Selling your condo in Knoxville is probably one of the biggest financial transactions you’ll ever make. Of course you want to do it right. You also want to walk away at the end of the day with the most money possible. Should you hire a real estate agent that markets Knoxville condos for a living, or should you sell privately and go FSBO? Let’s look at both sides of coin.
On one hand, by not working with an agent you save yourself the commission that real estate agents collect. You have complete control over the process. You get to meet all the buyers and negotiate for yourself. You decide everything for yourself.
The two most common reasons people opt for a FSBO sale is that they want to be in control and they don’t want to pay commissions. That sounds great; but let’s look at the other side of the coin.
Real estate agents have spent hundreds of hours learning how to negotiate, how to market and how to sell condos in Knoxville. If you’re working with a good agent, chances are they have a lot of experience selling homes just like yours.
When it comes down to it, the statistics tell the real story. The reality is, 88% of FSBOs will not sell and end up listed with a real estate agent anyway. Furthermore, sellers that work with real estate agents generally get at least 6% more on their bottom line, which includes paying out commissions.
The reality is, most sellers working with a real estate agent will result in a faster, more profitable sell. That said, working with an agent may not be for everyone. If you truly believe you can sell the home faster and more profitably or if you must be in control of the process yourself, then perhaps a FSBO sale really is for you.
On the other hand, if you want to get the most money for your condo in the fastest possible time frame, your best bet is probably to work with an experienced real estate agent.
Visit the Knoxville condos website for more information about buying or selling Knoxville condominiums. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.
David Hamilton
Ferguson Realtors
865-310-0636 Cell
865-690-1300 Office
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