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Posted on 3/29/15 at 6:28 pm to Bestbank Tiger
quote:
lol u poor
I'm working on it 
Posted on 3/29/15 at 6:46 pm to JJ27
Far from an OT baller just owned a place in a hot area in NJ, just across the river from NYC. Garage and backyard which people pay extra for.
We looked at buying this small condo for an investment property and this small one bedroom, about 800 sq feet with a deck and a nice view of NYC, generated a bidding war. List price was 245k and it sold for 285k
We looked at buying this small condo for an investment property and this small one bedroom, about 800 sq feet with a deck and a nice view of NYC, generated a bidding war. List price was 245k and it sold for 285k
This post was edited on 3/29/15 at 6:49 pm
Posted on 3/29/15 at 6:56 pm to lsu480
quote:
ALWAYS get the #1 real estate agent in your city to list you home if you want it to sell quickly. If you choose to use an agent you are paying the same % no matter who you use so it blows my mind why anyone would use anyone other than the #1 agent in town.
This isn't really true when selling a home. There's only so much an agent can do to market your home. The number 1 marketing tool is simply having ur home in MLS which is mostly automated, so anyone with an agent who's looking for a home similar to yours in the area of yours will automatically know about your home. As long as your listing agent can price your home properly, it'll get hits. I would argue that the number 1 agent in the area is good at convincing his clients to list their home at less money to sell quickly.
I can understand your point when buying with an agent, though. You want to know about everything out there. An agent with the most resources and work ethic is paramount in that situation.
Posted on 3/29/15 at 7:00 pm to tigersofbr24
Why on earth would someone list a home themselves for 5% less asking price? That's basically the realtor commission for both sides of the transaction. If that is the way someone sells then that someone is a moron. It's the same end result so enlist the sales professional to help you sell your house if the bottom line is the same.
Posted on 3/29/15 at 7:05 pm to VABuckeye
this is worse than the money board, commission is paid by the seller at contract rate, if ten realtors show up for one buyer they split it, and what's more, it you are a realtor and are involved in buying or selling property, you get a cut too
Posted on 3/29/15 at 7:16 pm to lsu480
quote:
ALWAYS get the #1 real estate agent in your city to list you home if you want it to sell quickly. If you choose to use an agent you are paying the same % no matter who you use so it blows my mind why anyone would use anyone other than the #1 agent in town.
FYI...the top agents usually are top because they list a lot of houses. It's way less time-consuming to list a bunch then to beat the pavement working with buyers. They aren't actually out there selling the house or doing anything different than anyone else. The difference is that they network better and thus get more listings.
Posted on 3/29/15 at 7:16 pm to 777Tiger
As others have said, it depends on many factors.
I have never used an agent to sell a house or buy a house. My wife and I are very picky about the area and the price range we desire. We have done this three times and it worked great every time. Now we have worked with the other persons agent to complete the transaction, and of course he/she got their cut.
We find a highly desirable area with the most visibility and each time the home has been in a planned community.
I will say this, if I was trying to sell a home on a random street, I would use an agent every time. But in our case, we have had people driving up taking flyers from the sign in the yard. The longest it took to sell a house was about 2 weeks.
I have never used an agent to sell a house or buy a house. My wife and I are very picky about the area and the price range we desire. We have done this three times and it worked great every time. Now we have worked with the other persons agent to complete the transaction, and of course he/she got their cut.
We find a highly desirable area with the most visibility and each time the home has been in a planned community.
I will say this, if I was trying to sell a home on a random street, I would use an agent every time. But in our case, we have had people driving up taking flyers from the sign in the yard. The longest it took to sell a house was about 2 weeks.
Posted on 3/29/15 at 7:17 pm to tigersofbr24
We sold ours ourselves last year. We listed it on craigslist and it's free. You're allowed a lot of photos. And we listed on FSBO for a free 2 week trial when we bought the for sale sign. I bought an info tube and made flyers. All in all, we sold our house for around $100. It all depends on what you want to deal with, a higher commission or more work if you do it yourself. We listed ours with that the prospective buyers had to be pre-qualified to eliminate people that would want to see it but no way can afford it. Our house stayed on the market for 16 days. Another tidbit for you to consider. Stage your house. Clean it and de-clutter it. A lot of work but worth it. Buyers want to imagine what they can do with the house if it is basically a blank slate.
Posted on 3/29/15 at 7:19 pm to tigersofbr24
OP, I know this is a rather broad statistic, and there are more that narrow it down some more if you look, but it's been proven that homes with Realtors sell for more on average.
When I was selling, this was actually narrowed down to just our MLS vs the FSBO statistics that appraisers had on file and it was still accurate though the gap wasn't quite as large.
quote:
However, statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket. According to the National Association of Realtor’s 2013 Profile of Home Buyers and Sellers, the average FSBO sales price was $174,900, while the average price for a home represented by an agent was $215,000, a difference of $40,100.
When I was selling, this was actually narrowed down to just our MLS vs the FSBO statistics that appraisers had on file and it was still accurate though the gap wasn't quite as large.
Posted on 3/29/15 at 7:21 pm to tigersofbr24
2 if you know what you are doing.
Posted on 3/29/15 at 7:23 pm to SECdragonmaster
quote:
and of course he/she got their cut.
Posted on 3/29/15 at 7:23 pm to hobotiger
quote:
realtor fee which would have been about 50k
quote:
sold for 285k
17.5% realtor fee?
This post was edited on 3/29/15 at 7:24 pm
Posted on 3/29/15 at 7:24 pm to hobotiger
quote:
List price was 245k and it sold for 285k
Then you didn't save anywhere near $50K unless you are bad at math.
ETA: You also had a bidding war because you listed it too cheap FYI. A Realtor would have been able to tell you this.
This post was edited on 3/29/15 at 7:26 pm
Posted on 3/29/15 at 7:27 pm to stout
That was a place we were looking to buy, we sold our place in Hoboken ourselves
Posted on 3/29/15 at 7:29 pm to hobotiger
Gotcha. I read your post wrong.
My bad
My bad
Posted on 3/29/15 at 7:49 pm to tigersofbr24
Realtors are scum
Posted on 3/29/15 at 7:51 pm to TIGRLEE
quote:To be fair, all realators, not just the one you hired, would tell you to take that burnt cross out of your front yard if you were serious about finding a buyer.
Realtors are scum
Posted on 3/29/15 at 7:54 pm to SuperSaint
That literally makes zero fricking sense at all.
Posted on 3/29/15 at 8:03 pm to 777Tiger
I sure hope you weren't disagreeing with me because my post was 100% accurate.
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