I am a broker, and when I sell an investment property, I hire and pay another broker, without haggling their fee. The reason is: selling your own property is very involved. You'll need to be present (usually at an inconvenient time), make full disclosures, provide research on the property to prospectives and negotiate a deal, then preside over the transaction through due diligence and closing. You'll be dealing with attorneys, appraisers, lenders and inspectors. It's much easier to have someone else handle those details for you, and absorb some of the liability. I'm not even sure you'll be ahead the fee. We talk to prospects all the time who believe the listing agent will 'give them the best deal' when the opposite is true - they are working in the seller's best interest. If you are a FSBO, be prepared for people to approach you and expect a deal because you don't have an agent.
Aug 7, 2015