To MLS or FSBO? That is the question.

[Kristin Kiddy]

I would love your input and personal experience.  I've decided to sell one of my rental properties.  I've made some improvements to it and it will show really well and with the market being so tight, I think it will go under contract pretty quickly as well.  I will see a very nice gain from the sale and I plan on exchanging it into a property in a different area, nearer to where I live personally.  One concern I have is finding a property that I can exchange into as there is not a lot of inventory.   

I am trying to decide whether I should list my rental property for sale on the MLS, right out of the gate, or start with a FSBO posting on Zillow. I am a Realtor, so I'm saving my commission either way, but I will still need to compensate my broker if I go the MLS route, plus I will have to compensate any selling agent who brings a buyer.