Not Using an Agent Saves Money
The concept of Practical Tips for FIRST TIME Buyers or Sellers is purely outdated or in fact mythical in a sense that it does not guarantee any amount to be reserved for you at all. Buyers should understand that commissions are already built into the property price. And if you will insist on buying a property without an agent, then the agent of the seller would receive the commission whole and entire instead of being split between your agent and the seller’s agent. On one hand, a seller who refuses to have an agent would suffer same fate but in a different manner. For the lack of an agent would precondition a buyer’s mind of a largely discounted price of the said property, which compensates the idea of not having to pay for an agent commission. You may still sell a property successfully without an agent; however, it takes a lot of skills and profound knowledge of the business.
Remodeling Rarely Pays for Itself
According realtybiznews, “a professional rehabber can make a remodel job pay for itself and even deliver a decent profit when they buy at the right price.” However, other suggests the difficulty of selling a remodeled house, for the house may stay longer on the market unless price is adjusted downward. A suggestion coming from experts is to remodel the house few years before you sell it. In such a manner you may still enjoy using the remodeled house or part of it which may “compensate for not recovering the full cost at the time of sale.”
The Right Open House
Open house for public may sometimes not yield in to something profitable both from a buyer and seller perspective. That is why it would be good to try an open house exclusive only for particular agents that clearly have idea of what you want or need. Thus, it would avoid wasting time talking to agents who are simply looking for other sellers or buyers in the market.