In short: price from closed sales, prepare disclosures before you list, get on the MLS, run showings, compare offers on net terms, and let a title company handle the closing. For Albuquerque specifics, read for sale by owner in Albuquerque.

1. Decide FSBO is right for you

Be honest about time and comfort. You’ll answer calls, host showings and negotiate. If the sale involves an estate, divorce, liens or tenants, line up an attorney first or consider full service.

2. Choose a title company early

The title company handles escrow, title insurance, payoffs and recording. Call one before you list so you know its process and fees.

3. Price from closed sales

Use homes like yours that sold in the last three to six months. New Mexico generally doesn’t make sale prices public, so get closed-sale data through an agent or an appraiser, or order a pre-listing appraisal.

4. Prepare the house

Fix small visible problems, deep clean, declutter and take bright, level photos. Photos are your first showing.

5. Gather disclosures and documents

Property disclosure statement, lead-based paint disclosure for most pre-1978 homes, HOA documents, and a plan to request the county assessor’s tax estimate before accepting an offer.

6. List where buyers’ agents look

In NAR’s 2025 buyer survey, 88% of buyers purchased through an agent or broker, and agents search the MLS. A flat fee MLS listing gets you there without a percentage listing fee; add a sign and portal posts.

7. Decide on buyer-agent compensation

Offers of compensation can’t go on REALTOR® MLSs since August 2024, but you can offer it directly, negotiate it in an offer, or decline.

8. Run showings safely

Book ahead, ask whether the buyer has a written agent agreement, secure valuables and ask every agent for feedback.

9. Compare offers on net terms

Weigh price against financing, contingencies, concessions, buyer-agent requests and the closing date. Before accepting in New Mexico, give the buyer the assessor’s written tax estimate, unless they waive it in writing.

10. Open escrow and close

Send the signed contract to your title company, meet each contract deadline, verify wiring instructions by phone, and sign at closing.

How long it takes

Preparation often takes a few weeks. Time on market depends on price, condition and demand. After you accept an offer, closing follows the contract’s inspection, appraisal and financing deadlines. Build in slack before committing to a move date.

How to sell a house FSBO, step by step