Well, since realtor pros have 90% of the listings, what can you do to attract attention to your home? The MLS and signage - Avail for $500.
Price it below the competition is the only way that makes sense. - Why is this a rationale thought?
Will you be home all day, 7-days a week and able to show your home when buyers want to see it? - Buy a lockbox at Home Depot
Are you writing a how-to book and need the experience? - Plenty of book avail.
Are you looking to fill extra time otherwise not occupied? Yes - It will take some time, what is your time worth to you? Again, I think that for the majority of people a realtor is a good idea, that said most people that had the desire could do it themselves.
Do you like to write ads and marketing materials? - Majority of marketing is on the MLS - you need about three lines of copy. for flyers get a digital camera and use powerpoint or word then go to kinkos and print it on nice paper
Do you like to spend money on an Internet presence to grab attention of the 75% of buyer who start looking on line? - $500 is typically cheaper than 3%
Do you believe buyers will tell you the truth about what they think of your home, you being the owner? - They may or they may not, they also my not tell the truth to the realtor.
Do you like to negotiate with buyers who want you to give them the savings you are getting by not paying a realtor? - In this market you have to negotiate as a seller if there is a realtor involved or not, don't assume that they are going to take that money off the top. Assuming this question is correct, you have to decide where you want your negotiations to start - At 100% of list (w/o a realtor) or 97% of list with a realtor.
Do you like opening your house to strangers for Open House so you can duplicate the effort of getting buyers to see your home? - Is the realtor only going to invite friends and family to an open????
Can you provide financing options for buyers to be sure they are qualified to buy your home? - No but there are about 5,000 website willing and able I would start at bankrate.com. Also, you could go to any mortgage broker and they will provide you with all kinds of marketing material assistance if you allow them to put their info out.
Of all these things, taking less money for your home will likely be the outcome. - Huh?
But I could be wrong. I would like to fix my car but I don't know how. - Difference is I could figure it out but it is not worth my time. Something you need to determine when selling your house.
I tried pulling my own tooth once. Hurt like blazes and bled. - And this is what it takes to become a realtor...
Good luck with doing it yourself though. - I agree.
Try researching "Fore Sale By Owner" on the internet. It will provide you with plenty of reading material. You won't have to worry about falling asleep, this information will take care of that....
The "Eckler Team"
The keys are pricing it right, marketing it strongly, and getting it into tip-top condition.
And make sure you have a lawyer.
One of the strong cases of why real estate agents and agencies sell so many homes is because of the size of the network they have created and continue to work on. Just the internet exposure with the main websites like Realtor.com and the sister sites such as this just keep expanding the sites they feed the listings to.
The best advice is exposure.
Which was based on this...
NAR mailed an eight-page questionnaire in August 2008 to a national sample of 133,000 home buyers and sellers who purchased their homes between July 2007 and June 2008, according to county records. It generated 10,053 usable responses; the adjusted response rate was 7.9 percent. All information is characteristic of the 12-month period ending in June 2008 with the exception of income data, which are for 2007. Because of rounding and omissions for space, percentage distributions for some findings may not add up to 100 percent.
"The statistics speak for themselves." sometimes what they are based on speaks
I wouldn't bother trying to sell it yourself. FSBO's worked back in the hayday, but in todays market you need a REALTOR. They say over 90% of FSBO's eventually sign with a REALTOR. The statistics speak for themselves.
Especially in this market you can try to do excactly -or come as close as possible- to what a Realtor would do for you:
First price the house right.
Compare your home to other homes in the market place which recently sold, incorporating very recent market conditions. Home Sales are part of a public record and are published weekly in the local papers. Our website has important relevant market information at your finger tips: http://www.1townandcountry.com
Next, you have to create exposure to potential buyers.
You can do so by advertising in your local papers, by listing your home whereever you can online (and maybe start your own website). You can even do your own open houses.
Pictures, lots of them, of your home, stress the positives of your property and neighborhood. An overwhelming number of buyers find homes they are interested in online. A yard sign is another important way to make potential buyers aware of your home.
Finally, in case you found a buyer, you will need to be able to talk about your home without any emotion to the buyer, and make sure you do not act or say (or omit) what may come back to haunt you. real estate is a very heavily regulated field, and you need to be aware of all the laws and regulations the Federal, State, and County and Local governments have put in place you may have to comply with.
Once you start taking ito account the time and money you spend, you may re-consider selling on your own. You are at a distinct disadvantage compared to seasoned real estate professionals. First of all, the right realtor will have experience and enthusiasm, and have the time you may not be able to muster. Hisor her experience in pricing is probably the most important decision made for a successful sale. Second, the money Realtors have spent to find buyers is many times larger than what you can spend on the sale of one home. Buyers do not like to waste time and will like the websites best which have as much information available in as little time as possible. Realtors spend hundreds of thousands of dollars just on websites and website marketing. That is also why NAR statistics show that homes listed with a Realtor tend to sell quicklier and at higher prices than homes sold without help of a Realtor.
Finally, it is alwasy harder to negotiate on your behalf than to have a proffessional negotiate on your part. this is why lawyers do not take their own cases, doctors do not treat their own familues, generally. An objective, clearheaded and skilled negotiator will likely be able to make deals close which someone without experience may not. Many buyers also do not like to deal with home owners directly. Not when they are previewing the home (they feel they have to be polite). Not when they are making offers, and when they are negotiating. It may not be imporssible, but again, you limit the number of likely buyers who would successfully purchase your home, when representing yourself.
A wise friend once told me, once you get the feeling you are pushing a cart of stones up a hill that is becoming steeper and steeper, you need to start paying attention to alternative routes.
Let me know if I can help you with any other information on helping you sell your home! Jamesport is a beautiful town and our market has been relatively lucky compared to national conditions. Don't let anyone tell you differently.
The best way to sell a house is to get it into the local MLS. There are some realtors that will, for a flat fee, put it into the MLS. Also, if you're not using a REALTOR(r) then you should at least have a real estate attorney. You need to protect yourself and your assets.
I was invited in to give my opinion on a home nearby last month and after several attempts to contact the owner- email, voice messages- and not even the courtesy of a "thanks we have decided on something else," they went with ForSaleBy Owner.com. Picking the brains of a few realtors for a price is understandable, but at least respond to their messages. They might have a buyer for you.
If there is anything that I have learned in my 40+ years
is that I do not know everything;
nor will I ever.
When I need medical advice I go to a doctor,
when I need legal advice I go to an
attorney, when I have a plumbing problems
I learned not to rely on my husband and
cut my losses by calling the plumber.
If it is a seller's market where you are
then give it shot and try to sell it
yourself but if not use a professional.
There are many books.
Check out the LATimes Real Estate section
they normally rate and suggest books.
If you need a referral for a listing agent let me know
you are in the country.
Send me your home address at firstname.lastname@example.org and I will be MORE then HAPPY to send you some tips and helpfeul hints. While I do agree with my fellow Realtors that you should hire someone, I understand the need to try and do it yourself. I feel that once you try it and see how much is involved, you will want to get a Realtor. I am here to help you in any way that I can, with no charge to you,and will send you as much as I can. The only thing that I need is your address. And remember, Coldwell Banker M & D Goodlife and I will be there to help you with whatever advice, tips or information that you may need. All free of charge!
Or you can call me at 631-680-0079 and we can start right away to helping you sell you house!
There is a reason we are licensed. There is a reason we have to continue educating constantly.
National statistics show that represented sellers gain 21.76% more for their properties than unrepresented sellers.
There are over 26,000 Realtors on the Multiple Listing Service who will be trying to sell your house for you when you are properly listed and represented.
Want more reasons? Give me a call.
Threre does not seem to be any better way of selling a home privately without alot of marketing dollars that usually bring very low offers or worse, unqualified ones. You are asking this question of a "Realtor" place, which hopefully, may well be providential for you, since you are here.
Realtors in general have demonstrated a much higher selling price for home owners, by last census, some 12% higher then what the average homeowner was able to get. Even adding in our fees, still put you way ahead of the average for sale by owner, without any fees or work involved, or risk, for that matter.
Look for a professional Realtor who can demonstrate for you, their ability, a strong resume of successful sales, and your level of trust (the touchy feely kind) you have.
Just for the record, you can look up my profile right here on Trulia. The Realtor approach may scare you into believing that you are locked into a long, arduous contract, but that should not be. Today's benchmark of quality Realtors will have a performance guarantee, and rather then upset their clients, take their home off the market, freely, if they don't perform to that standard.
Feel free to email me any questions and concerns you may have using this approach.