Should I list my home for sale by owner?
March 312010
My house has been on the market with a realtor for 6 months. All she did was put a sign out in front of my door and list the property on the MLS. She didn’t even go the extra mile to list on additional sites or anything. After 4 months of no action I asked for an open house. I sent her an email saying that nothing had been done for 4 months except calling saying an agent called and wants to show the house. I asked what’s the next step and she had none. I reluctantly lowered the price twice to total $20,000 which I sort of now regret because she did nothing. Half the time I could not get her on the phone, so I wonder how many possible buyers couldn’t get in touch with her either. Her contract is up next week and I need advice on if I should give it a go myself for a few months. I have lots of experience in sales and marketing and I am not working right now. What do you think?
My house is in New Orleans, LA. It is in a very nice neighborhood on the city called Lakeview. One that is actually considered to be one of the best. It is also on a beautiful Blvd. that gets lots of exposure.
G, I understand your fustration and agree with you that maybe that agent didn’t do all she could have. But before you get your pants in a knot, what I would suggest is talking with 3 other Realtors, interview them in effect. Here is what you want to have them tell you – not what you ask them;
#1 MLS to Realtor.com
#2 Brochure booklet for the home and extra’s for potential buyer to take with them after showings
#3 Brokers Open House with first 2 weeks of listing
#4 Open House (Sat/Sun) within 30 days of listing
Most agents have access to various sites on the internet to advertise their listings, they should tell you up front what those are.
While advertsing in newspapers helps the agent, the only time I would ask for such advertising, is a week before your weekend Open House.
You can certainly go the FSBO route if you like, but I can tell you from personal experience, that most inquiries will be spam or scammers. Most buyers that approach by calling or coming to the door, may not be qualified and you want to be careful not to let anyone in when you are alone.
Last but not least, while today’s buyers do a great deal of research and looking online, most end up buying with a Realtor. Don’t miss the few buyers that are out there, because you decided you could do it on your own.
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