Home Loan Focus

 Madison, Wisconsin is proving to be an area that is ripe for controversy in the real estate world.  Homeowners are selling their houses by themselves without a realtor and doing better than homeowners at cell with a realtor in Madison, Wisconsin.

These results run contrary to the results generated by the real estate industry, which is by far not an arbitrary or objective group to provide homebuyers and sellers information about the most cost-effective way to buy or sell a house.  Buyers and sellers of houses are more more getting annoyed at paying six to 7% to a realtor.  This is been exacerbated by the price of McMansions that oftentimes go for a half-million dollars or better depending on where you live and might go up to a $1.5 million before you break into mansion territory.

The averages are under $200,000 though.  And regular everyday homeowners are saving all those fees and they’re getting a better price on their house.  They are not selling their house as fast as a realtor does in the area, but they’re getting more money for the sales price and not paying commissions.

Now if you don’t have the time, or if you’re not capable of selling your own home in a realtor can provide you a good service.  Furthermore if you don’t need to squeeze out an extra five to 10 or $15,000, and a realtor might build a sell and move your house faster than if you try to do it by yourself.  But if you need that extra money, and you can spare a few extra weeks maybe a couple of months than selling your house without a realtor in Madison, Wisconsin might work out for you.

I’m going to be putting my house on the market soon and I’m definitely looking at both the for sale by owner scenarios as well as the discount realtor scenarios.  In the meantime you definitely should read this article for some more information on the trends in Madison, Wisconsin and where they are contradicted elsewhere.

Link to Home sellers get lucky in Madison, Wis. – Jun. 8, 2007

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