25 min read Jun 22, 2022

How to Sell a House By Owner in South Dakota? (2022 Updates)

how to sell a house by owner in South Dakota

The home values in Mount Rushmore State have spiked by 18.1% in the last year. The average real estate commission is 5 to 6%. That’s a significant sum you can save selling For Sale By Owner (FSBO). Heres everything you need to know about how to sell a house by owner in South Dakota,

» In this guide, we’ll cover:

How To Sell a House by Owner in South Dakota

Benefits & Risks of Selling a House By Owner in South Dakota

If you are wondering how to sell your own home in South Dakota without using a real estate agent, your main objective would be to save money on commissions. The documentation process is quite complicated when you are preferring to sell your house by owner. Attorneys and title agents mostly handle the documentation process

Before proceeding with the further process you must get acquainted with the advantages and disadvantages of selling a home by owner in South Dakota:

Key Benefits of Selling A Home By Owner in South Dakota

Savings on CommissionBy selling FSBO you can bypass hefty real estate commission. It varies as per the property type and can be as high as 6%. The commission rate varies as per the property type.
Speed to MarketFor Sale By Owner websites like Houzeo will list your property on the market within 1-2 business days, or even faster!

👉 Explore Houzeo Reviews: Home Selling made easier with Houzeo.com!
Control Over TransactionBy transacting directly with the buyer’s agent or the buyer, you have complete control over the process with fewer hindrances.

Key Risks of Selling A Home By Owner in South Dakota

Hidden FeesFlat-Fee MLS and FSBO companies based in South Dakota are not reliable when it comes to hidden fees. Furthermore, commissions on sales might run onto hundreds of thousands of dollars.
Poor Customer Service


Whether help is available?
It is recommended to read authentic reviews to know how an FSBO site’s customer service is. Poor customer service may lead to time and money wastage.

⭐ Houzeo has rated 4.9 stars on Google & Trustpilot.

The absence of a real estate agent can complicate the process of selling a house in Wisconsin state by owner. But, this should not discourage the sellers as there are many options available (Flat Fee MLS or pure agent) for assistance.

» More: Best FSBO & Flat Fee MLS Companies in South Dakota with No Hidden Fees!

Understanding South Dakota real estate laws and processes can be tiring and exhausting. Scrutinizing and understanding every step can help make an FSBO sale simpler and quick. Before learning how to sell your house on your own in South Dakota, let’s look at some South Dakota laws and regulations.

South Dakota FSBO Overview

Level of Difficulty for FSBOs? Average
Real Estate Attorney Required? Yes
Required State Disclosures (More) Flood Zone Statement
Lead-Based Paint Disclosure
Seller’s Property Condition Disclosure Statement
FSBO Yard Sign Allowed? (More) Yes
Competitive Buyer Agent Commission 2%-3%

Top For Sale By Owner (FSBO) Websites

A thorough comparison between the best in the business

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Get Your Home Ready

Whether it is in South Dakota or any other state, you need to take care of certain things if you are thinking of selling your house without a Realtor. Here is what you need to do:

Declutter & DepersonalizeDecluttering and depersonalization will help buyers in visualizing their future in the house. While decluttering makes the house look tidy, depersonalization can convince the buyers to see the home as their own.
Make RepairsIf your house requires any repairs, make sure they are completed before you begin the selling process. Repairing important appliances, bathrooms, kitchens, etc. can create a positive impact on the buyers and encourage their interest further. This may come in handy once the inspection is over
Repaint NeutralNeutral colors appeal to a lot of buyers. Owing to its transparency buyers will be able to envision their future in the house.
Improve Curb AppealGo for clear landscape, fresh flowers, or exquisite paintings because the first impression is everything!
Implement stagingHire a professional who can help you with setting up your home like arranging furniture to make the home look spacious and tidy. Proper staging can make the buyer understand how to manage the new home and how to utilize space.
    🤔 How about selling my home as is by owner in South Dakota?

    Selling “as is” in real estate means that the buyer gets the house in the existing condition. This entails that the buyer is ready to accept a house that needs a work-worn carpet, a leaky roof, faded paint, and more. You can opt for this if you want to sell your house urgently.

    » Explore: What to Do If You’re Selling a House As Is?

▶️ Case Study: Sellers share their experience about selling their homes on Houzeo!

What Disclosures Are Needed To Sell A House By Owner In South Dakota?

While selling a home by an owner in South Dakota, you need to take care of the following disclosures:

Lead Paint DisclosureSpecifically for homes that were built before 1978. Federal law requires the seller to disclose any dangers related to lead-based paint.
Flood Zone StatementIn some mortgages, providing information on flood risk is mandatory.
Seller’s Property Condition Disclosure StatementA South Dakota property disclosure statement is a document that sellers can use to disclose crucial information about their home and its condition to potential buyers.

Price Your Home Competitively

As a homeowner, it’s critical to price your house competitively (in accordance with market trends). Since the market trends keep on fluctuating, the seller should be aware of the state pricing.

REMEMBER! The purpose of the LIST PRICE is to ATTRACT BUYERS to your listing. It’s not your SALE PRICE!!!

What will happen if your listing is underpriced or overpriced?

If you price it too lowSelling your house at a low price will fetch more buyers. It is most likely that you will get multiple offers. You will likely go for “Highest & Best Offer” or counter the best offers to finalize the sale price with the buyer. And you will sell at market price
If you price it too highPricing too high will get little traffic. It’ll make you drop the price, and you will sell at the market price

Real estate agents create what’s called a Comparative Market Analysis (CMA) to determine what’s an ideal listing price for a property. With Zillow and Redfin, you can easily create your own CMA and understand how selling your own home in South Dakota or any other state works.

» More: How to Price Your Home For Sale in 6 Steps

Create Description of Your Property

After you have set a competitive price for your home, you’ll need to add a description to the listing. The description should be able to draw customers. Make it a point to mention important attractions in the surroundings.

Sellers should provide detailed information about the surroundings like the natural beauty for instance in South Dakota, you can mention the Missouri River, access to the best schools, access to the northern black hill, and warm water springs.

In South Dakota, sellers must reveal the property’s legal address as well as various disclosures. The majority of the time, these disclosures include all of the information necessary for a complete property description.

    ✍️Pro Tip: In South Dakota, Summers are hot whereas the winters are freezing cold and windy so it is mandatory to include information of both the heating as well as cooling systems in your property description.

What is the Right Time to Sell a House by Owner in South Dakota?

In South Dakota, it generally takes around 3 months to close on a home. The best month to sell a house in Rapid City is July whereas in Sioux Falls it’s June. Thus, selling your house at the right time could fetch you 10.60% more than the annual average selling price. Summers i.e June, July and August are the best months to sell houses in South Dakota.

Find Ways To Market Your Home

Almost 95% of home buyers search and review homes online. Being online is of utmost importance as a good online marketing strategy can make a difference in getting your house sold.

Here’s how For Sale By Owner process in South Dakota and many other states goes:

#Marketing TacticsDescription
1.List on the MLSHomes that are posted on the Multiple Listing Service (MLS) sell 17 percent faster and for a higher price. This does not mean you must hire a listing agent and pay a higher commission. Aesthetically pleasing advertisements are sure to persuade potential buyers. Use a For Sale By Owner website or a Flat Fee MLS business like Houzeo to sell your home.

Houzeo will help you save the hefty Realtor commission and get your property maximum exposure. All of this, just for a small flat fee!

✍️ Pro Tip: Research the best For Sale By Owner websites to sell your house by owner
2.Get a Yard SignRemove any signs that state “FOR SALE BY OWNER” from your yard. The use of For Sale By Owner yard sign has a negative connotation. They will also limit your alternatives due to MLS restrictions. Rather, get a yard sign with your phone number and the words “FOR SALE.” Houzeo custom yard sign is available for $49 only and comes FREE with a selfie!

✍️ Pro Tip: If you secure a buyer from a yard sign, chances are you’ll save on the buyer agent commission as well. In a nutshell, it is worth the $49 investment.
3.Share Your Listing on Social MediaPromote your home via social media. This will include your contact information as well as the listing details. If you put your house on Zillow or Redfin, all of the leads generated will be sold to buyer agents, who will demand a competitive buyer agent commission.

Houzeo, on the other hand, never sells your information or leads. If all buyer leads see your contact information, you can save money on buyer agent commissions.

✍️ Pro Tip: If you secure a buyer from social sharing, chances are you’ll save on the buyer agent commission as well.
4Hire a professional photographerYou can employ a professional photographer to construct a portfolio of your home if you’re a seller. By attracting more purchasers, professional photographs can have a significant impact on the selling process.

✍️ Pro Tip: Professional photographer can collate a portfolio that otherwise may not be possible if you are taking up the job.
5Run adsIf you wish to sell your home in South Dakota as a for-sale-by-owner, you might consider placing ads in newspapers and on social media.

✍️ Pro Tip: Try to cover as many social media channels as possible to initiate ads for your listing.

▶️ Case Study: Paige Zukowski saved $11,000 selling through FSBO

With Houzeo, you can market your property to a large audience as it gets listed on the MLS and other real estate websites.

What is Houzeo?

An introduction to one of the best Flat Fee MLS and FSBO platforms in the US

Start Your FREE Listing NOW!

Manage Showings

It is vital to successfully manage showings once your property is ready. Homebuyers and buyer agents can request and book showings with ease using online showing tools.

Houzeo Showings, a cutting-edge solution by Houzeo, helps buyers and buyer agents choose a particular showing slot as stated by the seller. The tool also provides features like rescheduling, updating, canceling, requesting, and more.

#FeatureDescription
1.Home Sellers Can Set Their Showing CalendarThe property should be shown to the buyers according to their available timings. This saves time for all parties involved.
2.Buyers & Buyer Agents Can Request & Reschedule ShowingsEnsure that buyers and buyer agents can book showings at times that are convenient for them. They should also be allowed to reschedule and cancel meetings according to their preferences.
3.Buyers & Buyer Agents Can Provide Feedback on the ListingHome sellers require feedback from buyers and buyer agents because it allows them to evaluate their property (priced too high, the backyard needs fencing, rooms need whitewashing, and more). If the criticism is actionable, small changes can go a long way toward increasing showings and getting top dollar for your home.

🗓️ Houzeo Showings has all the required features and is available on the Houzeo mobile app!

Introducing the Houzeo Mobile App!

  • View yourlisting
  • Review and compare offers
  • Counter an offer
  • NEW! Buyers can now search your property and save it in “Favorites”

Start Your FREE Listing NOW!

Negotiate Offers For Sale By Owner In South Dakota

Whenever you opt for selling a house by owner, the basic principles of what to do when you receive offers for your home remain the same: accept, decline, or ignore the offers (not recommended).

We suggest that you think about all of the options and never say no to one of them. Even if it’s a low-ball offer, you should counter with what you’d accept. If you’re positive you don’t want to counter or accept, simply decline.

There are two advanced tactics in every real estate agent’s arsenal i.e. countering an offer, or calling for the highest & best offers. While trying to sell a house in South Dakota or any other state, you need to learn these 2 tactics.

To counter an offer or seek the highest and greatest, most companies will provide you with complicated forms. These have been digitized by Houzeo, so you may counter or request the highest and greatest with just a few clicks! Houzeo makes it simpler to sell your own property in South Dakota.

#Advanced TacticWhen to UseHow to Use
1.Counter an OfferSingle or Multiple Offer SituationYour best offer is not only the most expensive, but also the most competitive in terms of deposit, financing, inspection contingency, closing timetable, and so on.

When you want to counter an offer, you can request any of the mentioned parameters updated as per your preferences.

▶️ Learn more: How to counter an offer on Houzeo
2.Request Highest & Best OffersMultiple Offer SituationIf you have multiple offers and a deadline by which you’d like to pick an offer, you can call for Highest & Best offer from all the interested parties.

▶️ Learn more: How to request Highest & Best offer on Houzeo

Additionally, while discussing proposals, pay attention to additional components such as contingencies, compromises, accountability, and more.

    ✍️Note: Negotiating offers during a home sale is inevitable. With the slightest change comes the massive paperwork update, signatures, due diligence, and much more. This is where Houzeo can be useful. Being a 100% online platform, Houzeo updates the changes across the paperwork seamlessly and digitally, cutting back on efforts and saving time in every update.

💰Incredible Technology, Incredible Savings

Houzeo’s technology makes FSBO easy by giving you access to tools only agents have
Learn more

Take Care of Title, Appraisals, and Inspections

TitleIf there is a dispute relating to property ownership, the title company comes into the picture. The title company has the full history of a property. It ensures that in case there is a legal dispute for the property, the legal owner is identified.
AppraisalA money/mortgage lender will often order a home appraisal to determine what a property’s proper value is. The lender determines the amount that should be included in the mortgage based on the findings of qualified appraisers.

This is crucial while selling a house with or without a Realtor in South Dakota(or any other state) as it keeps the buyer protected from unwanted sale prices.
InspectionInspection is also part of the process where licensed individuals scan the property for any issues. If there are defects, re-negotiations might take place between the seller and the buyer. The inspection includes everything from property worth, neighborhood, parking space, and more.
The cost of a home inspection will vary depending on the home’s age and square footage.

How to Handle Closing in South Dakota?

Selling a house by owner means you’ll have to be prepared for paperwork and legalities present in South Dakota. Even though your attorneys or title agent will handle most of the legal work involved in a property transfer, you do have several obligations. Here’s how to prepare for your closing day.

» More: Paperwork for Selling a House Without a Realtor

Review Your Closing Documents in Advance

Closing documents should generally be available to you in advance of the scheduled closing date. Review these documents at length and understand their provisions. Here are some key documents you’ll likely sign at closing:

The DeedThis document enables the legal transfer of title from the seller to the buyer. Read this document carefully, verifying all details including the legal description of the property, the deed book, the deed book page, and the Property Identification Number (PIN), if any.
Statement of Closing CostsThis statement lists all of the costs associated with the transaction. The attorney or title agent prepares this throughout the closing process.
Title affidavitA notarized document that verifies that a seller is the owner of the house, there are no liens, and there is no concurrent purchase deal.
South Dakota residential property agreementThis paper includes details such as the purchase price, earnest money, inspection procedures, and more. It represents the intricacies of the entire transaction.
Bill of saleA sale receipt that includes seller and buyer’s information plus any other information relating to the sale.

The table below showcases some more documents required to sell a home in South Dakota by the owner. These are part of the legal requirements for selling a property in the state.

Information on Loan PayoffIt is applicable only if you have a mortgage on your home. It is a document that states how much of the mortgage amount is paid and how much is due. You would still this document even if you have paid the mortgage amount completely.
HOA formsIf the house is part of HOA, the seller needs to give the buyer all the documentation on restrictions, fees, financials, and more.
Survey papersThe documentation defines the location and the dimensions of the property. This is important when selling a house without a Realtor in South Dakota.
Home inspectionContains all the details about the inspection of the property.
Repairing proofWhile selling a home by owner in South Dakota, if the seller has made repairs to the property before the sale, he/she needs to furnish the relevant documentation.
Home warrantyContains all the coverage of the property, time span, and cost.
Power of attorneyIf the property is inherited, then the seller needs to furnish the details of the history and how the property was passed onto him/her.
Closing disclosureProof that the seller agreed to buyer concessions. The disclosure is provided to the lender.
Correction Statement In case the documents are lost or some other defect occurs then the correction statement obliges the buyer, seller, or lender to fix the documents.
Additional AffidavitsWhile closing in South Dakota you may need additional affidavits like a name affidavit or an affidavit stating that you are not a foreign citizen. This will help you skip certain property taxes.

Ask Questions

If this is your first time selling a property or learning how to sell a house by an owner in South Dakota, schedule an appointment with the closing agent before the date of the closing. Before the appointment, do your research and ask questions about anything you have doubts about how to sell your own home in South Dakota by owner.

Bring TWO Forms of Official ID

There will likely be a licensed notary involved in the closing process who’ll require you to swear on your identity. During the process, you would be required to furnish identity proof (like a passport, driving license, or any other authorized document). However, the closing process might require you to produce secondary identity proof.

Closing documents are legally binding agreements, so ensure you keep the paperwork error-free. Also, any errors can derail your sale and you may be forced to re-list your house. Not only this, but if you are stuck with the wrong paperwork, it can also severely impact the closing cost.

» More: Closing cost calculator for South Dakota

    ✍️ PRO TIP: Houzeo’s Settlement Agent platform allows you to select and interact with your title company and keeps your closing on track.

Awareness of Overall Costs While Selling a Home by Owner in South Dakota

The cost of selling your home by an owner in South Dakota rides on multiple factors. It should be noted that Realtor commission and sale price are not the only two costs that are involved from a real estate transaction perspective. There are multiple other fees involved while selling real estate in South Dakota that should be known to a seller and are crucial for a sale.

    📝Note: It is estimated that a seller gives 6%-10% of the sale price as hidden costs while selling a house without a Realtor in South Dakota.
South Dakota Real Estate Transfer TaxReal Estate Transfer Tax has to be paid by the seller on the sale of the property.
Capital Gains Tax South DakotaSouth Dakota has neither state nor local capital gains taxes. The combined rate accounts for the federal capital gains rate, the capital gains surtax of 3.8 percent, and the marginal impact of the Pease Limitations on itemized deductions, which results in a 1.18 percent increase in the tax rate.
Title InsuranceTitle insurance in South Dakota protects both the buyer and the seller if the title agent/company misses a key chain of title ownership, which could cause problems later. The seller as well as the buyer can opt out of title insurance.
Home WarrantyIf certain components of the home (water heater, air conditioner, fans, etc.) require attention, the seller may opt for a home warranty. This will help buyers if a component of the house breaks down in the future.
Appraisal FeesTo assess the true value of the property, an appraiser is employed. The price of an appraisal is determined by a number of criteria, including the type of property, its size, and its location. In most cases, the buyer is responsible for it.

In South Dakota, the home appraisal cost is between $315-$420.
Inspection FeesA general home inspection fee in South Dakota would depend on the area of the house. Apart from this, various other inspections such as pest inspection, pool inspection, roof inspection, etc. are carried out.
Survey FeesA survey of the property is generally carried out before the purchase deal. It includes all the features related to the property. In the Rapid City, the average survey fees cost around $464 calculated by the property survey calculator.
Attorney FeesIt is optional to hire a real estate attorney in South Dakota. A real estate attorney can help you with the documentation and other closing processes. Average Attorney Fees in South Dakota are $243
Other CostsAside from the stated expenditures, there are plenty of other expenses to consider when selling a house in South Dakota. HOA fees, appraisal fees, pest control expenses, recording fees, estoppel fees, and any other city/county fees are examples. Aside from that, there will be expenditures associated with staging and prepping homes for sale.

Common Seller Concessions

Offering seller concessions when selling a house in South Dakota is optional, however, including them can improve the entire transaction. This in turn would help you fetch a higher sale price.

Home WarrantyGetting a home warranty might be a smart option if your house has significant flaws. It is capable of addressing any potential issues in the home. It will also provide purchasers with more assurance.
Property TaxesThese are unpaid or prorated property taxes, utility bills, or homeowner’s insurance associated with your home. You may be required to pay a prorated amount of property taxes to the buyer, or the buyer may be required to credit you.
Credits for RepairRather than performing all of the repairs yourself, you might just credit the purchasers a predetermined sum. It can be used by buyers. You might simply credit the buyers a fixed amount rather than making all of the repairs yourself.

How Much Will You Make by Selling a House in South Dakota?

The amount of money you will make after selling your house in South Dakota depends on a lot of factors such as the cost of repairs, taxes you need to pay, closing costs, etc.

Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well. You can calculate your overall cost using Houzeo’s Advanced Closing Cost Calculator. The calculations are based on the latest prices and it gives you a very detailed estimate of all the costs involved in the transaction.

» More: Sellers have saved up to $11,000 by selling their properties with Houzeo!

How to Sell Your Own Home Fast by Owner in South Dakota?

Here are a few tips to sell a home For Sale By Owner fast:

Cash CompaniesCash companies can offer you cash right away and ensure your house sold quickly. There are various types of cash companies that can ensure that the deal is closed instantly.

The basic difference between a cash buyer and a buyer is that a cash house buyer searches for properties that are difficult to sell, an iBuyer is frequently a real estate agent, broker, or investor who tries to identify the outstanding conditions, easy-to-sell homes.

» More: Reviews of 13 Best Cash Companies
iBuyersiBuyers are companies that will buy your home for cash outright. An iBuyer can be one of the fastest ways to sell a house by the owner. They can offer and close the deal within 24 hours.

» More: iBuyers Reviews: Selling Your House for Cash in 2022
Selling Your House as isIn real estate, this means that the buyer gets the house in the existing condition. Thus, you can bypass the repairs and ensure that your house is sold fast.

» More: Selling a House: A Comprehensive Guide for Home Sellers

Difference Between Selling a House by Owner (FSBO) and With a Realtor

Selling a house as FSBO requires time and effort. It is mostly recommended to take the help of a Realtor while selling your property. Of course, as discussed earlier, there are Flat Fee MLS platforms that make the job much easier.

Here are some of the differences between selling a house as FSBO and with the help of a Realtor:

Selling
With a Traditional Realtor
Selling
purely FSBO
Selling
FSBO with Houzeo
💲 Pricing5%-6% 2.5%-3%$349
📱 Cutting-Edge Technology
Superfast MLS Listing
📢 Maximum Exposure
⭐ 5-star Customer Support
📅 Showing Management
🔢 Offer Management

Final Word on How to Sell a House by Owner in South Dakota

Minimum Service State*Yes
Seller Disclosures ComplexityAverage
Closing ProcessAverage

* Minimum Service State defines that a real estate agent needs to deliver at least some basic services to the seller in that state.

So, summarizing the answer to the question – How to sell your own house in South Dakota by owner?

FSBO is one of the finest ways to sell your home by owner, but it makes the process of selling real estate in South Dakota a bit more difficult. A seller will need to be familiar with a variety of processes and paperwork that are involved in the transaction. In reality, for the majority of new sellers, the increased cash comes at a cost. To clinch the sale, you’ll need to be on top of a lot of things, and you could need expert aid.

Let’s compare selling a home via an agent and via Flat-Fee MLS by the owner. This data will help understand which is the best way to sell a home.

Note: The comparison is generic and applies to all the states.

This is where Houzeo can help. With Houzeo, you have the option to list your property as an owner and enable a smooth closing process. You do not have to worry about complex processes as the platform is 100% online. It will help in listing your property on the MLS at a flat rate and take care of other tasks that otherwise would require manual intervention. Another big point is that due to platforms like Houzeo, the real estate agent commissions are declining. This is because of the Flat Fee MLS structure that companies are providing.

Check out some of the Houzeo reviews and how it has helped customers around the US.

Houzeo Reviews

Real People, Real Stories

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Frequently Asked Questions (FAQs)

What's FSBO?

FSBO, or For Sale By Owner, as the name suggests, is a term used for selling of house by the owner himself and without any help from agent.

Is MLS needed to sell For Sale By Owner?

Absolutely! MLS is by far the most important tool a real estate agent can provide you. The US Department of Justice says that home sellers can save $6,200 on the sale of median-priced homes by choosing innovative services like MLS-only packages offered by brokers on Houzeo. If your home is more expensive – it’s much much more than that!

What is the average Realtor commission rate in South Dakota?

The average Realtor commission rate ranges between 5% to 6%.

What are the steps to get my home ready for sale in South Dakota?

(1) Declutter & Depersonalize:
(2) Make repairs.
(3) Repaint Neutral
(4) Improve Curb Appeal
(5) Implement staging

How do I list my home for sale in local MLS in South Dakota?

First, log in to Houzeo using your e-mail, Facebook or google plus account. Click “Sell a Property” on the dashboard and fill out the address. Select a listing pan and Houzeo’s IntelliList Management System will make listing home easy and quick for you. Upload photos set a price, and sign your MLS contracts—it’s that easy, and your home will be listed on the local MLS in no time.

How long does Houzeo take to get my listing on the MLS in South Dakota?

It takes 1-2 business days. In the case of Houzeo, after you’ve submitted your property info and all other details, your home will go live on the same day or the next business day. The MLS system will manually enter the listing that takes extra two business days to process and activate.

How to sell a house without a real estate agent

Yes, you can sell your house without a Realtor in South Dakota by using the FSBO process. Though you will save on Realtor commission via this route, you will have to put in a lot of time and effort. Having a professional by your side will ease the selling process.

How do I sell my house For Sale By Owner in South Dakota?

You can sell your home without a Realtor as an FSBO in South Dakota by taking care of the following items
1) Understanding the risks and benefits of selling as an FSBO
2) Getting your house ready
3) Understanding disclosures in the state
4) Competitive home pricing
5) Describing property,
6) Right time to sell in the state
7) Marketing your home
8) Manage Showings
9) Negotiating offers
10) Appraisals and Inspections
11) Handle closing
12) Taking care of overall costs

Is it cheaper to sell a house by owner?

Yes, it is cheaper to sell a house by owner. Because you save Realtor commission which is typically around 5%-6% of the sale price of the property.

How much will I save selling my home by owner in South Dakota?

In South Dakota, the average Realtor commission rate is between 5% to 6%. Selling your house by owner will help you bypass this commission. You can list your house on Houzeo and save up to $20,000 like several other home sellers in the USA.

Who pays for title insurance in South Dakota?

The title firm is normally chosen by the person who pays for title insurance in most states. In South Dakota, the buyer and seller mostly divide the title insurance cost.

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