In this guide to selling FSBO in South Dakota, we\u2019ll cover the ins and outs of selling by owner in The Mount Rushmore State. We\u2019ll look at the complete process to prepare, market, and close the sale of your home without the assistance of a real estate agent.<\/p>\n\n\n\n\n\n
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\n <\/div>\n \n Unsure About Selling FSBO in South Dakota?<\/h3>\n
If you don\u2019t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your South Dakota market. We analyze over 27 million transactions and thousands of reviews to find you the best agent for your unique situation.<\/p>\n \n
Editor\u2019s note: No matter how you choose to sell your home, if you\u2019d like to consult with a top real estate agent first, HomeLight can introduce you to highly-rated professionals in your South Dakota market<\/a>. Our research shows that the top 5% of agents sell homes for 10% or more than average agents.<\/em><\/p>\n FSBO (pronounced fizz-bow) is a method of selling your home without the help of a real estate professional known as a listing agent. In a FSBO transaction, the seller assumes the duties that would normally be handled by the agent, such as pricing the property<\/a>, marketing<\/a> the home to potential buyers, arranging showings<\/a>, and negotiating<\/a> and closing the deal.<\/p>\n In an agent-assisted sale, the seller typically pays a commission amounting to 3%-5.8% of the sale price<\/a>, depending on who pays for the buyer\u2019s agent commission<\/a>. That amount is deducted from the seller\u2019s proceeds at closing.<\/p>\n Commission rules and regulations changed after the National Association of Realtors (NAR) announced<\/a> a landmark lawsuit settlement on March 15, 2024. These changes started in August 2024 and have \u201cdecoupled\u201d seller and buyer agent compensation. Buyers are now responsible for paying their own Realtor fees<\/a>. By selling FSBO, a seller can eliminate the cost of the listing agent commission (around 3%). However, in some markets, sellers are still offering to pay the buyer\u2019s agent commissions<\/a>.<\/p>\n Even with new commission rules in place, buyer\u2019s agents<\/a> in South Dakota will expect compensation for the work they do to bring a buyer to a sale, such as arranging showings and helping to tee up and qualify the buyer. Plus, when a seller isn\u2019t working with an agent, the buyer\u2019s agent may end up carrying more of the weight to get the deal to the finish line.<\/p>\n A FSBO sale does not mean you won\u2019t need professional guidance. In South Dakota, sellers are not required<\/a> to hire a real estate attorney, but FSBO sales typically warrant legal and professional oversight to avoid risks during the transaction and liabilities down the road.<\/p>\nHow does selling by owner (FSBO) work in South Dakota?<\/h2>\n