topic Re: Real Estate Selling Options in Budget & Savings

Real Estate Selling Options

Bruizer8 — Tue, 19 Apr 2022 18:18:02 GMT

I have decided to sell my rental home, it is time. Tenants are still living there. I am trying to decide how best to do it without having to pay outrageous commissions. The property manager I use for my rental has not been that great, so I do not want her to sell it (she is also a realtor). I am considering trying to sell it as "sale by owner" but I really don't like the idea of having to show the house and the time it will take to do that. Has anyone tried using AARP's program where they partner up with agents? If so, can you tell me your experience with that? Thank you. Brenda

Re: Real Estate Selling Options

RichS265119 — Tue, 20 Aug 2024 12:22:15 GMT

If you want to avoid paying high commissions and the hassle of showing the house yourself, one option you might consider is selling your property to a company that buys houses for cash. These companies can offer a quick and hassle-free sale, which means you won't have to deal with showings or lengthy negotiations. They typically purchase homes in any condition, so you won't need to make any repairs or improvements either.

Re: Real Estate Selling Options

GailL1 — Tue, 20 Aug 2024 13:24:23 GMT

While that is true and may fit the needs of some seller - don’t expect top dollar - too many hands in the pot and work to do before the final sale to [whomever] is complete. But the initial seller is out of the picture by then.

Course, all of this adds up to higher prices in the home selling marketplace and since many of these places end up as rentals - it is also adding to escalating rents on homes.

None of these things are bad - but if everybody wants to make money - a lot of money sometimes - the most money that they can -

Then it all plays a part in affordability. But that is how our world works - capitalism.

Re: Real Estate Selling Options

RichS265119 — Sat, 24 Aug 2024 19:50:14 GMT

I haven’t used AARP's program myself, but I’ve been in a similar boat. I sold a rental property a while back with tenants still living there, and it was definitely a bit of a hassle with showings. I looked into doing it "for sale by owner" too, but just didn’t have the time for all the showings and paperwork. I ended up going with a flat-fee MLS service to get it listed without having to pay a full commission. It worked out pretty well—less expensive than a traditional agent, but I still had some control over the process. If you don’t want to handle everything yourself but still want to save on fees, that might be an option worth looking into.