How do you sell a house when you’re 1,000 miles away? You get someone else to do it for you.
The hard part is finding someone trustworthy to do the job.
Like any good entrepreneur, I didn’t just want to outsource the selling part; I also outsourced finding a good realtor. Well, most of the finding.
Dave Ramsey has a program he calls Endorsed Local Providers. These are accountants, realtors, insurance, health insurance, and investment professionals that have met the insanely high standards Dave puts forth including:
- Willing to teach newbies (like me).
- A veteran in their profession
- Years of success in good and bad climates.
You can’t get much easier than picking a realtor through this site. When you get there, he lists all the options his ELP program delivers. Obviously, we’ll be picking Realtors.
After you click on Realtors, you’ve got a pick which kind of realtor you want. He offers commercial (business) and residential realty, so if you’re looking to buy or sell property for a business Dave’s got you covered here too.
For our purposes, I’m picking residential.
Next, you’ve got three choices: Buy, Sell, or Both. We’re only looking to sell Grandma’s house, so I’ll ignore the other two and pick sell.
After clicking sell, you’re sent to a form that asks for the lot of personal information:
Your name, address, phone number, email, etc. They also want to know the same information for the property that’s being sold.
Only give out information you want the realtors to see. A few people will be sent this information so consider that as you write everything down.
After you’ve finished, the site will give you a list of three realtors for your area that Dave recommends. You’ll get these after filling out the form both on the site and in an email. If the realtors are anything like the ones I was recommended, they’ll call you about 5 minutes after you hit send.
As I said, after hitting send, the site gave me three realtors to choose from. Each realtor came with a website, a phone number, an email, and how much they’d participated in Dave’s program. For those of you who haven’t experienced Dave Ramsey, he’s got a lot of things you can do: books, classes, online lessons, etc.
While skimming the various websites, I got a phone call from an unknown number. Not surprisingly, it was one of the realtors.
He told me about his experience in the area, what comparable houses are selling for, and chit chatted with me about various things in the realty world. It was a fun conversation.
While I was on the line, the other two realtors called.
I talked to all them and got their ideas on the property. They had the address and one even went out the next day to check out the house (a quick walk around) so she could give me a realistic offer. I was really impressed by that.
After talking to everyone, it quickly boiled down to two people: Brooke and Steve.
Both are killer realtors from what I’ve been able to find but they sell in different ways. Steven sells to buyers and investors, people who are looking for a deal and hoping the market will shoot back up in a few years.
Brook is a bit different; she’s looking to sell it to someone looking to make this house their home.
Steve’s way should get the house sold significantly faster, but would also cut about 10 grand off the sale price.
Brooke will take a bit longer, but thinks she can sell it at a higher price.
In the end, (after talking it over with my grandma) we decided to go with Brooke for a few reasons:
- The higher sale price will go a long way helping my grandma in the future. She doesn’t have many expenses, but having that extra cushion will be very helpful.
- We’re not in a huge hurry, and Brooke thinks she can get the home sold in about a month – a time table we’re happy with.
- Brooke drove out to the property and was patient as my hectic schedule meant I was pretty slow returning her calls and emails.
- She has a no-penalty contract. So even though we’re signing a 6-month contract, we can get out at any time if things suddenly go south.
- And while both realtors were helpful, I got a better vibe from Brooke. There wasn’t a bad vibe from Steve, but Brooke definitely had the upper hand as far as intuition is concerned.
Now that we’ve chosen Brooke, it’s just a matter of signing some papers, figuring out a price, and getting the place listed.
I’m pretty stoked about this part, since it’s where I’ll start to learn how this realty thing works a bit.
What confuses you most about buying or selling a home?