It really pays to get a Professional Real Estate Agent on your side. They have the knowledge, and experience to get a higher price for your residence. Comissions are negotiable. Interview a few realtors and see who meet your criteria better.
Best of Luck,
It it really worth it to lose 4-9% of what you could have made and face possible lawsuits in the future for contract / disclosure problems when you could have just hired a specialist?
Maybe you're really smart, savvy, and have a lot of time on your hands. Remember that 10-15% less is only the average so you could certainly make more money than you would have using an agent. Only you can decide what is right for you.
Golden Land Investments & Financial, Inc.
1. How much of my time and resources ($$) am I willing to put toward marketing my house?
2. How much liability am I willing to accept during the legal transaction?
3. What is the Salida market like and how much hard data do I have? (not, my neighbor put a sign in the yard and sold in three days)
4. Would you do your own root canal?
If you feel good about your answers, I'd suggest spending some time in Barnes & Noble looking through the real estate books. There are many written about FSBO (because you can make money denouncing real estate agents) and some of them are quite good. I've done this myself, to see what is logical and what is just huffing and puffing.
Find the book that fits your style and makes you feel comfortable with the process. And if you're not going to pay a Realtor, GET AN ATTORNEY to review the contracts.
I wonder what you do for a living... I think I'll do that too. --I know I'm being snarky, but it's kind of an exhausting question when you work very hard and help a lot of people through a difficult transaction. That said, there are those who are quite capable of selling their own homes.
First I would ask myself why. It sometimes seems like a simple process to sell my home and save the listing broker commission. But it is complicated. 1. There are state requirements as far as disclosures and other mandatory legalities that are common to a broker that you would have to get up to speed on. By selleng your own home, you are subject to these same requirements. 2. Most Realtors have a $1M Errors and Omissions policy in place in case something goes wrong after all of their knowledge and diligence is put into play. 3. The main ingredient in home sales is exposure. You will get some local response from your sign. A little more from expensive ads, etc. A Realtor will give you international exposure through all of the major search engines on line as well as the MLS listing. 4. Finally, 85% of For Sale By Owners wind up hiring a Realtor after sometimes months of frustration. Often you will have to deal with cunning scam artists as well as other disreputable people you don't know coming to your home by appointment or just showing up. Most NAR reports show that homes sold by Realtors sell for 20% more than by a For Sale By Owner. Just some things to consider before taking on this monumental and daunting task. Best of luck to you in getting your home sold.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
1. I doubt if a Denver based Realtor is going to drive to Salida for a free CMA. Even if she's willing, unless she knows the Salida market, how accurate would her numbers be?
2. Contrary to what the Los Angeles respondent said, there is no firm or maximum commission in Colorado, by law. Though 6% is a reasonable, and often used average rate, in this market, 5% is more typical.
Cherry Creek Properties
Selling a home on your own is a bit like going fishing with no prior knowledge, equipment or training. You might catch a few, but more likely you will end up empty handed, frustrated and wasted money and time. You would be much more successful hiring a guide that has the proper equipment and knowledge to help you have a successful catch.
Call if you'd like to talk to a knowledgeable guide.