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Buying or Selling a Home/obtaining brokers license before selling/buying
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Question
Hi - We are considering downsizing in the same N.C. city and I am considering obtaining a broker's license, definitely to act as my own buyer's agent, possibly in order to list my house but may find that too daunting. Any thoughts on whether obtaining my license in order to benefit from the commissions would or would not be a good idea? Thanks!
Dear Mike;
Obtaining a broker's license is not a small task these days. If you have the time and energy to spend on this though, it will save you the commissions and would be worth it. However, I must caution you that the work involved in buying and selling is quite a bit and can be emotionally draining. I personally have never sold my own residence because I feel that there is too much personal involvement to do a fair job. Even selling for friends or relatives is tough! However, there are many people out there doing the work themselves and having success with it. You know yourself best and whether you can handle the stress of selling your own home. If I were you I would weigh the costs to get a license, fees to pay after the license is obtained, and time involved against the cost of paying out commissions (that can be negotiated).
By the way...I am also in NC. It is a terrific state in which to buy and sell real estate!
Good luck,
Jessica Bryan
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Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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