Homeowners seeking to sell their own Miami Beach homes often wonder why a real estate broker is considered necessary when there is always the money saving option of selling the property themselves. After all, For Sale by Owner (commonly referred to as a FSBO) isn’t something new; it’s quite common in fact. Unfortunately a FSBO can be a lot more challenging than it initially seems.
One of the most critical components is determining the right price. Since the Miami Beach real estate market has changed so dramatically, you cannot go by past sales entirely and unlike a real estate agent your resources are severely limited compared to theirs.
And then there’s the important listing phase. To the homeowner’s credit, many real estate websites exist nowadays that allow them to list their home for free to a large audience. Well, not quite as large when compared to the MLS which is seen by general consumers as well as Miami Beach real estate agents and other realtors around the country.
This isn’t to say that choosing the FSBO route will ultimately end unfavorably. There are numerous cases where diligent homeowners have been successful using this selling approach, it’s just tougher in today’s uncertain market where competition is fierce and buyers remain a bit scarce.