Comments on: How To Sell Your House Without Using A Realtor http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/ Tools For The Best Life Possible Fri, 27 Aug 2010 01:09:14 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Terence Gillespie http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/comment-page-1/#comment-7351 Terence Gillespie Sat, 15 May 2010 21:39:41 +0000 http://www.youroptimal.com/blog/?p=270#comment-7351 Thanks for your well considered comment, Sandy. A Realtor friend of mine and I agree I was a bit hard on realtors in the article. In fact, I'm using one now to help sell a hard to sell house in another state and she has been invaluable. If my article helps sellers and buyers become a less passive member of their own team then that would optimize the efforts of all parties involved, especially in the this tough market. Terence Thanks for your well considered comment, Sandy. A Realtor friend of mine and I agree
I was a bit hard on realtors in the article. In fact, I’m using one now to help sell a hard to
sell house in another state and she has been invaluable. If my article helps sellers and
buyers become a less passive member of their own team then that would optimize
the efforts of all parties involved, especially in the this tough market.

Terence

]]> By: Sandy Watson http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/comment-page-1/#comment-7347 Sandy Watson Fri, 14 May 2010 22:23:09 +0000 http://www.youroptimal.com/blog/?p=270#comment-7347 Thanks for the article. It is good to have your perspective and I am using it to develop my marketing and business plan to help more people in Real Estate. The concept that Realtors are making a killing is false, although it is true that some may be. It is a tremendous amount of work, and some functions require a high degree of skill, if done correctly. Most Realtors operate as independent contractors and therefore need to understand all aspects of running their own business in addition to being good Realtors. Most Realtors were once professionals and typically come to Real Estate with a lot of experience and education. There are also a lot of costs in professional dues (they are required to join the local, state and national associations), fees for licensing to MLS, fees for new electronic technology for security, business license fees, and fees for educational credits to keep up with the laws. It all adds up. I personally like to tackle new projects, especially ones that can save a lot of money, but more often than not, I have had to call in an expert to bail me out. That's ok - at least I had a shot at it. I think your article at least shows that it does take some intelligence and expertise to get the job done, and I applaud you for that. Your article may be somewhat misleading, however, and it would be a good idea for the reader to be sure to consult the laws of the state they are operating in, at a minimum, and also to be more informed on the role of title companies. I do think you are trying to take the mystery out of Real Estate, and I again applaud you for your efforts. I also believe the compensation system is changing and in fact, should change. Thanks for the article. It is good to have your perspective and I am using it to develop my marketing and business plan to help more people in Real Estate. The concept that Realtors are making a killing is false, although it is true that some may be. It is a tremendous amount of work, and some functions require a high degree of skill, if done correctly. Most Realtors operate as independent contractors and therefore need to understand all aspects of running their own business in addition to being good Realtors. Most Realtors were once professionals and typically come to Real Estate with a lot of experience and education. There are also a lot of costs in professional dues (they are required to join the local, state and national associations), fees for licensing to MLS, fees for new electronic technology for security, business license fees, and fees for educational credits to keep up with the laws. It all adds up. I personally like to tackle new projects, especially ones that can save a lot of money, but more often than not, I have had to call in an expert to bail me out. That’s ok – at least I had a shot at it. I think your article at least shows that it does take some intelligence and expertise to get the job done, and I applaud you for that. Your article may be somewhat misleading, however, and it would be a good idea for the reader to be sure to consult the laws of the state they are operating in, at a minimum, and also to be more informed on the role of title companies. I do think you are trying to take the mystery out of Real Estate, and I again applaud you for your efforts. I also believe the compensation system is changing and in fact, should change.

]]> By: 24th Carnival of Making REAL Money - October 19th, 2008 | InvestorBlogger http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/comment-page-1/#comment-6330 24th Carnival of Making REAL Money - October 19th, 2008 | InvestorBlogger Mon, 30 Mar 2009 04:22:22 +0000 http://www.youroptimal.com/blog/?p=270#comment-6330 [...] Gillespie presents How To Sell Your House Without Using A Realtor posted at Your Optimal Blog, saying, “This is the story of what I did to sell my own house; [...] [...] Gillespie presents How To Sell Your House Without Using A Realtor posted at Your Optimal Blog, saying, “This is the story of what I did to sell my own house; [...]

]]> By: Terence Gillespie http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/comment-page-1/#comment-6327 Terence Gillespie Mon, 02 Mar 2009 20:23:31 +0000 http://www.youroptimal.com/blog/?p=270#comment-6327 Sue, If you formally terminated your contract with the broker you don't have to wait to sell it yourself. I'm assuming, however, that there is no tricky wording in your contract with the broker that prevents it. Even then I wouldn't worry about it. Tell the broker to take a walk if they now want a commission on a sale that you made through your neihbors. I'm glad you like my article. It got a bit long and I may turn it into a free downloadable e-book. Good luck with your sale, Terence Sue,

If you formally terminated your contract with the broker you don’t have
to wait to sell it yourself. I’m assuming, however, that there is no tricky wording
in your contract with the broker that prevents it. Even then I wouldn’t worry about
it. Tell the broker to take a walk if they now want a commission on a sale that
you made through your neihbors.

I’m glad you like my article. It got a bit long and I may turn it into a free downloadable
e-book.

Good luck with your sale,

Terence

]]> By: sue lambert http://www.youroptimal.com/blog/2008/10/08/how-to-sell-your-house-without-using-a-realtor/comment-page-1/#comment-6326 sue lambert Fri, 27 Feb 2009 23:27:54 +0000 http://www.youroptimal.com/blog/?p=270#comment-6326 can you answer a question for me? I put my home on the market & after signing the contract at 9pm on a tues. I thought about all the repairs this broker said I would have to do and by the next day had changed my mind about listing......so we terminated the contract and my house was not shown....1 week later, my next door neighbor asked if i was still selling the home & she had a buyer that would buy it "as is"....do I have to wait the 90 days until I can sell to these qualified buyers? Thanks for your help...sue lambert...ps. your article was great and very informative. can you answer a question for me? I put my home on the market & after signing the contract at 9pm on a tues. I thought about all the repairs this broker said I would have to do and by the next day had changed my mind about listing……so we terminated the contract and my house was not shown….1 week later, my next door neighbor asked if i was still selling the home & she had a buyer that would buy it “as is”….do I have to wait the 90 days until I can sell to these qualified buyers? Thanks for your help…sue lambert…ps. your article was great and very informative.

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