Which real estate company would you use to sell your house ?
I looked at Redfin. Looks like they charge 1.5% of agent commission but they have other fees like listing fees etc What’s the most cost effective and efficient real estate company would you use for selling your house or condo ? TC $400K
I don’t actually think listing agent has much of an impact so I’d focus on price as the differentiator. There are some listing services, like CapCenter, that advertise a reduced listing fee and it is standard for their transactions. You can also contact any real estate agent and negotiate a better rate. If you have an attractive listing, and if you plan to buy another house and would use them for that, many of them will be flexible.
Which State?
Most cost effective way is to sell your house yourself. You can use a service like Grapevine to list your house for sale on MLS for a low flat fee and then show your house yourself to potential buyers. If you house is worth 1 million $, this could save you 15k$.
Talk to a good agent if it’s your first time selling, most agents will absolutely make back their commission for you. Your listing will sell faster and closer to asking.
Agents will just convince you to lower your price to the point where your house sells fast, but you get less money. If you list yourself, do your research and list at a reasonable price and you will sell your home in comparable time. If your home doesn't sell in 2 months... just do what the agents will tell you to do and reduce your price a bit. They will try to convince you to do that after 1-2 months anyway. There ... I saved you 15k and you still got the same basic basic basic advice you would get from a agent who was trained in 3 months basic course. It's not rocket science.
Who takes care of title xfer and other legal formalities in this case where you have no agent?
Find the best fit for your needs... There's no point in paying a premium if you're willing and able to do a lot of work yourself... If you're unable/unwilling to do it because of time or knowledge then there's potentially some value of having a experienced agent work with you. But there's a shit ton of agents and hardly any homes. Invest the time to find an agent worthy of your business, they are out there...
Any recommended resources for ramping up on the knowledge required?
Which part is the transaction? Price, that's easy...find similar properties that have recently sold. More similar, more accurate the guess as to what someone could pay... Marketing, also easy. Just browse other listings pretending you're a buyer...figure out what you like don't like in a listing and go from there... Contracts, plenty of templates and training on YouTube but focus on understanding the sections. Learn how it's made up, makes it easier to review. Negotiating/dealing with people not something you can really crash course. Kind of one of those things you either got or don't... But never split the difference is a good start. HBR has some cool shit on it.... But it's really something you have to experience to get good at. Lot of understanding when someone is honest vs bluffing... Tons of resources though... Look up wholesaler scripts on YouTube to get an idea of how they operate and how they manage objections etc...so you can counter it. This all assuming you on the sale side of things...
Real estate agents are the same as any professional service. Good ones save you tons of money and bad ones cost you tons of money. Also, like most professional services, company doesn’t matter because there are good and bad in each.
Check out doorlight.com they have a good sellers program
Thanks. Doesn’t look like they operate in WA
If it’s your first time selling, I’d interview a few seller agents and negotiate down their commission.