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Selling Your Home in Today's Market
Are you trying to sell your house? If you are then you know that you are competing with many homes that are in foreclosure and being sold by a lender sometimes resulting in a loss. In addition, people that are selling their homes are being forced to lower their prices since the general market value of homes will come down to the actually selling price. This is what happened when people were buying and selling homes at a profit - the market price goes up. The same thing happens when homes are selling at a loss - the market pricing goes down. What can you do to try and sell your home in a market that does not give you much in the way of profit or equity in your home. One solution is to list your home with a flat fee Limited Services Agreement. I am not talking about companies that advertise for the owners to sell through their system, but rather list your home with a full service broker so you home can be listed in the Multiple Listing Service, but not pay a high commission. This gives you the best of both worlds. The majority of homes sold are sold through a Multiple Listing Service and a Realtor. This is what Realtors do - they sell homes and put a lot of time, money, effort and education into doing so. A Broker (in Florida) will list your home, generally for a commission of the selling price - before your costs are deducted from the price. Typically this can be 6% and up. So for every $100,000 you pay $6,000 at a 6% commission. With a flat fee Limited Services Agreement you can choose to pay only half of a full Broker's commission to the Buyers' Broker and nothing to a listing Broker. For example -- with a Flat Fee Limited Services agreement you may pay as little as $275 to a "listing" broker to have your house or property given the extensive exposure the Multiple Listing Service gives a property. If you sell it - that is it -- no further commission. If a Real Estate Agent / Broker has a buyer that ultimately buys the home then you only pay what you have chosen to offer in the Multiple Listing Service as a fee or commission to the Buyers' Broker. You put in as little or as much in either a definite monetary amount or commission -- it is all up to you. This can save you thousand of dollars with just about the same exposure you would pay for a full service brokerage company. You can choose the services that work for you and save tons of money. At Southern Pines Realty we give off of our Florida property owners an option to best fit their needs. Take a look at the web site and it can answer all of your questions and maybe the answer you have been looking for. |
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This intel was contributed by Sherri
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May, 2012
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