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Whatever you chose to do , your house is going to sell for what the market will bear. You can do all sorts of machinations about the buyer covering the commission of you list with an agent, but bottom line the buyer is going to pay whatever he/she would pay for a similar house in your area. If you think you'll get more to cover the commission, you will be disappointed.
I am not a realtor but have sold several houses. Your first offer is usually your best. I learned that the hard way. The first time we followed the market down by holding on the an unrealistic price. The last house we sold the buyer pulled out. We were just going to close attorney review when they pulled out. They got cold feet. We ended up have to take $25K less several months later.
Decide to list with an agent or not, bite the bullet and move forward.
Out here the limited representation listings sell well. People like certainty. When you are on the MLS for the $200 listings, at least agents know you are cooperative. Yes, you wrote that you will cooperate and that the buyer agent fee is negotiable, but when it is on the MLS that fee is set in stone so there is one less thing to negotiate over. For agents like myself that do buyer agency agreements for a minimum fee, I can easily tell my client what they might have to pay me based on the MLS. Since you are offering a negotiation over the fee, I can see some agents thinking that is code for "I'm difficult to deal with" rather than "I'm flexible."
Pay the $200 and get it on the MLS. Make it easy for agents.
This.
Agents don't look at Zillow to find homes. The MLS is our tool to find homes and share with our clients.
Using a realtor you're just paying a finders fee. The title company and any financial institute involved does most all the paper work. Sometimes the realtor shuffles some of their papers around. You can do the same thing.
The poster bought a house that had a 6% commission that the seller paid. Not the poster.
Whoops.
You are right. Scanning too quickly so I could get back to the hockey game.....
The point stands in general, though. MOST real estate sales do not carry a 6% commission, and it has been that way for years.
Median transaction commission totals nationally are in the 5% range.
I absolutely love these threads. BTW, where do I go to find out what we're blackballing this week?
I'm blackballing horseradish cheddar after an encounter last week...
Here's how FSBOs often mess up a sale, although in this instance I don't know if there is more to the game plan.
But, 20 and 30 days on Craigslist speaks volumes in a market where houses sell in a whirlwind, sight unseen, etc.
1. No address, but mapped to show it sits right on a heavily-trafficked main thoroughfare, while claiming to be on a cul-de-sac.
2. 2 photos, showing almost nothing. No interior photos. No floor plan.
3. No website offering mandatory disclosure forms.
4. "Flat Fee Only Agents?" I suppose I would qualify if I came in with a $25,000 "flat fee," perhaps?
I.e., all in all, not really focused on selling for best price. Focused on privacy and costs instead.
Here is the original posting from 30 days ago, after which the owner apparently decided the awful photos were showing too much. https://raleigh.craigslist.org/reo/d...328823287.html
It had no demand for only flat fee agents. Must have had too many people trying to buy the place against the owner's will.
And, apparently, the house was moved a few miles between 6/27 and 6/29.
IF you have a house on the market in that area for a month and it isn't sold, you are definitely doing something wrong. No one is blackballing. No one sees value, or the seller is pushing people away instead of engaging them properly.
Last edited by MikeJaquish; 06-29-2021 at 06:33 AM..
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Pretty simple, actually.
