One of the crucial decisions you must make when you decide to sell your home in Minnesota is whether to hire a realtor for assistance or sell the property on your own. Although you can legally do everything yourself to save money, you might wonder if it’s truly the best option, especially with the possibility of Minneapolis homes for sale by owners selling much less than properties sold by licensed realtors.
But is FSBO really less profitable? Not necessarily. Ultimately, it depends on several factors, including the type of property, location, and your own skills in selling a home.
Pros and cons of FSBO
Choosing the FSBO route means that you avoid the standard 6% agent commission fees, potentially saving a substantial amount. However, success in FSBO often hinges on your negotiation skills and real estate knowledge. While some homeowners manage great deals, others might benefit more from the expertise of a licensed real estate agent. This might involve a smaller fee for services like flat fee MLS listings and marketing.
The impact of location
Minneapolis homes for sale by owner have been known to sell for lower prices compared to those handled by realtors. This is partly because professionals can often set and achieve higher sale prices.
But it’s important to remember that property values and potential returns can vary greatly by location. To reduce uncertainty and potentially maximize your sale price, consider partnering with a reputable Minneapolis flat fee MLS or full-service FSBO specialist.
Navigating Minneapolis FSBO with Real Estate Corners
For those who are interested in Minneapolis homes for sale by owner, Real Estate Corners can be a valuable ally. We can assist you in selling as well as in finding and purchasing your next home. For expert guidance, contact our licensed real estate agents at (612) 483-1230.
