Why don't you first try "For Sale By Owner" and then you will find a huge appreciation and value in a Realtor. Good luck.
Here are your optons.
Be aware, for professionals, this is a business, not a hobby.
These options ARE available.
1. Zero...you pay nothing. nada, not a dime.
2. You pay agent flat fee for MLS entry
3. YOu pay flat fee for MLS entry and limited service
4. You pay pro-rated contingency compensation.
5. you pay contingency compensation
6. You pay 100% over base price
7. Deffered compensation on tertiary market.
Of these seven optons 3 are gauranteed to erode your profit, but fully meet your 'cheapest' expectation.
What you are exibing is the thinking..the mindset of those who will be forever POOR. These who are forever POOR always think in terms of 'What does it cost?" Those who understand wealth, who actually would like to rub against wealth, must change the tinking from cost to 'How much will I make?"
Let me repeat...."HOW MUCH WILL I MAKE?"
The profit mentality, what you thought you had, is outcome based (not what you are exhibiiting), not cost based (what you are exhibiting), Those who expereince profit, who have wealth, know you will need to invest in the resources needed to create wealth. Some, seeing another who apppears naive, swoop in with the assurances that assuage the fear of the 'cost' minded.
Until you truly grasp this reality, you will be forever working with those who will pick your pockets clean and you will be completely unaware. The one thing you will know is....Your money has evaporated.
At this moment 14 have responded.
This is your chance to embrace the wealth mindset and ask the agents you interview...
"How much profit will I make?"
(Smell the coffee. This is the question JON is asking himself. He IS profit minded.)
You will discover, the quality of the service you engage, (note the word is QUALITY) is dramaticly more imporatnt than the COST!
The choice, however, is always yours to make. That's what is so incredible about real estate, there are so many choices to match what buyers and sellers want. So, are you seriously consider #1?
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
A good and experienced agent knows how to maximize your profits from a sale by combining marketing, staging, proper offer analysis, assessing buyer motivation, specific contract clauses, negotiation at the beginning and throughout the transaction, etc... but these talented and experienced experts are probably NOT going to be the cheapest.
If you are interested in this please contact me directly or fill out our seller's form here: http://lvrealestatehelp.weebly.com/selling-real-estate.html
Not only should you be concerned with minimizing closing costs but also ask how to maximize your selling price.
We are here and happy to help anytime.
The Adams Team at
Rothwell Gornt Companies
If that is not going to work then google agents in your area by name and see what others are saying about them and their work ethics, just as you would and thing else you would buy. Just because they are top listing agents don't always mean they are great at selling. Do your home work on all aspects including companies that just buys homes.. it may take more time and get top dollar for the home opposed to settling for less.
Agents do a lot of work, and spend their money in promoting your home when selling it... it is worth the exposure with MLS as it gets millions of eyes looking at the property that normally wont see it. Good luck to you!
As I read the question posed by you, I can't help but think you must have had some pretty poor representation in the past. A good Realtor brings a wealth of knowledge, experience, and savvy to each transaction. I don't think you realize how much effort goes into each transaction and that is a shame. If you would like to discuss why a Realtor is worth the commission they earn, I would be more than happy to sit down with you and go through the entire process from start to finish. If you are not local to Las Vegas, I am happy to do this on the phone, Skype, or email.
Desert Valley Realty
10161 Park Run Drive #150
Las Vegas, NV 89145
The unforeseen cost to you: Until you sell your house there is no profit. The house will not sell unless it is at or below FMV in the majority of cases. If you owe on a mortgage every day that passes until it sells is costing you money. Depending on your location/sector is the house depreciating or appreciating monthly. Have you already missed the prime/peak selling periods in your area? On average how many days can you expect your house to be on the market in your area before getting an offer 4 - 10+ months? I think at this point we may have hit on a few unanticipated costs.
The profit: I think realtor fees may be the least of your worries when it comes to eroding profit.
Good luck to you!
Best wishes to you making top dollar!
If you are willing to do some of the work yourself you can find some brokers that work on a reduced commission. It will not be a full service broker, but perhaps that would work out best for you. The best way to go about this is to specifically look for a "discount brokerage" and make some calls. Best of Luck to you!
Typically half of what you give the listing agent goes to the buyer's agent. It will depend on your market what would be acceptable. There are agents who will not show a property if they receive less than X% of the sale. Meaning you could be losing the buyer willing to pay the most by short changing the buyer's agent.
The listing agent should have a marketing plan and be able to tell you what they are doing at what stage in order to get you the highest price, at the least inconvenience to you. Even more important would be the negotiations once you have a bonafide offer.
You should interview agents to find the one who will give you enough of what you need at the price you are willing to give. Otherwise, do it yourself - For sale by Owner.
Commissions can vary by service, type of agent, etc. Not all agents are created equal. Just because an agent discounts doesn't mean that they are less skilled than a full fee agent. And visa versa. It is really important to have a conversation with the agent and determine a win-win for you and the Broker.
Market conditions, marketing, skill set, risk management, project management, negotiating, error and omission insurance, an agent and a brokerage that will still be around in for the long term and which will be supportive if something goes wrong.
All the best to you.
For more information call me or email me