N o v a O t t e
Best Dayton Homes
NOVA OTTE, REALTOR®
RE/MAX - Resources - 1210 Meadowbridge Drive - Beavercreek, OH 45434
Cell: (937) 654-NOVA(6682), Office: (937) 427-2525 ext 124, Fax 1-866-658-6158
             Nova Otte, Realtor® 937.654.NOVA(6682)  |
Okay, you're ready
to sell your home...now what's the next step? Let's talk.
There are different ways you can approach selling your home. 1. Hope someone just passing by falls in love with your home and comes to your door and offers to buy your home. 2. Go to your local home improvement store buy a "For Sale" sign, put it in your yard and keep your fingers crossed. 3. Sign up with a "service" that offers a web page advertisement and possibly MLS for a flat fee of $199 to $499 (+ a 3% commission to the "buyers agent" who works with the buyer looking at your home). 4. List your home with a Realtor® for a 6% commission who will put your home on the MLS, help you decide a sale price that will get you the most money without your house sitting on the market forever, etc... in other words the most expensive route. You would think - #1 would be great, 2 almost as good, 3 a little bit of effort and 4 seems like the worst choice...I mean 6%...so you're saying if I sell my $200,000 home and give 6% (3% each to two real estate agents) that's $12,000 I could have had in my pocket? NOT NECESSARILY. Look...I'm not going to try and tell you that you will always make as much money on selling your home if you use an agent. What I will tell you is that by not using an agent you incur more risk in "doing it yourself" than if you have an agent working for you. There is also a good chance you will not make as money from your "bottom line" by doing it yourself. Let's say for example your home is actually worth $200,000 fair market value. However, you checked on Zillow.com and it said your home was worth $220,000 (Zillow bases things on what has sold for what price in the fairly recent past...it may not know that 3 other houses like yours went on sale in your neighborhood for $10,000-$20,000 less) So, you've priced your home at $220,000, put a sign up in the front yard, held a couple of open houses yourself that pretty much only your neighbors came to....several months go by with no calls, no strong leads for potential buyers. So, you decide to use the MLS listing service for $399.00 and a 3% commission for a buyer broker. Finally, you start getting more traffic...things are looking up. Now, it's 3 months after that (we're 6 months in now) you decide to lower the price by $10,000 - so you're asking $210,000. You get an offer presented by an agent for a buyer...they offer you $195,000?? and they want you to pay $1,000 in closing costs. Do you take it - or are you so offended you send it back with a big NO written across the page? Counter-offer and if so how much? Can you even pay their closing costs and if so, how much is allowed? You decide to counter at $205,000 they counter at $200,000 you're tired of the process so you accept. Let's figure this up. You received $200,000 - $6,399 for the listing agent and MLS fee...not bad you saved $5,600. But...was it worth it? What I mean is it took 6-9 months, when it may have taken 1/2 or less the time if you had a Realtor® on your side from the start. What if you had two mortgage payments for an extra 5 months because you were trying to sell it yourself. So tack on 5 months of a $1,200 mortgage = $6,000 so....how much did you save again? Check out what I will do for you if I list your home |
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