Downtown Minneapolis Condos - Why Selling Your Own Condo Is So Hard - Tips from Downtown Minneapolis Condos Real Estate Expert Mike Weiland

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August 26, 2010, by Mike Weiland in FSBO

Downtown Minneapolis Condos - Why Selling Your Own Condo Is So Hard - Tips from Downtown Minneapolis Condos Real Estate Expert Mike Weiland.

When it comes time to sell some 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 because they have no equity. But in the end, will they succeed?

A Downtown Minneapolis Condos for sale by owner (FSBO) will always want to be present for all property viewings. 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 house. 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.

Downtown Minneapolis Condos buyers are reluctant to see these homes 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.

Downtown Minneapolis Condos FSBOs generally overprice their house at least a little because they aren't paying a commission. 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 home.

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

Downtown Minneapolis Condos real estate professionals will probably not show these homes 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 Downtown Minneapolis Condos 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 home and negotiate everything from contract to closing.

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 Minneapolis condos for sale, values, and more please visit the most complete website online 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.