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HelicopterOff Topics › Help Selling a House - Any Tips
08-08-2007 04:20 AM  10 years agoPost 1
Mr.Green

rrVeteran

Kaysville, Utah

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I have my house up for sale by owner and am looking at some tips at getting it sold within the next 2 mounths and trying to avoid the expensive realtor fees. It seems most realtors are charging between 4 to 6% in fees for selling a house, and for my house that would amount to about $15,000.

I have a for sale sign out front with the tube with brochures in it with a picture of the house and description and all. I also have it listed on a couple of free websites. We've had a bunch of calls on it, but mostly realtors wanting to list it. The price we're aksing is pretty good for the neighborhood, and I think it is priced right. I just need to get some more exposure for it I guess without coughing up the $15,000 to a realtor.

I've heard you can go with a "seller's agent", and they charge about 3 to 4% in fees I think, and I'm not sure about them.

I havne't sold a house before and any tips would be great.

Mr.Green.

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08-08-2007 04:31 AM  10 years agoPost 2
wakeboarder2342

rrVeteran

USA

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good luck selling a house in utah in 2 months...

We have gone from selling 30-40 homes a year to probably 5 or 6 this year...

unless you plan on seriously discounting it plan on 12-18 months to sell a home, especially without using an agent.

The real estate market is very soft most everywhere and utah is no exception

favorite quote, no honey thats the same helicoptor i have always had

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08-08-2007 06:00 AM  10 years agoPost 3
helo_chris

rrVeteran

goodlettsville, tn

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You likely are going to get stuck dealing with an agent anyway, as most people wont buy without one. Generally the sellers agent charges 6% and splits that with the buyers agent. And an agent is an agent btw, just depends on who hires them. Call a few and talk to them and try to find one you like and see if you can get them to agree to 4%. If the market is soft you can probably get them to take it, especially if you have it priced to move. Keep in mind the more work they have to do the less likely they will want to lower the fees. So do some research and hire a home inspector and start making some minor repairs.

"There is a fine line between cutting edge and bleeding edge.."

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08-08-2007 07:11 AM  10 years agoPost 4
LouInSD

rrVeteran

San Diego CA USA

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Pay a good realtor to sell your house. You will get a higher price and net more cash in the end. When buyers see a FSBO the first thing they do is ask for a discount because you're not using a realtor.

I know a good one in Utah if you need one...

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08-08-2007 07:25 AM  10 years agoPost 5
spaceman spiff

rrKey Veteran

Tucson

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Some of my Mexican friends say its a good idea to hold a dead Saint hostage to get your house to sell. To do this get yourself one of those cheap ceramic dolls of Saint Joe or saint melvin or someone, and bury him upside down in your yard, be sure to tell him that you will release him when your house sells, and you are good to go

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08-08-2007 07:39 AM  10 years agoPost 6
GimbalFan (RIP)

rrProfessor

Big Coppitt Key, FL

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Bwahahaha. Ha.

<burrpprp>

op-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-t

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08-08-2007 01:25 PM  10 years agoPost 7
scatbass

rrNovice

Hiram, GA

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Get an agent (a good one...do your homework) or prepare to wait a long time and take a huge loss. It makes ALL the difference in the world. You really do get what you pay for.



Mike

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08-08-2007 02:53 PM  10 years agoPost 8
kirk

rrVeteran

Northern, Colorado

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Lease Option

If you are in a slow market, do not need to sell the house to buy another house, and do not want to pay big realtors fees, you could always lease option it to someone for 2 to 3 years. With the foreclosue rate here in CO the past fews years that is one of the best ways IMHO to sell a house right now and still make some money on it (You have a lot of good people who want to buy homes but can not qualify now but if commited they can in a couple of years). If you do not know what I am talking about or want me to explain further send me a PM...

Good Luck!!
Kirk

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08-08-2007 04:16 PM  10 years agoPost 9
Inspector Fuzz

rrKey Veteran

NLA

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I am a licensed realtor in Texas. Here are a couple of tidbits of info from NAR (National Association of Realtors).
90% of all FSBO's end up using an agent to sell their house in the end.
85% of all FSBO's (who sell the house themselves) end up selling for below market value.
How did you decide that your home was set at "a good price"?
The number one factor people use in setting the price of their house is emotion.
Also, you really are only saving maybe 3% since NO realtor will bring you a buyer unless you are willing to pay 3% to buyers agent.
If you decide to use a realtor, I would be suprised if they were willing to lower their fee. FSBO's are a nighmare to deal with, anyway. They usually hate realtors to begin with which is why they are selling themselves, and second they want to save as much money as possible, which makes negotiating difficult. They tend to pick apart the contract, worrying about a stupid little expense here or there instead of getting to the big picture of selling their home.
I tend to refer FSBO's to newer agents. It's good practice for them in dealing with difficult people. I don't need anymore practice, myself.
Best of luck with your sale.
JEFF

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08-08-2007 05:03 PM  10 years agoPost 10
Horacio

rrVeteran

CA

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We did FSBO in a hot market. The buyer paid the 6%. Some tips:
1. ALWAYS keep your home clean.
2. Take down ALL pictures of you/your family-depersonalize it.
3. Declutter all rooms/garage if possible. If your home shows jam packed, its not attractive.
4. Make sure your flyers in your tube dont get wet from the sprinklers. It seems like every time someone took a flyer, they could NEVER put the cap back on and if I wasnt home, the darn sprinklers would ruin my batch of flyers.
5. Take a couple of pictures of the best rooms in your home and include them on your flyer, include a shot of the backyard if its well manicured and attractive. You want people to be able to see themselves having a BBQ or small party back there.
6. If showing the home, dont crowd the potential buyer-let them walk around and dont follow them. I would even go out in the backyard on the patio while they toured my home. Have every light in the house on and soothing music that isnt too loud. Only when they are done walking around, ask them if they have any questions. Dont ask them for their phone number. I've been in some open houses where the owner will ask me for my name and phone number..what BS and its sort of pushy!
7. Hide your valuables!
8. Have an open house every weekend if possible.

In this market, your home has to be better than the next guys.
These are all things I did. I got top dollar and the home sold in
5 weeks.

Good luck-I hope you find some of this helpful!

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08-08-2007 05:13 PM  10 years agoPost 11
Pistol Pete

rrProfessor

Seffner, FL

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another tip...simmer cinnamon in the kitchen...gives the house that homeley feeling during open houses.

and some more tips

here

and more than you need

here...

best of luck!

~~Enjoying the hobby one flight at a time~~

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08-08-2007 05:59 PM  10 years agoPost 12
R Hudson

rrKey Veteran

Denver, CO

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...gives the house that homeley feeling during open houses.
Pete, did you mean homey instead?

Signature

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08-09-2007 01:57 PM  10 years agoPost 13
Pistol Pete

rrProfessor

Seffner, FL

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no...actually I meant HOMELY.

But thanks for checking? now the rest know we both suck at spelling...sometimes

~~Enjoying the hobby one flight at a time~~

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08-09-2007 03:45 PM  10 years agoPost 14
MARKGYVER

rrNovice

Littleton, Colorado

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Be willing to pay the buyers realtors fee 2.8%. Consider using a FSBO like company to get it listed in Realtor.com and the MLS.

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08-10-2007 04:36 AM  10 years agoPost 15
Tommy Z

rrKey Veteran

Lubbock, Texas

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Dang! I like the first tips Pete gave. Tanya is hot
Just bring here over, and say she's included

-Tommy Boy

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08-10-2007 05:31 AM  10 years agoPost 16
legoman67

rrElite Veteran

Nanoose Bay B.C,​Canada

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if you want it gone, put it in the local paper and/or throw it on ebay

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08-10-2007 08:02 PM  10 years agoPost 17
Mr.Green

rrVeteran

Kaysville, Utah

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Thank you for the tips. I'll be giving them a a try and use the agent as a last resort.

Mr.Green.

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08-12-2007 07:37 PM  10 years agoPost 18
Pistol Pete

rrProfessor

Seffner, FL

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one more...

http://www.zillow.com

~~Enjoying the hobby one flight at a time~~

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