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Selling Your Condo Privately: Consider These Risks of For Sale by Owner

Are you thinking of selling your condo yourself to save money on a real estate broker’s commission? I admit, saving money is a good idea. But not if doing so puts you at risk. There are multiple reasons you should not try to sell your condo on your own.

For one thing, you will likely not save much money. Pattaya Prestige Properties for sale by their owners are known to attract low-ball offers from predatory investors. Even honest buyers will calculate the commission you would have paid a realtor at your current asking price, and will expect you to drop your price by that much. Plus, a 1992 study showed that real estate agents can get 9 1/2% more for a similar home in the same neighborhood than a For Sale by Owner.

Then there is the difficulty of attracting buyers. If your property is not listed on the Multiple …

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