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?
$10K to sell my home...Thanks but no thanks!
February 28th, 2009 at 03:30 pm
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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!
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