A volatile housing market doesn’t necessarily mean that you have to pay a broker top dollar to find a buyer for your home. Realtor commissions are negotiable, so remember to go over the commission rate before you sign a listing agreement. Or you can decide to sell it yourself.

There is a growing trend of do-it-yourself sales. There are FSBO (for sale by owner) companies out there that show sellers how to move their property. There are also discount brokers, such as Help-U Sell, who work with sellers. But the newest thing that’s growing in popularity is selling it yourself on the Internet.

Craigslist, eBay, and Yahoo! are becoming fast growing forums for home listings. People are also creating their own blogs and web pages with digital photos to sell their home.

If you plan to sell your property on your own, it’s important to retain a good real estate attorney. An attorney can do the transaction, including the closing documents, for around $1,000–a small price to pay compared to the 6% realtor commission.

So, if you are trying to sell and want to keep as much profit as you can, consider advertising your property online or working through other discount methods.

This entry was posted on Thursday, May 17th, 2007 at 9:41 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.