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06371 : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling1
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Activity 4
Wed Nov 16, 2016
Elsa_zacarias asked:
Sun May 31, 2015
Gabriel Gresko answered:
You can post your home for sale on websites like Trulia and Zillow for free. If you are serious about selling your home I would suggest hiring a professional Real Estate Agent. Here are a few of the reasons why:

1) Real Estate agents have access to the multiple listing service (MLS)- the database that Trulia, realtor.com and Zillow feed off of. Agents working with buyers most often use the MLS to gather information, view homes and schedule showings. Since professional agents almost exclusively work with pre-approved buyers- your home needs to be in the place that they are pulling their information from. This should be your first priority. Putting your home on Craigslist might find you an interested "buyer", but is the buyer pre-approved or did you just clean your house for 2 hours and open your house to a stranger whom was window shopping?

2) Professional Real Estate agents use hard data and local information to give you a clear picture of the market value of your home. Furthermore they market your home through numerous types of print ads, mailings, websites, personal networks and social media.

3)Professional Realtors not only find buyers but also take you step by step through the process of selling a home including reviewing the purchase and sales agreement*, negotiating terms with the buyer/buyer's agent, providing information on addendums*, tracking the buyers progress with getting inspections, appraisals, home insurance and the loan. And finally assisting with you with preparing for your closing.

4) The buyer of your home will likely have a real estate agent. In most cases as a For Sale By Owner you will be shelling over 2.5%-3% of the sales price of your home to the buyers agent. In my opinion, it would be in your best interest to put an additional 2.5-3% for an agent of your own so that your best interests are served. You will find that a good seller's Agent is worth every penny.

*Always have your lawyer review purchase and sales agreements and addendums to disclose all of the information and implications of these documents.
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Mon Apr 23, 2012
C Tanner answered:
Get a different agent who is familiar with the area. Do not use a different agent from the same office, it will not work out in your favor. The agent that you have now should have told you that you have the option to go with another realtor at the time that you were looking at the property that he/she is the listing agent for, but they probably didn't because they are being greedy. They may have told you, as I was told, that they do it "all the time." You will not be properly represented in this scenario.

Get an aggressive agent with a good reputation who knows your market and who is not afraid to ruffle some feathers. Then get a great inspector for your home inspection and you should be on the right track.

Good luck!
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