Realtor VS Private Sale
The big question in today's hot housing market is should one sell privately and save on commission costs or utilize the services of a licensed Realtor and pay out thousands of dollars in commissions? There are many arguments for and against both sides, but let me share with you our experience.
We began searching for an acreage in April of this year, and we enlisted the help of Remax's Glenn Fisher team out of Morinville because they had previously assisted a realtive of ours, and they specialize in rural properties. Glenn and his team provided us many properties to choose from, but the right one had not come up yet. One evening, we spotted a "for sale by owner" acreage. We hesitated because it was a private sale, but the next evening we went to look at it, and it turned out to be everything we wanted so we told the owners we wanted to write up an offer but we wanted to let our realtor look it over, to make sure it was all in order. Are we ever glad we did, because the owner did not mention there was a third party on the title and that the acreage did not have subdivision approval, therefore it could not be sold until it had a title. These are two things that would not have occurred if they had listed through a realtor.
We were left in a difficult situation because we did not know how long it would take to get subdivision approval, and we needed to sell our home, but without a firm posssession date on the acreage how could we set our possession date? Glenn assisted us in properly writing up the offers on the acreage as well as our home so everyone's best interests were represented and nobody was left looking for temporary living arrangements.
In the end, Glenn's team sold our home in 72 hours for $15,000 OVER LIST PRICE, we honestly do not think we would have done as well selling privately and the peace of mind you get when someone else handles all of the viewings, advertising, questions and screening of offers is something that money can not buy. Many people only see the big commission cost at the end of the tunnel, but they do not see what happens behind the scenes.