Would you rather buy a home from direct sellers (FSBO) or from sellers who work with Realtors?
admin | Jul 28, 2010 | Comments 7
I want to sell my house on my own. I bought it for 330K and can’t sell for more than 365K because Im competing with my neighbors who is also selling their house. If I will use realtor agents to sell my house, I probably won’t make any money. Please help me figure out my chances of selling this house on my own. I also want to know, If buyers would use realtors to buy their houses? Please help. Thanks.
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Filed Under: For Sale by Owner
I would ratrhe buy a FSBO because I know the price does not include an increase so that the Realtor can get a comission
Truthfully, I would prefer to BUY through a realtor, because they know the process so well and lead everyone through it smoothly. BUT, I have successfully sold several homes myself and made a decent profit.
If you’ve never sold a home before and have no one experienced to help you, it may be better to use a realtor the first time, even if you don’t profit. However, you can list is yourself, but still work with realtors when they represent the buyer OR if they contact you anyway. When this happens (you are not listed with an exclusive agent), you can negotiate the percentage you give them (usually 3% instead of 6%.)
Good luck to you!
If you’re smart you can sell a home yourself, and I would always prefer to buy a home FSBO than from someone working with a realtor. Why spend more money or get a worse deal when you don’t have to? Have you considered using a service like Help-U-Sell? You wouldn’t be going at it alone, but wouldn’t be giving a big chunk of your money to a realtor either. Good luck -
I’ll just say this on selling a home. I bought a foreclosure for $27000 and sold it (through a realtor) for 3 times the amount to someone in california. They can do the nation-wide presentation for your home and make it happen. Worth every penny !!
But first, pick out one that you are comfortable with and like.
Realtors have clients for your home. Most Realtors don’t like working with FSBOs since they will need to do more work explaining things to you as the FSBO and don’t really get paid for that. There are also more liabilities in selling on your own. You need a professional to represent you.
Even still…
* According to Thomas M. Stevens, President of the National Association of Realtors for 2006, “Finally, the plain fact is that hiring a professional pays off. The typical home represented by a professional last year sold for 16 percent more than those sold without a professional’s help. That profit more than pays for the agent’s commission. Millions of homeowners know it, and that’s why they will continue to call on experienced real estate professionals.”
If you would like to work with a highly qualified Realtor, go to http://www.ReferredPro.com
Read more about FSBOs: http://burlingamerealtor.com/serendipity/index.php?/archives/2006/02/20.html
Well lets see these are my Realtor or sales professional sayings and promises.
1. “I will sell your house.” Bull SH&@! They don’t sell your house for you they invoke a genius marketing system (a.k.a. multiple listing service)that allows other blood sucking sales professionals to see that they got you to sign a contract saying that they get the commision for entering info into a computer system that takes as long as me typing this answer and then they set back and hope one of their fellow kind lands on someone that wants your house. I think you can do that much.
2. “Just give me 90 days and I/we will sell it.”
See Previous Rambling
3. “I will represent you at closing.”
No they should say I will make sure everybody shows up to sign so I can run my check to the bank.
Beyond my opinion.
If all you do is run a newspaper ad for 30 bucks a sunday you will inturn work harder than the average realtor. They mostly are just a pretty face that knows the answers to every question in real estate acquisition. Licenced by the state so the state gets a cut of everything, almost a rackett in my opinion.
If you would be more comfortable using a realtor do so…I however know that if I were a buyer I would be getting a better deal (price anyway) going directly with you. Here’s an idea contact a realtor ask them to check out your place, explain your situation (including profit)and see if you guys can agree.