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Do you need to use a realtor?
by Albert Apfelle
http://www.frostrealtor.com
In real estate business, like any other business trends
keep changing. The latest trend reflects the independent
zeal of the sellers. Most people with limited budgets
prefer to save money on unnecessary and superfluous
expenses, and one of them is the fee of the realtor. They
have resorted to the do-it-yourself strategy in this
business since it works in every other field. The
homeowners, for instance, who want to sell their property
have proved to be doing a better job than the realtors, and
also saving their hard-earned money in the bargain. The
recent trend of doing away with the realtor has helped them
save money and execute the job with full understanding.
Traditionally homes for sale have been placed on the
market with the help of a realtor who attracts a
commission for their time and expertise. This
commission is on average 6% of the homes sale price.
Some homeowners view this as a fee for convenience
with the added bonus of the realtor managing the risk,
however for the vast majority of people this fee has
proven to be an unnecessary burden with budget
conscious homeowners relishing in keeping the extra
money for their own pockets.
The trend for putting up advertisements 'For sale by owner'
is growing in popularity. There are websites for such
properties in almost all the states of America. You can
learn everything from beginning to end about putting your
house on sale through the comprehensive information
provided by these websites. Many times this information is
given free of charge because the websites can make money by
selling other marketing material such as web space and
signage to help make a successful sale. The information
given by these sites is so user friendly and easy to
understand that the homeowner feels confident to do
everything independently and finds the role of the realtor
quite redundant and unnecessary.
Whilst money is considered to be a major influence in
deciding to list homes for sale by owner, it may not
always come up smelling roses. The owner needs to
become knowledgeable in most aspects of listing
homes for sale, particularly in acquiring all the
necessary documentation for a successful transaction.
Put simply, failure to research on the owners behalf
could turn into a ~for sale by owner~ nightmare!
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