Downtown Minneapolis Condos - Selling FSBO or Through an Agent?
As a seller looking to get the most out of Downtown Minneapolis Condos, it’s completely understandable to want to try your hand at selling on your own. Before you make your decision, consider these pros and cons about selling a condo through a FSBO or through an agent. By the end of this article, you’ll be able to make a much more informed decision.
Commission
The reason sellers opt for FSBO sales is because working with a Downtown Minneapolis Condos agent can be seen as “expensive” because of the commission.
However, in reality it almost always costs more to not hire a real estate agent. The NAR has found that on average, sales done through a real estate agent sell for 16% higher than those listed by FSBOs.
Control
Another reason why sellers may opt for FSBOs is the desire to control the entire Downtown Minneapolis Condos selling process. While this could be great, it can also be a big pitfall.
Why? Because sellers are often very attached to their condos. They have an emotionally attachment which keeps them from making unbiased judgments or negotiating in an unattached manner.
That’s why it’s so important that if you work with an agent, you work with an agent you trust so that you can share the responsibility while knowing your agent is taking care of what needs to be taken care of.
Finding Buyers
It’s hard for FSBOs to find good buyers. Why?
Generally, Downtown Minneapolis Condos agents don’t show FSBOs. Instead, they show properties listed by other agents. What ends up happening is that investors looking for a lowball deal end up coming to look at FSBOs, resulting in lower sale prices.
Although there are some positives to listing your condo as a FSBO, it’s usually not worth the headache and the time and money you’ll likely lose as a result.
To see if a Downtown Minneapolis Condos agent is good for you, it’s important to talk to someone who’s been local to the Downtown Minneapolis Condos area. To see if we’d be a match, please give me a call at 612-735-6834 or send me an email at mike@mikeweiland.com.
There is a lot of free information available to you about buying, selling or investing in Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos. Contact Mike Weiland & Elke Stephan of The Weiland Group with any of your real estate or mortgage related questions by filling out the form below.
P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com.
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