When considering selling a home, many automatically think of hiring a Realtor. While convenient, this method typically involves paying a commission of around 6% of the sale’s profits.
A cheaper alternative to this traditional route is listing your home as ‘For Sale By Owner’ (FSBO). By choosing Minneapolis homes for sale by owner, you can save a significant amount in agent commissions. The process requires dedication in terms of time and effort to ensure a quick and profitable sale. On the upside, FSBO also offers more control over the sale process.
If you’re contemplating an FSBO sale, this guide will help simplify the process.
Your role as an FSBO seller
Choosing FSBO means taking charge of various aspects of the sale, including negotiations, staging, scheduling showings, and setting a pricing strategy. As an FSBO seller, your responsibilities include:
- Preparing your home to enhance its appeal to buyers
- Pricing your home competitively and accurately
- Marketing your property, which involves capturing high-quality photos, crafting an enticing listing description, and promoting on real estate platforms and social media
- Verifying the credentials of potential buyers to ensure they are pre-approved and financially qualified
- Handling all necessary paperwork
- Negotiating the sale price
Seeking professional assistance
FSBO sellers can sometimes feel overwhelmed by the responsibilities. One significant challenge is the lack of access to the Multiple Listing Service (MLS), which is crucial for a successful sale. To address this, consider enlisting a flat fee realty service that offers an FSBO package. These services can list your Minneapolis home for sale by owner on the MLS and provide marketing tools to enhance visibility. They can also assist with negotiations and offer additional support services.
Finding the right support
For those selling Minneapolis homes for sale by owner, Real Estate Corners offers a comprehensive FSBO package starting at $299. This package includes an MLS listing and all the necessary support to facilitate your sale. To get started, call us at (612) 483-1230 and take the first step towards a successful FSBO sale in Minneapolis.
