Wednesday, July 7, 2010

Should I sell my house for sale by owner??

There are 3 other houses for sale in the subdivision. We have only lived there 3 months but we are just unhappy and want to move back home. Should I sell it by owner or use a real estate agent. How is the process different??Should I sell my house for sale by owner??
The process is different because if you do FSBO, you do all the work. If you use a Realtor, they do all the work.





This is what I tell people that want to try FSBO. Don't buy one of those packages that give you some canned forms, signs, put it on some website and give you ';marketing tips'; - you don't need that. Buy some signs, make flyers, put it on free sites like craigslist, don't spend a bunch of money on this.





Safety first, have a by appoinment only policy and stick to it. Never show the house alone, always have a friend or family member with you. Pack away heirlooms and valuables, today's buyer could be tomorrow's thief. Have your house clean, depersonalized, and decluttered.





After you have tried this, a Realtor will be there to help when you get serious about selling.





If you bought 3 months ago, I hope you can sell it for what you need to get out of it. Could you rent it out instead?Should I sell my house for sale by owner??
Here are a few good reasons why you should hire a REALTOR庐:


Your REALTOR庐 can help you negotiate.


Your REALTOR庐 can guide you through the closing process and make sure everything flows together smoothly.


When selling your home, your REALTOR庐 can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.


Your REALTOR庐 markets your property to other real estate agents and the public.


Your REALTOR庐 will know when, where and how to advertise your property.
When you attempt to sell FSBO, you are basically on your own relative to contractual issues, advertising, and similar.





It's your call whether or not you feel up to handling such a sale.





Be advised that contractual language is not easy. If you sign inappropriate documents, you are bound to same.





As a real estate broker, I can only tell you about the numbers of folks who have signed silly contracts. Be very careful.
I am doing buy owner with no luck, and on top of that , if you decide to go with an agent later, they can't take you because buy owner is considered your listing agent, in todays market and the situation you are in, it's a waste of money, go with an agent, there are going to be forms needed that an agent will be needed to under stand the language.
Use a real estate agent. There are so many things that are involved in selling a house that real estate agents are trained to know....i think there are special fees and things involved with selling a house. If you are not familiar with selling houses i would definitely go with a real estate agent; just look around for a good one and good luck :)
The advantage of FSBO is you save RE commissions, which can be substantial.


The disadvantages are many if you have never sold on your own. If you can underprice the other houses, then you have a good shot. You will need a RE attorney if you have never done this. It's not difficult but this is an important transaction. Also, you will have to do the advertising and showings yourself. If you are willing to do that, then by all means try it for a few weeks and see what happens.


There are also some low cost ways to advertise. You can put it on Craigslist and you can try postlets.com. Also, put signs around the neighborhood with the address on them, especially on high traffic corners. There are also some brokers out there that will put it on the MLS for you for a low flat fee. It all depends how much work you are willing to do to save substantial $$ and how comfortable you are in handling the sale. In this market, you may want to find the best realtor you can, price it right, and sign a short term, 60-90 days max, listing contract.
If you know how much your house is worth and the rules and laws associated with selling your house, go for it.





The real estate agents handle everything. They will get everything done. Only...they have to get paid for everything.








If you have never sold a house before by yourself, I reccommend using a real estate agent. It's a lot less hassle. Good luck, and sorry you guys weren't happy there.
I wouldnt! My parents done it and some weird people would call and say theyd be back and never was! It was a hassle!
use a realtor--they can help you with the paper work and your house will have more exposure(they will put it in the mls)

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