In Minneapolis, homes for sale by the owner, FSBO, is the process of selling real estate with being represented by a real estate broker. One of the most typical reasons why homeowners choose not to hire the help of an agent is to avoid paying a commission. The agent typically will ask for 6% of the selling price of the property.
However, if a buyer is intrigued in a FBSO home, that buyer’s agent may request a commission from the seller for bringing the buyer. The seller is not required to pay this commission. If an accord is not agreed on between the seller and buyer in any Minneapolis homes for sale, then the buyer’s agent may not be rewarded in the transaction. Homeowners may hire the services of marketing or online listing companies or market their own property.
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