|
If you have a mediocre or hard to sell property you may need to hire an
agent. But if you have a sought-after property you shouldn't need to.
FSBO isn't worth anything, and you do not need them.
1) put up a web page with complete info and photos of every room and
amenity
2) put an ad in the paper with the web address
3) list the property at 4-5% below market (agent-market that is)
4) Give it a month or 2
Think of your advantage if you can knock off $50K from the house next
door and still walk away with the same or more money? At the high end,
you can assume that anyone with that kind of money is reasonable
internet savvy. Or at least they have a kid who is.
Signing an agreement with a broker is totally foolish. Remember that if
you find a FSBO on your own, you have a bargaining position that you
do not have with a broker. If its a hot property you're going to pay
market or close anyway. But if the seller doesn't have to pay the
broker,and you are ready to buy, cash-in-hand, you can get a piece of
that 4-6% overhead yourself. It costs money for every month the seller
doesn't sell without a broker for advertising, carrying costs, etc, so
if you can buy quickly you can get a bargain.
Unless of course you're willing to pay $50K for a glorified chauffer.
|
|
Re: Why do you still need an agent to buy a home?
