Originally Posted by
爱屋及乌
I sold my condo in Jul 2008, I did it without any agent. We decided not to engage any agents after learning all the bad experience fro friends and relatives.
First of all start to advertise on local news paper or property website, take call from buyer and screen for potential buyers for viewing , show the buyer around your property , negotiate with the buyer directly , offer an options to buy once you decided to let go, then engage a lawyer to represent u in this transactions. Every step is obvious , except for how to get whole of a options , u can easily obtains one from your lawyer by paying ard $100-150 or make it part of your S&P package with your lawyer.
What does I gain
(1) Save Commission
We spend about $100+ for advertisement (3 Saturdays) plus $100+ for a lawyer drafted option to purchase with mutually discussed and agreed term and condition between me and my buyer.
We saved almost $10K on commission. The selling process is abt 3 weeks. We only sowing our property during weekend where we are free.
(2) Better sale person
U know your area better than most of the agents out there. Sometime u see some hopeless agents (not everyone) that don’t even talk while there show their client around or they know nothing abt the units , worse still owner is the one who explain to the buyer. From my encounter to viewing other property , more than half of the agent did not do their homework before they.
(3) Transparent negotiation
I can negotiate directly with my buyer , we can share our concern and condition transparently. Why u need one or more person in between during the negotiation.
(4) Very good experience to negotiate with buyer and good training ground. Sometime u could make friends among your buyer who had viewed some unit within the area.