Mentor Listing Realty Offers Tips on Selling a Home in a Down Market
Mentor Listing Realty, the largest discount real estate broker in Indiana, offers tips on being a savvy real estate consumer that can lower costs and reduce the impact of the soft market on a home sale.
Indianapolis, IN (PRWEB) October 28, 2008 -- There are things that home sellers can do to positively respond to the bad real estate market. By making the right moves, home owners can be survivors, not victims, of the real estate crisis.
Here are the best strategies when selling a home a in bad market:
| | - Forget about the price the home could have commanded last year. Price the home for current market conditions. When a home is properly priced, it will stand out among the many homes that are not.
- Price the home correctly from the first. The most important time to price a home appropriately is when it is initially listed for sale. Discounting a home price early might avoid even larger discounts after it has been on the market 90 days or more.
- Aggressively price shop for title insurance. Title insurance is one of the largest costs at closing, and a few minutes price shopping will save a seller hundreds, sometimes thousands, of dollars. See the Seller's Resources page at www.MentorListing.com for more tips on how to lower the costs for title insurance.
- Don't pay a full real estate commission. Despite the efforts of state and local REALTOR® associations, most areas are served by discount or "fee for services" brokers. Using one of these companies will cut the real estate commission cost in half. Mentor Listing Realty offers such services in Indiana and Illinois. See www.MentorListing.com for more information on how such programs work.
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Mentor Listing Realty is a licensed real estate brokerage offering flat fee MLS listing services in Indiana and Illinois.
"Our service lets property owners list their homes on the REALTOR® owned Multiple Listing Service (MLS) for a single, flat fee of $399," said Brian Waters, President of Mentor Listing Realty. "Traditional brokers charge up to 3½% of the selling price of the home for this service. On a $500,000 home, Mentor Listing Realty can save a homeowner over $15,000 when they sell their home."
With Mentor Listing Realty, the home seller only pays a commission to the broker representing the buyer. "Since the buyer's broker gets his or her normal commission, we have not seen any resistance in the market place to our concept," said Mr. Waters. "The time to sell our listings is virtually identical to the time to sell traditional, full commission, listings."
To receive further information, call Mentor Listing Realty at (866) 269-1006 or visit their web site at Mentor Listing Realty.
Contact:
Brian Waters
Mentor Listing Realty, Inc.
(866) 269-1006, extension 101
Fax: (219) 861-1049
Mentor Listing Realty, Inc.
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