Delcecchi, My neighbor is getting market analysis from realtors way over what similar or better homes have sold for in the last few months. I am convinced they are telling him this just to get him under contract. Doesn't take rocket science to get an idea of the ballpark for a realistic asking/selling price. Information on homes that sold recently, or are under contract in your area are readily available on the Internet.
Tom, FSBO like I was saying to Lip_Ripper, is not for everyone, especially if you aren't prepared to do your homework and properly executing the house prep, pricing, listing, and selling. Good thing is that if you have the luxury of some extra time on the market, the cheap cost of getting the home listed FSBO could be worth it for the little cost. Listing with a Realtor can always be a fallback. Just need to be prepared to accept/understand the real risk/benefits/effort required about what you are getting yourself into.
Dave, what your doing is exactly why we sold our last house FSBO, and it really paid off IMO. However we did what you did, so it helped. Although a realtor (if you get the right one), I'm sure can make a big difference with selling quicker, getting a better price, less hassle, etc. The real work you do to get the house ready for sale and appeal to buyers is what I think is the single biggest factor that you have control over to sell your home faster and for a better price. If you or anyone is not real good at what makes sense to update, how to prioritize where to spend your money, and how to do it so it appeals to the most buyers, then you should consult someone that does. The way we staged our home for selling was completely different than how we had it setup for living in. We filled a 10x20 storage unit with all the stuff that we took out so that the house looked as de-cluttered as possible... and we were in no way hoarders and this is in addition to the loads of stuff we brought to Good Will. ** One key piece of advice that we got from others, DO NOT show any potential buyers look at your house until it is completely ready and staged for showings. Even if they say the understand your improvements are unfinished, or house is not completely ready. I think we lost some buyer interest because we did not follow this advice. Anyways, good luck with selling your home
Thanks all for continuing to provide feedback to this thread.