i need to sell my house asap. not through real estate though.
do you know any really good websites i can post my house on, that isnt so expensive?
anymore advice you can give would be highly appreciated :)House for sale by owner websites question !?
I don't want to sound rude, but if you do not even know how to advertise your house, how will you do all the official paperwork involved in selling real estate? Do you know all the disclosures you must provide? Do you know how to respond to an offer (how to make a counter offer?) What legal forms to use? Everything must be in writing, when selling real estate...
It's not that simple to sell a house yourself, and also it's not that simple to do the paperwork.
Unless you know all this, get a Realtor, or get yourself in a huge mess.House for sale by owner websites question !?
I'll add one more point to the excellent points posted by others. When you advertise ';For Sale by Owner';, the first thing out of the mouths of the buyer will be ';Of course you will knock off the brokerage fee, since you're not paying one.'; And then they will proceed to hack 6% off the price they intend to offer to you.
Buyers want that commission savings in their pockets just as much as YOU do.
Realtor is right...if you have to ask a question like that, then you really shouldn't be selling the house on your own.
If you go cheap, you are going to get screwed.
Craigslist or Pennysaver on-line ads are free.
If your truly in a rush to sell. You might try AUCTIONING your property. Auctioners usually charge the buyer an additional 5% of the purchase price and little cost to the seller. Usually seller needs to advertise or prehaps do it yourself.
Good Luck
Lauren if you had to file a law suit against someone,wouldn't you use someone with the expertise to help you and make sure all the proper documents were handled correctly? If you had a toothache wouldn't you see a dentist? ???? Need I say more. I know it cost money to sell using a Realtor, but they know your market, they have the expertise to handle the entire transaction for you. You can post on Craig's list, you can post on Zillow.com and Forsalebyowner.com all you want. But I myself - a Realtor tested all of them with my own house, and only received two offers, One from Hungry, they wanted me to tell them my bank account number so they could wire me the money without seeing the house. The other was from somewhere else, and said their attorney would contact me for my ban account numbers.... So you are in much safer hands with a Realtor and let's face it, how do most buyers buy homes? Through FSBO's? I think not.
If you ask for good advise, I hope you'll take it.
First do an e-flyer on http://www.Postlets.com
Then post it on the following sites.
1. http://www.Zillow.com
2. http://www.BackPage.com
3. http://advertising.superpages,com
4. http://expo.live.com
5. http://www.craigslist.com
6. http://www.kijiji.com
7. http://www.classifiedads.com/real_estate
8. http://www.google.com/local/add
9. http://listings.local.yahoo.com/csubmit/
10. http://www.yellowpages.com
11. http://www.Zadzoo.com
12. http://www.LiveDeal.com
Terry S.
http://www.Welcome2Arizona.com
Wednesday, July 7, 2010
How can i put my house for sale by owner on the MLS?
well i had this problem before, i did some research about it because that time (one year ago) i had to sell my house in ft lauderdale because i got promoted at work and need to transfer to anaheim i had to sell my house without paying commissions like the conventional 7% above for a realtor, i found this MLS (multiple listing service) through this website: http://sureflatfeemls.com it has all the information i needed to sell my house, i found out that i can list my house for sale by owner on the local MLS and have to only pay a one-time ';flat fee'; (around $250-$350 depending on the area). So for me to get listed i still looked around the net and found similar websites but sureflatfeemls.com had the lowest price for my home's area and county, thus i decided to get their services, they have great support and courteous listing agents. they also provided me addtional services and exposure through advertisements, luckily with their help i sold my house in less than 4months. :) hope that helps dude!How can i put my house for sale by owner on the MLS?
Go to http://www.HELPMESELL.com. List your home and upload photos. You'll get a free 21 day yahoo! real estate classified ad AND depending on the state your property is located in you can list on MLS and Realtor.com for 12 months for under $500. Much better than classified ads.How can i put my house for sale by owner on the MLS?
Unless you're a broker yourself, you can't. The MLS is for licensed real estate brokers only.
Just an FYI, the MLS has a new rule that listing input through discount brokerages be CLEARLY marked, that the ';selling agent'; does the MLS only and the actual work is going to the buyers agent. They even made a new field for it so that agents can exclude them from searches.
You can't. You will need to use a Realtor with MLS access.
You can't. There are limited service agencies that charge you an up front fee to put your house in the MLS, and you basically sell your house. It is my experience that these are not successful transactions for the seller.
Contact a company like BUYOWNER. You will probably have to pay a fee. Or contact a local realtor to see if they will, it never hurts to ask.make up foundation night cream
Go to http://www.HELPMESELL.com. List your home and upload photos. You'll get a free 21 day yahoo! real estate classified ad AND depending on the state your property is located in you can list on MLS and Realtor.com for 12 months for under $500. Much better than classified ads.How can i put my house for sale by owner on the MLS?
Unless you're a broker yourself, you can't. The MLS is for licensed real estate brokers only.
Just an FYI, the MLS has a new rule that listing input through discount brokerages be CLEARLY marked, that the ';selling agent'; does the MLS only and the actual work is going to the buyers agent. They even made a new field for it so that agents can exclude them from searches.
You can't. You will need to use a Realtor with MLS access.
You can't. There are limited service agencies that charge you an up front fee to put your house in the MLS, and you basically sell your house. It is my experience that these are not successful transactions for the seller.
Contact a company like BUYOWNER. You will probably have to pay a fee. Or contact a local realtor to see if they will, it never hurts to ask.
Should I sell my house for sale by owner??
There are 3 other houses for sale in the subdivision. We have only lived there 3 months but we are just unhappy and want to move back home. Should I sell it by owner or use a real estate agent. How is the process different??Should I sell my house for sale by owner??
The process is different because if you do FSBO, you do all the work. If you use a Realtor, they do all the work.
This is what I tell people that want to try FSBO. Don't buy one of those packages that give you some canned forms, signs, put it on some website and give you ';marketing tips'; - you don't need that. Buy some signs, make flyers, put it on free sites like craigslist, don't spend a bunch of money on this.
Safety first, have a by appoinment only policy and stick to it. Never show the house alone, always have a friend or family member with you. Pack away heirlooms and valuables, today's buyer could be tomorrow's thief. Have your house clean, depersonalized, and decluttered.
After you have tried this, a Realtor will be there to help when you get serious about selling.
If you bought 3 months ago, I hope you can sell it for what you need to get out of it. Could you rent it out instead?Should I sell my house for sale by owner??
Here are a few good reasons why you should hire a REALTOR庐:
Your REALTOR庐 can help you negotiate.
Your REALTOR庐 can guide you through the closing process and make sure everything flows together smoothly.
When selling your home, your REALTOR庐 can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Your REALTOR庐 markets your property to other real estate agents and the public.
Your REALTOR庐 will know when, where and how to advertise your property.
When you attempt to sell FSBO, you are basically on your own relative to contractual issues, advertising, and similar.
It's your call whether or not you feel up to handling such a sale.
Be advised that contractual language is not easy. If you sign inappropriate documents, you are bound to same.
As a real estate broker, I can only tell you about the numbers of folks who have signed silly contracts. Be very careful.
I am doing buy owner with no luck, and on top of that , if you decide to go with an agent later, they can't take you because buy owner is considered your listing agent, in todays market and the situation you are in, it's a waste of money, go with an agent, there are going to be forms needed that an agent will be needed to under stand the language.
Use a real estate agent. There are so many things that are involved in selling a house that real estate agents are trained to know....i think there are special fees and things involved with selling a house. If you are not familiar with selling houses i would definitely go with a real estate agent; just look around for a good one and good luck :)
The advantage of FSBO is you save RE commissions, which can be substantial.
The disadvantages are many if you have never sold on your own. If you can underprice the other houses, then you have a good shot. You will need a RE attorney if you have never done this. It's not difficult but this is an important transaction. Also, you will have to do the advertising and showings yourself. If you are willing to do that, then by all means try it for a few weeks and see what happens.
There are also some low cost ways to advertise. You can put it on Craigslist and you can try postlets.com. Also, put signs around the neighborhood with the address on them, especially on high traffic corners. There are also some brokers out there that will put it on the MLS for you for a low flat fee. It all depends how much work you are willing to do to save substantial $$ and how comfortable you are in handling the sale. In this market, you may want to find the best realtor you can, price it right, and sign a short term, 60-90 days max, listing contract.
If you know how much your house is worth and the rules and laws associated with selling your house, go for it.
The real estate agents handle everything. They will get everything done. Only...they have to get paid for everything.
If you have never sold a house before by yourself, I reccommend using a real estate agent. It's a lot less hassle. Good luck, and sorry you guys weren't happy there.
I wouldnt! My parents done it and some weird people would call and say theyd be back and never was! It was a hassle!
use a realtor--they can help you with the paper work and your house will have more exposure(they will put it in the mls)
The process is different because if you do FSBO, you do all the work. If you use a Realtor, they do all the work.
This is what I tell people that want to try FSBO. Don't buy one of those packages that give you some canned forms, signs, put it on some website and give you ';marketing tips'; - you don't need that. Buy some signs, make flyers, put it on free sites like craigslist, don't spend a bunch of money on this.
Safety first, have a by appoinment only policy and stick to it. Never show the house alone, always have a friend or family member with you. Pack away heirlooms and valuables, today's buyer could be tomorrow's thief. Have your house clean, depersonalized, and decluttered.
After you have tried this, a Realtor will be there to help when you get serious about selling.
If you bought 3 months ago, I hope you can sell it for what you need to get out of it. Could you rent it out instead?Should I sell my house for sale by owner??
Here are a few good reasons why you should hire a REALTOR庐:
Your REALTOR庐 can help you negotiate.
Your REALTOR庐 can guide you through the closing process and make sure everything flows together smoothly.
When selling your home, your REALTOR庐 can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Your REALTOR庐 markets your property to other real estate agents and the public.
Your REALTOR庐 will know when, where and how to advertise your property.
When you attempt to sell FSBO, you are basically on your own relative to contractual issues, advertising, and similar.
It's your call whether or not you feel up to handling such a sale.
Be advised that contractual language is not easy. If you sign inappropriate documents, you are bound to same.
As a real estate broker, I can only tell you about the numbers of folks who have signed silly contracts. Be very careful.
I am doing buy owner with no luck, and on top of that , if you decide to go with an agent later, they can't take you because buy owner is considered your listing agent, in todays market and the situation you are in, it's a waste of money, go with an agent, there are going to be forms needed that an agent will be needed to under stand the language.
Use a real estate agent. There are so many things that are involved in selling a house that real estate agents are trained to know....i think there are special fees and things involved with selling a house. If you are not familiar with selling houses i would definitely go with a real estate agent; just look around for a good one and good luck :)
The advantage of FSBO is you save RE commissions, which can be substantial.
The disadvantages are many if you have never sold on your own. If you can underprice the other houses, then you have a good shot. You will need a RE attorney if you have never done this. It's not difficult but this is an important transaction. Also, you will have to do the advertising and showings yourself. If you are willing to do that, then by all means try it for a few weeks and see what happens.
There are also some low cost ways to advertise. You can put it on Craigslist and you can try postlets.com. Also, put signs around the neighborhood with the address on them, especially on high traffic corners. There are also some brokers out there that will put it on the MLS for you for a low flat fee. It all depends how much work you are willing to do to save substantial $$ and how comfortable you are in handling the sale. In this market, you may want to find the best realtor you can, price it right, and sign a short term, 60-90 days max, listing contract.
If you know how much your house is worth and the rules and laws associated with selling your house, go for it.
The real estate agents handle everything. They will get everything done. Only...they have to get paid for everything.
If you have never sold a house before by yourself, I reccommend using a real estate agent. It's a lot less hassle. Good luck, and sorry you guys weren't happy there.
I wouldnt! My parents done it and some weird people would call and say theyd be back and never was! It was a hassle!
use a realtor--they can help you with the paper work and your house will have more exposure(they will put it in the mls)
How do you list your house for sale by owner?
I am a Realtor in Oregon and Washington. I started in the business in 1986. I take 15 clock hours of continuing education per year for each state. Even yesterday, I asked my colleagues about something I hadn't run across before.
Sure, you want to save the commission. I don't blame you. But mistakes are expensive.
Two weeks ago I listed a condo for sale. The day after my sign went up, another went up 'By Owner.' Three days later, mine was sold, but I had two buyers left over.
I called the 'By Owner' guy to see if he had sold yet and he was excited because he had sold his, too. My customer sold his condo for $130,000 (1,000 over full price) and paid a $6,500 commission. His net will be about $123,500.
The By Owner? He sold his for $115,000! He saved the commission but it cost him $15,000! He could have sold for $130,000!
It was as if he had sold the condo and paid a 11.5% commission!
Here's a link to the one I sold: http://www.rmlsweb.com/Reports.asp?CMAID鈥?/a>
You can click on the address and get a pop-up map of the location.
Go with a Realtor, Please?
If you want, I can refer you to an experienced, full time agent in your hometown that I will personally interview.
You can contact me toll free or by email.
Best wishes,
Leigh M
Portland
http://www.LeighMaynard.comHow do you list your house for sale by owner?
Yep. Same answer here. You'll save a commission, but you'll either get way less than you could with an agent, or you'll keep it on the market forever and eventually hire an agent, losing all that time and money you were paying your mortgage. Happens every time.
Plus, do you know how to handle counter offers, inspections, disclosure....on and on and on. There's a lot of work that goes into a sale. It's not just putting a sign in the yard. FSBOs are stuck with all the work themselves and usually miss or mess up something.
This is a legal transaction for a large amount of money. You wouldn't go to court without a lawyer and expect to be successful.How do you list your house for sale by owner?
for sale by owner
Buy a for sale sign %26amp; put your phone number. Advertise your home in the newspapers. Make flyers to put out in a tube on your for sale sign so potential buyers can drive by %26amp; grab info to take home to show spouse. Be prepared to deal with difficult buyers %26amp; to drop everything at the drop of a hat to go %26amp; show your house to people who drive by it %26amp; want to see it right then! You still won't have the xpsoure of being listed in the Multiple listing service. If you want that you can pay 4% with byowner.com or network %26amp; bring more buyers. I personally would not want to deal with all this %26amp; spend my wknds having open houses %26amp; what not- I would recommend hiring a professional - you can always negociat eono the commission.
Sure, you want to save the commission. I don't blame you. But mistakes are expensive.
Two weeks ago I listed a condo for sale. The day after my sign went up, another went up 'By Owner.' Three days later, mine was sold, but I had two buyers left over.
I called the 'By Owner' guy to see if he had sold yet and he was excited because he had sold his, too. My customer sold his condo for $130,000 (1,000 over full price) and paid a $6,500 commission. His net will be about $123,500.
The By Owner? He sold his for $115,000! He saved the commission but it cost him $15,000! He could have sold for $130,000!
It was as if he had sold the condo and paid a 11.5% commission!
Here's a link to the one I sold: http://www.rmlsweb.com/Reports.asp?CMAID鈥?/a>
You can click on the address and get a pop-up map of the location.
Go with a Realtor, Please?
If you want, I can refer you to an experienced, full time agent in your hometown that I will personally interview.
You can contact me toll free or by email.
Best wishes,
Leigh M
Portland
http://www.LeighMaynard.comHow do you list your house for sale by owner?
Yep. Same answer here. You'll save a commission, but you'll either get way less than you could with an agent, or you'll keep it on the market forever and eventually hire an agent, losing all that time and money you were paying your mortgage. Happens every time.
Plus, do you know how to handle counter offers, inspections, disclosure....on and on and on. There's a lot of work that goes into a sale. It's not just putting a sign in the yard. FSBOs are stuck with all the work themselves and usually miss or mess up something.
This is a legal transaction for a large amount of money. You wouldn't go to court without a lawyer and expect to be successful.How do you list your house for sale by owner?
for sale by owner
Buy a for sale sign %26amp; put your phone number. Advertise your home in the newspapers. Make flyers to put out in a tube on your for sale sign so potential buyers can drive by %26amp; grab info to take home to show spouse. Be prepared to deal with difficult buyers %26amp; to drop everything at the drop of a hat to go %26amp; show your house to people who drive by it %26amp; want to see it right then! You still won't have the xpsoure of being listed in the Multiple listing service. If you want that you can pay 4% with byowner.com or network %26amp; bring more buyers. I personally would not want to deal with all this %26amp; spend my wknds having open houses %26amp; what not- I would recommend hiring a professional - you can always negociat eono the commission.
If we sell our house for sale by owner who do we have to pay?
Do we have to pay a buying agentIf we sell our house for sale by owner who do we have to pay?
I have sold several homes without using a real estate agent. You don't have to pay a real estate agent any fees, even when they are representing the buyer.
An agent representing a buyer is a contract between the buyer and the agent, not you. Let the buyer settle up with his agent, it doesn't involve you unless you let it, by signing an agreement to pay the buyers agent.
If you should decide to not sell it yourself and use an agent to sell the house, then you owe your agent a fee. Your agent will share that fee with the buyers agent. You will not have to pay two fees.If we sell our house for sale by owner who do we have to pay?
While many homeowners have sold their homes themselves, there are many issues that you need to consider. Escrow; who will hold the buyer's earnest money deposit? Contract; generic forms are available at office supply stores, but they're not much more than ';I agree to sell and you agree to buy'; forms. A contract must cover issues as potential title problems, title insurance, inspection, default and default penalties, closing costs and closing agent to name a few. Marketing; it can be expensive advertising your home. Yes, if you list your home you will have to pay a commission, but the listing Realtor is there to help you with these issues and the biggest reason for listing is the marketing exposure through MLS. Many MLS sites also offer exposure (through realtor.com) to public sites. So it's not just other Realtors that see your home, but the general public also. I think you will find there are more reasons than not to list.
realtor.sailor
You don't say where the property you are selling is located, but in the US typically there are certain costs that you will have. Other costs are usually negotiated in the contract. As a FSBO, whether you pay a buyer's agent commission is negotiated in the contract.
Typical costs can include: Title Co closing costs, including closing fees, attorney fees to prepare documents (does NOT rep. you or the buyer), release of lien fee, fee for the payoff statement(s) from your lien holder(s) if you have mortgage loan(s) or other liens on the title, pro-rated property taxes from Jan 1 thru day of closing, courier fees, etc. Of course, you will have deductions to pay-off any mortgage loan(s) on the property. You may find there are other fees that are typical in your area.
I suggest you contact the title co. or lawyer you will use to give you an estimate of the costs you can expect for your local area.
These are just ideas of costs at closing that you may have. I am not suggesting what other costs you may have in advertising/marketing your property for sale or as a result of negotiations of an offer.
If such an agent brings you a buyer, you will end up paying in one form or another. You can either agree to pay the buyer agent fee, OR you can expect offers to be lowered by the amount of the buyer agent fee, which the buyer will then pay.
No buyer is going to swallow the fees involved to help YOU not pay for real estate services, as a seller.
You will have to pay the buyer's agent a percentage of the sale price and hopefully you will hire yourself an attorney, so you will have to pay them as well.
Ranger c
This in itself tells me you do not know what you are doing.
I have sold several homes without using a real estate agent. You don't have to pay a real estate agent any fees, even when they are representing the buyer.
An agent representing a buyer is a contract between the buyer and the agent, not you. Let the buyer settle up with his agent, it doesn't involve you unless you let it, by signing an agreement to pay the buyers agent.
If you should decide to not sell it yourself and use an agent to sell the house, then you owe your agent a fee. Your agent will share that fee with the buyers agent. You will not have to pay two fees.If we sell our house for sale by owner who do we have to pay?
While many homeowners have sold their homes themselves, there are many issues that you need to consider. Escrow; who will hold the buyer's earnest money deposit? Contract; generic forms are available at office supply stores, but they're not much more than ';I agree to sell and you agree to buy'; forms. A contract must cover issues as potential title problems, title insurance, inspection, default and default penalties, closing costs and closing agent to name a few. Marketing; it can be expensive advertising your home. Yes, if you list your home you will have to pay a commission, but the listing Realtor is there to help you with these issues and the biggest reason for listing is the marketing exposure through MLS. Many MLS sites also offer exposure (through realtor.com) to public sites. So it's not just other Realtors that see your home, but the general public also. I think you will find there are more reasons than not to list.
realtor.sailor
You don't say where the property you are selling is located, but in the US typically there are certain costs that you will have. Other costs are usually negotiated in the contract. As a FSBO, whether you pay a buyer's agent commission is negotiated in the contract.
Typical costs can include: Title Co closing costs, including closing fees, attorney fees to prepare documents (does NOT rep. you or the buyer), release of lien fee, fee for the payoff statement(s) from your lien holder(s) if you have mortgage loan(s) or other liens on the title, pro-rated property taxes from Jan 1 thru day of closing, courier fees, etc. Of course, you will have deductions to pay-off any mortgage loan(s) on the property. You may find there are other fees that are typical in your area.
I suggest you contact the title co. or lawyer you will use to give you an estimate of the costs you can expect for your local area.
These are just ideas of costs at closing that you may have. I am not suggesting what other costs you may have in advertising/marketing your property for sale or as a result of negotiations of an offer.
If such an agent brings you a buyer, you will end up paying in one form or another. You can either agree to pay the buyer agent fee, OR you can expect offers to be lowered by the amount of the buyer agent fee, which the buyer will then pay.
No buyer is going to swallow the fees involved to help YOU not pay for real estate services, as a seller.
You will have to pay the buyer's agent a percentage of the sale price and hopefully you will hire yourself an attorney, so you will have to pay them as well.
Ranger c
This in itself tells me you do not know what you are doing.
I was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
Has anyone tried listing their house for sale by owner? Why should I hire a realtor and pay 6% in commissions? thank for the helpI was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
Pros: Realtors can sometimes get the home sold faster and for more money. Don't forget, the fees you'll spend on the Realtor will be saved if the Realtor saves you 6 months on the market. Realtors can do all the work necessary to comply with local, state, and federal regulations. Realtors will put the home on a Multiple Listing Service, which will give exposure to many buyers through the web, and also exposure to other Realtors, who each may have buyers who match your home. As for advertising, you can go ahead and market your home yourself, but you're out those costs whether it sells or not. When you have a Realtor advertising for you, you're not paying for those advertising fees. If you don't advertise, the only people who will even know about your home being for sale will be those who drive by and those you tell about it. You'll miss out on over 95% of the buyers for a given area. You will not have to come to the house for every showing scheduled. Oh yeah, sometimes those people don't show up for their showings, and you're left waiting for an hour or more, missing work. You will probably be asked to pay a Buyer's Agent for a potential buyer anyway.
Cons: between 5% and 7% commission. You may have to interview many agents to find the right one.
Good luck with the sale, regardless of which way to go. I do strongly suggest that you interview some agents anyway, so you can see some of the things you will need to do if you decide to sell by yourself.I was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
There are several reasons why you would use a realtor.
1. they pay for the advertising, (not you)
2.They have access to different lenders for mtg's depending on the buyers needs.
3. Most people work during the day that are selling a home. So if someone wanted to look at your home in work hours, are you going to be able to show them the home?
A lot of buyers just drive by and want to look at a home at the drop of a hat.
4 The agents has to handle all the calls at all times of the day. If your at work you may not be able to take every call that comes in.
5. The agent will make sure that the buyers are qualified to purchase before they bother you with bogus offers.
6. They have other agents in their office that may have clients that are looking for a home like yours.
7 They list homes on the MLS ( multi list) that every other agent has access to that gives information about your home.
This is just a few reason why an agent instead of FSBO.
Also most FSBO end up getting a listing agent in under 90 days.
The biggest con to listing FSBO is that if someone who has a buyers agent wants to see your house many times the agent will steer them away.
Also, there is so much behind the scenes with paperwork that most folks are unaware of. If you choose that route make sure to hire a good real estate attorney.
*disclaimer* I am not in the real estate industry, just a buyer who has run up against this.
Most of the time in my area FSBOs list their home for too much money, so there is no saving. A few months later they will list with a real estate agent. The only real estate agent that will take the listing will let them list for the still to high price, which now way to high because the market is dropping. Nine to twelve months later there the home sits.
You pay the real estate agent to market your home. Your home will go on a Multiple listing service were other real estate agents will see it. It won't be just you selling your home but all the agents in the area. Also you should get good info about pricing, marketing and legal issues.
I can see going without a real estate agent in a hot market or even a discount one in a hot market. But now you need every advantage you can get.
I won't show a FSBO because there are too many issues I don't want to discover once I have a motivated buyer making a offer.
Pros: Realtors can sometimes get the home sold faster and for more money. Don't forget, the fees you'll spend on the Realtor will be saved if the Realtor saves you 6 months on the market. Realtors can do all the work necessary to comply with local, state, and federal regulations. Realtors will put the home on a Multiple Listing Service, which will give exposure to many buyers through the web, and also exposure to other Realtors, who each may have buyers who match your home. As for advertising, you can go ahead and market your home yourself, but you're out those costs whether it sells or not. When you have a Realtor advertising for you, you're not paying for those advertising fees. If you don't advertise, the only people who will even know about your home being for sale will be those who drive by and those you tell about it. You'll miss out on over 95% of the buyers for a given area. You will not have to come to the house for every showing scheduled. Oh yeah, sometimes those people don't show up for their showings, and you're left waiting for an hour or more, missing work. You will probably be asked to pay a Buyer's Agent for a potential buyer anyway.
Cons: between 5% and 7% commission. You may have to interview many agents to find the right one.
Good luck with the sale, regardless of which way to go. I do strongly suggest that you interview some agents anyway, so you can see some of the things you will need to do if you decide to sell by yourself.I was wondering the pro's and con's of hiring a realtor vs listing my house for sale by owner?
There are several reasons why you would use a realtor.
1. they pay for the advertising, (not you)
2.They have access to different lenders for mtg's depending on the buyers needs.
3. Most people work during the day that are selling a home. So if someone wanted to look at your home in work hours, are you going to be able to show them the home?
A lot of buyers just drive by and want to look at a home at the drop of a hat.
4 The agents has to handle all the calls at all times of the day. If your at work you may not be able to take every call that comes in.
5. The agent will make sure that the buyers are qualified to purchase before they bother you with bogus offers.
6. They have other agents in their office that may have clients that are looking for a home like yours.
7 They list homes on the MLS ( multi list) that every other agent has access to that gives information about your home.
This is just a few reason why an agent instead of FSBO.
Also most FSBO end up getting a listing agent in under 90 days.
The biggest con to listing FSBO is that if someone who has a buyers agent wants to see your house many times the agent will steer them away.
Also, there is so much behind the scenes with paperwork that most folks are unaware of. If you choose that route make sure to hire a good real estate attorney.
*disclaimer* I am not in the real estate industry, just a buyer who has run up against this.
Most of the time in my area FSBOs list their home for too much money, so there is no saving. A few months later they will list with a real estate agent. The only real estate agent that will take the listing will let them list for the still to high price, which now way to high because the market is dropping. Nine to twelve months later there the home sits.
You pay the real estate agent to market your home. Your home will go on a Multiple listing service were other real estate agents will see it. It won't be just you selling your home but all the agents in the area. Also you should get good info about pricing, marketing and legal issues.
I can see going without a real estate agent in a hot market or even a discount one in a hot market. But now you need every advantage you can get.
I won't show a FSBO because there are too many issues I don't want to discover once I have a motivated buyer making a offer.
Does anyone know of a free website for looking up houses for sale by owners?
http://www.allthelistings.com and http://www.zillow.com have many fsbos. Just no realistic buyersDoes anyone know of a free website for looking up houses for sale by owners?
check out http://www.yourmitra.com and http://www.rentalandrealestate.com
RKDoes anyone know of a free website for looking up houses for sale by owners?
Be very careful of for sale by owners. Sellers usually dont disclose what's really in their house. They usually do not have a proper document to present, not because they dont want to but most of the time, they do not know what kind of documents are needed.
Get with the professional REALTOR to help you look for a home, you will save a lot of headeach and frustration.
Real estate agents normally do not charge you for representation.
If you still end up buying from a For Sale by Owner, make sure to use a title co. or a real estate lawyer to close on that deal to make sure all paperworks are done properly...
I Hope this helps!
http://craigslist.org
Find your area and click on Real Estate for Sale, it's under the Housing heading.
I'm not aware of many pay websites for this, but by owner should be free and not part of any real estate agents yardage either!
check out http://www.yourmitra.com and http://www.rentalandrealestate.com
RKDoes anyone know of a free website for looking up houses for sale by owners?
Be very careful of for sale by owners. Sellers usually dont disclose what's really in their house. They usually do not have a proper document to present, not because they dont want to but most of the time, they do not know what kind of documents are needed.
Get with the professional REALTOR to help you look for a home, you will save a lot of headeach and frustration.
Real estate agents normally do not charge you for representation.
If you still end up buying from a For Sale by Owner, make sure to use a title co. or a real estate lawyer to close on that deal to make sure all paperworks are done properly...
I Hope this helps!
http://craigslist.org
Find your area and click on Real Estate for Sale, it's under the Housing heading.
I'm not aware of many pay websites for this, but by owner should be free and not part of any real estate agents yardage either!
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