1 Rule for Selling Your Lakewood Ranch Home
We all know, the Lakewood Ranch real estate market was hit hard over the last few years
. For this reason, a lot of people are pushed to reduce their price if they truly want to sell a home in Lakewood Ranch.
Sadly, due to the economy, most people simply can not cut their price any more. When they factor in the real estate commissions that must be paid these people realize they've gone as low as they can go. Any lower and they'll have to short sale their house and we all know what a nightmare that can be.
However, as it often occurs to anyone selling a home in Lakewood Ranch, if they could just get rid of that commission they could reduce their price. This leads many people to try to sell their Lakewood Ranch real estate without employing a real estate agent.
The issue is, these FSBOs (For Sale By Owners) do not understand how tough it is to sell a home in Lakewood Ranch on their own. First of all, if you do not use an agent, you will lose out on the professional advice of the agent as well as the marketing and advertising of the real estate company. Not to mention being forced to run all of your own open houses and being accessible for all showings. However, the most significant disadvantage of all is that without the help of a Realtor you have no way of listing your Lakewood Ranch real estate in the Mid-Florida Regional MLS and if your home is not listed in an MLS you have greatly reduced the chances that it will actually sell.
So what is someone who is trying to sell a house in Lakewood Ranch to do? On the one hand they really need to eliminate their real estate agent to allow them to lower the cost of their house, but on the other hand, they need the real estate agent for all the reasons discussed above.
The good news is, there is a solution to this problem and to some degree you CAN have the best of both worlds...you CAN sell a home in Lakewood Ranch on your own and save the thousands of dollars you'd normally spend on real estate commission.
How?
The answer is simple...Go with a local flat fee listing company. With a flat fee listing company you can list your Lakewood Ranch real estate in the Mid-Florida Regional MLS (as well as many other sites) for a one-time flat rate that typically ranges in price, but can be as low as 299.00 depending on the company you choose.
Getting your house listed in the Mid-Florida Regional MLS is definitely the most important step you can take if you wish to sell your home in Lakewood Ranch. The fact is, if you are not in the Mid-Florida Regional MLS other realtors will NEVER know your home is for sale and they will NEVER know to tell their clients about it.
Naturally, if you go this route you are going to still have to pay a fee to an outside agent, but you don't have to pay a listing agent any commission (other than your one-time flat fee). This savings usually amounts to 3% of selling price of your house. Do the math...if your Lakewood Ranch home sells for $300,000 and you save 3% in commission, then your savings amounts to $9000 (minus your $299 flat fee). And, if you happen to acquire the buyer yourself (without an outside agent bringing the buyer) you then save the entire 6%...a total of $18,000 on a $300,000 (minus the $299 flat fee).
The market has made it very difficult to sell Lakewood Ranch real estate these days. It is even tougher if you're trying to sell your home all on your own. However, if you use a good local flat fee listing company you CAN sell a home in Lakewood Ranch and you CAN keep your portion of the commission (and potentially a lot more).
1 Rule for Selling Your Lakewood Ranch Home
By: Adam Waxler
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