Karen Scherp…, Home Seller in Ohio

How do we sell our home successfully without paying very high realtor fees ? Thank You ...

Asked by Karen Scherpenberg, Ohio Mon Mar 26, 2012

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Alan May is correct. Keep an eye on the bottom line and the fees you will pay a Realtor should compensate for the time and money lost sitting on the market. The expense for an agent to list and sell a home is high, not to mention helping you negotiate, work through contracts, avoid the land mines and get the deal closed safely.
Of course all agents out here are going to tell you that, but that is because we believe in what we do and have seen For-Sale-By-Owners sit on the market for months and months and months.
Remember the story about the owner of a top For-Sale-By-Owner website that tried to sell his million dollar condo for a year on his own website, while he continually dropped the price. He finally contracted an agent. The agent informed him that it was priced way to low. It was listed by the agent and sold quickly.
0 votes Thank Flag Link Mon Mar 26, 2012
It all depends on what you’re looking to accomplish. The commission you pay reflects the amount of time you would like to have your home on the market. I’ll explain further, when a client pays my team, ”The Good Life Team” 6%, they get professional pictures, video, floor plans, marketing in addition to several other marketing tools as well as exposure on every site. We also offer between 2.5 to 3% to cooperating agents on the MLS, which does 2 things, attracts the most agents with qualified buyers to your home, as most agents sell 3-4 homes a year the additional commission can mean an extra 5,000 to 7,500 in their pockets which is quite significant. It also assures a higher selling price as it will create competition and get your home sold faster. If you would prefer to have your home sold in 180+ days then you can negotiate and take some marketing out and pay less commission. Feel free to reach out to me and I can recommend a great Keller Williams agent in your town.

Marco Gomez
NY State Licensed Associate Broker
Keller Williams Landmark II
Mobile: (917) 734-2012
Fax: (877) 817-9101
0 votes Thank Flag Link Mon Mar 26, 2012
The bottom line is really what's important.

At the end of the transaction, regardless of whether you've had to pay Realtor fees, or not.... did you wind up walking away with more money.

My guess would be that in today's tough market, you'll have a better chance of obtaining the optimum bottom line, by using someone who markets homes for a living and knows the best ways to expose your property to the most eyeballs.
0 votes Thank Flag Link Mon Mar 26, 2012
Alan May, Real Estate Pro in Evanston, IL
Its not what you pay, Its what you net when you go to closing. What is important selling your home for the highest price or paying no Realtor fees.

Kevin Duffy
0 votes Thank Flag Link Mon Mar 26, 2012
I wasn't sure whether you were asking advice as to how to negotiate a Commission with a Realtor,
or whether you were asking advice on how to sell on your own (w/o a Realtor).

An Agent will take on a lot of work on your behalf -- from Pricing the property, Marketing it, and then fulfilling the role of "project manager" in getting the transaction to Closing. In this current, challenging market, this will all involve many, many hours of work in order to earn that Commission. If you have the time, patience, and expertise, you can certainly try to sell your home on your own -- but the statistics are probably against you -- most Sellers who start off as "For Sale by Owners", will eventually hire a professional to sell their home. The Spring market is here -- typically the busiest time of the year -- you don't want to miss this "window of opportunity".

Wishing you all the best for your sale.
0 votes Thank Flag Link Mon Mar 26, 2012
Karen what do you consider very high? Unlike some other brokerages I do not have an extra transaction fee or records retention fee that can range up to 500.00 added to your costs.
0 votes Thank Flag Link Mon Mar 26, 2012
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