ok, so my husband and i need at least $131,500 from the sale of our house to pay off the existing mortgage and pay off the home equity line. What i want to know is, if you do a for sale by owner is there any extra money we need to pay at the sale of our house except closing costs? we have alway used a real estate agent and know nothing about doing a for sale by owner but we can't afford a real estate agent, so i need help!!!! anyone who can give me advice please do! Probably the most we could ask for our house is $135,000 because that is the max it appraises for. HELP ME! (i hope this makes sense to someone, because i am not even sure it makes sense to me, lol)House for Sale by Owner Question?
Closing costs are negotiable and can be paid by the buyer, the seller or both.
I've sold several properties myself. The bank for the buyer will have all of their paperwork in order--you supply the house. Think about it. The people providing the purchase price are the ones who have to make sure everything is in order.
You may wish to visit the FSBO (for sale by owner) website for more tips. You don't need a real estate agent, but you DO need a form that can accept earnest money, the offer itself and any counter offer. Also, you must disclose any repairs that are required.House for Sale by Owner Question?
I don't know but I will be watching the answers because we cant afford an agent either LOL!
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