Quote:
Originally Posted by txbob34
I am selling my designer house in Marsh Bend (south of the turnpike). My neighbors are telling me that this neighborhood is one of the most desirable in this area as its next to the softball fields and stores. They are also telling me that several people sold their homes by owner within days of advertised it and used a real estate attorney to draw up the contract.
I was told that a couple of the people who sold it on their own had consulted a Villages realtor who recommended selling their homes for considerably less than they ended up selling on the own.
Being the market is so hot at the moment. What advantage is there selling a house using a realtor vs using a real estate attorney to write the contract?
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6% real estate commission on $100,000 is $6,000, even if the house sells for cash in a day. If your house sells for $500,000, that is $30,000 commission. That’s a lot of money to give away. But if you are going to sell it yourself, have all the forms you need on hand before you put it up, and have a real estate lawyer chosen and have a talk with him or her (and expect to pay for that), and line up an escrow company.