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Will soon find myself making this decision and would appreciate learnings and insight.
Last thread I saw on this was MJ's and not sure how that turned out.
Between experience here and reading a couple books from FSBO promoters, it looks like to me that out of the common 6% commission, FSBO typically will save you maybe the last 1-2%.* To get traffic, even the FSBO folks seem to recognize you will probably pay the buyers agent his 3%.* The FSBO folks want 1-1.5% for MLS listing and stuff.* That leaves the last 2 points for savings.* On a 500k sales that 2% is still a decent size number.
On the other hand, there are plenty of stories of major hassles and dealing with cons when you are doing a FSBO.* The agents will want you to believe they will make you as much with better marketing and of course save the hassle and risks of dealing with unqualified buyers, etc etc etc.
So-o-o-o,* perhaps the collective wisdom here can provide some insight that will make the choice a bit clearer.
BTW, if MJ happens to see this , I would be interested if FSBO would be his/her choice.
Thanks
Nwsteve
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