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gemeneye25@prodigy.n... | How does an owner go about selling his or his own property without a Real Estate agent? What are the steps 2? |
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sadie_oyes
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http://www.owners.com/For_Sale_By_Owner/Sell_House.aspx?s=online&loc=HP |
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Louisa
|
1-get your house market ready, clean up, paint, whatever you need to do. spice up your curb, even if it just means keeping the grass mowed.
2-get signs, flyer holder, and a combination lock box for realtors at home depot, lowes, etc.
3-advertise in your local paper (if you have one), like local local, not city, and also find out if they offer free website listings. Make flyers for your flyer box. You can also buy a URL something like "chestnutstreethome.com" and make a simple website to market your home. Offer to show the home by appointment or place a key in the lock box (hide it somewhere on the outside of your home) if you feel comfortable having realtors show your home when you arent there. Some people are okey with this, some people are not. Do what you are comfortable with.
If you are a "people person" hold an open house. This you can advertise in your bigger city paper. Bring in the crowds.
And while you're waiting for the right buyer*** I suggest you get ahold of the sales contract for your state immediately and familiarize yourself with the ***disclosures***.
Sometimes a really good Buyer's Agent will bring you a ready, willing, and able buyer, and sit down and go over the contract with you point for point. If you fell like you need some extra help from someone in your corner, you can pay a realtor from your local brokerage of choice on a "fee for service" basis to review the contract with you. You can also hire a lawyer.
I cannot stress this enough- do not sign the anything whatsoever until you have a professional (such as a lawyer or realtor) review the paperwork with you. Even if you dont have a lawyer or realtor, I recommend holding on to the paperwork at least overnight to read it through on your own in peace and quiet.
Keep this in mind***Don't get discouraged, and don't listen to negative talk about FSBOs. Also, most national real estate markets are "slow" right now, so it may take a while for the right buyer to come along. But, you can do it, just protect yourself with knowledge and use the extra time you're getting from the slow market to really learn the paperwork.
One last thing, the best way for a FSBO to get qualified buyers is to work with a Buyer's Agent. And use your good common sense. If someone sounds like they're pulling your leg, tell them to have their realtor call you. Best of Luck:) |
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MIND THE GAP
 |
If you know how to sell your own property go ahead.
This is very risky as there a lot of legal requirements that you have to do or you will get sued for a lot of money. |
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divepassion
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Here is an over simplification. Research, condition, research, price, advertise, advertise, show, show, negotiate, ratify, inspect, negotiate, repair, search title, appraise, underwrite, approve settlement, transfer deed, receive proceeds. I left out a couple of dozen steps, but those are most of the basics. |
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godged
 |
Do what a Realtor would do.
Look at the property, know the pertinent information and obtain the needed disclosures.
Make flyers and advertise.
There are a ton on FSBO sites on the net, perhaps too many now for any of them to dominate. Some are free, and you get what you pay for. One free site that gets some results is Craigslist.
Know how to handle escrow deposits, process the contracts and how to close the transaction. |
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Alterfemego
 |
We all know you can save money by not listing your house with a Realtor right? Consider this, a FSBO sign in your front yard, invites buyers who are just as cheap, maybe worse. Paying for ad's in the newspaper - WASTE OF MONEY! Listing your house on craigslist.com or zillow.com or any other fsbo site might work. I've only had one inquiry, and they wanted my bank account number so they could wire transfer the money! Well I didn't fall off the turnip truck yesterday. But my point is this, if most folks use a Realtor to purchase, aren't most Realtors showing homes that are listed? With so few buyers these days, why would you give up ANY opportunity to have a pre-qualified buyer come thru your house?
Is is possible you would sell it on your own, sure but you would probably get low ball offers, you would have to qualify the people before you wrote a purchase agreement. You would have to schedule the closing. See all of the complex issues are handled by your listing agent. Don't leave money on the table, don't miss out on prequalified buyers. List with an Agent! |
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kate
 |
Called For Sale By Owner ,
Google for those listing sites or
Just put your own ad in the classified ,
They usually have a FSBO section .
> |
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Phil
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Check "forsalebyowner.com". Or, you can put a "For Sale" sign in front of your property and advertise in the Classified section of your local newspaper. You may have to expect longer time to sell because real estate agents work like a union. They don't want to bring their clients to see houses not being sold through the realtors.
Having said that, I bought my house directly from the seller without using a realtor. |
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stevemincer
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dude, just suck it up and hire a realtor. trying to sell your house now is hard enough, it's almost impossible to do it without having it on the mls. just grab a bunch of business cards from realtors and find one that will list your house for the lowest price. |
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jds792
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1) Advertise - signs, websites, newspaper
2) Figure out if you'll cooperate with Realtors (will you give them half the commission to bring a buyer?).
3) Find a lawyer to help you with the contracts and closing
4) Figure out how you're going to tell if a buyer is "real". I've been selling my own houses for years (probably at least 40 of them by now). I would say you should expect to sell your house about 3 times before one of those buyers turns out to be real and have the money. Lots of shoppers, very few buyers.
5) You will never succeed unless you live in suburbia. You basically will attract attention only by being parasitic to Realtors advertising in your area, not that there's anything wrong with that. In the country or the city it won't work. |
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