Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Use a real estate agent or not?
Old 02-27-2012, 03:03 PM   #1
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 2,694
Use a real estate agent or not?

I'm selling my condo and wondering how difficult it is to sell a home on your own. My condo is worth ~$40,000 but the agent charges 6% at a minimum of $65,000. That means they are charging $3900 (plus a $225 fee for something) or about 10% to sell my home. That seems like an awful lot. I've never sold a property before so not sure what it takes. Any opinions on if it's worth the money?

aaronc879 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2012, 03:08 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,201
If you are fairly knowledgeable about the process from selling or buying property in the past, it is pretty easy. In a past life I was a licensed real estate agent and had done a number of real estate transactions so I was quite comfortable selling on my own. We sold ourselves and our total cost was abut $400 of our attorney.

In our area, there is also a flat rate broker that charges about 3% as I recall.

10% is outrageous, I would think you could do much better shopping around.

pb4uski is offline   Reply With Quote
Old 02-27-2012, 03:30 PM   #3
Full time employment: Posting here.
Join Date: Nov 2008
Posts: 728
I'd list it but I'd limit the "fee" to 5% of the selling price plus applicable fees you would haet to pay if you sold it yourself. To me it's a no brainer in your price range......I would question paying 6% when you're selling something for 500k and the commission is 30k.
jerome len is offline   Reply With Quote
Old 02-27-2012, 06:59 PM   #4
Recycles dryer sheets
Rowdy's Avatar
Join Date: Jul 2011
Posts: 104
I've sold 2 houses myself and purchased my current house which was FSBO. The actual process is not difficult if you have a real estate attorney. The hard part is marketing the house, finding the time to show it, and the problem of opening up your house to unknown persons. I think today given my busy schedule with w*ork, I'm not sure I would have the time and energy to do it.
Rowdy is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Do you use Quicken (or commercial equiv) to track spending/budget? Midpack FIRE and Money 83 04-18-2012 06:05 AM
Pay off 81,000 in loans at 3.5% or save for 20% home down payment? ucastr03 Young Dreamers 13 02-28-2012 01:55 PM
Reasons NOT to worry about political risk to SS Khufu FIRE and Money 52 02-27-2012 12:16 PM


All times are GMT -6. The time now is 03:42 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.