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Find an agent that will do a complimentary market analysis of your home to determine value or pay for an appraisal if this is the route you choose to take. Most agent will do this for FSBO's since they know they will not likely be successful in thier attemp to sell and will call them when they get frustrated. I would recommend against doing a fsbo in a declining markert since what you can sell for today will likely be much less in 6 months. Also, when buyers do buy FSBO's, they purchase under market value in most cases for a variety of reasons. Hire a professional and your chances of selling at a higher price are much more likely. If they don't sell, they don't get paid so you have nothing to lose. Whatever you decide, I wish you good luck!
kmatthee,FSBO will be difficult for many reasons. First, you will be competing with all the homes listed by agents. You will be invisible to the majority of shoppers who start on MLS fed websites and the buyer's of FSBO's expect to save themselves the commission instead you saving it. Next, a good agent brings value to a transaction. We don't just earn our commission, we bring our clients a higher bottom line then they would get without us. We know marketing, the market and its regular changes, financing, real estate law, best practices and we are undergoing continuous upgrades in training and technology. Let me be the first to say that not all agents are good ones. Like any profession we have some good, some great and many who aren't successful for themselves or their clients. My suggestion is don't decide either FSBO or listing unless you have met with some of the best agents on Bainbridge Island. Listen to what they have to say and consider it. In a declining market, time is money and it may cost you much more to "try for a while on your own" than you hope to save.
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