Why do people sell a home for $1?

The most obvious reason to sell your home yourself is to avoid having to pay the real estate commission. They also hear from a friend of a friend that if you sell them your house, then they don't need to face succession when you're gone. When you sell a home, you first have to pay any remaining amount of your loan, the real estate agent you used to sell the house, and any fees or taxes you may have incurred.