Quote:
Originally Posted by Russ_Boston
What's the point of having a RE agent (at 5-6%) if THEY don't know how to price the market? Heck I could just set a price and keep reducing until it sells. I always hear that you should not sell it yourself since we amateurs price it too high and then it looks like a fire sale when you need to reduce. I'm saving the 6% and price it right from the start when I sell.
But good luck with your sale and see you in TV!
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I thought that too. We sold ourselves in CT but in our town there wasn't much inventory. We tried to sell a house in Seattle in 2001 ourselves, and the market was dropping and we had to eventually go with a RE agent. Most people who are serious buyers are working with a RE agent, especially relos. Even if you use one of those flat rate put it in the multilist with 3% to buyers agent guys the realators don't show the house. I guess they disapprove of the practice. They will only show your property if there is no other listings that fit the bill. So my experience is high demand low inventory you are OK to sell it yourself (If you have the skills) High inventory soft market you are in for a long wait for a buyer.
But it does bother me that alot of RE agents have no financial savy, I also end up editing the offer or counter offer because if it isn't in the boiler plate they don't know how to do it. I currently have found an exception to that in our area thank goodness. He not only pulls comps for my house but pulls the overall statistics for the surrounding mile or two and makes a graph to show if prices are falling or rising in our price range. We then use his graph to help with the market value determination. We did this when buying through him and he uses the same process for sellers .