Thread: selling on my own but ???

You're in a tight spot and it's not uncommon for folks to be short the fees to pay a full fee brokerage.

I would recommend being friendly to buyer's agents by offering their commission to bring a buyer in all of your marketing...especially Craigs List!

You may also look for other agents to list your house short of a larger commission and perhaps just pay them for an MLS entry.

I think you should try to find some money and hire a realtor as you know it can be immensely difficult to sell the house on your own as you are not likely to know all the details.

Well, it all depends on your urgency to sell.

If the holding costs are manageable and you don't want to be a landlord (even temporarily) you could try FSBO, with all the marketing tactics that goes along with that, such as Craigslist, Newspaper, Road Signs, etc.

If you are open to being a landlord, you could sell on a Land Contract, Option to Purchase or just hold for a rental unit, to name a few options.

If you are between a rock and a hard place, then you have just become a MOTIVATED SELLER, best be open to some of the investment options or use an agent, which might mean losing or delaying getting your money out of the house. But sometimes you got to do what you need to do.

It is hard to really pinpoint what options are the best for you, since I don't know all the details of the situation.

Hope that gives SOME options for you.

I am thinking about calling up agents and offering them a commission as the buyers agent. Thanks for the response.

Good luck - just remember that RARELY does a listed property close with one agent - it happens from time to time, but rarely. And then more and more agencies are putting minimum charges down - like $5K minimum for listing, though many are higher than that.

Also remember, if the money isn't there - why would an agent fight for a small pittance? The general rule of thumb is the commission is split between selling agent and buying agent - then split again between broker and agent (so the agent usually sees 1/4 of the commission - so $5K turns to $1.25K - hardly worth the time of day for most.) Added: How hard would you work for $1.25K? Months? Days? Hours? What if you knew of a more lucrative commission? Just trying to put it into perspective

Just offering my opinion and experiences - you might see things differently in your neck of the woods... Maybe.

Later!

Talk to the people at the local MLS association office. You might be able to put flyer's in the agents mail boxes and/or you might be able to get their email addresses. I know our association gives them out because I get emails all the time from people like you. On your yard sign put a rider that says "Brokers Welcome".

You might want to try 2.5% or even 3% to make it more enticing to bring a buyer.

Good Luck.

Its not like that. Cheap one can not provide you much enough space for a good website. Be careful about this.

Its not like that. Cheap one can not provide you much enough space for a good website. Be careful about this.

Why not try to increase your price 2.5 to 3 percent to offset the fee to an experienced agent who has a track record of getting top dollar. The exposure of the mls and marketing from a good agent typically can increase value more than the 2.5% to 3% and actually get the home sold while protecting your interests too!