Shawn
New Contributor
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- Aug 14, 2007
- 55
- 3
We are thinking of building a new home and selling our current one. The nice thing is our new home wouldn't be complete for about a year, so we'd have a year to sell our current one. Our neighborhood is a really prestigious new development area with homes ranging from 1M-4M and we have cars outside our house all the time looking at the home. So foot traffic in that sense is really high.
We had our current one built about 2 years ago. It cost 1.5M to build. We were thinking of listing it at 1.7 and trying to get 1.6 after the negotiations.
Our neighbor is a realtor and her husband is a mortgage guy (bad jobs to have in a bad economy!). Anyway, she wants us to list with her and she'll do it for 4%. At 1.6, that would be $64k, which seems like a lot. But then if we use her, we would have to get more like 1.65M to get our 1.6. So that would mean the selling price of the home would have to be more, which may mean that it would take longer to sell.
On the other hand, we can make a website up ourselves, use an mls listing service for $400.00 and get it on the mls and then do it by owner. Maybe even offer buyers agents 2.5%? And if they don't have a realtor we save $64k. But then we gotta deal with the people who just want to see what a million dollar home is like.
I dunno what to do, what do you suggest? Hire a realtor or do it ourselves, or..?
Thanks,
Shawn
We had our current one built about 2 years ago. It cost 1.5M to build. We were thinking of listing it at 1.7 and trying to get 1.6 after the negotiations.
Our neighbor is a realtor and her husband is a mortgage guy (bad jobs to have in a bad economy!). Anyway, she wants us to list with her and she'll do it for 4%. At 1.6, that would be $64k, which seems like a lot. But then if we use her, we would have to get more like 1.65M to get our 1.6. So that would mean the selling price of the home would have to be more, which may mean that it would take longer to sell.
On the other hand, we can make a website up ourselves, use an mls listing service for $400.00 and get it on the mls and then do it by owner. Maybe even offer buyers agents 2.5%? And if they don't have a realtor we save $64k. But then we gotta deal with the people who just want to see what a million dollar home is like.
I dunno what to do, what do you suggest? Hire a realtor or do it ourselves, or..?
Thanks,
Shawn
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