Selling Your Home For Sale By Owner in Brooklyn: https://www.hauseit.com/advice-selling-home-for-sale-by-owner-in-brooklyn/
Calculate Seller Closing Costs in NYC: https://www.hauseit.com/closing-cost-estimator-for-seller-nyc/
Should I avoid all Realtors when I sell my home For Sale By Owner in Brooklyn?
Absolutely not, because 90% of all home sales in NYC are done between two agents, one representing the buyer and the other representing the seller, meaning most buyers are represented by agents.
Yet what most For Sale By Owner in Brooklyn sellers do the moment they get that bright idea to not pay the standard 6% real estate commission in NYC?
They post on Zillow or Craigslist and write “NO BROKERS” or “PRINCIPALS ONLY” at the top of their listing description in all capital letters as if real agents with real buyers didn’t avoid FSBO listings to begin with.
What will agent inquiries really be about?
Typical inquiry from a more experienced agent: “Can I preview this apartment on behalf of my client who isn’t in town?” or “I have a buyer for this apartment, can we come see it?”
Unfortunately, because you are selling through a traditional FSBO listing, the agent will show up unaccompanied by any buyers purely to solicit you to pay them 6% commission to sell your home.
Sometimes, the actual agent may not even show up and instead send an even more junior agent to come solicit you.
What’s worse, expect your open house to be packed with real estate agents looking to make a scene. Be especially careful if you’ve over-priced your property and you have an empty open house.
At an empty open house you’ll be even more exposed to the solicitation attempts of the real estate agents who will certainly be there to harass you.
If you insist on pursuing a traditional For Sale By Owner in Brooklyn sale, just make sure your open house is guarded by several large, male friends to forcibly throw out the occasional real estate agent by force when they refuse to leave.
The advantages to underpricing your apartment
A homeowner selling through a traditional agent will not have the luxury of underpricing their apartment because standard listing agreements stipulate that a home seller will owe 6% in commission as long as a “ready, willing and able” buyer is found at their agreed upon listing price.
This means most sellers can’t underprice their apartment as they might be forced to sell, or pay commission anyway if they don’t.
As an Agent Assisted FSBO home seller however, you will enjoy the ability to price your property however you wish without the fear of being forced to pay anyone a commission.
Save up to 6% in Broker Commission: https://www.hauseit.com/fsbo-nyc/
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