For Sale By Owner Experience

[Yasmeen Neal]

Hello i have a property I’d like to sell on my own.  I’ve bought and sold a few properties and this last time I was more savvy/ knowledgeable than the RE team-  even as far as reading the contract.  I’d like to hear from anyone whose’s has a positive / negative experience with selling your property on your own and/using a flat-rate listing agent.  Thanks  

[Michael Dumler]

@Yasmeen Neal, at the end of the day, the MLS is still by far the best source to market properties in my opinion. If you're looking to save money, I would recommend still using a flat-rate listing agent to input the property on the MLS, but compensate the buyer's agent their 2.5%-3% of the purchase price. You're receiving full marketing exposure and saving money simultaneously. As noted above, if the buyer's agent is not going to be compensated, then they're not going to work on the deal. FYI many investors target FSBOs, which means you'll most likely be receiving lowball offers, which is obviously not what you want. Hope this makes sense and helps!