Are you thinking about selling your home in Danforth Village-East York? 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 Danforth Village-East York 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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Experts estimate that most people who use a Realtor will pay as much as 10% of your selling price in costs associated with selling. The cost of selling a home yourself can range from 4% to 8% of the selling price of your home. When you're estimating your expected gains, remember that the cost of selling a home can be deducted from that figure for tax purposes.
To give you an idea of what the costs of selling a home in the current market are, take a look at the information below. We've included estimated costs based on a $250,000 home sale, as well as some tips for lowering or eliminating them to lower your overall cost of selling your home.
If you list your home with a Realtor, expect to pay 4 to 6% of the sales price, or $8,000 to $12,000 in real estate commission.
Tip: Shop around. Real estate commissions aren't written in stone. A Realtor may be willing to accept less of a commission in a slow market, or you may be able to save money by contracting with a Realtor for specific services only rather than a contracted listing.
The cost of moving from one home to another are included in the cost of selling a home. It may be as little as $1000 to as much as $12,000 for a cross country move. Let's be conservative again - $3,000
Other relocation costs
You may need to replace appliances, pay off school transfer or gym fees, or pay storage for your furniture. There are many unexpected costs of selling a home which may amount to nothing, or add up to a good chunk of change.
Even without adding in other relocation costs, you can see how the cost of selling a home can reduce your final cash gain. The good news is that most of those costs are deductible on your taxes.
Real Estate Lead Generation Services - A Breakdown Of Those Available
In turning around a mobile home park project, it is necessary to bring in mobile homes and be able to sell them. It is very important to get your message out to the public to let them know that you have affordable housing in your park and that you have really easy terms, low down payments and affordable monthly payments so they can realize the American dream of purchasing and owning their own home.
One way to market and advertise your park to sell the homes is to use a billboard which will give you more exposure so that people can become familiar with your property. We have implemented billboards in Texas to garner exposure for the three mobile home parks that we have in a small town of 100,000.
You can also use door hangers and flyers. A really good target for door hangers would be apartment complexes. Hanging the door hangers on people's apartment doors will let them know that for the same price or less that they are renting an apartment, they could go ahead and buy a mobile home. You could also put flyers on cars in busy shopping malls. These are two of the best ways to implement door hangers and flyers.
Bandit signs are a helpful way to advertise and sell as well. Bandit signs come in 18" x 24" or 12" x 18" sizes. They are inexpensive (about $1.00 - 3.00 per sign) and are meant to put along a busy road or attached to electrical poles. By putting signs along the road leading into the park and also in key traffic areas within town, you will let people know that you have affordable housing at your mobile home park. Make sure and contact your local city or county to know the rules about bandit signs (as well as real estate signs). In one city that we have a mobile home park, we are only allowed to put bandit signs out from 5pm on Friday until Sunday at midnight. At another mobile home park, the city will only allow us to put out a maximum of 5 bandit signs at any one time.
Another method is to try using television and radio spots. In West Texas, we purchased 30-second TV spots for as little as $1 to $5 per spot. (The $5 was actually a national TV station and the $1 was spent more for the local cable stations.) That worked well for exposure. Radio spots are priced reasonably and for maximum exposure your spot should be aired during drive times (6am - 8am and 4pm - 6pm).
However the most cost effective and greatest results come from placing classified ads in the Thrifty Nickel, Greensheet, and Pennysaver. The cost is about $5 to $15 per ad per week. You can place classified ads under the "Apartments for Rent" heading. Most people who are looking to rent apartments are really good candidates to buy a mobile home because for the same price they are renting an apartment, they can own their own home. You can also put classified ads under "Mobile Homes for Sale".
Marketing and advertising will be the key for getting homes sold and filling up your mobile home park quickly!