This has been one of the busiest spring seasons we’ve worked through since our start in 2004. People are beginning to realize that the equity in their home is something they can maximize when it comes time to sell. I helped a couple this spring sell their home which was priced right at the $300,000 mark and they owed $270,000 as the balance of the mortgage. They interviewed a slew of agents all offering the same 5% commission rate which ended up being about $15,000 or roughly 1/2 of the equity that remained in the property. After reviewing their needs and the options they had available to them, they opted to use our For Sale By Owner program as a means to start the process. The plans was to offer the property FSBO for a period of 90 days, if it sold great, if not they would switch to a full service plan and the money they spent on the FSBO would be applied to the final commission bill after it was sold as a full service listing. The property was photographed a video tour created and placed into MLS and Realtor.com as a Showcase property. The Seller located a buyer through Realtor.com and was able to sell the property themselves directly to the buyer. Result, they doubled the amount of money they would have received using a traditional process.
Times are changing and money is tight for everyone. Considering all of your options when buying or selling a home is key to getting the most out of your home ownership experience.
Listwell Real Estate 