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FutureStarrSell your Stuff or Sell real estate: Be determined to Sell…
Selling one's stuff on its own is not easy. Whether a house or car or any big kinds of stuff it needs media to connect to a buyer. Therefore, there is real estate, to help you sell and get buyers as a seller. It can be stressful and nerve-wracking when there's urgency and we were not able to sell the kinds of stuff we want to earn.
Assist-2-Sell is a real estate franchise that advertises discounted commission rates for home sellers.
While Assist-2-Sell once ranked as one of the real estate industry’s premier discount brands, it is suffered a steep decline over the past 15 years. As the Assist-2-Sell reviews, we will cover illustrate, most sellers will find a better value — and fewer risks — with other discount services.
For example, our friends at Clever Real Estate offer a 1% listing fee (or a flat $3,000 fee for homes under $350,000). Clever’s agent-matching process connects you with top full-service realtors in your area, ensuring you never compromise on agent quality or support.
Along with longtime competitor Help-U-Sell, Assist-2-Sell pioneered the discount real estate, brokerage model. These companies believed that if they advertised low fees, they would attract enough customers to turn a profit despite earning less money on each sale.
Assist-2-Sell currently has around 130 U.S. offices — 80% less than it had in 2007.
Unlike most discount brokerages, Assist-2-Sell is a franchise. Each office is independently owned and operated, so fees and service quality vary between locations.
That said, every Assist-2-Sell office operates on a similar business model. It advertises discounted realtor commission rates, then compensates for those low fees by requiring agents to juggle more customers than the average realtor.
This approach could translate into savings, but it also creates potential service quality tradeoffs that make Assist-2-Sell a riskier option than many of its competitors.
Put simply, it is not 1987 anymore.
You have lots of options to save on real estate commission today, and Assist-2-Sell’s model may not provide the best value or experience. Find out which companies offer the lowest realtor fees in 2021 (and which ones do it while still providing a stellar customer experience).
Assist-2-Sell encourages franchise operators to use a flat-fee pricing structure based on the home’s listing price.
However, Assist-2-Sell fees vary between locations. Many use the flat-rate model, but others charge percentage-based commission.
As a typical example, the Assist-2-Sell office in Sykesville, MD, charges a flat listing fee that starts at $2,995 for homes up to $300,000. Above $1 million, sellers pay a 1% commission rate instead of a flat fee.
Based on this example fee structure, here is how much you could save compared to selling with a traditional brokerage.
Craigslist has a massive following of bargain hunters who frequently view the classified site for a steal. And it is free to list your items. But sometimes it may take several days or weeks for your item to sell.
if you are concerned with safety (as you might be with Craigslist) or with packing your items (which might happen with Amazon), you can just sell your extra stuff to people you already know. You can list your stuff on Facebook for free and, hopefully, receive a response in just a couple of hours. Since your network includes people in your neck of the woods, the transaction can go down quickly. If you have something perfect for a specific group, you might post the item on a relevant group’s page.
Besides Facebook, you can also sell stuff on Instagram. Just snap a picture and add a brief description. You can even collect payment through PayPal, to sell our items to a wider customer base.
If social media is not looking promising, download several different apps where you can sell your used items to local buyers.
Go around your house and look for anything that you do not want anymore. If it is in good condition and you think it has value, add it to your list.
Collectibles, exercise equipment, furniture, electronics that are not too old yet, and luxury items are good places to start.
Now it is time to make sure there are buyers for the items you selected. Check Amazon, eBay, Etsy, and Craigslist for your items. If you see plenty of them, that is a good sign.
To make sure, make a note of all the listings you see on eBay or Craigslist. Then come back a few days later and see if the listings are still active. Great items sell quickly, and listings get closed. You will not have any trouble selling those items and can probably push your asking price a bit.
Need to find a way to earn money without leaving your house? Check out my free List of 30 Proven Business Ideas to find the perfect opportunity for your lifestyle.
We cover the different platforms for selling online later in this article (here). You need to think about reliability, relevance, customer experience, and costs when you chose which platform to sell your stuff on. You also need to think about the type of item you are selling, for example, handmade items will likely do better on Etsy than on Craigslist. Go ahead and pick the platforms that you want to add your product to.
On each platform, you will need to create accounts and build out your product listing. Get the best photos that you can and write a compelling description. This has a huge impact on how many buyers reach out to you.
Once you are ready, hit publish and launch your item.
Be sure to double-check the public page and make sure everything appears correctly. That way you can fix any mistakes quickly.
For hot items, you will start getting inquiries within a few hours. And the bulk of people will reach out in 24-48 hours. Make sure to respond to them as quickly as possible and close a deal.
If you are on a platform that does the selling for you (like Amazon), there’s nothing else you need to do. Simply sit back and wait.
Once you have agreed on a price, layout your requirements for the sale. This could include meeting location, payment method, shipping terms, etc. Assuming the buyer agrees to the terms, keep following up until everything has been completed.
If the deal falls apart at this stage, move on to other folks that reached out. It is best to keep them in a holding pattern until you’ve completed the transaction. Do not tell anyone that it’s been sold until the deal is 100% done. That will give you plenty of backup options in case it does not go through.
Here are five simple tricks to take your online selling game to the next level:
When people see your stuff on an online store, getting them to click on your listing is your first goal.
Having a professional-looking image and a good title is crucial. Your product description must shine, and your price must be right. I always look at other listings selling similar items. Then I try to beat everyone else by having a better photo, product description, and a competitive price.
Every item has a price band that the market expects. Phone apps are $1-5, Concept 2 rowing machines are $700-900, lamps are $20-1000 depending on the design. Look at a bunch of listings for the type of item that you plan to sell. That will tell you how much you can expect to make.
Remember, we all have an internal bias to overvalue what we own. We think it is more valuable than it is. So go in expecting that you are going to make less than you think. It takes time to develop an accurate gauge of the market for any item.
As soon as you get a response from someone, try to respond instantly. People almost always get less interested in a deal over time. Take advantage of their motivation by responding quickly and getting the deal done as quickly as possible.
You will likely get a few folks that try to negotiate hard. They will try to pressure you into a much lower price. They are looking for a great deal themselves. If you have done your research and know the pricing bands for your item, hold to your price. Only lower it if you do not get any legitimate interest.
Scams do happen when selling stuff online. If selling locally, demand cash. And if someone mails you a check or money order for a larger amount than requested, it is a scam. Return the check and refuse to mail your item until you get the correct amount.
You need to look at reliability, relevance, customer experience, and costs while deciding where to sell your stuff. Here are some of the best places where you can start selling:
You do not want to ignore the biggest online shopping website in the world. Amazon accounts for almost half of all retail sales online. For an extra fee, the folks at Amazon will also take care of delivery and customer care for you.
I love Amazon’s advertising platform. It is a world of its own and it is the single best way to get in front of a ton of buyers.
Check out this detailed guide to making money on Amazon for more information on how to make this powerhouse platform work for you.
Fees: Amazon will charge you $0.99 for every item sold in addition to a referral fee that varies between 8% to 20% of the price of the item.
Best for: Almost everything.
eBay is a marketplace where you can auction your stuff. I find eBay great because of the sheer diversity of things you can sell on it. It is perfect for obscure items that don’t tend to sell anywhere else.
Pro Tip: Do you have old action figures, Hot wheels cars, mugs…or ANYTHING that has an emotional value? If not, go to a garage sale, buy some of this stuff for a few dollars, and then list it for a higher price on eBay. I know people who have “flipped” items this way and made thousands of dollars. eBay is made for side hustles like these apart from selling sophisticated items.
Fees: You pay eBay 10% of the item’s price (including shipping but not taxes). If you list more than 50 items, you must pay a listing fee of $0.30 per listing. The fee is refunded if you sell the item.
Best for: Almost all kinds of new, old, and used items.
Etsy is the place to be if you sell handmade items. I used to think that Etsy was just arts and crafts type stuff. Then I started searching and found several great items that I purchased for my own office.
If you plan to make items regularly and want a reliable source of customers, go to Etsy.
Fees: Etsy will charge you $0.20 for listing an item for four months. It also takes 5% of the item’s price as a fee when you make a sale. In addition to this, Etsy’s payment platform also charges you a 3% + $0.25 fee for every transaction.
Best for Handmade items and home decor.
Bonanza is newer compared to eBay and Amazon and works similarly. Sometimes, I prefer Bonanza because it has a more loyal and completely different audience than the bigger shopping destinations.
Fees: Bonanza charges you 3.5% of your product price plus the shipping price above $10. I also love how Bonanza has an option where it handles the advertising of your product for a higher fee.
Best for Almost everything, but Bonanza says it specializes in unique and one-off items.
Where there are people, there is shopping. To sell something locally, I would start here. Most neighborhoods have a Facebook group. A quick post could sell your item within hours. Just make sure that the group allows it, some groups ban all promotional posts. Also, expect folks to haggle. I always get the most pushback on the price whenever I sell on Facebook.
Fees: Only your blood, sweat, and tears. But technically FREE! But keep in mind that you must do everything from getting in touch with buyers, packing, delivering, and getting paid.
Best for: Think big and wide. I have seen people sell everything from cars to plants on Facebook.
You may not have heard of this Japanese website. It has 126 million users, and 90% of internet users in Japan use it. I believe this is a wonderful place to sell your stuff if you want to break into the Japanese market.
Fees: Rakuten is a bit expensive. You must pay a monthly fee of $33 as a seller and a flat fee of $0.99 for every sale. In addition to it, you are also charged between 8% and 15% based on what you are selling.
Best for: Almost everything. Perfect for people who are sick of the competition on US websites.
Selling on your website means you are in complete control, but you are also fully responsible for everything. Not only do you need to do all the marketing to bring people to your online store, but you also must get your store built. Here is a handy guide on the best e-commerce tools.
If you want to go big and build a large business around selling your stuff, this is the way to go.
Cost: You need to design a website, set up a cart, payment gateway, and get the necessary security certificates. Plus, packaging and delivery.
5 Tricks to Save Cash on Realtor Commissions
Clever Real Estate is an online platform that connects home buyers and sellers with top-rated agents who provide full-service at a discount rate. Agents who partner with Clever agree to work under a 1% or $3000 flat-fee model, where Clever earns a portion of that commission for referring the client. They collect a referral fee after the house is sold and the agent is paid. They effectively act as negotiators in the real estate transaction, sticking up for consumers who are not aware that real estate commissions are negotiable.
Clever's goal is to find the best real estate agent for a particular buyer or seller. Once you submit your information, a licensed Clever Advisor will reach out via phone or email and ask your questions to connect you with the best agent for your needs. Clever will send text messages and emails to try to connect you with prospective agents, allowing home sellers and buyers to interview their agents and find the best match. There is no contract or agreement until the home buyer or seller has vetted the agent.
According to Clever's website:
"To be a Clever Partner Agent, realtors must meet the following minimum criteria:
Clever will remove agents from its network that do not provide excellent service, ensuring customers are happy.
Yes. All agents have signed contracts that they will provide the best service possible, and it's a breach of their contract not to provide the services laid out on Clever's website.
Yes. Clever Real Estate connects you with an agent and charges the agent for the referral. The agent will charge you $3000 or 1% of the home, but Clever's service (i.e., connecting you with top agents and negotiating them down to a reduced commission) is free.
No! You can interview as many agents as you would like through Clever.
Clever Real Estate has trained professionals to handle negotiations for you. If you negotiate yourself, you might end up getting reduced service or paying more.
There are many strategies for selling a house fast, but when you are short on time, one definite must is making your home’s interior appeal to as many buyers as possible.
When deciding how to list your home, there are two conventional sales options — selling for sale by owner (FSBO) or with a real estate agent — and a few alternatives.
One of the big benefits to selling on your own is that you save on the commission (you will save the 3 percent you’d pay your agent, but you’ll still have to pay 3 percent to the buyer’s agent). But if you want to sell fast on your own, you will have to be prepared to negotiate like a pro.
The upside to hiring a professional real estate agent is that they know what it takes to get a house sold quickly in your area. They will streamline things like contract prep work, negotiations, signing, and closing. Of course, you will have to pay them a 3 percent commission for their services.
Real estate can include property, land, buildings, air rights above the land, and underground rights below the land. The term refers to real, or physical, property. As a business term, real estate also refers to producing, buying, and selling property. It affects the U.S. economy because it is a critical driver of economic growth.
A real estate agent is a licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representatives in negotiations.
Real estate involves numerous facets because it does not simply exist.
In the United States, the traditional broker's fee is 5% to 6%. Otherwise, a buyer’s agent might steer clients toward other options.
The National Association of Home Builders (NAHB) provides monthly data on home sales and average prices.
Selling your home can be surprisingly time-consuming and emotionally challenging, especially if you have never done it before.
It is easy to get emotional about selling your home, especially your first one.
Although real estate agents command a hefty commission—usually 5% to 6% of the sale price of your home—it is probably not a great idea to try to sell your home on your own, especially if you haven’t done it before.1 It can be tempting, especially if you’ve seen all those “for sale by owner” signs on people’s front lawns or the internet. So, does it pay to hire an agent?
A good agent generally has your best interests at heart. They will help you set a fair and competitive selling price for your home, increasing your odds of a quick sale.
Your agent will also have more experience negotiating home sales, helping you get more money than you could on your own.
So, you have decided not to hire an agent. That’s fine because it’s not like it can’t be done. Some people sell their own homes successfully. Remember, though, you’ll need to do your research first—on recently sold properties in your area and properties currently on the market—to determine an attractive selling price. Keep in mind that most home prices have an agent’s commission factored in, so you may have to discount your price as a result.
Whether you’re working with an agent or going it alone, setting the right asking price is key. Buyers will do this for your home, too, so as a seller you should be one step ahead of them.
Any smart buyer will negotiate, and if you want to complete the sale, you may have to play ball. Most people want to list their homes at a price that will attract buyers while still leaving some breathing room for negotiations—the opposite of the underpricing strategy described above. This may work, allowing the buyer to feel like they are getting good value while allowing you to get the amount of money you need from the sale.
Believe it or not, there is a right time to sell during the year.
As so many buyers look for homes online these days, and so many of those homes have photos, you’ll be doing yourself a real disservice if you don’t have any visuals of your home.
Think you can get away with hiding major problems with your property. You have three options to deal with any issues. Either fix the problem ahead of time, price the property below market value to account for it or list the property at a normal price and offer the buyer a credit to fix the problem.
Don’t worry if you can’t afford to hire a professional. There are many things you can do on your own. Failing to do these things can reduce your sales price and may also prevent you from getting a sale at all. If you haven’t attended to minor issues, such as a broken doorknob or dripping faucet, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed either.
If you want to completely bypass the preparation it takes to sell your house in a hurry, consider these alternative strategies: