Are you thinking about selling your home in Yonge-Eglinton? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in Yonge-Eglinton is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
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If you are a real estate agent then an open house is a prospecting tool rather then a way to sell the home they are showing. There are many reputable real estate agents that won't host their own property's open house. They opt for a newer agent to take on the job.
It is common for a listing agent to pass the job on to someone else even though they could be there if they wanted to be and keep all of the commission. They are offering half of their commission if the hosting agent sells the home. Real estate agents don't feel that an open house is how a home is commonly sold to someone so this act isn't considered high risk.
Despite this fact agents who tell you to hold an open house are doing it for two main reasons. Agents want to prove that they are doing everything in their power to sell your property even if they know it isn't highly effective for the seller. Mainly they are suggesting you hold an open house to use as their personal prospecting tool.
The homeowner's who do decide on an open house to increase their odds of a successful sale should hide all of their valuables and breakables before guests come over. Some agents request that you leave your valuables on display to give the home a nice appearance but don't listen to them. It is likely that parents will bring their children. If you decide to leave things in their place then it is recommended that you set up a camera because neither you nor you hosting agent can watch everyone all the time.
You may wish to contact Joe and Colleen Lane, Realtors® for more info on real estate, especially in the areas of Pasco Wa Real Estate, Richland Wa Real Estate, and surrounding Southeastern Washington Communities.
Marketing Your Real Estate Services With Newsletters
Many of us got into real estate by working as a real estate agent or broker. Or a traditional dealmaker and reseller who may rehab or wholesale property. Some make money and some do not, but many always seem to need a little more cash flow at times. Consider the skills you've picked up, but tend to hire out day to day. Or maybe a real estate related service that you've needed, but couldn't find anyone offering locally. Why not offer it yourself during the slow periods of your main real estate business? Or perhaps you are new to the property investment game and want a low cost way to participate in the real estate industry to get the capital you need to begin. Many real estate services like ad syndication organization, cleaning services, errand running, house sitting and landscaping services don't cost a lot to set into motion. As always, the value of the exposure for your company is an additional boost in your wages over and beyond the charges the happy clients are willing to pay.
Folks are so rushed now they really appreciate a one stop shopping experience. Anticipate what your clients will need while buying and selling real property and offer it to them in a prominent way. Sell it baby! Many savvy realtors have jumped on this bandwagon by offering free use of their moving trucks. With their big old ads on the sides of course. Brilliant stuff, huh? Perks of cleaning or landscaping services, local coupons and gift baskets are commonly seen. A clever real estate cash raiser will get other companies to participate and defray the cost of advertising and good will for the ones who organize the services and advertising campaigns. A big time saver is a collection of everything a new resident might need to find their way around. Help them register their kids for school with an info packet. Include emergency and human services contact information. Of course with discount coupons and ads for the offerings of your "service syndicate" members. This is the time to gain customers for life. Give good value and honest service to keep them coming back. Get creative and you can get a lot of good business exposure and word of mouth recommendations to get your cash flow going quickly. And if done right, without spending much money out of your own pocket.
If your time is limited as it is, you can always hire the labor using whatever legal arrangement makes sense for the projects. Stay flexible and keep a stable of reliable people who also need extra income from time to time. Few areas don't have people looking for some part time work. You may be able to arrange lower wage internships with local students so they can gain skills and valuable work experience. Spend a little time thinking of new angles, a spin if you will, that you can put on your "regular" business activities to make them unique to your area, or more desirable to your customers. Add more value and you can often bump your revenue upwards without expending any more effort or time. Get a bit bold, if you haven't tried something before, how do you know it won't work for you? And if you are around children, you may be surprised at what suggestions they throw out that may be business genius from the mouths of babes. Ask their advice. You never know. Sometimes their fresh and innocent thinking will bring new successes your way. The obvious no longer overlooked can mean decent cash flow increases for your real estate business.