Selling Chicago condos without an agent in this market.
I have two West Loop condos that I’m getting ready to sell. I bought both of them, along with several other properties, without using an agent, but I’ve never sold a property before.
I’m not totally new to transactions generally, I have experience with large corporate deals but I realize residential real estate has its own process, norms, and landmines.
My current plan is:
- Use a flat-fee MLS listing service
- Hire a professional photographer
- Price based on recent building comps, which seem pretty straightforward
- I have a good real estate attorney
- I have condo docs / disclosures organized
- Im available and responsive for showings and buyer questions
- Im open to buyer-agent compensation or credits if the overall offer makes sense
- The building has had multiple recent sales, the market seems strong, and I have a lot of free time right now to manage the process.
So my question is: what is actually stopping me from doing this myself?
I’m not trying to be cheap for the sake of being cheap, and I’m open to paying for value where it exists. I’m just trying to understand what a listing agent would realistically do here that I can’t replicate or outsource.
Has anyone done it and regretted it? What am I missing. Any advice is appreciated.