- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Someone Explain Realtors To Me
Posted on 3/26/13 at 3:39 pm
Posted on 3/26/13 at 3:39 pm
I own a home now but bought it from my cousin. We had paperwork drawn up by a realtor friend and that was that. If I'm looking to sell, where do I start? Do I hire a broker to sell my house and at the same time look for houses for me? How much will this cost me?
Posted on 3/26/13 at 3:45 pm to LETSGEAUX2
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.
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 on 3/26/13 at 4:15 pm to Mootsman
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 on 3/26/13 at 4:28 pm to Mootsman
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.
Posted on 3/26/13 at 6:28 pm to ItNeverRains
Well "Realtor" is a term associated with Licensed Real Estate agents that are associated with the National Association of Realtors. Not all licensees are members of the Realtors organization. However, Realtors have access to the multiple listing service, which will allow your property to be seen by the masses.
As seller you have multiple options at your disposal.
You can list your home for sale on For Sale by Owner website and represent yourself. You could even offer to pay a 2-3% commission in hopes of attracting buyers who are already using a licensed real estate agent.
You can list your home with a limited service broker for several hundred dollars. He or she will place your home in the MLS and your home will be seen by people searching Realtor.com and other brokers websites. Again you could opt for paying a selling agent 2-3% commission in hopes of attracting buyers who are already using licensed real estate agent.
You can list your home with a full service broker who will list your home and represent you and walk you down the path to selling your home. More often than not these are 4%-6% percent listing with half going to the listing and half going to the selling.
As seller you have multiple options at your disposal.
You can list your home for sale on For Sale by Owner website and represent yourself. You could even offer to pay a 2-3% commission in hopes of attracting buyers who are already using a licensed real estate agent.
You can list your home with a limited service broker for several hundred dollars. He or she will place your home in the MLS and your home will be seen by people searching Realtor.com and other brokers websites. Again you could opt for paying a selling agent 2-3% commission in hopes of attracting buyers who are already using licensed real estate agent.
You can list your home with a full service broker who will list your home and represent you and walk you down the path to selling your home. More often than not these are 4%-6% percent listing with half going to the listing and half going to the selling.
Posted on 3/26/13 at 8:01 pm to DieSmilen
I listed mine on frsalebyowner.com couple weeks ago, already have 3 people interested..
Also have had 2 realtors call about it.
I just rather keep the 3% and try selling myself.
If it doesn't work out ill go the realtor route.
Also have had 2 realtors call about it.
I just rather keep the 3% and try selling myself.
If it doesn't work out ill go the realtor route.
Popular
Back to top
Follow TigerDroppings for LSU Football News