we need to sell our house ASAP - can't really afford to pay all of the sellers costs including the commission. Don't want to make any money from the sale - just enough to pay off the exisiting mortgage. Should we list it with an agent - or for sale by owner? Any one with advice - please help??
2006-08-09 12:43:57 · 13 answers · asked by Adam A 1 in Business & Finance ➔ Renting & Real Estate
the house should also appraise for about 15,000 - 17,000 - more than what we owe.
2006-08-09 12:47:15 · update #1
Agent:
MLS listing/Knowledge of the Area/ and potential knows another agent who has a buyer for your home.
If you in trouble with the mortgage payment would you rather sell and make a small payment to the mortgage company or Foreclose screw up your credit and wish you just used a Real Estate Agent to get all done. Real Estate Agents are also Licensed by the state so they can protect you from buyers who are trying to low ball your asking price.
2006-08-09 19:33:45 · answer #1 · answered by Openthathouse.com 4 · 0⤊ 2⤋
First it depends alot on where you live and what type of real estate laws you are dealing with. Some states make it really easy for people to sell by owner, other don't. That being said, in any case, my opinion would be to get an agent. It will sell more quickly and you will probably get more for your house. The real estate agents also do a lot more than just find buyers for your home. There is a lot of work involved that most people don't know about unless you have tried to sell a house by owner. I say leave it to someone who knows the business.
2006-08-09 22:18:33 · answer #2 · answered by Mel 2 · 1⤊ 0⤋
Unless you're in an area where houses are selling very fast, and there aren't many of those around right now, it'll probably sell faster if listed with an agent that's one of the big agencies in your area. They have the advertising and contacts to get the word out to potential buyers, and will often put it on their website which probably gets lots of lookers. Will also advise you on pricing, and on how to make the house more attractive to potential buyers. But of course, you pay for those services in the form of a commission, which isn't small.
You could always try selling it yourself for a few weeks, then list if it hasn't sold. The problem there is time. A lot of people with kids want to get moved before school starts, and you're already right against that deadline. Once you get into fall and winter, house sales slow down.
In most areas, the housing market has slowed down, probably due to interest rates being higher than a year or two ago.
Good luck.
2006-08-09 19:57:14 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
both for many reasons, for example take me and this is just me but when I see a house for rent or sale by owner I always feel I like I can get a better deal working with the owner directly , since the owner will save on agent fees I can try to work part of thouse savings into my final price. now this is me but I am sure many more people feel the same way.
Draw backs are of course less exposure, you will have to deal with the paper work and final sale your self depending on your own knowledge or ability to learn this can eaither be easy or a big headache
with an agent you will get more exposure will not have to take the time to show the property yourself all they need from you is a yes and some signatures to sell if there is a buyer for the house or property
draw backs you lose people like me that are looking for the direct deal and opportunity to save rather it be $5000 or $50,000 well at the same time you getting your asking price or close to it real estate agents and agencies can charge a very hefty fee depending on the final cost of course of your property
2006-08-09 20:14:34 · answer #4 · answered by Miguel 2 · 1⤊ 0⤋
Go with an agent. Two reasons: MLS access and marketing. FSBO's rarely sell on their own, and if they do, it sure as heck isn't as quickly as the owners would like. Remember, the real estate agent's commissions may be negotiable. You can get a lower commission with the ommission of certain services, in some cases.
2006-08-09 22:10:57 · answer #5 · answered by Anonymous · 1⤊ 0⤋
What I did was this: I wanted to sell my house in a hurry so I called every real estate office in my phonebook and told them I had a property to sell and I described my home to them. I told them that if they had any immediate buyers to contact me. I was on the phone for two hours and sold my home the next day for more than fair market value. I even had back-up offers. Everyone was really surprised that we sold it that quickly because most homes were on the market for 6 months or more. Where there's a will, there's a way. Good Luck!
2006-08-10 03:18:26 · answer #6 · answered by Bree 2 · 2⤊ 0⤋
You'll get more coverage with an agent, so it might sell more quickly. Have you considered an agency like Help-U-Sell that lets you choose the level of service you'd like and has a set fee rather than a percentage? It's worth researching. It won't hurt to put a sign out and an ad in the paper to see if you get much response.... Good luck!
2006-08-09 19:52:05 · answer #7 · answered by Helpful Kim 3 · 2⤊ 1⤋
It is better to list with a reputable agency than to go on your own for a couple of very good reasons
: 1. You will get more prospective buyers looking at your home. 2. The agency can give you many helpful ideas about things to do to make your home more attractive.
2006-08-09 19:56:01 · answer #8 · answered by aangel012000a 1 · 1⤊ 0⤋
use an agent. i tried sell by owner, buyer wants to take advantage of you they want to get your house for nothing because they think you will save money no using an agent. Also, it's very difficult to push to close when you don't use an agent.
2006-08-09 20:19:34 · answer #9 · answered by 1001Questions 2 · 2⤊ 0⤋
By Owner
2006-08-09 19:48:56 · answer #10 · answered by Anonymous · 0⤊ 0⤋