We are military in Texas and will be moving in June to Alabama. We have listed out property on MilitaryBy Owner website, but would like to find out any tips for selling quick. Our home is in very good condition, only 3yrs old.
2007-04-23 08:46:30 · 7 answers · asked by KM 3 in Business & Finance ➔ Renting & Real Estate
List your home in the newspaper as well as on the site you have it listed on. Also go and talk to local realtors in your area and let them know that you are willing to pay a 3% commision on your home if they come across a buyer who is interested in your home. This will get them excited about showing your home. This way you don't have to list it with any agency and you save the other 3% in cost that ussually comes with listing it. Just a few ideas hope this helps. Good Luck!!!!
2007-04-23 08:54:40 · answer #1 · answered by bcauble1 2 · 1⤊ 0⤋
I was in the military. We kept all the houses we purchased after consultating with a tax preparer one year. He showed us about the tax write off. Having some place for the family to stay while serving unaccompanied tours.
Getting a real estate property manager to manage the property while we were not in the area. When we moved to another area in the united States we purchased again and did the same thing. A property manager should run you around 10%. (tax deductable)
(Speak with your tax consultant about tax questions)
Once we retired we had a pretty good nest egg with the appreciation we had acccumulated in the properties and the good part about it all the properties were in a military area and stayed rented except a few months about every two years or so.
You can go to the housing office, place a 3X5 card on the housing bulletin board. You will find a renter in little or no time.
If you just want to sell it place it on the bulletin at the housing office, as well as your orderly room bulletin board. Advertise in the local paper.
Most importantly call several mortgage brokers in your are. Tell them you are in the process of selling your home and you need their help.
You need help to qualify any potential buyer that is not pre-approved for a loan. You also want them to hold or assist you with any legal documents and disclosures you will need for the sale as well as hold open houses to qualify these potential buyers.
Now that that is out of the way, look at your house as you drive up to it, from the way you look at it would you buy the house looking at it from the outside? Does it have eye appeal from looking at it?
Get yourself some holders to hold flyers, you may purchase them from Staples or Office Depot. Place them on the outside of your property so they are available to buyers that come by and no one is there.
On the flyers (In color) show the entrance as well as a few rooms in the house particlular any up grades.
Place an ad in the local newspaper, giving the asking price (Leave room for hagglers) # of bedrooms and baths, a telephone number where you can be reached and the days you are having open house. Place the street address also.
If you purchased your home under the GI bill you might add that the mortgage can be assumed by another veteran with GI bill benefits in your ad.
I hope this has been of some us to you, good luck.
"FIGHT ON"
2007-04-23 16:58:54 · answer #2 · answered by Skip 6 · 0⤊ 0⤋
You're going to need a contract for the buyer's to fill out with their offer. You don't want someone to say "We'll take it! Now what?" and not have an answer ready.
Other than that, selling "quick" is a matter of price and promotion. If you price it at half the market price, it won't matter if nobody knows about it. If you price it high, it won't matter if everyone knows about it. I don't know about Militaryby owner, sounds like a good idea, might work, but why stop there? In addition to that, I'd suggest you work on a one page flyer about your house, and give one to everyone within three blocks. It's possible that one of them is just looking for a house nearby for their parents, other relative, or friends.
2007-04-23 15:55:48 · answer #3 · answered by open4one 7 · 0⤊ 0⤋
My advice would be to list it. You can raise the price a little to cover the broker fees so that you still end up with the same amount you would if you sold it by yourself. Having a real estate agent behind you is going to highly increase your chances of selling. By the way, I'm not an realtor or anything affilliated with one, it's just my opinion.
2007-04-23 15:52:54 · answer #4 · answered by matttheking_2000 2 · 1⤊ 0⤋
Zillow.com is worth taking a look at. It has tips and products for selling houses on your own - or you can just post your home information and pictures (this wouldn't be the best marketing approach, but it can give you a good idea of prices in your area, and it is free).
2007-04-23 16:16:37 · answer #5 · answered by justwondering 6 · 1⤊ 0⤋
Unless you can afford two payments I would also consider a rent to own program such as a lease with an option to purchase or a lease with a right of first refusal.
2007-04-23 15:53:30 · answer #6 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
Go to your loacal real estate office and they can take care of all of that for you. That way it sells much quicker. Good Luck!
2007-04-23 15:54:52 · answer #7 · answered by Maribelle 1 · 0⤊ 0⤋