2006-06-13 15:15:58 · 9 answers · asked by paty k 1 in Business & Finance ➔ Renting & Real Estate
Huh? You mean in marketing? Or do you mean like sued if you don't provide the correct required disclosures and things like that?
2006-06-13 15:19:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You will have closing costs that vary by state. I do not advise you attempting to sell your own property because the way the market is at the moment, there is a lot of inventory available. This means that you would really need to have someone representing and actively selling your home to potential buyers, not just neighbors stopping in to see how you decorated.
If you really want to sell your home, get a professional who will list in on your MLS, local newspaper and have showing, viewings and open houses.
In the long run, the commission will be well worth it. It's exhausting listing a home and you will be happy you paid to have it done right.
Additionally, the longer time that elapses, the more mortgage payments you will have and the realty commission could be equivalent.
REMEMBER, you can negotiate your commission. Normal fees are 6% but you could get away with 5%.
What state are you in?
2006-06-13 23:01:26 · answer #2 · answered by LiLiLA 2 · 0⤊ 0⤋
According to NAR statistics the average For Sale By Owner sells their property for $198,600 vs. $230,000 with a Realtor. That is about a 16% difference in price. So, you can try selling it yourself and save 6% just to loose another 16% for a difference of a 10% loss. Not really the best thing to do considering you have to do all the work and advertising too. One thing to consider is that most buyers (9 out of 10) use real estate agents, so it is critical to market your home to this group of buyers. Otherwise you may end up being penny wise and pound foolish. Bottom line find yourself a great agent.
2006-06-14 16:13:17 · answer #3 · answered by freezdriedromeo 1 · 0⤊ 0⤋
Contact your State's Real Estate Commission to find out about any required disclosures. Also have a very good attorney and be prepared to offer a coop fee to the buyers agent. Otherwise your limiting the amount of prospective buyers. YOU WILL NEED TO BE LISTED IN THE MLS --- CONTACT A BROKER FOR THIS SERVICE. Otherwise you're waisting your time.
2006-06-13 22:56:49 · answer #4 · answered by Christian T 1 · 0⤊ 0⤋
It costs a few thousand for escrow and title. After that there are very few expenses. A few inspections do not cost much. You can save quite a bit of money to sell your own home, and most escrow companies will help you through the process.
2006-06-13 22:20:00 · answer #5 · answered by JustJake 5 · 0⤊ 0⤋
I'm not sure but try http://www.americaschoice.com/ You essentially sell your house yourself but they do all the paperwork without all the commission costs.
2006-06-13 22:21:25 · answer #6 · answered by furious but whatever 6 · 0⤊ 0⤋
Nothing.... because you won't be able to in this market unless you list it below market value.
Real estate agents control most of the buyers.
Post your question at the real estate discussion forum at:http://www.homefindinginfo.com/realestateforum/default.asp
2006-06-14 20:46:56 · answer #7 · answered by bmwdlr 2 · 0⤊ 0⤋
$600 at closing for your lawyer
2006-06-13 22:20:58 · answer #8 · answered by hdwong58 3 · 0⤊ 0⤋
The best thing to try is blueedgerealty.com
2006-06-13 22:30:07 · answer #9 · answered by Anonymous · 0⤊ 0⤋