Don't need an Agent to sell- save $ thousands
Original post made by Real Estate so Hot - on May 27, 2013
Remember that the seller is the one who pays for the Real Estate agent, unless you take some matters into your own hands.
When markets are slow, the Real Estate industry used to try to corner the market with their Multiple Listing Service - which was mostly only available to other agents.
But in today's world, information is much more open and available, and buyers will find you!
If you really want some help, hire an honest agent to work for you by the hour, by the job, or use an attorney. When times are slow some agents, especially those in a private group that call themselves "realtors" , would much rather charge a large percentage of the house, because they get a lot of money, without regard for how many hours they actually work. This might've made sense in the 60's, when houses sold for much less, and for more like a person's annual salary, but now it is really exorbitant.
For example, if a house sells for $750K, the agents try to take 6%, or $45,000!
If you were to pay someone $50/hr, that would be paying for 900 hours of work, or almost half a year's full time effort! How long do you work the $45K?
Another way is to negotiate a lower rate, or a fixed price for someone's services.
When you do run your ad, be sure to specify Principals Only, or you may be overrun by real estate agents trying to "help you!" (The ruder one's may call despite that. If they say they have a buyer- tell them their buyer can pay them. )
Q. Can some one please post good places to advertise your house?
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