Real Estate and its pricing is always LOCAL. You should contact an agent in the Ellijay area who can prepare a Comparative Market Analysis to give you an idea of what is currently on the market as your "competition" and also what has sold in the past 3-4 months to show what price the market is indicating. Any realtor can supply this for you free of charge. Pricing will also depend on age, whether or not you are on a permanent foundation, your neighborhood and ease of access.
Century 21 In The Mountains
Blue Ridge and Ellijay, Ga.
There are people who can sell their own property successfully, but the numbers show that the percentage who do is very low. Visit Realtor.com and there will be information about that right here on Trulia. More than 80% of FSBOs will give up and hire a Realtor. Think of the time and expense incurred when it doesn't work out. If you go it on your own, consider how you will screen potential buyers so you know who is showing up at your door. Not only from a safety standpoint but also, tangible proof on whether they can even buy your property and are not wasting your time. There's plenty of daunting tasks to market and sell a home that many consumers have no idea what a Realtor handles behind the scenes. Also, marketing exposure is absolutely critical and hugely expensive. Do you know your rights and how to protect yourself in accordance with law regarding home inspections, appraisal, and contractual obligations? What about mold or the possibility of mold in your house, lead paint to mention a few other common issues these days.
My best advice to you is to do your homework in regards to the limited services a discount broker provides vs. a full service Realtor. Ask a family member, friend or neighbor to refer you to a trusted Realtor if you don't know one. Get the facts on the market and how your house compares to the competition because there is a lot of competition. Be careful not to let someone "sell you", but will "tell you" straight up. I sincerely wish you the best in your decision and I hope I've given you something to really think about in order to help you make the best decision.... more
I'm new to Trulia and almost 99% a Buyer's Agent but I don't think any listing service allows one to select two categories. But I happen to have two clients who are looking specifically for rental property right now and so I appreciate your conundrum.
I think your agent is right that more folks are looking for second homes rather than pure rental plays. But my two clients are the exception to that rule, and the local MLS does not have a category for Rental Cabin.
So, my, less than perfect suggestion, is make it Residential in the MLS and Income/Investment in Trulia and Zillow (for a month at least) and see what happens..
Speak with your Realtor to go over the options available in your local listing service (we call it MLS here in Massachusetts). You really want to market the property as its "highest and best use" to obtain the greatest amount of value for the home. A sharp Realtor will be able to provide you with this analysis and certainly a licensed appraiser would be able to do a highest and best use report on the property. Then once you know the best use, you focuse your marketing towards that type of sale..... more
If you mean on the MLS, that's up to the rules on your local MLS. But the answer's probably "no." You can do a "sale" and a "rental"--and have two listings that way, but not two "sales."
Suggestion: If you're willing to continue renting, list one under "sale" with the comment that seller will be willing to consider owner-financing or a lease-option. But another under "rentals" with a similar notation--that the owner would be willing to consider a lease-option or lease-purchase. Check with your agent to see whether such an approach would be permitted.