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Started By
Message
Which home listing sells faster?
Posted on 3/29/15 at 6:00 pm
Posted on 3/29/15 at 6:00 pm
I know there are many factors that can influence the process but just on the surface....
1. A home listed with a realtor or
2. A home for sale by owner listed for 5% less?
1. A home listed with a realtor or
2. A home for sale by owner listed for 5% less?
This post was edited on 3/29/15 at 6:01 pm
17
Posted on 3/29/15 at 6:01 pm to tigersofbr24
quote:
I know there are many factors that can influence the process but just on the surface....
1. A home listed with a realtor or
2. A home for sale by owner listed for 5% less?
not a factor, list it
Posted on 3/29/15 at 6:03 pm to tigersofbr24
2
Posted on 3/29/15 at 6:03 pm to tigersofbr24
1 no doubt
Posted on 3/29/15 at 6:04 pm to tigersofbr24
If you are in a hot area, 2. If you are not, 1.
Posted on 3/29/15 at 6:05 pm to tigersofbr24
1 without question.
Posted on 3/29/15 at 6:05 pm to tigersofbr24
I would guess the house #1 would have more exposure by being listed on the MLS...I'm not sure house #2 can get on the MLS ???
Posted on 3/29/15 at 6:06 pm to tigersofbr24
1
Posted on 3/29/15 at 6:07 pm to tigersofbr24
I don't have any scientific studies to pull from, but I've known two people in the last year who started off selling their home by owner. After a few months of just some nibbles, both went to realtors and sold their homes within weeks.
Posted on 3/29/15 at 6:09 pm to tigersofbr24
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.
Posted on 3/29/15 at 6:09 pm to tigersofbr24
We listed ourselves and sold in a week, saved the realtor fee which would have been about 50k
Posted on 3/29/15 at 6:12 pm to tigersofbr24
I got under contract for a new house on Thursday. My current one will be put on the market next Monday.
I went back and forth on selling myself or realtor. The new one is under construction and I didn't expect to be in this situation when I woke up Thursday morning, I hope I can add some samples to your hypothesis in a couple of weeks.
I went back and forth on selling myself or realtor. The new one is under construction and I didn't expect to be in this situation when I woke up Thursday morning, I hope I can add some samples to your hypothesis in a couple of weeks.
Posted on 3/29/15 at 6:16 pm to tigersofbr24
The only market where 2 sells first is an area under very heavy demand and a shortage of homes. A sellers market.
I hate the fees as much as anyone as we have multiple work related moves
I hate the fees as much as anyone as we have multiple work related moves
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 7:17 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 7:49 pm to tigersofbr24
Realtors are scum
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