Realtors Are Great Most Of The Time!
If your house is in perfect
condition, you have plenty of equity, and if you have plenty of time to wait,
selling your home using a Realtor will probably get you the best price.
So, how much equity do you need to
have?
Statistics show that an average cost
of selling a home using Realtors is about 10% of selling price, or sometimes
even more...
That means, at least 10% right off
the top is gone in fees. The 6% in Real Estate commissions, 2.5-3% in Title
Company closing costs; then there is a Home Shield Warranty, and some other
miscellaneous fees.
Do you have at least 10% equity to
cover the cost of selling?
... or will you need to come out of
YOUR pocket with CASH just to get rid of your house?
If you lived in your house for only
a few short years, or if you refinanced recently, you may not have enough
equity to pay all those fees.
If you have enough equity, how long
can you wait?
Statistics show that an average
"Market Time" around the country is 2 to 6 months. That means, it
will take that long to find a buyer... add to this another 30 to 45 days needed
to complete all the inspections, go through a loan approval and finalize the
sale.
On average the Traditional Selling
Process will take between 4 to 6 months, so it's wise to budget and plan on
making at least 6 monthly payments.
CONCLUSION: If your house is in perfect shape, and your situation meets
the above said criteria, selling your house through a Realtor is a valuable
option!
Be Smart and negotiate in the
listing agreement a "right to cancel". You'll be glad you did! If
after 3 months you still don't have any offers, at least you'll be
"free" to explore other options!
When and Why Realtors Are Not
Effective!
What you are about to learn will
reveal some surprising secrets of Real Estate business...
Even in some of “the hottest” real
estate markets around the country, thousands and thousands of listings expire
every month.
The following "eye-opening"
facts may give you some answers...
A Realtor gets paid whether your
home sells in one week or one year. This creates a motivation to do the least
amount of work possible on the already "secured" listing, but to
focus on securing more new listings.
When a Realtor lists your home, they
put it in the computer with thousands of other houses. Then they sit back and
wait for another Realtor to find and qualify a buyer. And wait. That’s the way
the game is played.
Do you have any idea how many houses
an agent is trying to sell?
It’s safe to say more than just one!
Most agents have houses all over the city that they’re trying to sell at any
given time. This means the attention your home needs might not always be there.
Some agents will let you list your
home for an inflated price just to please you and get your business. Then when
it doesn't sell they suggest you lower your price to something more
"reasonable" and marketable. They get your business on the front
because you think you might get your price. Your interests are at risk, not
theirs, while your home sits on the market unsold.
"... some unethical agents may
suggest selling prices that are too high solely to obtain a listing. Instead of
competing based on a professional approach, they appeal to an owner's greed."
(This is an excerpt from "California Real Estate Practice", a
required course for all prospective Real Estate Agents by the California
Department of Real Estate.)
In their highly competitive
business, agents use different sales tricks ("games") to secure a
listing. Higher sales price is one of them! Watch out!
"Dirty Little Secret" -
the agent's sign in your yard is a free billboard, advertising the agent’s
services to the whole neighborhood!
No wonder why so many agents
discount their commission to only 4% (even 3%), instead of an average 6-7%.
They make less on your house (and do less work), but at the same time they get
a few more listings off of your sign where they charge full 6% commissions. The
longer your house sits unsold, the more free advertising they get; the more new
customers they get; the more money they will make. So at the end it works great
for them, but not for you!
What if you have to MOVE and your
house has not SOLD?
If this happens to you:
Are you going to leave it vacant?
How long are you going to make TWO
house payments?
How long can you afford to make TWO
house payments?
If you’re like most people, that can
deplete your savings quite quickly!
What most sellers don’t realize, is
that to an agent, with hundreds of other listings to handle, it won’t make any
difference!
Bottom Line: All American Affiliate
may be able to offer you more money than you’d net if you list it with a real
estate agent. And the sale can be closed on the date of your choice. With no
hassles, no showings, and no risk!
But, if you're looking for an above
market price, Realtors are your best bet!
Details here: Short Sale My House Now
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