Help us sell our house!
September 13, 2011 2:06 PM Subscribe
To self-list or not not self-list ... this is the question.
Do we list by ourselves thru a discount broker on MLS and use an realtor to help us find a new house or do we go ahead and list thru a standard broker that will do both and pay them the extra % in commission. Details inside.
posted by damiano99 to Home & Garden (6 answers total) 1 user marked this as a favorite
My wife and I are selling our first home so we can get a better one. We've found several houses we'd be more than happy in and our current house is great, albeit a tad small for us now. Due to our kids daycare costs we haven't socked away as much for a down payment as we'd like but we're planning on taking the sale profit and using that as the extra. So far all the realtors we've talked to think we can sell for a decent amount above what we paid because of the location and the way our city "hip" area has moved to our doorstep. But the profit won't be huge. We're wanting to jump now because 1) we've outgrown our home and 2) the interest rate we got offered is so low that we can move up quite a bit for the same payment. (NON-ARM, btw.)
I'd rather not pay the 6% to a realtor simply for the act of listing when we feel we're more than capable to handle making view appnts, putting up a key box, etc. We'd rather a realtor make the commission of the seller of our new house. Are we missing something? Is this a horrible idea? Is it worth paying the 6% to the realtor? What am I not understanding about selling a house? I know we need a realtor to get us into look at other houses, but my understanding is they than get their commission from the seller, not us.
We had some friends who recently sold their house by listing it with the discount MLS broker and they're house sold nearly the next day. (Same location.)