Commission free listing services flourish in a sellers market. When there are less properties available than there are buyers, it's a bit easier to sell your home. With the sheer numbers of buyers looking for homes, the chances of you selling your home yourself or with a company like Comfree that operates with a flat fee listing commission structure, are much higher.
What if you could have a flat fee commission and still have a full service realtor?
That means, a realtor would show your home, field all the calls, do all the paperwork, negotiate the offers on your behalf, provide the signage, hold an hope house, brochures etc . and put your home on the MLS all for a flat fee. That would indeed be the ideal situation.
Home sellers are many things, but salespeople they typically are not. Even the best sales person is to emotionally close to the deal to sell their own home effectively. Professional sales people are emotionally detached and able to show and discuss the property in a manner that leads the buyer to come view the home.
You can hold all the open houses you want as a buyer. You have a better chance of winning the lottery than selling your house from people who come to your open house. Most realtors work open houses all over the city, not just one house in one area. This means from an open house in the South East they may find a buyer actually looking in the southwest where your home is. That buyer may never see your home if it weren't for coming in contact with a realtor.
What Happens in a Buyers Market?
In a buyers market, when there are more homes for sell than there are buyers, buyers have the pick of many homes. This usually drives prices down, and as the market shifts from seller to buyer market, buyers will sit on the fence waiting for prices to come down, because they know that ultimately they will. Sellers might not be aware of this, and most certainly they will not like it, but that is the nature of the Real Estate market over time. It is in constant fluctuation and can and will be swayed by the economy of your region.
If there are lots of jobs and jobs are secure, buyers feel more confident to buy then when jobs are being reduced, the economy is in a downswing and they aren't secure in the jobs the currently have.
Few sellers take this into consideration on their own.
When the market switches to a buyer's market, home prices naturally go down. However, if you're putting your home on the market during this switch, and base your pricing on what homes sold for in the past six months, you will be in for a sad reawakening. Your home will sit on the market without offers for months.
If you want to sell your home fast for the highest dollar, give us a call. We can provide you competitive fees and superior service. Why do all the work yourself when you can have someone else do it and still retain your equity?
Call us today for a free home evaluation and to discuss our Flat Fee Listing Fees.