Minneapolis Minnesota Real Estate Blog

Is it Necessary to Use a Realtor to Sell Your Condo in Downtown Minneapolis?

Note: You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condos<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 120.

Can a Realtor really help you sell your condo in Downtown Minneapolis more quickly.  Is it worth paying the commission to have a Realtor sell your condo in Downtown Minneapolis?  If you decide to use a Realtor how do you decide on the best one for you?  Find out in this special report.


SPECIAL REPORT:

Mike Weiland Discuses Whether it is Necessary to Use a Realtor to Sell Your condo Downtown Minneapolis?

Selling your condo in Downtown Minneapoliscan be one of the most profitable sales you ever make in your life.  But one of the most important decisions can be deciding whether to sell the condo yourself or to use a Realtors service in Downtown Minneapolisto help sell it for you.

First let’s take a look the main benefit of selling your condo in Downtown Minneapolisyourself.  The main benefit is that you don’t have to pay a Realtor’s commission which is usually between 6-8% of the sale price. 

This can be a huge chunk of money.  On a $200,000 sale that comes out to $14,000 that will come out of your sale to the Realtor(s) in a sale with a 7% commission rate.  

In most condo transactions with a Realtor you are actually splitting the commission between two Realtors.  Seller’s agents actually list the property and get a little more than half the commission for being the listing agent on the sale.

Buyer’s agents are Realtors that work directly with the condo buyer in helping them to find a property in Downtown Minneapolisand they will get a little less than half of the Realtor commission for finding the buyer for the property and helping them through the purchase process.

The thing is that the seller of the property is actually paying both of these commissions out of the proceeds of the sale.

Now keep in mind that most condo buyers in Downtown Minneapolisare working with a buyers agent, so in a lot of cases you can still end up paying 3-4% of the sale price to a Buyer’s Realtor even if you are selling the condo yourself without a listing agent.

Decide how much free time you have to show the property, market the property and answer phone calls.  You may enjoy the condo selling process and want to take care of the sale yourself, but if you don’t have the time and energy to put into the sale of your condo in Downtown Minneapolisand you aren’t particularly knowledgeable about selling condos you may want to consider listing the condo with a Realtor.

So while you are weighing your decision look over the pros and cons of selling the condo yourself.

The main benefit that you get from listing your condo with a Realtor is that it goes straight into the multiple listing service.  The “multiple” is the resource that every Realtor in the nation uses to look at properties for sale that are listed.  You can see how the listings work online for the consumer at Realtor.com.

Once a property is listed in the multiple, every buyers agent in your town has access to it.  Most Buyers agents with clients are going to the multiple listings at least once a day or more to keep current on the latest properties that may fit their client’s needs.

Any Realtor can look up whatever specifics they want on a property search.  If they are looking for a 3 bedroom 2 bathroom condo  with a fireplace in Central neighborhood the computer will bring up every property that is for sale that fit those criteria.

Another benefit that you may want to consider in whether to list your property or sell it yourself is that a good real estate agent may have much better negotiating skills when it comes to selling your condo in Downtown Minneapolisfor you.

They can bring up points that you may not think up your self that will help to increase the desirability of your condo in Downtown Minneapolisor some easy ways to increase the value before you actually list it.

Now if you decide to use a Downtown MinneapolisRealtor there are some important questions to ask when interviewing them for the job.  Remember that although they are the real estate professional, you are still the one hiring them for the job.  So make sure you get all your questions answered to your satisfaction before signing on the dotted line.

Ask how many condos in Downtown Minneapolisthey have sold in the past 12 months.  Right off the bat you will know how serious they are about their business.

Find out how long they have been an agent.  There are many agents that come in and out of the business.  Turn over can be pretty great in the real estate business.  You want to make sure you are working with a total professional, if you are going to sell your condo in a timely manner.

Find out what they generally charge for commission.  Some agents go for a lower listing commission to try and get your business selling the fact that you will save money using them.  The fact is that a higher commission will many times gain the interest of other buyers agents and they will be more inclined to show these condos first to their prospective clients.

In weighing the decision to sell your condo in Downtown Minneapolisyou may want to consider putting the property up on the market by yourself for awhile.  You can always list it later if it does not sell initially.

Take into account that you could drop your price 3-8% for a quicker sale if you need to sell quickly.  Then you raise the price later if you list the property with a Realtor.  Many times the reason a condo will not sell for sale by owner in Downtown Minneapolisis simply because they don’t have the marketing available that Realtors do.

The decision is up to you.  Weigh the pros and cons.  Decide on what outcome is most important to you in selling your property in Downtown Minneapolisand how much time you have to devote to selling your condo yourself as opposed to having a Realtor do the work for you.

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 Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condos at www.LivingInDowntownMinneapolis.com.  Contact Mike Weiland & Elke Stephan with Edina Realty with any of your real estate or mortgage related questions call the 24 Hour Recorded Information Hotline Now For Details...1-888-391-9039 Ext. 120.

P.S. You can access the best deals on Downtown Minneapolis condos as well as insider information about privately available condos by clicking this link >>>Minneapolis Condos<<< or call the Free 24 Hour Recorded Information Hotline Now...1-888-391-9039 Ext. 120.