,000. However, if you want more support from a real estate professional, there are better options.

💰 Service is an additional cost or not included in the basic package
	Real Estate Corners	Savvy Avenue	Minnesota Flat Fee MLS
Price	$299	$295-$495	$990-$149
Number of Photos	24	6-50	6-25
Listing Term	6 months	3-12 months	6 months
Pricing Assistance	💰	❌	❌
Negotiation Support	💰	❌	❌
Yard Sign	💰	❌	❌
Open Houses	💰	✅	❌

» READ: The Top Flat Fee MLS Companies in Minnesota

Minnesota discount brokers

Discount brokers are full-service real estate agents who are willing to work for a reduced commission rate. Sellers can save thousands while still receiving assistance from an expert local agent.

» READ: The Best Discount Real Estate Brokers in Minnesota

For discount broker services, we highly recommend our friends at Clever! Clever pre-negotiates with top agents to offer you low commission rates without compromising on service quality.

Frequently asked questions

Do I need a lawyer to sell my house in Minnesota?

No, it is not a requirement to have a lawyer to sell a home in Minnesota. While that may be the case, it is highly recommended to hire one anyway, particularly if you decide to sell FSBO. For a few hundred dollars an hour, you will have an expert to help you navigate the legal documents and ensure you won’t encounter any issues.

Is selling a house without a realtor worth it in Minnesota?

If you want to save some money, then selling without a realtor can be worth it. Selling FSBO will save you the 3% commission fee typically paid to listing agents, but this leaves you to handle the entire sales process. Many homeowners in Minnesota may find that it’s too time-consuming. For instance, home showings alone will take up a lot of your time — and that’s just one of the many tasks to complete. If you don’t have enough time to manage your property, then it’s better to hire a realtor instead.