How to Sell a House By Owner in Nevada (2021 Update)

By 

Clever Real Estate

Updated 

March 6th, 2021

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Selling a house For Sale by Owner (FSBO) in Nevada can save you 2.4% to 5.8% in realtor commissions. But prepare for a lot of work, including filing the required paperwork and learning about your local market to make the most from your sale.

In Nevada, the average commission rate is 5.0% to 5.8%. If you sell a house worth $320,000 — the median home value in Nevada — that’s up to $18,500, which is a huge chunk of your potential profits.

Selling without a real estate agent, known as listing For Sale By Owner (FSBO), is a viable option for experienced home sellers who are willing to put in the time and effort.

Key Benefits of Selling FSBO
  • Direct control over how your home is sold, including the pricing strategy, showing schedule, and negotiation process.
  • No listing commission, which could save you 2.6%, based on the Nevada average.
  • FSBO sellers who find a buyer without an agent, save an additional 2.8%, the average buyer's agent commission rate in Nevada.

However, selling FSBO has risks. Research shows that FSBO homes typically sell for about 6% less than those listed with agents. In addition, FSBO homes often take longer to sell, and are more likely to fall out of contract after accepting an offer — unless the homeowner is experienced and knowledgeable about the process.

In this article, we’ll explain everything you need to know to successfully sell your house without a realtor: the ins and outs of Nevada realtor fees, paperwork, and tips to walk away with more from your sale.

What FSBO Sellers in Nevada Need to Know

Real estate laws, processes, and trends vary greatly across the country. Understanding the details of your market and getting accurate information can make a FSBO sale complicated.

We'll go into more details about what you need to do in Nevada, but here's an overview of the state's laws and regulations.

Nevada FSBO Overview

Real estate attorney required?
No
Required state disclosures? (learn more)
  • Seller’s Real Property Disclosure Form
  • Flood Zone Statement
  • Lead-Based Paint Disclosure
FSBO yard sign allowed?
Yes
Competitive Buyer's Agent Commission (learn more)
2.6% to 3.0%

How to List Your Nevada Home for Sale by Owner

Once you've decided on a price, it's time to write a listing description that speaks to local buyers. Understanding their priorities will help you identify what features of your property to highlight in your listing and attract more interest.

Top Buyer Priorities in Nevada

Nevada Buyer Priorities
Advice for FSBO Sellers
1. Listing Price
Be honest about your list price. Look at recent sales data in your area on Zillow or other real estate sites to find an accurate price point for homes of comparable size and condition to yours. Many real estate companies will also conduct an analysis for little to no charge.
2. Recent Renovations
Be specific about large updates you’ve made in the last 5 years, such as rewiring electric, putting in a new roof, or installing a new furnace. List exactly when the renovation was done, roughly how much it cost, and what its current condition is today. This will give buyers peace of mind that they won't have to worry about big issues any time soon
3. Architectural Style of Home
In your listing description, talk about any unique architectural features that could set your home apart. If your home was built by a known architect, has original flooring or doors, or has any historical value, be sure to mention it. Also, point out what takes your house to the next level. For example, older homes can be beautiful, but energy inefficient. Highlight upgrades you made like new windows that will save buyers hundreds in heating costs.
Based on a 2020 Clever survey of 500+ real estate agents

When it comes to advertising and posting your listing, you have several options as a FSBO seller. Each choice has its own pros and cons as well as costs:

  • For Sale By Owner yard sign: You can buy a sign from most hardware stores or online for $20-$50. Be sure to choose one that allows you to add your phone numbers so interested buyers can contact you for property information and showings.
  • Craigslist: Posting your home on Craigslist is free and simple. Just go to the Nevada page, find your city, and create a "real estate — by owner" listing.
  • FSBO websites: There are multiple FSBO listing websites that allow you to post your home for free or a few hundred dollars. But each differs in how many photos you can include, how long the listing is live, and the changes you can make — do your research before choosing a for sale by owner site.
  • Flat-Fee MLS companies: Flat-fee MLS services will list your house on your local Multiple Listing Service (MLS) for significantly less than a realtor. However, they provide few additional services unless you opt for their most expensive packages, which often cost more than using a discount brokerage.

If you choose to use a flat-fee MLS company, you'll have to offer a buyer's agent commission. The MLS is how real estate agents find homes for their clients, and typically a buyer's agent commission is included to incentivize these realtors to show the house to their clients.

List with a top agent for just $3,000 or 1%.

Sell your home for top dollar and save on commission.

How Realtor Commissions Work In Nevada

Traditionally, both the buyer's agent and the listing agent are paid a commission by the homeowner. When sellers work with a realtor, they negotiate a commission as part of the listing agreement.

Based on the average commission rates in Nevada, this typically ranges from 2.4% to 2.8% of the sale price.

In a typical sale, the seller also agrees to a commission rate for the realtor who brings the buyer to the table, which runs between 2.6% to 3.0%.


Average Range in Nevada*
Average Amount⁺
Listing Commission
2.4% to 2.8%
$7,680 to $8,960
Buyer Agent's Commission
2.6% to 3.0%
$8,320 to $9,600
*Based on the average commission rates from a 2020 Clever survey of 500+ real estate agents
⁺Based on typical home value in Nevada (Zillow Data Center, October 2020)

As a FSBO seller, you automatically avoid paying a listing commission. However, there is a solid argument for offering a buyer's agent commission.

A buyer’s agent's commission is an incentive for realtors to show your house to their clients. If you don't offer a commission that is competitive compared to similar homes in your area, then your home could be shown less. Agents may prioritize taking buyers to homes with a commission.

The best way to avoid paying any commission fees is to sell to an unrepresented buyer. However, know that nearly 87% of buyers work with a realtor. If you decide not to offer a buyer's agent commission, you may severely restrict your pool of buyers.

>> LEARN how real estate commissions work

How Commission Costs Break Down in Nevada


FSBO w/ a Represented Buyer
FSBO w/ an Unrepresented Buyer
Listing w/ an Agent
Listing w/ a Discount Agent
Sale Price*
$300,800
$300,800
$313,000
$313,000
Listing Commission⁺
$0
$0
$8,320
$3,000
Buyer Commission⁺ 
$8,422
$0
$8,960
$8,960
Total Profit
$292,378
$300,800
$302,720
$308,040
*Based on median home value in Nevada  (Zillow Data Center, October 2020) and that FSBO homes sell for 6% less (Collateral Analytics, 2017)
Based on the average commission rates in Nevada (2020 Clever survey of 500+ real estate agents)

Paperwork to Sell a House by Owner In Nevada

Once you find a buyer for your house, it's time to start the closing process. In a typical real estate transaction, your agent will make sure you fill out all the necessary documents and forms. As a FSBO seller, you'll have to navigate the paperwork by yourself.

This process varies by state — here’s a quick breakdown of Nevada’s requirements.

Required for All Nevada Real Estate Sales

2 Forms of ID
In most cases, a valid passport, driver's license, or other form of Nevada-issued ID.
Copy of Purchase Agreement and Any Addendums
Copy of the original, signed sales agreement as well as any agreed upon changes.
Closing Statement
A detailed list of all the costs associated with the sale and who pays them. This is often prepared by your escrow agent or title company.
Signed Deed
To legally transfer your property, you'll need the deed that proves you're the rightful owner. At closing, you'll sign the deed over to the buyer.
Bill of Sale
This is basically a receipt that includes both your information and the buyer's. It will also list the final price of the home and what was included in the sale.
Affidavit of Title
A notarized document that states you own the home, that there are no liens on the property, that you are not simultaneously selling the home to someone else, etc.

Possible Additional Documents

Loan Payoff Information
If you have a mortgage on your home, you'll need documentation of exactly how much you still owe and any payoff fees. If you've already paid your mortgage in full, you'll need documentation proving that.
HOA Forms and Guidelines
If your home is part of an HOA, you'll need to give the buyer documentation on the HOA's Covenants, Codes, and Restrictions, financial history, required fees, approval process, etc.
Survey Results or Survey Affidavits
A survey (or an affidavit verifying a previous survey) proves exactly where the property lines are.
Home Inspection Results
If you had a pre-sale inspection, you'll want the results to compare to the buyer's inspection. If having a buyer inspection was part of the sales agreement, you should receive a copy of the results before closing.
Proof of Repairs or Renovations
Documentation proving any major repairs or changes to the house help verify its value. These receipts also provide the buyer with information about who to contact if they discover issues with the repairs in the future.
Home Warranty Information
The home warranty service agreement will explain what is covered, for how long, and any costs associated with the policy.
Copies of Relevant Wills, Trusts, or Power of Attorney Letters
If you are selling an inherited property, you'll need copies of all legal documents that passed ownership to you.
Relevant Affidavits (Name Affidavits, Non-Foreign Affidavit Under IRC 1445, etc.)
You may need additional affidavits like a name affidavit (which lists all of your or the buyer's previous names) or an affidavit proving you are not a foreign citizen and therefore exempt from certain property sales taxes.
Closing Disclosure 
If your buyer is taking out a mortgage and you agreed to certain seller's concessions, you may need a copy of their closing disclosure to verify the lender approved your concessions.
Correction Statement and Agreement
In the event forms are lost or errors are discovered in the future, a correction statement and agreement requires you, the buyer, or their lender, to replace or fix those documents if need be.

Nevada Disclosure Forms

The seller disclosure statement details any known issues with your home and its major appliances and systems.
Flood Zone Statement
With some mortgages (like federally backed ones), your buyer's lender might require information of the property's flood risk.
Lead-Based Paint Disclosure
Federal law requires that if your home was built before 1978, you disclose information about the dangers of lead-based paint to your buyer.

Many closing documents are legally binding agreements. Any errors can derail your sale and cost you thousands in fees or in costs to re-list your house.

To avoid an expensive mistake, consider hiring a real estate attorney. While this can cost $500-$5,000, an experienced lawyer can answer any questions you have along the way.

FSBO Pros and Cons

Before deciding to sell your home by owner, weigh all the pros and cons to make the right choice for your situation.

Pros

  • More control: As a FSBO seller, you can decide the price, listing timeframe, showing schedule, marketing strategy, negotiation tactics, and more.
  • No competition with other clients: Some agents take on more clients than they can handle, which could mean not getting the attention you need to meet your home-selling goals.
  • Lower commission: As a FSBO seller, you could sell your home without paying any commissions. Based on Nevada's average commission rates, that could leave 2.4% to 5.8% of your sale price in your pocket. Even if your buyer has an agent, you'll still avoid paying 2.4% to 2.8% in listing commissions.

Cons

  • No MLS access: Unless you pay for a flat-fee MLS service, your home won't be on the local MLS. Most agents use MLSes (not Zillow and Trulia) to find properties for their clients and most buyers work with a realtor. So if you're not on the MLS, fewer buyers will see your listing.
  • Risks of inaccurate pricing: Many FSBO sellers find it difficult to be objective when pricing their house and list for too much. If you make this mistake, you won't attract buyers and the listing will become stale. Eventually, you could be forced to accept a low offer or take your home off the market and relist with an agent.
  • Safety issues: As a FSBO seller, it will be your responsibility to show your home to prospective buyers. Not everyone is comfortable being alone with strangers in their homes since incidents such as theft or harassment can occur. Make sure to gauge your own comfort levels before deciding to sell FSBO.
  • More work and stress: Selling a home is a full-time job. Trying to cram all the steps and responsibilities into your schedule is a hassle many FSBO sellers aren't prepared for.

FSBO Alternatives to Consider

If saving money is your main reason for selling your home by owner, there are alternatives. Consider the following lower-cost options (listed from least expensive to most):

Flat-Fee MLS Services in Nevada

As mentioned before, a flat-fee MLS service will post your listing on the local MLS, usually for a low, upfront fee. In Nevada, this will typically cost you a couple hundred dollars.

Here are some Nevada flat-fee MLS companies to compare:

Vegas Flat Fee

Vegas Flat Fee

Price Range

$999-2,299+

Number of Photos

35

Listing Term

6-12 months

Description
Pricing
Pros & Cons
Reviews
  • Vegas Flat Fee is a flat-fee MLS service operated by Executive Realty Services, a licensed real estate brokerage in Nevada
  • You set buyer’s agent commission (Vegas Flat Fee recommends 2.5-3%) — no buyer’s agent commission if you find your own unrepresented buyer
  • Home valuation available
  • Unlimited changes to MLS listing (typically go live within 24 hours)
  • Additional transaction/compliance fee due at closing
  • Cancel your listing anytime — refund if cancellation occurs prior to listing going live on MLS
$999 + $495 at closing - Silver Package
  • 6-month listing on the MLS
  • 35 photos
  • Listing syndicated to Realtor.com, Zillow, Trulia, and more
  • Listing posted to company Facebook page with virtual tour
  • Home value analysis
  • Unlimited changes to MLS listing
  • For sale sign and lockbox
  • Text notification of showings
  • Review of offers, counteroffers, and addendums
  • Provide all necessary forms
  • Flyer and virtual tour
  • Webpage for your listing
  • Unlimited email, text, and phone broker support











$2,299 + $795 at closing - Gold Package
  • Same as Silver package, plus:
  • 12-month listing on the MLS
  • Listing advice from broker
  • Showcase listing on Vegasflatfee.com
  • YouTube video of your listing
  • Professional Photography (15 photos)
  • Weekly status of your transaction
  • $795 transaction/compliance fee at close of escrow
4.5% commission + $495 due at closing - 4.5% When Home Sells package
  • Same as Gold package, plus:
  • Full representation to handle all showings, negotiations, paperwork, inspection, closing, and everything that pertains to the transaction from start to finish
  • Split 4.5% commission with buyer’s agent
  • $495 transaction/compliance fee at close of escrow


Rental Package for rental properties can be purchased for $499. A-la-carte services available for purchase include professional photos, broker support, and an additional 6 months to listing.

Pros

  • Home valuation included in base package
  • Unlimited changes to MLS listing
  • Built-in review of contracts, offers, counteroffers, and addendums

Cons

  • No budget option — entry level package is pricy
  • Additional $495-$795 transaction/compliance fee at close of escrow
  • If Executive Realty Suites finds a buyer for you, they reserve the right to represent them and collect 2.5-3% buyer’s agent commission, also known as dual agency (potential conflict of interest)

As of August 10, 2020, Vegas Flat Fee has an average rating of 5/5 based on 28 reviews across Facebook and Realtor.com.

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Resolution Realty

Resolution Realty

Price Range

$995-3,995

Number of Photos

N/A - information not available

Listing Term

Unlimited

Description
Pricing
Pros & Cons
Reviews
  • Resolution Realty is a licensed real estate brokerage in Nevada that offers flat-fee MLS listing services.
  • No upfront fees — you only pay if and when your home sells while it's listed with Resolution Realty
  • Provides home value analysis to help you determine the correct listing price for your home
  • No fee for canceling your listing
  • HD photography of your home's exterior included with basic package

$995 - Economy

  • MLS listing syndicated across Realtor.com, Zillow, Trulia, Redfin, and more
  • In-home listing consultation
  • Professional HD photography of your home's exterior
  • Help with all paperwork for the offer, escrow and the transaction
  • Yard sign and digital brochure

$2,995 - Premier

  • Same as Economy package, plus:
  • 35 HD photos from professional photographer
  • Professional virtual tour of your home
  • Direct marketing to Resolution Realty's proprietary database of 10,000 buyers
  • Social media and direct mail marketing
  • Electronic lockbox
  • Two open houses per month
  • Relocation rental assistance

$3,995 - Platinum

  • Same as Premier package, plus:
  • Custom website showcasing your home
  • Direct e-marketing flyer sent to 20,000 realtors and lenders
  • Discount escrow fees
  • Reduced commission on double-ended sales


Note: With all of Resolution Realty's packages, you are charged when your home sells — there are no upfront costs.

Pros

  • No upfront costs — you only pay when your home sells
  • Professional photography included with base package
  • Home valuation (CMA) included with MLS listing service
  • Help with paperwork regarding offers, escrow and other parts of the home sale transaction

Cons

  • No budget listing options — base package is $995

As of August 11, 2020, Resolution Realty has an average rating of 4.82/5 based on 687 reviews across Google, Zillow, and Yelp.


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Houzeo

Houzeo

Price Range

$275-399

Number of Photos

6 to max allowed

Listing Term

3-6 Months

Description
Pricing
Pros & Cons
Reviews
  • Houzeo is a flat-fee MLS referral service that connects you with Nevada brokers and agents who will list your home on your local MLS for a pre-negotiated rate
  • Draft your listing, upload photos, set your price, and sign MLS contracts via Houzeo’s online dashboard
  • Autofills listing details using publicly available info about your home to expedite the listing process
  • Home valuation not included in service
  • Does not require that you offer buyer’s agent commission
  • Listing is typically live within 24 hours of submission
$275 - Bronze
  • 3-month listing on MLS
  • 6 Photos
  • Virtual tour
  • $25 for each listing change
  • Syndicated to Zillow, Trulia, Realtor.com, and more
$299 - Silver
  • Same as Bronze plan, plus:
  • 6-month listing on MLS
  • 24 Photos
  • 10 free listing changes
  • Select and communicate with Escrow Agent
$399 - Gold
  • Same as Silver plan, plus:
  • Max photos allowed by MLS
  • Federal and state disclosures forms













Pros

  • Free cancellation anytime (no refunds)
  • Freedom to specify any buyer’s agent commission
  • Listings typically go live within 24 hours

Cons

  • Limited coverage in rural areas
  • “Free changes” only apply to listing price, status, and property description; $10 for additional changes

As of August 10, 2020, Houzeo has an average rating of 4.8/5 based on 21 reviews on Google.

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>> LEARN about flat-fee MLS services in Nevada

Clever Real Estate

Clever is a nationwide real estate service that connects sellers with top, local agents. You pay Clever nothing and only pay your full-service agent $3,000 (or 1% on homes over $350,000) if and when your home sells.

Listing Fee

1% (minimum $3,000)

Clever Cash Back

0.5% on homes over $150,000

Avg. Customer Rating

4.8/5 (386 reviews)

Description
Locations
Pros & Cons
Reviews
  • Clever Real Estate is a nationwide, online concierge and agent matching service for sellers and buyers — learn more
  • Buyers and sellers are matched with multiple highly rated agents from major brands, such as Keller Williams, Century 21, Compass, RE/MAX, and more
  • Sellers choose a full-service agent and pay a flat, $3,000 fee — or just 1% for homes more than $350,000
  • Buyers may be eligible for 0.5% back after closing (in qualifying locations)

Clever has pre-negotiated lower commission rates with top agents in all 50 states, D.C., and Puerto Rico

Pros
  • Listing fee of $3,000 (or 1% on homes >$350K) for a full-service agent
  • Sellers only pay once their home is sold
  • Partner Agents are top, local realtors with at least 5 years experience
  • Agent matches are customized and based on your specific situation
  • Eligible buyers receive 0.5% in Clever Cash Back
Cons
  • Sellers may not be matched with an agent from their preferred brokerage
  • While homes are listed on the MLS, there's no independent Clever listing site.







As of May 20, 2020, Clever's average customer rating is 4.8/5 based on 386 reviews on Trustpilot.

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>> LEARN more about Clever Real Estate

Discount Real Estate Services in Nevada

While pricing and services vary, discount real estate companies will help you sell your house for less than a traditional realtor. In most cases, you'll still need to offer a competitive buyer's agent commission, but you'll save on listing fees.

Homie Real Estate

Home Real Estate

Listing Fee

$1,500-$2,500

Buyer Rebate

Up to $5,000

Avg. Customer Rating

4.3/5 (978 reviews)

Description
Locations
Pros & Cons
Reviews
  • Homie is a real estate brokerage operating across the state of Utah, and in Phoenix, AZ and Las Vegas, NV
  • Sellers get full service for a flat listing fee: $1,500 in Utah, $2,500 in Phoenix and Las Vegas
  • Buyer's agent commission varies depending on whether the buyer is also a Homie client
  • Eligible buyers get up to $5,000 back at closing — though restrictions and exclusions apply (including Homie-2-Homie deals) — learn more
  • Homie offers additional in-house services for buyers, such as home insurance and mortgage broker services
  • Sellers and buyers can also find recommended local service providers via Homie's Provider Marketplace

Homie is available throughout Utah and in Las Vegas and Phoenix. The total amount sellers pay varies by location.

Location
Listing FeeBuyer's Agent Fee*Buyer's Agent Commission**
Utah$1,500$1,3002.5-3%
Las Vegas$2,500$2,0002.5-3%
Phoenix$2,500$2,0002.5-3%

*If your buyer is a Homie buyer

**If your buyer is not a Homie buyer

Pros
  • Sellers get full service for a flat $1,500-$2,500 listing fee
  • Additional savings when you sell to a Homie buyer
  • Qualifying buyers get up to $5,000 back at closing
  • In-house legal team offers assistance with contracts and negotiations
  • Offers in-house mortgage and insurance broker services — learn more

Cons
  • $199 cancellation fee
  • Salaried agents could be less motivated to sell your home for top dollar
  • Homie-2-Homie deals lead to dual agency, which is a potential conflict of interest for buyers
  • A percentage-based buyer rebate may be a better option with more expensive homes
  • No buyer rebate if you buy from a Homie seller

As of May 20, 2020, Homie's average customer rating is 4.3/5 based on 978 reviews across Google, Facebook, Zillow, and Yelp.

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Redfin

Redfin

Listing Fee

1-1.5% (min. fees apply)

Buyer Rebate

Avg. $1,500 (where availabe)

Avg. Customer Rating

3.2/5 (243 reviews)

Description
Locations
Pros & Cons
Reviews
  • Redfin is an online listing portal and multi-state real estate brokerage operating in 80+ markets across the United States
  • Sellers get full service and support from a Redfin agent for a reduced listing fee (rates and minimums vary by location)
  • Redfin agents are salaried. Since they do not work on commission, there is no incentive to get sellers the highest sale price — learn more
  • RedfinNow — Redfin's iBuyer program — makes all-cash offers on qualifying homes in 10 markets for a 7% service fee (but no additional commission)
  • Buyers in select markets might be eligible for a home buyer rebate — learn more
AshevilleHouston*
Orlando
AlbanyIndianapolis
Palm Beach
AtlantaInland Empire*
Palm Springs
Austin*Jacksonville
Philadelphia
Birmingham^Kansas City^
Phoenix
BoiseKnoxville^
Pittsburgh
Boston
Lake Tahoe
Portland, OR^
BuffaloLas Vegas*Raleigh
CharlotteLittle Rock^Rhode Island
ChicagoLos Angeles*Richmond
CincinnatiLouisiana^Sacramento
Cleveland^Louisville^Salt Lake City
ColumbusMarylandSan Antonio*^
ConnecticutMemphis^San Diego*
Dallas*MiamiSan Francisco
DelawareMinneapolisSavannah
Denver*Nashville^Seattle
Des Moines^Nebraska^South Carolina
DetroitNew JerseySouth Texas^
El Paso^New MexicoSpokane
FlagstaffNew York CitySt. Louis^
Fort MyersNortheast VirginiaTampa
Grand RapidsNorthern New EnglandTucson^
Hampton RoadsOklahoma^Washington, D.C.
HawaiiOrange County, CA*Wisconsin^

*Also a RedfinNow location

^No home buyer rebate available

Pros
  • Sellers get full service and support for a discounted rate of 1.5%
  • Rate drops to 1% when you sell and buy with Redfin
  • Access to a variety of online tools and services, including virtual showings, paperwork, closing, and more
  • Commission rebate offered to eligible buyers in select markets
Cons
  • Only available in ~80 U.S. markets
  • Minimum listing fees can result in paying more than advertised 1-1.5% rate
  • Choice of agents is limited to Redfin's in-house team or local partners
  • Local partners don't necessarily adhere to Redfin's discount pricing model

As of May 20, 2020, Redfin's average customer rating is 3.2/5 based on 235 reviews across Yelp, Google, and Consumer Affairs.

*These reviews are for Redfin's Seattle, WA office. Reviews may vary by location.

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REX Real Estate

REX Real Estate

Listing Fee

2% ($9,000 min.)

Buyer Rebate

Up to 1-1.5%

Avg. Customer Rating

4.6/5 (536 reviews)

Description
Locations
Pros & Cons
Reviews
  • Sellers get full service (minus MLS access) for a 2% listing fee — $9,000 minimum fee for homes below $450,000
  • REX does not post listings on the MLS. Instead, it uses digital advertising to target unrepresented buyers and help you avoid paying a buyer’s agent commission (typically 2-3%)
  • This may significantly reduce your pool of prospective buyers (roughly 87% of buyers work with agents), making it harder to attract offers
  • Represented buyers must cover their agent's fee themselves, which could hinder their ability or desire to purchase your home
  • If you buy a non-REX home with a REX agent, you may qualify for a 1-1.5% commission rebate. If you buy a REX-listed home, you are not eligible for a rebate
Arizona
California
Colorado
New Jersey
New York
Florida
North Carolina
Georgia
Pennsylvania
Oregon
Illinois
Texas
Maryland
Vermont
Massachusetts
Virginia
Nevada
Washington, D.C.
Pros
  • Save up to 1% on listing fees
  • Potential to avoid buyer’s agent commission (2-3%)
  • Get full service (minus MLS access) and concierge support



Cons
  • $9,000 minimum may result in listings fees higher than advertised 2%
  • Not listing on the MLS significantly reduces your home's visibility
  • Not offering a buyer's agent commission puts you at a competitive disadvantage

As of May 20, 2020, REX Real Estate’s average customer rating is 4.6/5 based on 536 reviews across Zillow, Facebook, and Google. See the breakdown below.

>> VIEW REX’s Better Business Bureau profile here.


*These reviews are for REX's main California office. Reviews may vary by location. We recommend conducting your own research for customer reviews specific to your area.

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>> LEARN about discount real estate services

iBuyers

iBuyers will buy qualifying homes for cash, meaning you avoid realtor fees — and the stress of listing on the open market entirely. While these companies make fair-market offers, they will deduct any required repairs after an on-site visit. They also charge a service fee typically ranging between 6-14%.

>> LEARN about iBuyers

5 Tips for Selling Your Home Without a Realtor in Nevada

Pulling off a FSBO sale successfully is a difficult feat to accomplish. Here are some helpful tips from Clever CEO and real estate investor Ben Mizes, who has experience listing homes without an agent.

1. Make Minor Repairs

Small upgrades and repairs can do a lot to sway potential buyers. The key is knowing how and where to spend your money to get higher offers. Simple DIY projects like a fresh coat of paint or new cabinet pulls have a high return on investment, whereas pricier improvements like adding a new bedroom may not.

Overall, the most important factor is knowing where the line is between necessary and over-the-top. You want your house to meet buyers' expectations.

"If your kitchen is a disaster, spending more money on a remodel to get it in solid condition will pay off in the end," said Mizes. "But spending money on high-end features to take it from good to extravagant will be a waste."

Also consider how valuable specific repairs are to buyers in your area. Focus on upgrades that have a higher cost recuperation in your region.

Home Repairs with Highest Resale Value in Nevada

Top Upgrades
Avg. Repair Cost
Avg. Resale Value
Cost Recouped
Manufactured Stone Veneer
$9,179
$9,175
100%
Garage Door Replacement
$3,626
$3,484
96%
Minor Kitchen Remodel
$22,472
$17,845
79%
Based on regional data from Remodeling (2020)

2. Price Your Nevada Home Competitively

When setting a price for your home, be sure to prepare well in advance. You'll need to do in-depth research about your specific part of Nevada to get a general range of what's a good price for a home. Also, look at the sales of homes that are similar to your house. This will help you narrow down what price will help you sell quickly.

Remember that a higher initial listing price does not necessarily lead to more profit in the end. Pricing lower may bring in multiple buyers and potentially start a bidding war, leading to a higher take despite a lower initial price. At the same time, pricing too low may make buyers believe there is something wrong with your home. Finding a balance is crucial to ensuring a quick and successful sale.

Bonus Tip: A pre-sale appraisal house gives you a more accurate starting point for pricing your home.

Based on our research, in Nevada, appraisals average a couple hundred dollars, but help you walk away with thousands more once your home is sold.

3. Stage and Market Your Home

Creating the right listing is one of the most important parts of selling your home. In the age of internet real estate listings, staging and photo quality matter. Listings with high-quality photos stand out.

First, you need to make sure every part of your home is clean and tidy. Next, you need to stage your property. When staging your home, you want the furniture and decor to be minimalist. It should help prospective buyers picture themselves in your home. Your furniture and decorative style may be perfect for you and your family, but that doesn't necessarily make your house more appealing to potential buyers.

Once your home is staged, you'll want to take your listing photos. A key part of selling a property is getting the right photographs for your listing. Make sure you have photos that give prospective buyers a thorough view of your home while emphasizing all of its best points.

Even if you have a great property in a good location, if the photos aren't flattering, it's going to be hard to get people out to see your home in person.

A good listing will emphasize all of the great things about your home and the area your property is located. Consider the types of features your local audience is interested in and emphasize those.

Bonus Tip: Hiring a professional stager can help alleviate some of the stress FSBO sellers go through. They know your local market and ensure your home is ready to impress, giving you one less thing to worry about.

Shop around to find out which local stagers offer reasonable rates and have a proven record of getting homes ready for sale.

4. Prepare for Showings

Organization is key when showing your home to potential buyers. You'll need a good system for scheduling showings and saving buyers' and agents’ contact information. You'll want to be flexible and try to show your house at buyers’ convenience.

Keep the home clean and decluttered at all times. The last thing you want is to scramble around with a vacuum after a buyer calls for a last-minute showing.

Also, focus on creating a homey atmosphere for buyers. You want to make a great first impression on as many buyers as possible, so add little touches that speak to most people.

"Bake cookies or light scented candles before a showing," advises Mizes. "Smell plays a huge part in how buyers will perceive and remember your house. Use comforting scents to your advantage so they feel at home the moment they walk through the door."

5. Negotiate for the Best Possible Price

Negotiations are about deciding more than the final sale price. You and the buyer (or their agent) will also have to agree upon contract contingencies, how closing costs are divided, the timeline, and more.

To gain the upper hand, get creative with the seller concessions you offer a buyer. While they might cost you a little more at closing, concessions sweeten the deal for buyers and could lead to a higher final sale price.

The most popular concessions vary from market to market. Knowing what works with buyers in your area will help you strengthen your offer.

For example, a 2020 Clever survey of over 500 real estate professionals found that in Nevada, sellers often cover 0.8% to 1.5% of buyers' closing costs. On a home of median value, that equates to $2,560 to $4,800, but can help you close the deal sooner and for more money.

You should also consider offering these popular seller concessions:

Most Common Seller Concessions in Nevada

Concession
Benefits of Offering Concession
Attorney Fees
Some buyers want an attorney to help them review the contracts — especially if they don't have a realtor. By offering to pay for the attorney’s fee, you can sweeten the deal for your buyer because a professional will be looking out for their interests.
Appraisal Costs
Most mortgage lenders require an appraisal before finalizing a buyer's financing. This can be a costly, upfront cost for the buyer, so offering a credit for the appraisal gives the buyer funds to cover other buying costs.
Mortgage Discount Points
While the cost varies between lenders, mortgage points lower a buyer's interest rate and can save them thousands over the years. If you offer to buy mortgage discount points, it can seal the deal for some buyers — especially with buyers who don't plan to move again for several years.

Conclusion: Is FSBO Right for You?

FSBO isn't a perfect fit for everyone. But now that you know what awaits, if you're feeling confident about all the steps and possible challenges, you might be ready to sell without a realtor.

Remember, to succeed at selling a house by owner you'll need to:

  • Make a plan: From getting photos of your property to lining up the correct paperwork, there’ll be a lot on your FSBO to-do list. Work out a schedule for when you need to accomplish everything so you can find a buyer and close in a timeframe that works for you.
  • Get ready to hustle: Attracting qualified buyers is hard work. You'll need a great listing description and a killer marketing strategy to generate interest. Also, prepare to spend a considerable amount of your time fielding calls from prospective buyers, handling showings, hosting open houses, and more.
  • Make smart investments: Even though your main goal as a FSBO seller is saving money, spending some money on small upgrades or repairs can lead to higher offers and a faster sale. Also, consider paying for a flat-fee MLS service to list your home on the local MLS to reach more buyers.
  • Seek some professional advice: You don't have to sign a listing contract to talk to a realtor. Professional agents understand that smart sellers weigh their options; they'll be willing to meet for a free consultation. After seeing your home and looking at comps, they might notice issues or advantages you overlooked. Once you've heard their advice, if you still want to sell by owner, you can do so confidently because you thoroughly explored all your choices.

If you'd like some professional guidance with no strings attached, Clever can help. Fill out your basic info below to connect with a top, local realtor for a no-obligation consultation.

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Additional Resources for Nevada Home Sellers