As a professional in a service industry, I know that often times it can seem as though a professional doesn’t do anything that you couldn’t do yourself. Usually, that means that your professional is just very good at their job. However, that isn’t always the case.
There are plenty of financial planners and financial advisors out there who run a version of the same Internet calculators that you can find to determine how much you need to save per month, and then set you up in the same American Funds portfolio they put everyone in. (A portfolio they probably got during a "training" class from a more senior advisor.) The same is true of real estate agents. A lot of real estate agents don’t do anything more than put your home on the [tag]MLS[/tag] system and then answer the phone.
That is not the case with my [tag]real estate agent[/tag]. Due to the various lifestyles that we have chosen to live over the last several years, we’ve moved more than your average person. This move will be our third since 2002. Our [tag]realtor[/tag] who helped us buy our second and third place (we bought our first directly from the builder) is great and is most definitely not one of those list it and wait types. Still, there is only so much you can do. Until the person who wants to buy your house walks into your house, nothing will happen. So, when we decided we needed to move we called her. We walked through what we needed and wanted and came up a little short in the money we would be making by selling our home. So we made a tough decision. We are going to sell our home ourselves.
I know you’ve seen hundreds of [tag]For Sale By Owner[/tag] web sites out there, and quite frankly most of them are junk as far as I can tell. We found one though and we’ll be using it. Everything else we are doing ourselves. I’ll blog about it here so you can follow along and see how we are doing. Hopefully it will be helpful to you if you are looking into the same thing in the near future.
Wish us luck.
P.S. My wife is an attorney so that covers us on the whole contract and closing part. Even if she wasn’t, having a real estate attorney review your contracts would only cost $500 or $600 which is a far cry from 5% or 6% of $500,000 or $600,000.