We need to sell our home in Pacific Grove but have not owned it long enough to be able to afford the 6

Julie
Home Seller
Pacific Grove, CA

percent commission. We can afford the 3 percent to the buyer's agent. Having successfully done a FSBO in the past, we have been trying that route. We believe our price was in the ballpark based on comps in the area, however, prices seem to be getting lower. Is it tacky to ask for a market analysis from a couple of agents if we have no intention of listing with an agent?

Answers (8)
Cpbiz
Home Buyer
Arizona

Hi Julie,
Wondered if you sold the property FSBO? If not please contact me as I am looking for a property in PG.
cpbiz@ix.netcom.com

Fri Jul 10 2009, 20:24
Kennedy1
Home Buyer
Monterey, CA

Hi Julie, I am a pediatrician relocating to the area for medical practice and we are looking for a 3/2 house in pacific grove with seller financing. 200k down via hospital relocation package. email me if interested. peronalpediatrics@gmail.com

Tue Apr 14 2009, 13:27
Dorene Slavitz
Agent
Culver City, CA

Hi there Julie,
As a former resident of PG and former business owner in Carmel, I remember the agents there being very helpful. I can't hurt to ask, but it would be proper to offer them the listing if you find you cannot handle the entire process yourself. It is a lot of work, and you also might be able to negotiate the commission to something closer to what you can afford.

Best of luck to you!

Sun Apr 12 2009, 16:37
Dorene Slavitz
Agent
Culver City, CA

Hi there Julie,
As a former resident of PG and former business owner in Carmel, I remember the agents there being very helpful. I can't hurt to ask, but it would be proper to offer them the listing if you find you cannot handle the entire process yourself. It is a lot of work, and you also might be able to negotiate the commission to something closer to what you can afford.

Best of luck to you!

Sun Apr 12 2009, 16:37
Pam Winterbauer,...
Broker
San Ramon, CA

Julie....

I spoke with a Pacific Grove Realtor yesterday who is willing to do an evaluation for you. He was quite appalled at the thought of a local Realtor not willing to do one. Let us know if and how you would like to be contacted or if you prefer to make the connection yourself.

I am curious what part of Pacific Grove you are in as I have family there myself.

Sun Jan 27 2008, 22:15
Dot Chance
Agent
Studio City, CA

It is done all the time. But you do need to be upfront about what you are doing.

You may find a really great agent that will help you with some marketing tools - in hopes that if your home does not sell they will have the opportunity to step in and do it for you.

How do you plan to market your home for sale? Are you familiar with all the documents/disclosures you will need to provide to the buyer?

Best of luck to you!

Fri Jan 25 2008, 12:15
Pam Winterbauer,...
Broker
San Ramon, CA

Julie.....

It is ok to ask a Realtor to provide you with a market evaluation, it is a complimentary service they do. Be honest with them and let them know you do not have enough equity in the property. How long have you been there and what part of Pacific Grove are you selling?

Thu Jan 24 2008, 16:10
Keith Sorem
Agent
Glendale, CA
FIRST ANSWER

Julie
Thank you for your post.
When I work with owners selling without representation I offer a "FSBO" tool kit. There are things that I can suggest that they might need to market and sell their home, because some people can and do sell their homes without representation.

However, most Unrepresented Sellers eventually hire a Realtor. So I use the get by giving philosopjhy successfully. There is a limit to the advice and I'll share with you the reaon. Realtors have Errors and Omissions insurance to protect ourselves from lawsuits. The degree and type of infomation provided to homeowners can contribute to a lawsuit...even if we do not have a formal listing agreement or agency agreement in force.

The information contained in a Competitve Market Analysis is private and confidential The only way it can be obtained is with a membership in a Realtor association. So if I provided a CMA to somebody, and something goes wrong, the people suiing (usually buyers) go after the deep pockets, which would be my broker and me.

So, to answer your question, no, I only provide CMAs to my clients. In the initials stages of our relationship, I will limit the time and information I invest until I have a firm commitment that I have earned a client's trust and business.

There are three things that sellers want from Realtors (2007 CAR Seller Survey):
1. Selling price
2. Market time
3. What to do to make the home sell for top dollar in the shortest amount of time.

That happens to be what I do for a living. So, no, I do not give it away. If 90% of the time the buyer that purchases a home is brought to the home with a Realtor, what I bring to the table is my relationship and contacts with Realtors. No wonder that unrepresented sellers sell for on average 16% less than homes listed with Realtors, and over 86% of ownerrs eventually list. Why would you knowingly exclude 90% of the market?

I hope this provides you with some perspective.

Thu Jan 24 2008, 10:52

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