Skip to main content

FSBO/flat fee sellers: Chat me up about selling a primary residence without a traditional 6% agent. (Or tell me why I should get one.)

Hey folks, appreciate any advice you can give about selling a home without the traditional "full service" agent channel, or alternatively, why I should get one.

Frankly, my bias is against paying 6%. I just want to get that out of the way upfront. I'm not 100% against paying a buyer's commission (or even a full service agent!) even though the obvious goal here is the maximum net proceeds. That really is the #1 goal here, everything else comes secondary.

Sales price: 200k+/- in the deep south. I'm not against going 199,900 just to hit the <200k filter if necessary. I'm a CPA and have looked at plenty of comps including on the same street so I believe this is fairly reasonable, even if I'm not a real estate expert.

Staging: we've watched HGTV. Clear out all the personal bullshit, deep clean and make everything look nice. From what I'm seeing, this is as good as staging gets at this price point despite all the REALTORS™ on this subreddit claiming that they go in and paint houses "for free" and shit like that.

Photos: OK, this is where a lot of you are gonna be like "come on this is too much". I am a semi-professional photographer, although my paid work is mostly in the past. I don't mean taking pictures of family friends for $99. I mean my photos have been featured in the regional newspaper, I've been on TV, and to this day, a photo I took 10 years ago is still featured on the front page of a local real estate agency's website. (Not in a slideshow - directly featured.) I have equipment and genuinely think I know what I'm doing here.

The actual "sales" (i.e. walkthrough, phone calls, etc) process: plan to leave that to the lady of the house. She has plenty of professional experience in that area. As far as the paperwork, probably get a local real estate lawyer. I believe that I have a decent enough grasp of marketing that I could generate the proper leads, even though I'm not sure about FSBO vs flat fee/discount agent and whether to say no agents vs. paying a commission. We are not the alleged delusional FSBOs from hell that seem to get brought up constantly on this subreddit. We're reasonable businesspeople who want to make a reasonable deal.

We're talking about, on the low end, somewhere around $5000 and on the high end, somewhere close to $12,000 in savings. For us, that is not insignificant and in our market and price range, I am not seeing what an agent can do for us to justify taking that much money off the top.

I'm not against hearing from real estate agents here, but again, I do have a bias. So I'd like to hear about the pros and cons of everything I've mentioned, so that I can try to make a more informed decision. Thank you for any information you can provide.

submitted by /u/TheRealTrailerSwift
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/jlfbwf/fsboflat_fee_sellers_chat_me_up_about_selling_a/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/