Are You A Do-It-Yourselfer? Tough Lessons To Learn Here!!

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Services for Real Estate Pros with RE/MAX Executive Realty 104763
https://activerain.com/droplet/JS8

Are you a do-it-yourselfer?  I’m not talking about doing repairs to your home.  I’m referring to listing your own home rather than hiring another listing agent in your office to list it.  Is it worth paying someone else a listing fee?

In my opinion, it certainly is.  I listed my home in 2008, just as I felt the market starting to slowly change in my area.  I had at one time owned over 20 homes and condos and never listed any of them myself.  I purchased them without any other agent, but "always" used another agent for the listing end.

Listing a property is the side of the transaction that is chuck full of emotion and gets very personal.  Emotion does not belong in any business transaction.  The only way to remove it is to list with another agent.  Paying a co broke fee was always a good decision to me.

I was able to forget about my home and focus on my business.  My listing agent was the go between that allowed me to stay emotion free.  I’m confident there were comments that would have made me defensive, and I never heard them; there were certainly times during the negotiating of the offer that I would have jumped down someone’s throat, but I never had to; and I only heard the good news, never the other side.

I never went to the closing either.  My attorney and my listing agent took care of everything.  Listing your home is the biggest invasion of privacy that anyone can imagine.  The more separated you become from that invasion, the easier it will be to endure the process of listing your home. 

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Barbara Todaro

Marketing Agent for The Todaro Team

308 W. Central St...suite E

Franklin, MA 02038

508-918-9148

Exclusive Marketing Agent for The Todaro Team

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 08/14/2018 03:00 AM
Topic:
Home Selling
Location:
Massachusetts Norfolk County Franklin Top Listing Real Estate Office Re/max Executive Realty
Groups:
Active Rain Newbies
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Real Estate Rookie
"Whacked"!!!
Be The Best In Your Field
Tags:
representing yourself in a transaction

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Rainer
152,258
Anna Tolstoy
Coldwell Banker Residential Brokerage - Natick, MA

Barbara, that is so very true. I was watching a certain listing, where agent was owner. The property was listed on and off during past 2 years, never getting an offer (at least nothing was noted in mls). Recently, the home was listed with another agent, staged nicely, and sold within 10 days. Sure, market is better right now, but the property was not overpriced and had potential to sell in any market. And I was just thinking the other day, that when  / if time comes to sell my house, whom in the office would I refer this to... 

Oct 11, 2012 03:35 AM #26
Rainmaker
4,999,976
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Anna....list with an agent that you think is the most competent to handle YOU AND YOUR HOME.

Oct 11, 2012 03:37 AM #27
Rainmaker
3,610,420
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Hi Barbara. I am a do it yourselfer as you know. I agree distance is good but with my dogs, I need to be able to control the showings, get out and let the agents do their thing. I take your point however, and think it depends.

Oct 11, 2012 04:10 AM #28
Rainmaker
4,999,976
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Sheila.... I understand.... there are situations that need to be addressed where the owner needs to be there....

Oct 11, 2012 04:13 AM #29
Rainmaker
2,455,979
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Put out some stuffed grape leaves, some humos, tabouleh salad and pita with some baklava etc and everyone will calm down soon enough. That is what our ancestors did...Eat and we will talk later...

Oct 11, 2012 05:12 AM #30
Rainmaker
4,999,976
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Richie.... I'll be right over..... I'll make some choreg first and bring it with me for you...and I think you should ask Karen Fiddler to join us...her father's Armenian..... good people. 

Oct 11, 2012 05:17 AM #31
Ambassador
1,893,189
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News
I have bought and sold a number of properties that I own without hiring another Realtor. I just accepted an offer on my condo yesterday and had no problem negotiating the contract without getting emotional involved. No one know can articulate the benefits of the property better than someone who has lived in it for a number of years.
Oct 11, 2012 10:15 AM #32
Rainmaker
4,999,976
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Cindy..... I never wanted to deal with any of it.... it was easier to give it to someone else to do....and then I never had to communicate directly with the potential buyer or an agent....congatulations on your success....

Oct 11, 2012 10:30 AM #33
Ambassador
2,298,288
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Always always work with a professional who is not emotionally attached to the transaction.  That leaves the owner out.. :) 

Oct 11, 2012 11:24 AM #34
Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I think both sellers and buyer should have agents looking out for their interests.

Oct 11, 2012 12:34 PM #35
Rainmaker
809,919
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Barbara:

I would never list my own home.  I am too emotionally involved.  I know I need to have someone between me and the buyer.  My good friend and colleague will have that honor when I am ready to sell.

Oct 11, 2012 01:25 PM #36
Ambassador
1,703,510
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Maybe I shouldn't comment on this but I have sold my home before. There were no problems during the showings or offers. I loved my home and so did the buyers. They performed an inspection and found no issues because I addressed every thing prior to listing. We closed without any drama. The process was very cordial and satisfactory to us both.

However, I worked with an agent earlier this year who was a buyer for one of my listings. She was nothing but a pain in the neck. She constantly harrassed me about every little thing. It was only in escrow 30 days and I received 50+ emails, texts and voice mails. She was incompetent and pretty awful to work with.

Oct 11, 2012 01:33 PM #37
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2,008,677
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

 Barbara - I can see your points though the temptation is there, just like it is with a FSBO, but worse because we know we can do it.

Oct 11, 2012 02:55 PM #38
Rainmaker
1,778,626
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality
There's an exceptIon to every rule, right? Earlier this year I listed my home of 35 years and would do it again. I was so happy with my new urban life, and knew I had outgrown the house, that I had no problem being emotionally attached. It was time for another family to enjoy the kid-friendly yard, the young neighbors with small child's, the wonderful space. It was a delight seeing another family anxious to love the place and enjoy it for years to come. That being said, it's definitely not the road for everyone--one needs to know oneself clearly.
Oct 11, 2012 03:10 PM #39
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree it can be difficult to sell your personal residence but if you are selling your investment property it is not as difficlut to LIST  it yourself though . (not as a fsbo.)

Oct 11, 2012 09:10 PM #40
Rainmaker
1,004,473
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

I think it can be a major mistake for a person to take what they feel is right for themselves, and the globalize it... saying that it is the correct and right thing for everybody to do.  We are all different, and what may work, or in this case, not work for someone, may be just fine for someone else.

I have been the Listing Agent for every single one of my homes that I have had to put up for sale.  Never had a problem, either.  However... I am glad that the way you handle it works well for you.  Whatever works.

Oct 12, 2012 01:04 PM #41
Rainmaker
1,004,473
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Barbara:  I read your comment about E&O insurance not covering it when an agent lists their own property.  I have never heard that before.  I am guessing that it is another one of those things that varies state-to-state.  Again... whatever works best is what one should do.

Oct 12, 2012 01:08 PM #42
Ambassador
605,385
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552

Barbara, I'm sure that for you and many other agents, hiring someone else to list your home may have been a great decision.  I think the decision whether to represent yourself depends on your own personality, your financial situation, how objective you can be, and how busy you are otherwise.  I can see advantages and disadvantages either way.

Oct 12, 2012 10:48 PM #43
Rainer
28,127
Brian Park
Park Realty Investments - Murray, UT

My thoughts are if your not a good enough agent to represent your self, then your not good enough to be representing others. I do list my own but offer the buyers agent more then normal. The only time I list with another agent is if the property is out of my market area and again I have the listing agent offer more to buyers agents by increasing the listing percentage to cover it.

I can understand emotional involvement, I once represented a broker friend for free in purchasing a home for himself. And when I stopped by to tell him the offer was accepted he fainted. It was his first home even though he had been a broker for about 20 years.

Oct 16, 2012 04:42 AM #44
Rainmaker
1,323,104
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

When I was an active agent I did list my own homes very successfully.  I think I maximized my return on investment by doing so.  Having been retired for 7 years, I would NEVER do that now. I don't have access to the same tools nor the current rules and regulations required.  I have trusted ex-peers who I will not hesitate to hire. 

Aug 14, 2018 01:08 PM #45
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