My mom has a 2 story executive brick home she's trying to sell/lease around
the Dallas/Fort Worth (Texas) area, does anyone know a good site I could
list it on that won't charge an arm and a leg? She's trying to sell it or
lease it out, whichever happens to come first.
Any recommendations would be appreciated.
Been there done that....
It is cheaper to get good realtor, neg to something like 5% cost.
You could try selling it yourself but....
1) Buyer agent still going to charge you commission 3 1/2%
2) You might (will) get some lowballers (offering you 75% of house value)
3) Will she be comfortable showing her house to complete strangers?
Now after saying all of that....
Sellers agents = blood sucking parasites...
All they have to do is enter house information, place the sign, wait for
buyers agent to call.
And at most place couple adds in the newspaper.
Never pay >= 7% commissions. 5% - 6% should be the norm.
So you really think it's worth it for most people to be paying a 6%
commission? Here in the northeast, houses have doubled in the last 10
years. At the same time, the real estate agents costs, eg
advertising, office space, phones, etc., have not gone up anywhere
near that amount. A reasonable house here can easily go for $500K.
What exactly are the real estate agents doing to earn $30K on one
sale? Especially if it's a hot market, like here where homes are
selling quickly. With that money, I could spend $5K on advertising
and another $25K to hire a full time assistant for a year.
I'd suggest if she wants to lease it, put an ad in the local paper.
If she wants to sell it, do that, plus consider listing it with one of
the discount real estate services, like Foxton's. For a couple
percent, they get you in the multiple listing service, which, as far
as I'm concerned, is the most valuable thing realtors bring to the
party. I sold my previous home myself in about 4 months, with only
ads in the local paper and holding several open houses. And that was
in a period when the market was mediocre at best.
I was interested to read here that a private seller is able to list on
MLS. can anybody talk a little bit more about how this is done.
I think real estate agents are the biggest leaches and they rank pretty
close if not equal to ...cough.. fart ....lawyers.
You can't do it directly as a private seller. You have to do it
through a discount real estate agency. Here in NJ/NY/CT there is
Foxtons which offers two levels of service. For 2%, your house gets
listed on their website, which they promote with advertising in the
region. They will also schedule appointments for you with buyers to
see the house, but you have to show it yourself. For 4%, you get that
plus the MLS listing, which is still a lot better than 6%.
Parents just sold their 50 year old house. My sister and I were familiar
with the area and looked at comparables and felt it would go for $360k or
so. A top agent told us $420 and listed it at $460. She advertised it
aggressively. The house was vacant and she was there to show it and meet
with clearners, etc. Before the month was up she got an offer of $400 and
talked them up to $420k exactly as she predicted. So yes an agent can be
worth the money even in a hot market.
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