FSBO or realtor ?

[Kevin Macdonald]

I am waiting to hear if the bank accepted my offer for a foreclosure (this is my first one). I want to get some opinions on fsbo verses using an agent.

I bought and sold my first house FSBO back in 2001 and I didnt think the process was that bad. The biggest complaint i had trying to sell my house was all the phone calls from realtors telling me I should not be doing this. I agree it took a little work but I think it was worth the savings. I did hire a realestate attorney for the paperwork/settlement. The market was also different back then, I had the house priced good and I had a contract in a week.

My plan is to pay a fee to have the property listed on MLS, advertise in all the newspapers/local internet classified adds. I am also going to list the house for about 15k less then comparable houses in the area for sale to try to give me a little edge. The house is going to be in tip top shape for a 20 year old house (new HVAC, paint, appliances, etc.....).

If I cant sell the property in 2 months I was going to list it with a realtor. I dont have any problems with realtors, they are providing a good service and they deserve to get paid. I figure i should at least try to sell it myself first.

Should I do this or just bite the bullet and let a realtor sell it?
Thanks