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Home > $10K to sell my home...Thanks but no thanks!

$10K to sell my home...Thanks but no thanks!

February 28th, 2009 at 07:30 am

We are selling our rental property. Yeah, yeah, yeah the economy, housing, lending and everything sucks, but I don't care. My trust is in God. Okay, so I've sold all four of our homes by myself in the past and never had a problem.

This time, I was thinking of using a realtor because I now work and felt I probably wouldn't have the time. But when I found out the fee was 6% and that would cost $10,000, I said, "I will take the time to sell my home myself."

I kept asking the realtor, so what exactly do you do that I can't do? We make flyers, show your home, and market it. Well, okay, I can do all that for less than $10,000. Nobody know and cares about my house more than me.

So our tenants move out officially tomorrow. I will get some work done in the next week, and then the house will go on the market. Yeah, the economy sucks but who cares. I'm excited, I have a new challenge to sell our home. I can't wait to see what happens, can you?

7 Responses to “$10K to sell my home...Thanks but no thanks!”

  1. scfr Says:

    Good luck with the sale!

  2. monkeymama Says:

    Good Luck!

    We paid $18k to sell our home - worth every penny. We actually snatched up our first home and almost our third home, at quite the bargain, because the selling realtors were TERRIBLE.

    Depends on the market probably. We had an excellent realtor who earned her keep.

    I don't think we considered very many "for sale by owner" homes. I think the terrible selling realtors had better deals to be had. So I have to give you that "for sale by owner" is better than hiring a bad realtor.

    In California the market is fierce and the laws are crazy. I can't imagine navigating a house sale alone. Other areas of the country I am sure are different and I could see why not worth the cost. But just had to say to not hire one can be pretty penny-wise pund-foolish where I live. Hopefully not in your case - I do wish you luck!

  3. monkeymama Says:

    Actually, we only paid $9k. 3%. Buying realtor may still ask for 3%.

  4. anonymouse Says:

    I ended up paying my realtor $14,000 or 5%. But it was sooo worth it. I would have priced my house way lower than what he thought I should have asked. So I ended up making more money than I would have if I sold it myself. Also, I wanted to sell the house in a week so I told him to price it accordingly. And it did! It actually sold in a couple of days.

  5. creditcardfree Says:

    Good luck!! I'm sure you'll do great since you have the experience of previous sales under your belt.

  6. lizajane Says:

    If you're up to the challenge, I say go for it, especially since you've done it before. I doubt they would be all that enthusiastic anyhow since you kept asking them what they did to earn that kind of money! LOL!! I'm sure you are paying for the expertise and the marketing and all that, and it sounds like it might be worse legally in some states than others but maybe yours isn't so bad.

  7. Joan.of.the.Arch Says:

    I liked dealing with owners selling their own homes. I found owners to be very forthcoming with info about the house. The nitty-gritty kind of info that I want when considering a place.

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