It depends... If the listing agent wants to charge more for the listing, and reduce the buyerâ€™s agent commission, they better give you some really good reasons why they have earned and increased commission. I would also keep in mind that Real Estate Agents are people too, and they do this as their profession. If your home is offering 2.5% to the buyerâ€™s agent, but comparable homes are offering 3%, itâ€™s likely they will show the other homes, before they show yours. You may end up shooting yourself in the foot, and that pricing strategy doesnâ€™t benefit you at all, just your agent.... more
Coming a family with multiple investment properties...you will want to be committed to renting the home out if that is your decision. The home is your asset and you need to know how to protect it - any renters can do serious damage to a home if you aren't careful and sometime the security deposit isn't enough to cover the damages. What do you do then? Do you know?
I would delve deep into some property management books to know what you need to know. You will need to comply with multiple laws and get access to lease agreements in order to protect yourself (Realtors can't supply them unless you pay them commission).
If it were me, I would rather rent out the home, but I know what I'm getting into. I also remember what it was like for me in college and how little I cared about maintaining the home we rented...choose wisely!... more