Be sure when you are placed on the MLS ect. that you make it Clear you are offering a Fair Commission to the Buyers Agent....
Be sure YOU know enough about the Selling end of the Process to not Screw yourself because the Buyers Agent works for the Buyer..not you
Don't forget to do a Seller's Disclosure (and disclose EVERYTHING you know about the property to keep yourself safe).
Here's the order that I usually take when listing a property:
Find Comps/Decide on a price (FSBO's are popular for being largely under priced or largely overpriced so this is key!)
Pull it up on the appraisal district for important information like tax appraised square footage and unexempt tax amount. (Put this info in your flier/online)
Take pictures and measurements of the rooms
Put a sign in the yard
Market, Market, Market
----put it in the paper, hold an open house, send out postcards to neighbors/neighborhoods one step below my level (example, if you're in an established neighborhood full of families and retirees, send postcards to a first time home owner type neighborhood), trulia, zillow, facebook, landsoftexas.com, MLS, OTHER REALTORS
And then keep reevaluating what you're doing. Price? Marketing? Etc...
If you get in over your head, go ahead and hire a good REALTOR.
Hope this helps!
They called me 5 months later and asked me to help them with the contract they had signed. I just couldn't believe how much they were taken for a ride. The buyer had an agent and they made the seller pay for the appraisal BEFORE they executed the contract as well as a home inspection and do all the repairs. So they were out almost $1000 and dind't even have a valid contract yet. By the time I stepped in, they had already incurred the expenses. The agent even had a little extra bonus for herself in the contract and she invcluded that the sellers must be out of the house 1 week before closing. The sellers throught that this was all standard. Anyway, the buyer decided not to sign a contract because more homes came on the market and they wanted to "look at more houses".
Talk about being taken for a ride. So Letty, do your homework and consider hiring a realtor to help you with the negotiating part at least.. Realtors are supposed to treat everyone fairly, I hope that this was an isolated case.
You have to do everything required by state, local, and federal government rules and regulations regarding the transfer and sale of real property.
My suggestion would be to interview three Realtors. Have them analyze your situation, then present their solutions. Compare their proposals, then either try it on your own, and if that does not work out, move on to plan B, or hire one right away.
Know that all Realtors are not the same.
Because pricing is key it also makes sense to pay a fee for a detailed market analysis so you know where to price your home. Price your home wrong and it will just sit on market and once it has been sitting for weeks or months you have lost the best opportunity to sell your home for top dollar.
Good luck to you. You can do it but remember there are a lot of things involved. The truly good Realtors and Agents do not just put a sign in your yard and collect their commission... not in this market. A good Realtor will help you price the home correctly so that you are in the top 15 to 20% of homes that sell in your area in any given month. When you miss that opportunity you will end up netting less than if you used a knowledgeable Realtor to help you in the first place. The secret is to price right and make the home show like a new.