2007-05-28 14:06:17 · 8 answers · asked by Gerardo T 1 in Business & Finance ➔ Renting & Real Estate
As others have suggested this require time, energy, money and research. So the answers here are just for starters, you still have a lot to work to do.
A few points: The problem with FSBO is that your house is not listed on the MLS. Depending on the State you live in, there may be some realtors willing to list your house for a flat fee. You will still have to pay the buyers agent their traditional fee (2.5 - 3%, but that still beats paying both agents the full commission. Web surf regarding flat fee listing services and see if they are applicable to your state. Having said that, there are some downsides:
1) Even though it's illegal, buying agents hate flat fee listings. If they figure out that your listing is via this route, they may not tell their clients about your house. Note that within the MLS system there is no way to tell if your house is listed as a flat fee arrangement with the listing agency. If a buying agent figures it out, word will spread.
2) There will be no 'For Sale' Realtor sign out front (although some flat fee realtors will provide you with a sign for a fee. You can't put your own For Sale sign out because that will confuse realtors and they will not bring clients to your house for fear the clients will drop them and go directly to you.
3) As mentioned before, listing for the flat fee halves the commission you pay, but that means you still pay a buyers agents a large amount of money, simply because they brought a buyer to the table.
As for going the full FSBO route - you will have to weather numerous b.s. bids from speculators/flippers who always assume that a FSBO is either desparate or stupid, or both. You will likely be harassed by agents looking to list your house for you. There are ways to limit this kind of crap but you can't eliminate it.
Part of marketing the house outside of a traditional agent will require you to send more on advertising that you might think. Buying a 4 line ad in the largest local paper will not get a big reaction except from speculators. But paying for a larger ad with a pic of the house and more details, and perhaps even creating a website so people can take a virtual tour will help you.
Also, you will have to organize your own open houses and advertise them aggressively to get people to come. You may want to think about having someone else show the house during an open house event, because buyers are not very comfortable wandering around a house with the owners hovering over them. Food for thought.
2007-05-28 14:40:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Put a sign in your yard and ads in the paper. Craig's list has free ads online, and utilize any free local online ads you can find.
Create flyers for perspective buyers that you can hand them when they view the house or at open houses.
Make sure you secure valuables in a safe, or put them in storage somewhere. Depersonalize your house so buyers can envision their decorations and furniture in the home. Clean, clean, clean and have your house market ready as much as possible. With FSBO, people will drive by and knock on the door wanting to see the house.
2007-05-28 14:13:59 · answer #2 · answered by godged 7 · 0⤊ 0⤋
Put a sign out front, maybe an ad in the newspaper, etc.
When you find a buyer, you really should still get a real estate attorney to help with paperwork. It will be a few hundred bucks well spent.
2007-05-28 14:14:24 · answer #3 · answered by Mike 6 · 0⤊ 0⤋
The same way you sell anything else. Put a For Sale sign on it, advertise it in any way you can, and prepare to negotiate with potential buyers.
2007-05-28 14:10:40 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
Well, you would place ads, put a for sale sign out front, tell your friends and family, and internet ads, but to have a Realtor help you is the best choice.
Realtor
2007-05-28 14:15:38 · answer #5 · answered by Denise T 1 · 0⤊ 0⤋
Put a sign in your front yard. Place an ad in th local newwpaper. Place an ad on the Internet.
2007-05-28 14:31:21 · answer #6 · answered by D S 4 · 0⤊ 0⤋
There are many outstanding books on this subject where you can shop online or your favorite bookstore.
Pricing and marketing are key components. Its not easy and plan on lots of work. If it works great and if if does not find a good broker/agent.
Many markets its a buyers market and plan to invest some time & $$$$$
Best to you.
2007-05-28 14:12:37 · answer #7 · answered by Jimmy 5 · 0⤊ 0⤋
Contracts are no longer filed. you may desire to hold coverage as landlord and pray they do no longer harm the placement then pass out before October. i'm hoping you probably did no longer make a extensive mistake doing this, yet i assume you comprehend the prospect you have taken.
2016-10-06 05:26:24 · answer #8 · answered by ? 4 · 0⤊ 0⤋