All Forum Posts by: Jacob Bindler

Dave, When is your tenant moving out? Ask him to show the place. Pay him or give him a break on rent. EVERYTHING else you can do remotely and pay nobody. I would promise 3% to the buying broker, but while making MLS listing make sure they do not syndicate to Zillow and Craigslist. Make your own posting to attract direct buyers and just see if you manage to have multiple offers to make them compete against each other.

If your tenant is not an option I would see if i could find someone to be ready to show the place. This is your only issue. I am pretty sure you can find someone. Not sure how in your area, but in NYC Task rabbit and Thumbtack are services you can use to find pretty much anybody to do anything. 

make sure everyone knows that you are interested in net money and people going through the brokers are in a disadvantage. The agents will convince the buyers to raise the price. 

At the end it is not about who pays commission, but how many people are willing to bid. you can even promise 4% commission. The agents will bring the buyers to bid against each other. 

I guess the site limits the length of the posts. sucks.

anyway i would make decision based on how may offers i got.:

no offers- there is nothing to talk about-  do more marketing and possible re price the place. 

one/two offers- probably will need to pay commission to them

multiple offers: estimate net money to you from each offer and run auction.

Here what i would do: Put it on flat rate MLS with 3% commission to the buyer's agent. while putting on MLS i would make sure NOT to allow them to syndicate to Zillow. I would do Zillow and crailist postings myself. I would make sure my name in the description of the property, not somewhere in the forms that Zillow force you yo go. The goal is to bring as many buyers as possible. it does not matter if they would come from a broker or directly. Then I would looked at all the offers net of comiission and

You should absolutely try. I would get a good attorney from the very beginning. He/she would help. If you do that you should really give it a good push: get professional photos done, place the property on Zillow, craigslist and MLS, promise high commission to the buy site agents (not binding unless you accept offers), get some virtual help. I bet it will take you about 20 min to find someone to show the house when you are not there. Do it the right way and you will sell not matter the market. what you do will be more than any agent will to begine with.

Agents do something. They provide services. IMHO the services are overpriced, but they do something. so, when you remove the agent from a equation you as a seller has to either do the work your self of firn other people  

You can not get inexpensive long term financing to the LLC because banks are selling the loans, so if your deal is just a regular deal, not a fantastic steal, you would be better of moving property to the LLC after closing or not doing it altogether .

At the end none of people here are able to cite any legal language expressly prohibiting what I am asking about. The argument is : "trust me". I am an engineer, so imagine if aircraft maintenance run on "trust me, I know, I have been doing it for a long time".  

I bet Michel here would not be able to cite appropriate language prohibiting a licensed broker/agent to conduct open house on behalf of an owner that does not have a listing agreement with anybody else. Can you? 

Russel, $500 seems like a reasonable number.  Not sure why it would be illegal. The seller and agent could sign a piece of paper hiring an one as a listing agent for 4 hour. I am sure an attorney would come up with a text in about 15 min. That is why we have lawyers, right? 

appreciated