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Selling your property Yourself:

  • If you choose to sell your property by yourself, it can take time. You must arrange your own showings, schedule and conduct your own open house.
  • You pay for all of the marketing costs.
  • Since you don't have a real estate broker to represent you in the sale, you may need to hire an attorney at that point, which could take up some of the savings.
  • You don't pay an agent fee.

Hiring a selling real estate agent:

  • Your home gets high exposure to a wide market audience.
  • Home listed with Neo Realty, a real estate broker, typically sell more quickly.
  • Neo Realty will market your home and will also schedule and manage open houses and showings for you.
  • Your broker will advise you and represent your interest in the deal of selling, including offers, negotiations and closing, guiding you through the stack of paperwork.
  • You pay your agent a fee for the service of selling your property, typically a percentage of the selling price.

Renting your property:

If you prefer to rent your property, you can turn it over to a property management company, like Neo Realty, or be your own landlord. The services a managing company will perform depend on the management and your agreement with them. The following table details some of the rental issues you'll need to consider. As you review these, ask yourself how far away you're moving and whether or not you can handle these issues from your new home.

 

Rental Issues
You As Landlord
Hired Property Manager
Vacancy You interview candidates, show the property and choose tenants The realtor finds and selects the tenants
Cleaning You clean or arrange for a cleaning services The realtor arranges for the cleaning services
Late Rent You collect and pursue late rent The realtor collects rents and pursues late rent
Rental Income The rent you collect is all yours The realtor charges a small fee
Repairs You handle repairs and emergencies or find and hire a contractor to do the work The realtor handles the repairs and emergencies
 
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