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Updated about 1 year ago on . Most recent reply

User Stats

41
Posts
2
Votes
Brandon P.
  • Investor
  • Oakland, CA
2
Votes |
41
Posts

Should a newly licensed realtor sell their own house?

Brandon P.
  • Investor
  • Oakland, CA
Posted

Hello all. I like to invest in real estate, I have flipped a few properties, and I got a real estate license mainly to gain access to the mls. I renovated a house recently and I’m contemplating rather I should list it and sell it myself or hire a realtor at my office and just get a finders fee. I have no prior sales experience and I’m concerned that may stop me for selling for the most money if I list myself. Any opinions will be greatly appreciated. 

Most Popular Reply

User Stats

456
Posts
290
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Christian Ehlers
  • Real Estate Agent
  • NH & MA
290
Votes |
456
Posts
Christian Ehlers
  • Real Estate Agent
  • NH & MA
Replied

Depends on your skill set, how much time you have, and your goals.

In many cases it's more worth your time to go out and hunt for the next deal vs try to manage everything a good agent does from marketing a listing, following up with potential buyers that might just be looky-lou's, negotiating, and managing the inspections and appraisal process, and paperwork.

But if you want to grow this arm of your business this could be a good way to get started, or if you don't have many time constraints you may want to learn this so that you can better communicate with listing agents in the future. 

Another option if you want to learn is to co-list the home with an experienced agent in your office and let them earn half a commission on it, to walk you through everything you need to do, give you references for any services you need and so on. This could be the best of both worlds, there are plenty of options

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