You’ll also be the one showing the house and negotiating the sale with the buyer’s agent, which can be time-consuming, stressful and emotional for some people. If you’re forgoing an agent, consider hiring a real estate attorney to help you with the finer points of the transaction and escrow . Even with attorney’s fees, though, selling a home yourself can save you thousands. Keep in mind, however, that the buyer’s agent will expect to be compensated, so you won’t be able to save the entire commission, as you’ll need to pay 1-3% of the home’s sale price to the buyer’s agent. (For more on this subject, see Cut Commissions With “For Sale By Owner” Sales .) Mistake No.4 – Setting an Unrealistic Price Whether you’re working with an agent or going it alone, setting the right asking price is key. Remember the comparable market analysis you did when you bought a home to figure out a fair offering price?