How To Save Money When Selling
A selling commission is ALWAYS paid. There are always fees, charges and costs associated with the any real estate transaction. Please pay careful attention to the list below: be represented by a REALTOR and control your expenses.
|
Sold By Owner
|
REALTOR
|
|
| ADVERTISING EXPENSES: Newspaper ads, publications, yard signs, time away from your profession. |
1%
|
REALTOR pays costs
|
| LEGAL FEES/ATTORNEY CHARGES OR TIME: Contract preparation, disclosure preparation for Radon gas, latent defects and insulation disclosures (any and all disclosures required by law). |
1.5%
|
REALTOR prepares contracts & all disclosures
|
| EXPENSES RELATED TO SALE: Payment of title insurance, state taxes & charges, DOC stamps, buyers costs, surveys, appraisals, and other related buying or selling expenses. |
1.5%
|
REALTOR knows & limits by contract
|
| INCORRECT PRICING: No appraisal, lack of ability to pinpoint market value during the selling time period (an incorrect pricing of $1,000 on a $50,000 home is 2%); |
2%
|
REALTOR knows & makes market adjustments
|
| TIME VALUE OF MONEY: Incorrect pricing slows or delays sale (up to six months could cause a 2% loss by the continuation of taxes and mortgage payments); |
2%
|
REALTOR pricing adjustments shorten selling time
|
| REPAIRS, PROPERTY CORRECTIONS FOR FINANCING: Do you know what repairs would be required, if any, and how you could limit or "cap" your expenses? |
2%
|
REALTOR protects you with contract limits
|
OWNER SELLING EXPENSE 10% VS. 7.5% REALTOR FEES