BEST ANSWER
FIRST ANSWER
Hi,
Minimal expenses on the selling side is a good thing, as long as you sell for highest and best price, as well as maintain a solid position through inspections, title, negotiations, etc., and protect yourself from liability.
If you sell your property utilizing your existing marketing vehicle, you won't ever know if you would have or could have sold for higher. You can take you best guess at what you think and believe, but there is no way to prove your theory or belief. You can't do it over with a full service Realtor and compare results.
Alternatively, if you sell with a full service Realtor, you won't ever absolutely know if you might have been able to get the same price without risk or liability on your own or via a cheaper discount route.
Try to envision the possibilities in both scenarios.
Looking only at marketing, your current vehicle does not provide the same depth and breadth of marketing that you could achieve from a full service Broker. Marketing is one function of the Realtor's service, and a very important one; but not the only function. Your bottom line will depend on the results at the conclusion of the transaction.
If your competition (other properties for sale) reached a potential buyer that you did not, your opportunity for that buyer was lost. In that case, free was not free, it cost you a sale.
A full service Realtor will provide feedback that you will not be able to achieve on your own. Buyers will politely tell sellers while viewing a home that the price seems really 'good', the tile is "pretty" and the wallpaper is a "dream", only to tell their Realtor immediately upon exiting the home that the sellers are in "la-la land on the price", the tile is "hideous" and the wallpaper made them "dizzy." Buyers who view your home will not want to offend, and will tell you what they think you want to hear, because it is more comfortable for them. While a Realtor would not want to offend their seller client by quoting those exact buyer comments (and, yes, we do hear them that bluntly), a full service Realtor will work with the seller client to implement changes in presentation, marketing and pricing strategy. The results of which, may be the catalyst to securing a buyer at the highest and best price.
I don't blame you for wanting to save money and fees. I work hard for my income, and want to be careful about how I spend it. As a consumer, I totally understand why you would want to try a route that you believe will cost you less.
Yes, free could be a good thing, or could be costly. Since you are already listed, the following suggestion does not apply. For any Trulia readers who are considering selling and have not yet made a decision.............. It won’t cost you anything to meet with a few Realtors and ask them to explain their services and programs to you. You can invite full service , limited service, and discount brokers to provide you information. After evaluating your options, make an informed decision and choose the path that makes the most sense for you.
Wed Jul 18 2007, 08:52