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The Water Cooler
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Selling your home yourself
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<blockquote data-quote="10Seconds" data-source="post: 1905041" data-attributes="member: 24432"><p>I am in the real estate business. As a builder/developer/investor, not as a realtor. I have gone from like many here desipising realtors, to thinking they are a necessary evil, to now and more correctly realizing that they can be an invaluable business partner.</p><p></p><p>Just as many of us have long standing relationships with business partners, so do realtors. They may have a client they have worked with for a long time that would be a potiential buyer for your property. </p><p></p><p>It is quite possible that you can sell your house faster and for more money using their services. And you can negotiate the fee up front too. I never give over 5% when listing a house and structure it as 3% to selling agent and 2% to listing agent. 4% cap if the listing agent is the selling agent. </p><p></p><p>Also, when I am buying a property that is a fsbo, I know I am going to immediately offer you less anyway. Usually owners always think their properties are worth more than they are.</p><p></p><p>So for all your supposed savings, you lose all of a professional's advertising, connections, the higher volume of traffic of potiential buyers. Plus you have to deal face to face with guys like me who love negotiating. <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="10Seconds, post: 1905041, member: 24432"] I am in the real estate business. As a builder/developer/investor, not as a realtor. I have gone from like many here desipising realtors, to thinking they are a necessary evil, to now and more correctly realizing that they can be an invaluable business partner. Just as many of us have long standing relationships with business partners, so do realtors. They may have a client they have worked with for a long time that would be a potiential buyer for your property. It is quite possible that you can sell your house faster and for more money using their services. And you can negotiate the fee up front too. I never give over 5% when listing a house and structure it as 3% to selling agent and 2% to listing agent. 4% cap if the listing agent is the selling agent. Also, when I am buying a property that is a fsbo, I know I am going to immediately offer you less anyway. Usually owners always think their properties are worth more than they are. So for all your supposed savings, you lose all of a professional's advertising, connections, the higher volume of traffic of potiential buyers. Plus you have to deal face to face with guys like me who love negotiating. :) [/QUOTE]
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