For Sale By Owner or Real Estate Broker

I'm often asked by clients who are preparing to sell a property if I recommend that they try to sell on their own or use the services of a Real Estate Broker.
While it is tempting, in a seller's market, to try to save the commission and with such tools as Craigslist available, the "FSBO" is possible.
It must be noted, however, that brokers do, often, provide a series of important services.
Brokers are familiar with all the intricacies of "open houses". They know how to "pre-qualify" potential purchasers which is especially important in Coop sales because of the coop approval process.
More useful are brokers the day after the open house. A seller who is selling on his/her own must resist the overwhelming temptation to call prospective purchasers, not wanting to appear too anxious. Brokers, on the other hand, are expected to follow up with these potential purchasers.
Sellers probably would find it awkward to inquire of their prospects as to financial details such as income and cash reserves. Brokers happily perform this function as well.
The bottom line: For most sellers, I believe the use of a well recommended Real Estate Broker is a good idea.

NEXT TOPIC: Client News

I will happily use my Blog to, like a proud Papa, tell the world of some of my clients' accomplishments.
My first one...

I am fortunate to represent such a broad array of clients many of whom are in the entertainment field. One of my absolute favorites is Sarah Blaze, a tremendously talented mezzo-soprano who has done as much for Rossini and Handel as she has done for Rogers and Hammerstein. Sarah has performed in all four corners of the globe and now, we have the unique opportunity to experience one of her rare New York City performances.
On Sunday, April 27th, at 2:30pm, Sarah will be giving a recital at The Church of St. Francis Xavier located at 46 W. 16th St, between 5th Ave. and 6th Ave. in Manhattan, at which time she will be performing, with soprano Rebecca Semrau in a program featuring works by Sondheim, Bernstein, Donizetti, Dvorak, Weill and Mozart.
$10.00 donation at the door is requested.
I look forward to seeing many of my friends and colleagues there!

Bob Dubno