Monday, August 16, 2010

I've property for sale - through broker or do it myself?

I would sell thru an agent. It is so much easier. If you've never sold a place before without an agent, you have no idea the cost and paperwork that goes into selling your property.





I just left a real estate office and there is lots of work involved.





With an agent, you'll get advertising in multiple places (or you should). In our office, we posted a listing on 3 different websites. We advertise in the local paper, which is not cheap but the agent pays for that.





In our office, the agents work for 5% and if a different agent from any other company brought in the buyer, then the selling agent and the buyers agent split the 5%. It can sound like a lot of money, but when you figure your agent will most likely only get 2.5 or 3 %, they do alot of work for that (or they should).





When you list, you usually list for 3 months but that can be cancelled at any time. If you feel your agent is not doing their job, then you can relist with someone else.





It is much easier to list with an agent. After working in a real estate office and seeing all the work they do and all the paperwork that is involved with offers, I'd always go with an agent, they are worth the money.





Homes listed with agents sell quicker than homes listed by the owner. Agents are able to get your home more exposure on the internet and in news papers.I've property for sale - through broker or do it myself?
if you are going to sell it your self, you can try to just sell it your self without offering a % to a agent who brings a buyer, this means much advertising on your side and the place better be a really good deal





then you can try selling it your self, but place the property with one of those flat listing services that will put your place in the mls and offer 3% to buyers agent , anyhting less and you will not get a bite





third option is to go broker at 6%, but in this case shop around find out what are they going to do for the 6%, advertising is the key, open houses is not, open house is just a cheap way to make the seller feel good, never get a lead for your house while the brokers gets leads for other houses they have threw the people looking at your houseI've property for sale - through broker or do it myself?
you should have title insurance on the property before you sale on your own this will let you know that you have clear title and any buyers know that it is clear of any defects in title.
I would sell through an agent





Why?





Most buyers will automatically deduct 3-6% for the money you saved in realtor fees.





In this market get a professional on your side.





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