Real estate agents face challenges from DIY buyers and sellers. Home sellers and buyers have an increased number of options as technology and websites evolve. The pro’s of going it alone are what I been waiting for. No more mis-representation by realtors that claim to have business ethics.
In 2017, 13 percent of buyers and 8 percent of sellers didn’t use a real estate agent when purchasing or selling their homes, according to the national association of realtors.
Flat fee services are on the rise.
A real estate attorney can handle a real estate transaction for a flat fee. Be sure to contact as many as three real estate attorneys before deciding on the best attorney for the job.
A big motivating factor for those going without agents or brokers is not wanting to pay a hefty fee or contribute to a 6 percent commission. This commission can add up to tens of thousands of dollars.
When selling real estate on your own, the most important thing you can do is qualify buyers. #1) Can the buyer afford the selling price of the property for sale?
Never let an appraiser step foot on your property and never let anyone tell you what your property is worth based on comps and any surrounding or similar properties in your area. This scam has been going on too long. No two homes are the same. Some property owners keep their property in a condition that they can come home to and enjoy. They love the sight of their home when they get home. Other property owners are slum lords and treat the property like it’s a place for meth heads. And then you have the appraiser that wants to come to your property and tell you that your newly re-modeled house is of the same value as another.
Realtors will try to talk a seller into selling their property for less than the seller wants to. The motive on the realtors part is for the buyers to see a good price and the contract could close faster, leaving a realtor with a faster commission. Never let a realtor or appraiser tell you what your property is worth. The DIY seller should always do the research and determine the selling price of the property.
Take the time and sell your own real estate. Realtors and appraisers are words that will be unheard of in another two years.
I have been a resident of Colorado for 36 years. I’m a former owner of a Denver dispensary. The dispensary sold for my retirement.
My book, titled “Colorado Marijuana Real Estate” is a how-to-guide for the entrepreneur and the blue-collar guy. This book provides a blueprint for starting a medical marijuana business plan.
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