Selling a house without a realtor
#16
Re: Selling a house without a realtor
I've purchased two houses without any participation of a realtor. I don't see any harm in placing a few adds and seeing if you get any nibbles within say, one month. If the market is as tight as the realtors are claiming you should be able to find a buyer. If a buyer's agent realtor contact's you about showing it to their client you are in a strong negotiating position to tell them what you're willing to pay them, say, 2%, or $x,000.
#17
Re: Selling a house without a realtor
I've purchased two houses without any participation of a realtor. I don't see any harm in placing a few adds and seeing if you get any nibbles within say, one month. If the market is as tight as the realtors are claiming you should be able to find a buyer. If a buyer's agent realtor contact's you about showing it to their client you are in a strong negotiating position to tell them what you're willing to pay them, say, 2%, or $x,000.
#18
BE Enthusiast
Joined: May 2007
Location: Westchester NY
Posts: 337
Re: Selling a house without a realtor
We are currently buying without a buyers agent, we went directly to the sellers listing agent for the house and said heres our offer I'm sure you would prefer to keep the 5% commission for yourself than split it with another agent ...... guess what, he did Ours was one of 11 offers and the seller went with ours.
We had viewed over 15 homes in about a two month period, plus 2 open houses that were listed on MLS that were homes being sold by owner. Both had offers accepted within 5 days of the open houses.
The houses where we are that are move in ready and don't have 1970's kitchens and bathrooms are selling very quickly.
We had viewed over 15 homes in about a two month period, plus 2 open houses that were listed on MLS that were homes being sold by owner. Both had offers accepted within 5 days of the open houses.
The houses where we are that are move in ready and don't have 1970's kitchens and bathrooms are selling very quickly.
#19
Re: Selling a house without a realtor
Anybody can list on the MLS and the price is generally less than $600.
http://www.flatfeegroup.com/?gclid=C...FQdyQgodiS4AaQ
http://www.flatfeegroup.com/NewJersey/
http://www.flatfeegroup.com/?gclid=C...FQdyQgodiS4AaQ
http://www.flatfeegroup.com/NewJersey/
Last edited by Tarkak9; Jun 13th 2013 at 4:32 am.
#20
Re: Selling a house without a realtor
Also there are discount brokerages such as ZipReality that charge as little as 4.5% and can possibly be as good as the large firms.
http://www.ziprealty.com/
http://www.ziprealty.com/
#21
Forum Regular
Joined: Oct 2010
Posts: 98
Re: Selling a house without a realtor
We are due to sign with a realtor tomorrow afternoon...but after selling the car within 1 hour of putting it for sale by the road...it's got me wondering if we should try to sell the house ourselves. Has anyone tried to do this...does anyone know what is involved...is it worth it or false economy?
You don't need a realtor either, simply find a good property lawyer and take it from there.
We're about to start a buyer/seller transaction (we're the buyer), and the seller has their lawyer and title search lined up. Those things (In FL) must be paid for by the seller (iirc from a few years ago). (The seller needs to show good title iirc (or at least in our state)).
I'm not sure who would expect to see the savings though, buyer or seller. As a buyer, I would expect to see some savings as my representation (e.g. a buyers realtor) is being cut from the loop.
#22
Re: Selling a house without a realtor
"Er, yes, actually I do!". The neighbour was surprised, and delighted (we learned several years later she had agreed to get married only after she had sold her house). Mrs P and I had already talked about buying it "one day"; we closed six weeks later.
Funnily enough, the other house I bought without involvement of a realtor was also purchased from a next-door neighbour. (Different address, different street, .... no, I do not own three houses adjacent to each other! )
Last edited by Pulaski; Jun 13th 2013 at 11:58 am.
#23
Rootbeeraholic
Joined: Aug 2009
Location: Houston, Tx
Posts: 2,280
Re: Selling a house without a realtor
We did that. A next-door neighbour told us she was about to put her house on the market so she could move to Florida. "I don't suppose you want to buy a house? Ha ha ha!"
"Er, yes, actually I do!". The neighbour was surprised, and delighted (we learned several years later she had agreed to get married only after she had sold her house). Mrs P and I had already talked about buying it "one day"; we closed six weeks later.
Funnily enough, the other house I bought without involvement of a realtor was also purchased from a next-door neighbour. (Different address, different street, .... no, I do not own three houses adjacent to each other! )
"Er, yes, actually I do!". The neighbour was surprised, and delighted (we learned several years later she had agreed to get married only after she had sold her house). Mrs P and I had already talked about buying it "one day"; we closed six weeks later.
Funnily enough, the other house I bought without involvement of a realtor was also purchased from a next-door neighbour. (Different address, different street, .... no, I do not own three houses adjacent to each other! )
http://www.dailymail.co.uk/news/arti...lion-home.html
#24
Joined: Feb 2002
Posts: 6,848
Re: Selling a house without a realtor
JG: You had better get some gourmet grocery items for your fridge....and run up to the Short Hills Mall to get a Martha Stewart milk pitcher from Macy's
A poster on a forum for a local NJ website says that the person she employed to 'stage' her house has advised her to 'stage' her fridge too lol!
http://forum.maplewoodonline.com/dis...ust-musing-/p1
In fact, the thread seems to have been picked up by a writer for the Real Estate section of the New York Times (many media folk live in Maplewood and I reckon he does too, or was tipped off about the thread):
http://www.nytimes.com/2013/06/09/re.../pkcH5dXZB01hQ
Unbelievable!
A poster on a forum for a local NJ website says that the person she employed to 'stage' her house has advised her to 'stage' her fridge too lol!
http://forum.maplewoodonline.com/dis...ust-musing-/p1
In fact, the thread seems to have been picked up by a writer for the Real Estate section of the New York Times (many media folk live in Maplewood and I reckon he does too, or was tipped off about the thread):
http://www.nytimes.com/2013/06/09/re.../pkcH5dXZB01hQ
Unbelievable!
#25
Re: Selling a house without a realtor
JG: You had better get some gourmet grocery items for your fridge....and run up to the Short Hills Mall to get a Martha Stewart milk pitcher from Macy's
A poster on a forum for a local NJ website says that the person she employed to 'stage' her house has advised her to 'stage' her fridge too lol!
http://forum.maplewoodonline.com/dis...ust-musing-/p1
In fact, the thread seems to have been picked up by a writer for the Real Estate section of the New York Times (many media folk live in Maplewood and I reckon he does too, or was tipped off about the thread):
http://www.nytimes.com/2013/06/09/re.../pkcH5dXZB01hQ
Unbelievable!
A poster on a forum for a local NJ website says that the person she employed to 'stage' her house has advised her to 'stage' her fridge too lol!
http://forum.maplewoodonline.com/dis...ust-musing-/p1
In fact, the thread seems to have been picked up by a writer for the Real Estate section of the New York Times (many media folk live in Maplewood and I reckon he does too, or was tipped off about the thread):
http://www.nytimes.com/2013/06/09/re.../pkcH5dXZB01hQ
Unbelievable!
Wouldn't you know it...the leccie keeps going on and off due to the weather.