My husband and I are putting our house back on the market. The price we have it at breaks us even. We won't make money and we won't lose money. That means we don't have an flexibility in the price. What to do?
2007-04-05 01:14:31 · 11 answers · asked by socmum16 ♪ 5 in Business & Finance ➔ Renting & Real Estate
Our realtor has already figured the costs, including closing and realtor fees and the like. That is why our house is priced the way it is ... to cover all of that stuff. We come away with nothing.
2007-04-05 02:01:50 · update #1
More information: We don't live in the house. We live in Kansas City and the house is in the Denver area.
2007-04-05 08:04:25 · update #2
First, reconsider whether or not it is time for you to sell.
If it is, then you need to interview your realtors very carefully, and be sure you aren't signing on with one that is telling you what you want to hear. Make it clear that the price is firm, and move on to the question of "what can we do to reduce the TIME it takes to get that?"
Your realtor is the key here, and they are NOT all the same.
Oh, yeah, you want to save the commission. Well, you can't "save" the commission, you'll EARN it. Think about your Buyer. He's not likely to drive down your street unless he knows that the house he wants might be on it. Since your Buyer is probably going to call a Realtor, that's not very likely if you don't list. Do you want to show your house to every tire-kicker in the county? Your Realtor will screen serious buyers that want what you have for you. Do you want to drop what you're doing to run home to show your house? Your realtor will do that, too. Do you know how to write an enforceable contract? Your realtor does.
2007-04-05 01:31:21 · answer #1 · answered by open4one 7 · 1⤊ 1⤋
Have you considered all of the costs that you will incur upon closing? Your realtor can explain the costs to you but probably will not unless you ask. You need to know these costs so that you can look at saving money on each one and determine which costs you would like the buyer to pay if that is possible. If it is going to be a very tight transaction, you definitely want to work with someone that is knowledgeable. Interview several realtors before putting your house on the market. List with the one that gives the best answers to all of your questions.
Best of luck to you.
2007-04-05 01:51:17 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Can you do some fix up/clean up to the house to some of the more nit picky things? Get all the appliances serviced if you're not taking them with you. Include some sort of maintenance plan (like 1 year of lawn care), or something like that. I"ve heard that a lot of people are including gift cards to different stores, like Sears, Home Depot, or furniture stores for something like $1000 - $2000. If that's possible, you might try that. However, if you're not making money off the deal, then that just gets you more in debt, so be careful.
I'm not sure about the whole For Sale By Owner thing, but that might save you some money by not having to pay a broker/agent.
2007-04-05 02:14:10 · answer #3 · answered by Tonya in TX - Duck 6 · 1⤊ 0⤋
Ask your Realtor just how long he thinks its going to stay on the market at your asking price. You could sit on it for a considerable amount of time considering how the market is so unstable at this time. Take a look at the commission and tell your agent if we drop the price- you drop 1% off of your side of the commission. Commissions are negotiable/ if he want s the sale and you want it sold its a good solution.
2007-04-05 07:16:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Do a for sale by owner and cut out the realtor! Seriously. Consider the idea of quoting your lowest possible price so as not to put people off who might otherwise be interested.
2007-04-05 01:57:42 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Basically now is not the time to sell. Many people are having to seriously drop the price of their house and even then it can stay on the market forever.
So if you don't absolutly have to stay where you are. Either way there are ways to make the house more attractive. Completely declutter your house if you have been there a long time. Paint as well.
2007-04-05 03:16:57 · answer #6 · answered by jackson 7 · 0⤊ 0⤋
Add 9% to your price. Figure 6% for real estate broker fees and 3% of negotiation. You should then come out at least even. Good Luck.
2007-04-05 01:21:42 · answer #7 · answered by uptwospeed 3 · 1⤊ 0⤋
1
2017-02-10 17:46:19 · answer #8 · answered by Evan 4 · 0⤊ 0⤋
For more info on selling your home For Sale By Owner e mail me at www.dtutt@fgint.net. I am a Loan Officer and a Realtor. I recently sold my mom's house FSBO and my fiancee's uncle's home FSBO.
2007-04-05 03:16:54 · answer #9 · answered by Derik T 2 · 1⤊ 0⤋
Inflate the price higher than you want, that will give you some room to negotiate
2007-04-05 01:35:11 · answer #10 · answered by daniel a 2 · 0⤊ 0⤋