hoosiermark
Batesville ,Indiana
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Joined: 06/23/2008
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Interesting comments about this. As a 30 year broker ( have not sold anything but my own since 1980) and currenlty a certifed general appraiser I hear this type of thinking all the time. My concern is safety. Are you prepared to show strangers thru your house. What about when only one of you is home. I would not want my wife showing someone the house, there are a lot of weirdos out there. I tell people to invite 3 Realtors in, have them value the house and then if you want tell them you will try it on your own for a while. If you can make a quick sale great, if not list it. With three opinions, you ought to be able to see who is telling you the truth. There is a reason Realtor's are successful they provide a service to those who need it. Do you know about all the ways to finance, how to hold a deal together when the buyer gets cold feet. Also if the selling broker is representing the buyer, who is looking out for your interests? Many people sell on their own and do it well, some get burned and lose money. The point being make sure you check out all the pluses and minuses before you do either. Talk to your attorney about the risk involved.
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Rick & Cheryl
Texas
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Joined: 09/28/2007
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trkrhelp wrote:A lot of the "how much commission" is determined by area. We sold our house in Palm Bay, Fl. in 2 weeks. Listed with a "professional" recommended agent with a proven sales history, followed her instructions, used her people to repaint, stage, etc. (they were the best people we've ever worked with). We offered a 6% commission with a $2500 bonus to the selling agent. The 6% is split, the bonus is straight to the selling agent and so a real motivator.
In this market if you want to sell your house you need to list it with a pro, price it realistically and follow the realtors instructions on getting it ready to show. If you've go a pro working for you they'll know what's selling and how to present your house in it's best light.
As an aside- the realtor that sold our house told me that realtors have found FSBO people to be hard to work with, unreasonable, over priced and unwilling to face reality, etc. So they avoid them like the plague.
In a buyer's market this is an excellant approach. About the only way to improve it would be to find a great agent that doesnt charge the full 6%, and they arent easy to find. Offering the buyer's agent a bonus is also a huge carrot that not only adds to the showing count, but also helps to get the buyer's agent more positive towards your house compared to one that doesnt offer a bonus.
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RVcrazy
Puyallup, WA, USA
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Joined: 09/01/2003
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IMO, now is not the time to try to do something on your own, especially without experience. There is WAY too much inventory from MLS realtors with nice, glossy websites and advertising $.
You won't end up saving that much in the end because you are likely to have to pay the selling agent anyway. If you get a good listing agent, they will work their tails off for you. My hubby is a RE agent and helps his clients prepare to list, stage and advertises their homes in a variety of ways. Interview 3 agents and ask for their propasals. See what they will do for your $.
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