Belt Auction - What other sources are there other than Real Estate agent to sell my house?

What other sources are there other than Real Estate agent to sell my house?

I want to sell my house. Coldwell Banker says they will take 5 1/2 % as a charge!! That's a lot to me in this market. Prices are already low. I virtually make nothing!! Without involving them, what are posiible other community sources I can utilize? I am in a desparate situation. Help me!!

Public Comments

You don't need anyone to sell your property. Put a sign in the front yard. However, a real estate transaction is complicated so, it's worth paying a professional. There are services like assist to sell that charge a flat fee. Talk to other local realtors. You might be able to negotiate a flat rate or better commission with them.
I see a lot of homes posted on craigslist if you are wanting to advertise on your own, or the local newspaper. Usually the fee they charge is worth it, because it can take a lot longer to sell on your own, and in the mean time you're making house payments which could end up being more than the realtor fee. So, it's beneficial to have a realtor advertising and showing your home, well as long as you get a good realtor. They can show it while you're at work and get more people in to see it, thus increasing the chances of selling. A lot of times, if you ask for a lower fee they will give it, Our realtor agreed to charge us 4%. but the market was so bad we ended up renting it.
You could sell it youself but you shoukd consider your cost to market the sell of your home. When you pay the RE company they enter the property on the multiple lising site which allows every agent looking for your type of home the opportunity to see and possibly close a sale on YOUR home. Bottom line, if it doesn't sell...you profit is zero. If it does sell...you will profit 5% less....but you will profit .
There are plenty of advice on the web on selling a home for sale by owner, just beware that many response to your FSBO will be scammers Best route maybe to try FSBO but offer 3% to buyer’s agent Just remember you are trying to sell into one of the worst housing markets ever; 1.Currently 1/3 of all homes sold are bank owned 2.Currently 1/3 of all buyers are cash sales i.e. serious investors looking for killer deals 3.Experts feel that in general the US housing market home sales prices will continue downward another 3 to 11% well into 2012 4.Extremely difficult to get a bank loan, plus the added fact of 20% down, plus the high unemployment equals smaller buyer’s pool
6% has been the standard sales commission for decades - 5.5% is a bargain without a RE agent, YOU will have to pay for ads to advertise the house (which very few people will see) and you will have to handle all potential inquires, people wanting to see the house, and YOU will have to know how to handle all the legal paperwork without screwing yourself in the process - that expertise and the ability to list the house on the MLS system is what you are paying for and no matter which method you use, it could take 6-12 months to find a buyer if you find one at all you might price the house too high to get anyone interested - house values are down 20-30% in most areas since 2006 and they are headed back down again
If the concept of transfer of a commission to a real estate agent irritates you, sell your home yourself. Before you follow this path, any factor that is involved: You will not only put the sign on your lawn, but make phone calls and appointments, buying ads, organizing open days, and negotiate.........