Lots of my neighbors sold. I know what worked and what didn't. The people who got by far the most money for their homes were the ones who used traditional real estate agents with the large commissions. Everybody hates it but that's the way it is. The multiple listing service completely dominates the market. And the buyers are almost all represented by real estate agents who will not show your house unless they're going to get the customary commission of two and a half to 3%. And if they go to her house that's a for sale by owner that's offering two and a half to 3%, their view of it is they're going to do 6% commission worth of work meaning all the work of both the buyer and the seller agent and they're only getting half price so they're not happy with that either. So you know just for an example one person did an auction and got 375 everybody else used full full commission real estate agents and got 495 and 550 and 485 and 49 0. now I will say this at the closings sometimes fell through for the full service real estate agents because you're going with buyers who have to go out and get loans based on a drastically increased home price. So if you're trying to get a higher price for your home in an area that is not had a lot of recent sales at the new higher price levels you may find that your first buyer gets crucified by the lender who can't get an appraisal for anywhere near that high price so they can't approve the loan. But if you're going for that mystical all cash buyer which everybody claims to be now but you find out actually isn't an all cash buyer and they're all going to get loans anyway you know then well you take what you can get. So you really have to prepare yourself that once you get an offer that the closing might take two or three months and the buyer might either fail to get the loan or it might take two or three lenders tries to get the loan. But in any case you're probably looking at a two to three month closing. If you use a full service broker but you're going to get much much higher prices. That's what I've seen in my neighborhood.
Lots of my neighbors sold. I know what worked and what didn't. The people who got by far the most money for their homes were the ones who used traditional real estate agents with the large commissions. Everybody hates it but that's the way it is. The multiple listing service completely dominates the market. And the buyers are almost all represented by real estate agents who will not show your house unless they're going to get the customary commission of two and a half to 3%. And if they go to her house that's a for sale by owner that's offering two and a half to 3%, their view of it is they're going to do 6% commission worth of work meaning all the work of both the buyer and the seller agent and they're only getting half price so they're not happy with that either. So you know just for an example one person did an auction and got 375 everybody else used full full commission real estate agents and got 495 and 550 and 485 and 49 0. now I will say this at the closings sometimes fell through for the full service real estate agents because you're going with buyers who have to go out and get loans based on a drastically increased home price. So if you're trying to get a higher price for your home in an area that is not had a lot of recent sales at the new higher price levels you may find that your first buyer gets crucified by the lender who can't get an appraisal for anywhere near that high price so they can't approve the loan. But if you're going for that mystical all cash buyer which everybody claims to be now but you find out actually isn't an all cash buyer and they're all going to get loans anyway you know then well you take what you can get. So you really have to prepare yourself that once you get an offer that the closing might take two or three months and the buyer might either fail to get the loan or it might take two or three lenders tries to get the loan. But in any case you're probably looking at a two to three month closing. If you use a full service broker but you're going to get much much higher prices. That's what I've seen in my neighborhood.
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