Has anyone sold their house without an agent and “as an owner”? How was that experience? As a commercial RE attorney I feel I should be able to do this solo and save the agent fees but not sure. Any advice?

like
Posting as :
works at
You are currently posting as works at

Do it. Agents are rip offs. It’s not hard. As you know, title company does most of the work.

like

You mean taking your money to do nothing?

like

Yes. It was simple, especially in a sellers market. Take good photos and list online on places like Zillow with buyer's agent commission protected at regular rate in your area (usually 2.5 or 3%).

The buyer's agent does all the work. Seller's agent gets 3% for marketing essentially, but in a market where everything sells within hours rather than weeks, anything that hits Zillow is being seen.

like

Agree with this. Selling couldn't be easier in this market. Don't throw away 3% for someone to do next to nothing. These realtors touting themselves as great "salesmen" are kidding themselves. I could put my backyard shed on Zillow and I'd get a buyer. You will, however, lose access to the MLS without an agent. If you get an agent, have them do it for 1%. There is literally no "marketing" required besides listing it online. In a different market, more work would be required. But in this market, you're gifting someone 3% for doing next to nothing.

Every agent in your area will be bad mouthing your house and every buyer will expect to share in your savings.

like

Also—be prepared to offer a buyer’s agent fee (2.5-3%). That will nip the bad-mouthing in the butt. We sold our former house this way and bought our current house this way-it was pleasant both times.

like

Selling your house yourself is a lot like representing yourself pro se: if you find yourself thinking you can do it all on your own, you have an idiot for a client.

like

A good agent is really helpful with putting together an effective marketing campaign, doing comparative market analysis, managing showings, handling contract negotiations, getting through the inspections process, and getting the deal to closing. As a commercial real estate attorney, you should look at your billable rate and the time you would spend, and include that in your cost. As others have said, FSBOs don’t get nearly the buyer traffic. Also, since you are used to the CRE space, you are used to a different style of practice. I personally would hire a good agent and seller’s attorney and let them do the work, but double check the settlement statement closely.

like

I’d definitely do it. Homes here in Indy sell within days. So paying a realtor is a waste of money. IMO.

likehelpful

Slightly biased opinion but as a realtor (NY & NJ), use an agent. They’ll be able to generate a lot more traffic/interest to your house. Especially if you use a larger brokerage, your agent will know buyer’s agents within their brokerage who will reach out to see if there’s any interest from their clients.

Some general listing agent advice, interview several agents. Some will have lower commission fees but nickel and dime you for marketing and advertising fees. Others will have higher commissions, but won’t charge any ancillary or advertising fees. Lastly if you’re working directly with a broker, see if you can negotiate a specific commission structure or flat percentage that works best for you.

likehelpful

I helped my son buy a house, sans realtor. I put an ad on Nextdoor saying “I have a client looking to buy a home between $X and $Y. Before you call a realtor call me.” It worked out great with seller paying no commission.

like

I bought my house without an agent but I wouldn’t sell without one. It just seems like way too much work.

like

My main question is this: What is your time worth?

There are 2 issues here: Ease of the transaction and traffic to buy your house.

If you feel YOU have the time to stage, take pictures market and show the house then all by means try to do it yourself. This is the traffic issue. Can you spare your time to do all of these things to generate traffic to buy your house?

Second: You don't know what you don't know. A real estate agent knows how to easily navigate the BUYER and the situation. Do YOU have the time to dedicate to their inspections (etc etc)?

Is all of the time you are going to use worth not paying the 5% commission?

like

Our old neighbor did. It was apparently a nightmare. WAY more work than he anticipated, and based on the MLS he ended up selling lower than what he could have. Plus we just heard that the new owners are filing a quiet title action against him and a malpractice action against his closing attorney because their title has issues despite a supposed title search and transfer of a warranty deed.

In contrast, we bought our house from a flipper who is a licensed realtor, and she still used a local realtor as her agent for the sale. And our buying process was extremely present.

like

We looked into it for our house but ultimately ended up not selling and renting it out instead. You can’t really hit the ground running without an agent, because Zillow and similar websites won’t allow “coming soon” posts for FSBO homes. And in most markets now, the first few days of a house being on the market are absolutely crucial. So there’s a high risk your house will inevitably look less desirable because it’s sat for X days on Zillow. If you live in a really desirable neighborhood, though, your neighbors may have friends looking to move there. So I would start by talking to neighbors and friends, posting on Nextdoor that your house is coming to market soon, and then see if it gets any traction. Then you can decide if you need an agent.

like

Jurisdiction?

Georgia

Looking for a buyer? DM me.

We did it. We will never do it again, even though we got a good price for our place and saved the sellers’ commission. Long story short, it’s a huge hassle, and yes, many buyers’ brokers will not show your place. It’s a cabal.

You aren’t paying the agent for legal expertise/knowledge. You are paying them for market knowledge/marketing/coordinating and scheduling between all relevant parties. You can do this on your own, you just might not be nearly as effective, which could result in not getting as good a price and/or wasting a ton of time and energy you could have put towards something else.

More Posts

Did your hips get wider after birth? (Outside of weight gain) 🤔 I lost all my weight more or less and wondering if I should get rid of 15 pairs of pants I can’t fit in anymore 😩 and go one size above moving forward

like

Received a verbal offer of 165k base for Vice President - Lead Product in Chicago at Bank of America
Base: 165K, equities and bonus buyouts.
I have to provide my expectation in 2 days. How much I can go up to…can I stretch up-to 220k base? #pm #product #productmanager #bankofamerica

Objective: I wanted to have a best far fetched offer!

I am shortlisted for
Head of product - Moneygram,
Vice President - product management- Opportun(Fintech)
and Group Product Manager - US Bank

like

I so badly wanted to get offer letter and resign from my company.

Now I have OL and serving notice, still I’m not happy and want to go for higher package and better offer.

Seems like, This is a never ending rat race, what do you guys do to relax? To have some quality time? I am somehow not able to enjoy my life and this hits me hard quite often.

Also it’s easy to see people earning double with same YOE. Do you guys feel the same?

like

I haven’t really been enjoying being an industry accountant. After 4 years in B4 audit and 1.5 in industry I’m really starting to think about going back to maybe a GT, RSM, or BDO type firm

like

Any designers with freelance availability? I’m a freelancer (CD, Copy) and could use some help with some social posts, landing pages, emails. Consistently inconsistent, but around 10-20 hours a week. Junior or mid-level. Remote. Let me know if you know anyone and I’ll reach out! Thanks.

like

16 weeks and so worried all of the stress I’m under is going to hurt the baby. Between work, my own scary (non-pregnancy) health stuff, the pandemic, my mom (who is a widow and lives alone, basically isolated by choice due to covid) is having health issues, and pressures to keep billable hours up, I’ve been having complete breakdowns. Today I spent almost the entire day crying and now have to make up the billable time this weekend. I really worry abt what effect this will have on the babe.

like

Interviewing for A&M PEPI CFO services. Any tips on the case study? I was told it would have to do with understanding the 3 financial statements.

like

Danish salaries. What can on expect to get interns of basic and commission
I’m pretty sure I’m batting below my average in this department and pay rise meetings are coming up. Also the support team see. To be doing well, lots of new electric cars.

like

Dating this white guy, who is nice but I dont have patience to teach him everything. How do you guys in interracial couples deal?

funnylike

So who’s already started creating Reels for their clients/brands IG accounts?

What are your thoughts on it so far?

like

Happy post Thanksgiving/Black Friday

Wordle 524 4/6

⬛⬛🟨⬛⬛
🟩⬛⬛⬛🟩
🟩⬛⬛⬛🟩
🟩🟩🟩🟩🟩

like

Ladies... how do you carry your fav perfume in your carry on? Mine comes in 100+ ml bottles. I occasionally buy roll ons. What are the other options out there

like

Dear All,
I am working in TCS since last 4 years. I am currently working as a Corporate Marketing Manager and looking for a change in job. My expertise is in content Marketing, corporate communications, creative designing, event Marketing.
Request you to please recommend me in your respective firms, if there are any similar positions available. Thank you.

like

Has anyone taken ITIL 4 foundation test?

likeuplifting

Hello Deloitte Family! Happy to refer anyone to Accenture. DM me and I’ll get the process started ASAP!

funnylike

I have 60k AMEX points, should I:
1. Keep as is
2. Convert to 750 cash
3. Move to delta

like

I am teaching a yoga workshop for teachers soon. I was wondering what tips you would give teachers to integrate into their day? These will be high school teachers.

I don't know why companies think TikTok is a good way to advertise their products. It's not like people are going to listen to the entire ad before they move on.

like

What level do you start making $400k annually in data science software? I have a friend who just moved to Seattle and claims this is a common package there.

funnylike

What’s the highest pay can be offered at BNY Mellon for J grade (AVP) in BA profile ? I have been told they don’t have budget when I asked for 30 fix.

like

Additional Posts in Law

My opposing counsel just sent us a 100 page Request for Production of Documents with 125 Requests. We are in arbitration. I have not seen discovery done like this in arbitration before. This seems to be wholly counter to the mission of arbitration (cost effective resolution). Do you think this is acceptable or should I move for a PO?

like

These student loan repayment emails are so aggressive 🤣 “ready, willing and able to start making payments again?!” No. Eff off.

likefunnyuplifting

Is it appropriate to wear a paisley tie to a routine court hearing? I have a purple paisley tie, which I refer to as my Prince tie, and my esteemed colleague says that it’s too informal for court. I, on the other hand, maintain that it’s totally okay to wear. I need to settle this debate.

like

How do you leave a job 2 months after starting if the only reason for the move is more money? The people are so nice so I feel awful even thinking it. Not even sure how or where to start…

like

Which firms have an upward review system?

likehelpful

If you’re happy where you are, what compensation increase would you consider a compelling reason to lateral? Assuming work expectations (hours, job responsibilities, etc) stayed the same.

like

Started at a new firm right at the end of feb. It's small with a couple of offices. Is it acceptable to take off 7 days of PTO in October? Our PTO does not roll over and I can't get compensated for the days I don't take. I'm usually of the yolo opinion but also worried it will make me look bad to be out for over a week (Thursday Friday one week and then Mon-Fri the next week)

like

Please for the love of god someone get me out of ID. I’m seriously considering just not being a lawyer at this point.

like

Do you feel informed about what’s happening in your firm and practice group? Overall, my firm seems very transparent. My group, not so much.

likehelpful

What is an acceptable timeline to give a firm for a start date as a lateral associate when the firm is located in a different city from where you currently live and work and a move will be required?

likehelpful

What year PQE do you make senior associate at Bakers?

like

In this crazy hot lateral market, it got me asking - when is considered a good last year you can make a lateral move as an associate at biglaw? 6th/7th/8th? Im sure it depends also on where that associate is headed. Feel free to write those diff paths!

like

Anyone own in NYC? Tell us your numbers to give us a pic of how you made it happen. How impossible was it?

likehelpful

OC wouldn’t agree to a non disparagement clause in a settlement agreement and my client just trashed OC’s client publicly to the world. Sucks to suck.

funnylikesmart

Best tip you got as a junior? Mine was to always bring a notepad, even if I’m just going to pee.

likefunnyhelpful

I’m moving to Dallas soon and looking to buy a house. Does anyone know if Mansfield is a good, safe area with good school districts? Also, how would the commute be to North Dallas? Thanks in advance.

like

Lawyers who started their career in public service had a less prestigious non federal job, have you ever had an interview ask if you only got your job because it's the only one you could get? It's happened to me multiple times right now and I'm tired of the question and it made it a personal philosophy that if they ask that I don't work there.

like

I have a great offer in the federal government -- really a stepping stone to a dream job, and IDK if I'll get the chance again. I'm a Republican, but Jesus Christ this administration...

likefunny

Anyone have any insight into Armstrong Teasdale? Firm culture, hours requirements, wlb, etc?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal