Real Estate Bargains and
to Sell a Home Without a Realtor
Sale By Owner (FSBO) is
a buzz word in these tough times. It can be tough or easy,
fraught with hazards or quite easy. You can save many hundreds
or even thousands of dollars if you sell your home yourself.
Because of the Internet, an MLS (multiple Listing Service) may
not be needed. Anyone can have a website and post 3D virtual
tours of their homes for sale along with a description of its
features and size, etc. Who will respond -- potential buyer or
scam artist? This is what you have to watch out for and think
-- A realtor offers many services but their
fee or commission averages 10%. Does their effort at marketing
your home, networking, listing on MLM, and coordinating open
houses with other agents outweigh what you can do in the way of
selling your home?
-- Many buyers in the market look to the
Internet for their information. You can establish a site and
list yours, or on a service which lists for homeowners. Do you
know enough about the often complicated aspects of the realty
world to cover all your bases?
-- Learn first about home inspections, what has
to be revealed about the house to buyers, guarantees, escrow and
title insurance, if you want to sell your home without a
Realtor becoming involved.
-- There are FSBO document kits in most
office supply stores which will help. Some listing offices for
properties charge a small percentage, but on the other hand,
they don't do any marketing for your home other than having it
on their computer, and they don't do open houses, either.
-- Staging your home is probably not very
difficult because most of us have seen innumerable "how
to" and DIY shows on TV. If you price it aggressively and
market it, and the house is clean and tidy and attractive, then
look into a listing site for your home and do check it out. Make
sure of what they are offering for their fee and be certain you
know yourself what other things you will have to do or provide,
in the way of the many other aspects of either buying or selling
-- If you have recent copies of radon
reports, termite inspections, and any receipts for roof repairs
or new appliances, then have those handy. They could tip the
scales in your favor when selling your house without a Realtor.
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