But i need to first find a Real Estate Agent/Realtor. I dont want to list my home for sale with those big companys that charge you 6% commission since i might be taking a loss by selling, so the less i loose the better i am. Do you have any reccomendations on choosing a real esate agent and what is the diffrence between a realtor and a real estate agent? Any questions i should ask when choosing one? Any help is apprecieated.
ELISEO
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Not sure about the location, but, I know around where I live here on Clear Lake in Galveston County Texas it is not hard to sell a condo. You may want to list it yourself. You can always get a lawyer to draw up the paper work if you don’t know how to do it yourself. The title company and the mortgage company will also help you.
Good Luck.
When you list your home the commission pays the buying and selling agent. Everybody works for a paycheck, the bigger the harder you work. Keep than in mind when you are trying to reduce some body’s pay. You get what you pay for. Many of those discount places will list you home for maybe even 1%. but that is all they will do. You will still have to offer a commsion to the buyer’s agent or your knowbody will show your home. Just becasue it looks like a good deal doesn’t make it so. They can lock you into a contract for 6 or more and do nothing for you.
Skamp mentioned selling it on your own. You may want to start with that before you go with a “Discount” realestate company.
When someone says they’re a Realtor, it simply means they are a member of an association of Realtor’s. Usually each city has it’s on _____ Association of Realtors. The main thing that a Realtor will tell you how they differ from a non Realtor is that they work by a Realtor Code of Ethics. What I will say to that is that they took an oath on the code of ethics, but ask any agent/Realtor that has a listing will they tell a buyer that they represent the seller. Even an agent/Realtor that doesn’t have the listing. If you don’t have a buyers agreement (yes there is such a form) then that agent also legally represents the seller.
You can always put your home up for sale yourself and state that Agents/Realtors are welcome with a 3% commission. The 6% is usually (always) split between the seller’s company and the buyer’s company 3% each anyway. Then each company splits the 3% between the company and the agent that actually did the work of listing/selling the home.
There are agents out there that will discount their commissions, but be aware that sometimes you get what you pay for. The larger companies often have more financial resources to advertise your home better and more experienced agents. Also they may be willing to deal with you if you will buy your next home from them. When you are interviewing agents you should ask how many homes do you have listed right now? How well do you know the market in my neighborhood? And ask for suggestions to make your home stand out. This is a tough market in some areas of the country, and everything you can do to be more competitive the better off you will be. If you would like a referral to some agents in your area shoot me an email.
Hope this helps,
Josh
