Quote:
Originally Posted by retiredguy123
I would prefer to pay a seller/listing agent to represent me only because I think they are better qualified to market a house than I am. But, if they force me to pay a buyer's agent commission, I will do a FSBO.
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If you do a FSBO, then you'll have to handle both the buying and the selling agents' jobs by yourself. You'll have to do your own advertising, handle all phone calls, scheduling of appointments, showing the house, dealing/negotiating with any possible interested parties, arranging for a lawyer to write up the deal if you are successful in your negotiations, help the uninformed buyer find/locate financing, arrange for all the inspections, negotiate again with the buyer if any problems crop up, and hopefully jump through all these hoops successfully in order to arrive at a closing date.
Meanwhile, you'll need to be a salesman and negotiator to soothe the buyer's nerves if/when problems/situations come up regarding the inspections, the contract, or the financing involved. It's not rocket science, but if you haven't done this type of stuff before, you'll likely be pulling your hair out and begging for help from someone long before you get to the closing.