Downtown Minneapolis Condos - Why Selling Your Own Property Is So Hard

When it comes time to sell many Downtown Minneapolis Condos owners think they can do all of the work themselves without an agent. The main reason they do this is to prevent having to pay a commission. But in the end, are they really saving anything?

A for sale by owner (FSBO) will always want to be there for all of the showings. This is because they have to be there to let them in. They have no way to screen potential buyers so they are, in essence, letting strangers roam through their condo. This means that they have to be available all of the time, even if it is a last minute notice. If they aren't available, are at work, or on vacation they miss a buyer.

Buyers are reluctant to seeDowntown Minneapolis Condos without representation. The owners always want to guide them through the home and this makes buyers nervous. Plus, buyers like to have a representative to ask questions to and get advice from.

FSBOs generally overprice their Downtown Minneapolis Condos. They do not have the up-to-date information on sales, the history of the neighborhood or the current market. They generally price based on what they need or want to get for their condo.

Many Downtown Minneapolis Condos buyers are relocated by their companies. This means they have a buyer’s agent working for them in another state. These agents are looking at listed Downtown Minneapolis Condos, and not FSBOs. These buyers do not have the time or desire to look for unlisted condos when there are so many listed ones available. FSBOs are missing out on this entire group of buyers.

Real estate professionals will not show these Downtown Minneapolis Condos because the sellers are not willing to pay a commission. Even if they do agree to pay one, realtors know that they will end up doing almost all of the work since there isn't another agent involved.  

A FSBO does not have the marketing resources available that realtors do. An agent listing a home allows every other agent in the nation to gain access to their listing, They are available to answer questions, fax, call and even show your condo and negotiate everything from contract to closing.

In closing, most Downtown Minneapolis Condos don't allow open houses.  This takes one of the only marketing methods out of the FSBO's toolbox.  To learn how to avoid becoming a FSBO, contact Downtown Minneapolis Condos real estate expert Mike Weiland at 612-735-6834.

There is a lot of free information available to you about buying, selling or investing in  Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos.  Contact Mike Weiland & Elke Stephan with Edina Realty with any of your real estate or mortgage related questions by filling out the form below.

P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com.

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 Tags: Downtown Minneapolis Condos, Minneapolis condos for sale, minneapolis condo, lofts minneapolis, condos lofts, condos Minneapolis, Mike Weiland, Elke Stephan

Article's Author

Mike Weiland
The Weiland Group of Keller Williams Realty
Minneapolis, MN

Contact Mike Weiland