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I think in a really hot market, it can be done.
I think ONE of the reason FSBO's historically haven't sold very well is that those houses have tended to be sold by people with unrealistic expectations (either forced, i.e., they owe more on the house than it is worth, or unforced, i.e., they are simply unrealistic people). So they price the house above market. Buyer's, realizing that the seller is saving on commissions, expect to get a better deal (which benefits both parties), not a WORSE deal.
But, again, I think in a hot market, a well priced house probably could sell FSBO. If, like in my area, brokered houses are selling in 2 hours, then it seems like a FSBO could sell in, say, a week!
(Finally, aren't agents taking lower commissions these days, like 3%?)
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