Profile picture for user9892217

I'm considering selling my townhome that I purchased less than 2 years ago.

Do you think it's best to try and sell by owner or go through a realtor?
  • May 18 2012 - Bolingbrook
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Answers (8)

Use a realtor. I cannot stress that enough. Realtors make things soooooooo much easier. 
  • December 08 2012
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Profile picture for Mike11767
Some of the answers are great. Read them. I will say one thing, the money you spend using a good "experienced" realtor can be invaluable. If you sell on your own you have no one to blame but yourself if things go wrong. Don't make your decision only based on money, there is a lot more to it.
  • May 18 2012
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Profile picture for wetdawgs
FSBO isn't for everyone.  One contributor wrote an excellent blog about considering FSBO that I highly recommend (link)

A capital loss for home sale is not something you can deduct from your income when preparing your taxes.   Please see the irs.gov website.

  • May 18 2012
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Profile picture for JoshBarnettREIB
Questions:
1.  Do you have experience selling homes? 
2.  When you bought your townhome, did you buy at market or above market? 
3.  Is renting the townhome out an option?

Thoughts:
1.  If you have experience selling homes, try it yourself, if you cannot, hire a Realtor.
2.  If you bought at market 2 years ago, you are probably going to take a loss on the sale, get w/ your accountant to see if you sale in less than 2 years if you can take the loss against your regular income and pay less taxes.  Consult your accountant on this, I am not an accountant, this is just a thought.
3.  Call three local property managers and see if you can break even or make a little money on renting the townhome out, if renting is an option.

Hope this helps,

Josh Barnett, Realtor
  • May 18 2012
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Profile picture for JohnWilt

It sounds like you need a Full Service Broker that offers you Exclusive Agency (the ability to sell on your own).  With a Full Service Exclusive Agency listing you get a Realtor marketing your home via the MLS, Realtor.com, relocation networks, etc., at the same time you run your ads. NO money up front and NO money if you sell it yourself. It's the best of both worlds. Our program even offers a showing service for Free!  See our website for more info on Exclusive Agency for FSBO sellers.  -John

  • May 18 2012
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Selling on your own can be very time consuming so just be prepared in advance. You would be the point of contact for showing the house, reviewing documents, marketing, etc. If you have equity in the house and can afford to pay the realtor commission, you are better off going this route. You will get maximum exposure on MLS and other websites that buyers are using, realtor will show and market the house, help with disclosures, inspections, escrow, etc. Selling a house is a huge commitment so having someone that is licensed and insured to represent you is always a good thing. Of course as a realtor I have a biased opinion :) but I always recommend having an expert help advise you through the process. Good luck!!
  • May 18 2012
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I would like to discuss this with you personally to go into more depth.
Briefly...not all realtors are 'created' equal. Interview realtors that have established their reputation and work with a major Real Estate company.
Choose one that you are personally comfortable with as you will have a relationship that depends on good communication. When you choose the right agent for your circumstance then the objectivity, pricing familiarity, marketing, staging and negotiating will be the keys that will produce a successful outcome.
  • May 18 2012
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You can try, but usually cannot get the exposre you need. My web site offers a Flat Fee listing that might be of interest.
  • May 18 2012
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