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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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