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We are moving out of state and plan on renting our next home.Thinking of doing a FSBO.Is this wise?

We want to sell our Florida condo and move "back East" to RI. We will probably rent as we are in our 60's. We have a mortgage to pay off. Is FSBO a good idea? The condos have been selling quickly and these condos are in short supply.
  • September 29 2013 - Gulfport
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Answers (7)

If you do decide to sell it by yourself.. you should at least pay a Realtor a flat fee to have the home listed on the MLS.


And remember, sometimes paying a Realtor a commission is well worth the increase in sales price and the peace of mind.    Selling a house is not always as easy as it appears.   
  • October 01 2013
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A good realtor is not just marketing and selling your home but also providing you with the actual legal transaction forms, disclosures, and price negotiation.
Most people don't realize that when you do a FSBO, you may land up paying the Buyer's agent 3% or the Buyer will subsequently want a 3% price reduction.
It is advisable to hire a competent Realtor and you can negotiate the commission with them. Basically, for 2% more, you will have peace of mind.....proper market exposure, full use of your Realtor's legal Purchase and Sales contracts, your risk and liability is reduced as the agent guides you through proper disclosures and inspections.
  • September 30 2013
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Profile picture for CallTheSisters
Most folks in their 60's are going to Fl not leaving it.  Back to snow country. Are you sure that in the future you would not want to return to Fl?

There are many people who are able to educate themselves on the selling process and legal requirements.  There are others who think they know everything and just jump into it, only to find out they jumped into quick sand.

Spend some time reading various threads out here from folks selling FSBO and who ask us questions. See what challenges they have faced.

I believe title companies close real estate transactions in Fl.  Go to one and see if they have forms you can use or would give you some advice.

  • September 30 2013
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Have you done any due diligence yet?
Make sure you do before even thinking of jumping in as a "fsbo".

Do you have any idea of the home selling process in your area, and what is entailed?

I am not trying to encourage,  or discourage you, but I will strongly suggest that you educate yourself - understand what you can do to market your home......know how important it is to post outstanding photos on the internet ..........what to expect in regard to qualifying a buyer.....learn what to expect in a standard sales contract  and become informed about what town ordinances, c of o inspections.....etc. are required.

Also make sure you know what fees your HOA may charge for new purchasers...............learn all of this so you can make proper disclosures regarding your home and also the condition.

Since you have time on your hands, make good use of it learning all you can before proceeding!

The snowbirds will be coming down soon, so this will be the time of year you want to get the word out there!

Best wishes............
  • September 29 2013
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Profile picture for user2778573
Thanks.We are retired,and have the time, so we may go that way.
  • September 29 2013
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Profile picture for wetdawgs
Selling as a FSBO is not 100% a piece of cake, but it can be done.  Whether or not you can do it depends on a number of factors. Here's are a couple of links worth reading:

Thinking of selling as FSBO?   A blog, not a  commercial site, the poster was successful.

From home buying about.com




  • September 29 2013
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Is it wise? I don't know, maybe.

It's a job. Maybe you can do it, maybe not.

Many people have done it, many of them swear they'd never do it again. In a little while, people will post resources here for you to check out, and of course agents will tell you that it's stupid not to list and others will tell you it's stupid to hire an agent . . .

I think it comes down to: is it worth it to you to play real estate agent? Life is short, and if it's something you want to do, then do it!

All the best,
  • September 29 2013
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