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re: Someone Explain Realtors To Me

Posted on 3/26/13 at 3:45 pm to
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6025 posts
Posted on 3/26/13 at 3:45 pm to
You will need to hire an agent to market the house and they will take a commission based on the sale price of the house which is usually 2.5% to 3%. They will try and sell it quick as possible as opposed to get the most bang for your buck so you must be stern with the sale price.

Also, I'm not 100% on this, but you may need to hire an appraiser to decide the value of the house.

Not helpful advice but I thought I'd throw in my 2 cent.
This post was edited on 3/26/13 at 3:50 pm
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4466 posts
Posted on 3/26/13 at 4:15 pm to
quote:

Also, I'm not 100% on this, but you may need to hire an appraiser to decide the value of the house.


Negative.....a GOOD realtor will pull up comps in your neighborhood and tell you where you should be as far as sales price goes.

And yes, you look for a new house while yours is on the market. If you find a house, you'll proabably need to put an offer in on it contingent on financing and the sale of your existing home. Again, something a GOOD agent will give you solid advice for.

If you feel like you're still wading through a big of pile of shite after you've hired a realtor for all this, then you've hired the wrong realtor.
Posted by ItNeverRains
37069
Member since Oct 2007
25628 posts
Posted on 3/26/13 at 4:28 pm to
quote:

They will try and sell it quick as possible as opposed to get the most bang for your buck so you must be stern with the sale price


As a realtor, in my market there hasn't been a better time for a home buyer to puff their chest out and price their home above fair market value based on local comps within the last 120 days since 2007.

Unless, you have a cash buyer, you can only sell your home for the amount a bank is willing to loan a buyer, as most buyers get a mortgage, especially at sub 4% mney.

Interview a few agents, ask them to show you the comps from the last 120 days in your neighborhood/local area. The one that impresses you the most and you feel most comfortable with is te ne i would move forward with.


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