Quote:
Originally posted by MrPheer
I really dont feel like giving a real estate agent 6% just for listing my house in the MLS directory and putting a for sale sign in front of it. Thats $30,000 for them when my house sells for $500k.
So who here has sold thier own home, and how did you do it?
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A few years back. Got a standard contract from the office supply (prolly available on web). Then let the Title company take care of every thing. In my state a lawyer has to be involved. The title company had one in the same office. Agents fees are 7% here. That's a big bite!! After you've been through a couple buy sells, ya get to know the procedures. Like all the inspections that are involved.
The agent is a big help in making sure you make all the dead-lines and have all the inspections if you don't know the ropes.
NEVER, NEVER trust the agent to get inspectors, hire your own. The agent on both sides of the deal is out to get the property sold and make the commission. Never assume your agent is acting in your best interest 100% of the time! Need to make that real clear!!
It would be worth while IMO to have an attorney paid by the hour write a contract and skip the 6 or 7%.