2007-03-17 04:11:21 · 9 answers · asked by KerBaer 1 in Business & Finance ➔ Renting & Real Estate
If you are not familiar with real estate transactions, then it is best to get a realtor. They not only know how to handle the transaction, they do another important step - they market your house - by placing it on the multiple listing service (MLS), place it on caravan for other realtors to see, hold open houses and bring prospective clients to see it. Also, many realtors representing buyers are reluctant to deal with "for sale by owner" situations because they have to deal with people who don't know what they're doing and the transaction is a nuisance. Unless you have a hot market right now with tons of buyers running around, you should get someone to market your house.
2007-03-17 04:23:48 · answer #1 · answered by ? 7 · 1⤊ 0⤋
The paper work you might need would be the original deed, past heating bills for the year, any receipts for recent repairs and your survey. Have the name of a real estate attorney ready in case you have a deal.
The first thing..Make a list of your home's best features. Does your home include appliances.
Find out what houses sold that are comparable to your house,on the same block would be great. Asking price should be a little above that for negotiating room.
Put your own add in the paper, have an open house, and put a sign out front with balloons. Make sure that you are not the only one at the open house. If you don't get any bites, wait a week and try again. This is a tough market right now, banks are not that eager to give out loans unless the price of the home is good and the credit of the buyer is great.
2007-03-17 04:31:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Short answer: Go with a Realtor. There are a great many things that can pop up during the sale and closing of a home, and really, if you are a novice at this you should not try it yourself. It isn't that selling the home itself is difficult, it's that (A) You don't know if you are showing it to a qualified buyer. (B) In fact, you don't know to whom you are showing it, period! Someone calls up and wants to see it, but are they really interested in buying a home or are they just trying to gain access to homes? Are they serious about home buying? Many out there are not. They just like to look at other people's homes. (C) There are a lot of legalities in selling a home and those forms you buy at Home Depot or wherever are long, full of a lot of technical mumbo-jumbo (legalese) that neither you nor the potential buyer will understand. (D) A thousand other things/problems, etc., you can't imagine at this point. Really, you are inexperienced at home selling based on the above. Sure, you will have other people tell you they sold their own homes and everythign went like clockwork. In most cases, that doesn't happen and you can get into some very sticky wickets if you don't know what you're doing. Remember, others will only tell you of their success selling their homes, never their failures. Go with a Realtor and let them handle the thing.
2007-03-17 05:46:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The realtors earn their money by making sure you have all the required forms and disclosures. If you have no idea what you are doing, a realtor is the way to go. They get your house on the MLS and will deal with people who are qualified to purchase your home. If you are selling it yourself, you will need to find out if buyers are prequalified becasue you don't want to waste a lot of time with people who can't come up with the financing. In some states you can hire a title company or real estate attorney to do the closing.
2007-03-17 04:16:34 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Most title companies will supply everything you need, including a bland purchase agreements and seller's disclosure. Make sure when you're shopping around for a title company, you are comparing costs and services!
2007-03-17 04:40:00 · answer #5 · answered by KL 5 · 0⤊ 0⤋
Go get realtor if you don,t know what your doing they can get you th best deal okay good luck
2007-03-17 05:28:18 · answer #6 · answered by pattibcacl 6 · 0⤊ 0⤋
Put your sign up for sale by onwer, and find a loan company that will work w/your porscpected buyers. I know some who do just that. It isn't as hard as it seems.
2007-03-17 04:19:43 · answer #7 · answered by spiritwalker 6 · 0⤊ 0⤋
Home Depot and others have sale by owner packets, to include Signs, etc.
2007-03-17 04:20:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Go to: < sellbyownwer.com >
2007-03-17 04:16:25 · answer #9 · answered by Jorge T 3 · 0⤊ 0⤋