Are you thinking about selling your home in New Toronto? 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 New Toronto 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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A real estate broker is a person who is a go-between for buyers and sellers of property. They have to seek out the people who wish to sell and the people who wish to buy and then become their broker. Being a real estate broker is a double edged sword. When working with a selling party the broker must find a way for the seller to sell their property for the highest price under the best term. But when a real estate broker is working with a buying party they must find a way for the buyer to purchase a piece of property for the lowest price under the best terms. Most real estate brokers working within the United States are required to have a license before dealing with prospective buyers and sellers.
Below is a list of the services a real estate broker can provide to a buyer or seller of a piece of property:
There are four popular groups within the real estate agent and broker profession. They are the National Association of Realtors, the Realtor Political Action Committee, the National Association of Exclusive Buyer Agents and the National Association of Real Estate Brokers.
The majority of sales involved in real estate involves a percentage. When a buyer or seller hires a real estate broker or agent to aid them in property movement they usually determine a percentage of the sale to go to the agent or broker beforehand. Most agreements net the agent or broker anywhere between 20 to 35 percent of the final sale.
Real Estate Services: Ways to Get Rid of a House That Won't Sell
When you're flipping houses (aka wholesaling), aside from finding a motivated seller with equity, the most important piece of the puzzle is the ability to find buyers. Here's a strategy that will show you how to sell a fixer upper (that you currently have under contract) THIS weekend!
This will work if you've got a property under contract that you need to wholesale OR if you've got a fixer upper you've already closed on and you simply need to find a buyer fast. In either case, we're going to assume that you've got to find a buyer, and you've got to find a buyer FAST!
One of the most successful ways to flip a house is to hold an "event". This type of event is going to be a little different and is targeted towards investor buyers with cash. What we're talking about here is a "flipping houses" bus tour, and here's how to put it together:
1. Find a "Preferred" Partner to host the event.
You're going to want to find a Realtor or mortgage broker whose office is within 5 miles of your property and who has access to a small meeting space or conference room. Ideally, you will have both a Realtor AND a mortgage broker as a part of this team. Better yet, you'll have a Realtor with properties that are ideal candidates for your buyer prospects. Since time is of the essence, you'll need to move quickly, so try and secure the location and partners on a Monday (if you're holding this event on a Saturday).
If you have enough people register for the event, you may consider renting a small bus or a minivan, but in most cases, a caravan will serve the purpose. The only benefit of a bus or minivan is that you control the situation and people can't leave in the middle.
Once you've visited all 5 properties, return back to the location to go over any questions and write up contracts. You, your Realtor and your mortgage broker can work together to make sure that any offers people want to place are submitted and that they can actually close if the offer gets accepted. This is CRITICAL when you're flipping houses
7. Follow up.
Again, the follow up is crucial. You will want to touch base with each attendee the following day to get any additional offers, write up contracts, or add to your buyers' list for the future. Remember, your ultimate goal is to sell this particular house, but if you find that people are ready, will and able to buy another type of property, go out and find what they're looking for. Flipping houses is simple if you just realize it's a matter of finding the properties the buyers want to buy!