I may not be using an agent. What are the steps in selling a house?
I know absolutely nothing about it.
2006-11-30 17:53:38 · 10 answers · asked by lucy02 6 in Business & Finance ➔ Renting & Real Estate
Don't even THINK about selling a house by yourself! There are so many legal catches and loops that only a fool would sell their own house without any knowledge!
You could get sued & screwed; the buyer could find technical fault and... the list goes on and on - don't do it!!!!
You've been warned... (don't learn the hard way)!
2006-11-30 17:58:23 · answer #1 · answered by love_2b_curious 6 · 1⤊ 0⤋
First thing is I would recommend using an agent. However, if you have chosen not to you should get a hold of an attorney to oversee the transaction. One document you need to make sure you have, beside the Purchase and Sale Agreement is the Seller's Disclosure. Until the Seller's Disclosure is filled out and signed by both parties, the buyer can back out with no penalty. Make sure to get an earnest money check (good faith deposit), the earnest money check should be held with a nutural third party. You should also discuss and have it writtten what will happen with the earnest money if the transaction falls apart. Hope this is helpful. This is based on Washington State law.
2006-11-30 18:06:14 · answer #2 · answered by Codynova 4 · 1⤊ 0⤋
I suggest you hire an agent to simply do the paperwork, say for $1000 if you can. They know what to do. If its just the paperwork its not to much work for an agent. I bet its the same price as a lawyer, and I bet the agent knows the ins and outs to get it closed also. Sometimes a little money is worth it to save the headaches.
2006-11-30 20:16:50 · answer #3 · answered by Michael 1 · 1⤊ 0⤋
You would be what the real estate industry call a FSBO (feez-bo), or For Sale By Owner. I suggest you find books about being a FSBO. But to be honest, if you've never done it before, I would suggest not doing it. Many of these responses are correct in saying that many issues can come up if you don't know what you're doing. Be careful not to get scammed by anyone!
2006-11-30 18:15:50 · answer #4 · answered by act1withme_2000 2 · 1⤊ 0⤋
First you write up a purchase agreement. You can buy these at an office supply store.
Hire a closing company to take care of all the paperwork. Worth every penny. There will be title seaches, legal work, tax prorations, etc. The closing company will take care of all of this for you.
2006-11-30 17:57:24 · answer #5 · answered by maamu 6 · 1⤊ 0⤋
I sold a house to a friend of mine. I told him he would be responsible for everything. He contacted a mortgage broker and was approved for the loan. The mortgage company took care of everything else. Make sure all the price and closing cost are settled before final contract goes to the attorney for the closing.
2006-11-30 17:58:16 · answer #6 · answered by eimmahs 5 · 1⤊ 0⤋
You'll hear from some people who said they did it without a hassle. You'll hear from people who had nightmares.
My recommendation is to use a realtor. The money they'll make from the sale is absolutely, positively worth it. It's more than just filling out some forms and getting some inspections. They can walk you through it, and save you stress and heartache.
2006-11-30 18:02:38 · answer #7 · answered by Anonymous · 1⤊ 0⤋
If you have someone wanting to buy your house in this date and time. SELL it. Its a buyers market right now not a sellers. Good Luck !
2006-11-30 17:57:17 · answer #8 · answered by dontknow86 6 · 1⤊ 0⤋
Find a real estate attourney. He can do all the required paperwork.
2006-11-30 17:55:40 · answer #9 · answered by Gary M 4 · 1⤊ 0⤋
it good to consult a lawyer. who will furnish all change over statement for documentation.
2006-11-30 17:56:01 · answer #10 · answered by philip d 2 · 1⤊ 0⤋