Sunday, August 22, 2010

Selling a home ';for sale by owner';.....?

What advice can you give me to sell a home myself without going through a realtor? I live in NC. Thanks.Selling a home ';for sale by owner';.....?
There are tons of websites. Just Google it.





Establish a relationship with an attorney. You do not want to make a legal misstep involving such a large transaction. Also, an attorney will review offers you get to ensure that the terms are both legal and in your best interests. If you do nothing else, please for your own protection, do this.





Additionally, you need to decide now how much commission you will pay to a buyer’s agent. If you say “nothing” you risk having an agent refuse to show your property to a client.





Know that you will be contacted regularly by agents, even those without interested clients. I bring this up because I’m married to an agent. He works in particular areas and tries to preview all homes for sale, even those that are unrepresented. He has encountered unrepresented sellers who have yelled at and/or hung up on him and slammed doors in his face all because he didn’t have a specific client for that property they day he called/knocked. What do you think an agent treated like that will do when next week a client interested in a house like yours walks in to his office? And absolutely be prepared to have strangers, both agents and potential buyers to knock on your door any day, all day. Any time you aren’t home, you miss the potential to sell your house.





Your home should always be ready to show. This means clean, and with next to no clutter. If you have lots of knick-knacks, now is the time to pack them. It’s also often advisable to remove personal photographs.





As for advertising, the best medium depends on your market. Where I live, most buyers start looking online. The newspaper has virtually died here as a means to sell a home. If you’re not in the MLS, there’s a good chance your listing won’t be on most websites. You can get in with a discount broker who may do little more than list your home in the MLS for a flat fee, but you should still consult an attorney to find out what minimum service requirements are for such a broker.Selling a home ';for sale by owner';.....?
The most important thing you have to do first is see what the homes were sold for in your area. Then you can deal with a mortgage broker to get possible buyers per qualified..
just something for you to think about USING A REALTOR WILL USUALY GET YOU 16% MORE MONEY and that is a lot less than it will cost you for their services..





but if you still insist on selling it yourself make sure you advertise it in the paper, on the internet, magizenes, ect. if you just put a sign in your yard you will be missing most of the buyers.





check and see what has sold around you that is similar to your home in the past 6 months and base your homes price on that price per square foot. also look at what is on the market at the price you select and ask yourself which one you would buy at that price. remember it is a buyers market
There are some very good books on selling your own home. Buy one or check you local library. Taking the time for a little learning will save you time and trouble.
Get a good contract, have a mortgage broker qualify anyone who makes offer prior to acceptance. Read the rules and regs on selling in your state. Spell out everything thoroghly, who pays what, time frame, etc.

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