If you're considering selling your property, you might be surprised to learn that working with a listing agent in Minnesota could cost you upwards of $8,500—not to mention the additional buyer agent commission fees. To avoid these substantial costs, you can list your property as 'for sale by owner' in Minnesota.

Understanding FSBO

'For sale by owner' means handling the sale of your property independently, without the involvement of a real estate agent or broker. This approach not only saves money and time but also gives you more control over the selling process. Home sellers often choose ‘for sale by owner’ in Minnesota because they have intimate knowledge of their property, believing they can present it more effectively than an agent.

When executed correctly, listing your house as ‘for sale by owner’ in Minnesota can save you thousands of dollars. Here are some key insights and tips to make it successful.

FSBO Essentials

FSBO allows you to sell your home directly to the buyer, avoiding the typical 5% to 6% commission that would otherwise go to your agent and the listing broker. In many traditional sales, this fee is shared with the buyer's agent.

But to succeed in FSBO, it's essential to be proactive:

• Get on the MLS - Listing your home on the Multiple Listing Service (MLS) can significantly increase visibility to potential buyers and agents, potentially raising the final sale price.
• Set a competitive price - Overpricing can lead to your home lingering on the market while underpricing might spark bidding wars.
• Invest in professional photography - High-quality photos can make your property more appealing, attracting more potential buyers.

Simplifying the FSBO process

Choosing ‘for sale by owner’ in Minnesota doesn't mean you have to do everything alone. A licensed real estate agent can assist with tasks like MLS listings, which are typically exclusive to professionals. To keep costs down, consider a flat fee MLS listing service.

Real Estate Corners can provide support for your for-sale by owner in Minnesota journey. Their flat fee MLS listing service and competitively priced FSBO packages can streamline your selling process. Contact them at (612) 483-1230 for more information on how they can help.

About the author:

Real Estate Corners is a licensed real estate company that has been operating in Minnesota since 2001. As leaders in the flat fee real estate industry, they offer homeowners two options to sell their properties while saving them thousands of dollars in selling commissions. With over 20 years of experience selling both residential and commercial properties, their team has the knowledge, expertise, and resources to deliver exceptional results for clients of all sizes. Providing top-quality service to each client is their number one priority, and their highly skilled and experienced professionals are committed to assisting you every step of the way.