If 90% of buyers are online beginning their search (source: National Association of Realtors), and you where to list with a discount broker that puts it in an MLS, then 90% of the marketing is already done for you.
In most real estate transactions, a buyer's agent will bring you a buyer. Not the listing agent.
All the other advice given below is true about doing your own,
1) Open houses
2) Other marketing
3) Getting the price right
If you do go this route, I suggest getting a real estate attorney to look over any offers before signing (especially if you know nothing about how real estate transactions work) Missing paperwork is a nightmare.
A good listing agent can make the process very smooth for you.
There are some companies that will put homes on the MLS for a fee without any other services. My company, Keller Williams is not one of them. The reason we do not provide this service is because we know that it is not in the best interest of the seller. The statistics say that an experienced, well trained, professional RealtorÂ® will net you more money. Anytime people buy directly from an owner, they expect to pay less. Think of it as the difference between buying something at a store, compared to buying it a tag sale. We, as agents, know a lot of buyers & one of them might want your home. If have any more questions, feel free to email me: BarbBrown@kw.com.
I have closed thousands of loans over the years and can count on one hand the number of transactions that did not include a Realtor. My closing attorney says her number is higher than mine, perhaps as much as 1% of her volume were between buyer and seller without a Realtor. But she added that 99% of that 1% were between relatives. I have never heard that tidbit before discussing this with her. So if you are going to sell the property to your uncle there is no need to hire a Realtor.
I just finished mandatory CE and one of the red flags lenders are being told to investigate is the absence of a Realtor in a purchase transaction. Not that it matters, just thought it was interesting we are being told to watch out when no Realtor is involved.
Ellen Friedman, Keller Williams Realty, ellengfriedman@comcast, 617-448-1542
Some real estate agents will be happy to list your home for sale by owner in the Multiple Listing Service for a small fee. Usually you'll have to agree to pay a buyer's agent a commission if they bring you a ready, willing, and able buyer. But, if you sell the home on your own without the help of an agent, then you don't owe anyone a commission.
You will still have to do your own advertising, but a good real estate agent will also help you get your home for sale syndicated (advertised) on many of the top real estate sites that are advertising homes for sale to help increase the exposure of your home to more potential buyers.
If you would like to learn more about our Flat Fee MLS Service, visit me at http://www.howtoinfo.biz/1866/16.
Frank Dolski MBA, ABR, e-PRO
CARTUS & SIRVA Certified Relocation Specialist
Previews Luxury Home Specialist
Coldwell Banker Hearthside Realtors
If you wish to reconsider, interview several RealtorsÂ® in your area and best of luck!