Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

295
Posts
75
Votes
Leland S.
  • Developer
  • LA, Nashville TN
75
Votes |
295
Posts

FSBO in Nashville

Leland S.
  • Developer
  • LA, Nashville TN
Posted

Working on a flip project in Franklin TN greater Nashville area. Supposedly the area is buzzing, highly ranked in the nation. Obviously would like to save 3-6% if I can on the sale but since I'm remote I'm not sure it's a good idea. Seems like for the savings I could easily spent 5k on lawyers and services to help list the house. Figure maybe I'll throw it up for a week and if there's no real bites I can move to a realtor. 

I'm paying fee's to a partner in that area that is not great with business, but can attend to matters there. I have to figure on what kind of profits I should expect on the place, my assumption is 6% realtor fee closing costs. 

Most Popular Reply

User Stats

2,600
Posts
2,152
Votes
Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
2,152
Votes |
2,600
Posts
Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
Replied

I think your property is in the 37069 zip if I'm not mistaken. It's not nearly as hot as the 37064 and 37067 zip codes. I've seen people struggling to sell FSBOs recently to be honest even though the market is hot. It doesn't hurt to try but remember your holding costs. You are looking at about 6% in agent commissions but it could be worth it as the property will sell faster and probably for a higher price.

If you do go with an agent I recommend using @Aaron Anderson in that area. 

  • Luka Milicevic
business profile image
Middle TN Home Alliance
5.0 stars
17 Reviews

Loading replies...