Tags |
|
|
Links |
|
|
Will You Add? - FSBO or Realtor? The Facts You Need To Make A Decision
Are high-profit real estate deals only for the wealthy? Is it possible to buy with no money down? Do you really have to know the "right" people? Let's answer by looking at some of the myths of real estate.1. The good real estate deals are reserved for the wealthy. Of course money helps, but my first deal was a $3,500 lot - which I sold for a profit two weeks after I bought it. Smaller deals, using partners, low-down deals, or just putting aside $7 per day for a couple years un
These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Qui
What gets your attention faster – a faucet with a slow leak or a busted pipe causing a flood? The flood, of course. Does that make the slow leak any less of a threat? No.I’m willing to gamble that right now, you have a slow leak in your business. And, odds are, you won’t address it until you have a flood. What you need to understand is: slow leaks cost more over time. A cost most business professionals can’t afford to absorb.Where is this slow leak? It’s rooted in
Many FSBO companies question why a home seller has to pay 6% realtor commission when they can simply pay $25 per month to place their home listing on a FSBO website. Now I’m not saying FSBO website exposure is a bad thing. I feel any exposure when selling your home is obviously a good thing. But, exposure alone is only part of the process necessary when selling a home. What the FSBO sites don’t tell you upfront can be quite scary.
If you weren’t selling your home, would you allow a bunch of strangers in your home to look around at each room, opening all closets and essentially taking note of all your worldly possessions? Most of us would get nauseous at the thought. Well, by utilizing a FSBO service to market your home, that is exactly what you are doing. They offer no screening process to ensure the strangers coming to your door are qualified buyers. Most don’t offer any assistance with writing contracts or negotiating them which leaves the homeowner fending for themselves. Unless you are a skilled negotiator, you are in for a rough ride.
When you list with a licensed Realtor, you are getting much more than just marketing. A licensed Realtor is bound by certain ethics and rules that are in place to provide the home seller a plan of action to help reach their goals. Marketing is only one part of what a Realtor provides. A state licensed Realtor is also responsible for negotiating not only the price of an offer on the home, but also the terms of the offer. Terms can include:
***Amount of escrow deposit
***Amount of additional escrow deposits
***Financing terms
***Closing date
***Who pays title search and insurance? What if a title issue comes up? What if there are liens on the property?
***Home Inspection periods and what the seller will or will not include if repairs are needed. What if inspections turn up termites or other damage caused by wood destroying organisms?
***What if a buyer defaults on a contract? How are you protected against lost time and how do you get the escrow money they deposited.
These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Quit If you weren’t selling your home, would you allow a bunch of strangers in your home to look around at each room, opening all closets and essentially taking note of all your worldly possessions? Most of us would get nauseous at the thought. Well, by utilizing a FSBO service to market your home, that is exactly what you are doing. They offer no screening process to ensure the strangers coming to your door are qualified buyers. Most don’t offer any assistance with writing contracts or negotiating them which leaves the homeowner fending for themselves. Unless you are a skilled negotiator, you are in for a rough ride. When you list with a licensed Realtor, you are getting much more than just marketing. A licensed Realtor is bound by certain ethics and rules that are in place to provide the home seller a plan of action to help reach their goals. Marketing is only one part of what a Realtor provides. A state licensed Realtor is also responsible for negotiating not only the price of an offer on the home, but also the terms of the offer. Terms can include: ***Amount of escrow deposit ***Amount of additional escrow deposits ***Financing terms ***Closing date ***Who pays title search and insurance? What if a title issue comes up? What if there are liens on the property? ***Home Inspection periods and what the seller will or will not include if repairs are needed. What if inspections turn up termites or other damage caused by wood destroying organisms? ***What if a buyer defaults on a contract? How are you protected against lost time and how do you get the escrow money they deposited. These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Qui When you list with a licensed Realtor, you are getting much more than just marketing. A licensed Realtor is bound by certain ethics and rules that are in place to provide the home seller a plan of action to help reach their goals. Marketing is only one part of what a Realtor provides. A state licensed Realtor is also responsible for negotiating not only the price of an offer on the home, but also the terms of the offer. Terms can include: ***Amount of escrow deposit ***Amount of additional escrow deposits ***Financing terms ***Closing date ***Who pays title search and insurance? What if a title issue comes up? What if there are liens on the property? ***Home Inspection periods and what the seller will or will not include if repairs are needed. What if inspections turn up termites or other damage caused by wood destroying organisms? ***What if a buyer defaults on a contract? How are you protected against lost time and how do you get the escrow money they deposited. These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Qui ***Amount of escrow deposit ***Amount of additional escrow deposits ***Financing terms ***Closing date ***Who pays title search and insurance? What if a title issue comes up? What if there are liens on the property? ***Home Inspection periods and what the seller will or will not include if repairs are needed. What if inspections turn up termites or other damage caused by wood destroying organisms? ***What if a buyer defaults on a contract? How are you protected against lost time and how do you get the escrow money they deposited. These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Qui These are only a few parts of a contract that a professional and licensed Realtor negotiates on a seller’s behalf. Again, I’m amazed how anyone that is not highly skilled and knowledgeable in real estate sales and transactions would not highly consider interviewing several Realtors and reviewing their qualifications. I guess the closest thing to representing yourself in a real estate transaction would be representing your self in a court of law without using an attorney. Not a good idea. So, why would you pay a Realtor 6% commission? Quite simply to keep you out of trouble and protect your best interests. After all, we pay accountants, lawyers, doctors and consultants to advise us and keep us out of trouble. Why not a licensed Realtor? If you are considering selling your home and are not sure if you will proceed as a FSBO or hire a professional and licensed Realtor, please visit my website for more information at http://www.SeanLSpencer.com. You can also call me personally to discuss the options and what is best for your particular situation. Sincerely, Sean L. Spencer
Like huge anchors on cruise ships, other people can hold you down. Not intentionally, but their negativity impacts you. It’s hard to be winning at working when you’re anchored in place. It’s hard to see the next great idea and enthusiastically embrace it, when you’re feeling a sticky heaviness. And it’s hard to think creativity when you’re feeling empty.ome listing on a FSBO website. Now I’m not saying FSBO website exposure is a bad thing. I feel any exposure when selling your home is obviously a good thing. But, exposure alone is only part of the process necessary when selling a home. What the FSBO sites don’t tell you upfront can be quite scary.
It’s getting tougher and tougher out there to get into real estate offices to meet—and hopefully form long-term relationships with agents. So, it’s time to develop new skills and new strategies. One of these strategies is to offer coaching to agents. Having managed real estate offices for fifteen years, and running my own national agent/leadership coaching program today, I know the importance of helping develop people one at a time. However, what most people term coaching—isn’t. So y
If you got engaged then now you must be planning for a grand wedding celebration. But you are scared too. Because to organize a grand wedding function you have to spend heavily. According to a study the national average of wedding costs about ?22,000. Most of the couples are geared to pay for their own wedding. An April 2004 survey shows 75% of people paying for their own wedding. But you have an option; you may go for wedding loan. Now you don’t need to be scared. A wedding loan is
Now more than ever, the laws in place today recognize the importance of single parenting and the responsibilities involved. This is why there is such a growing trend towards extending financial help to single parents. Not only in the U.S., but in many places around the world governments, social institutes and religious organizations are recognizing the value of single parenting. There may be many reasons why you initially left school. Either to have children or get married, being a s
866-383-0707
http://www.SeanLSpencer.com
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.atriclecheck.com/article/138448/atriclecheck-FSBO-or-Realtor--The-Facts-You-Need-To-Make-A-Decision.html">FSBO or Realtor? The Facts You Need To Make A Decision</a>
BB link (for phorums):
[url=http://www.atriclecheck.com/article/138448/atriclecheck-FSBO-or-Realtor--The-Facts-You-Need-To-Make-A-Decision.html]FSBO or Realtor? The Facts You Need To Make A Decision[/url]
Related Articles:
Time Management Strategies for Modern Life Syndrome
EYE OF THE TIGER: Igniting Your Unstoppable Business Destiny
Small Business Marketing Solution - Build the Bloom Team
Bookmark it:
|