they take too much and i can advertise myself.. what other steps do i need to do this? I do understand that me and buyer must agree on a title agency also..
2007-06-12 23:42:40 · 10 answers · asked by toolate 3 in Business & Finance ➔ Renting & Real Estate
Selling on your own isn't in your favor. The statistics show that 80% of for sell by owners (FSBO) end up selling with a Realtor later because of unsuccessful attempts to sell on their own. And also almost 75% of FSBO trasactions run into legal troubles that cost you lots of money and sometimes lost buyers. The headache of selling your own home is not worth the 6% you MIGHT save on it.
Having a knowlegable Realtor is the key. Usually a good one will not only get your home sold but will make sure the entire transaction runs smoothly. The worries associated with selling a home belong to the Realtor and they know how to deal with it.
I know this isn't exactly the answer you were looking for but believe me it is really the only way to fly. And I know from experience, I have been through both.
2007-06-13 11:13:54 · answer #1 · answered by The Drew 4 · 0⤊ 1⤋
To sell a property for top dollar you need exposure to all buyers, properly marketing your property, make sure it's all legal. (this does not include for sale yard sign and a couple of ads) Most likely a buyer for your property will have a Realtor/Real Estate Agent representing the buyers best interests (their money). Is a professional protecting your money? Remember it's your property and you will sell it on your terms, everything is negotiable. The best place to get this info is from a Realtor. You can call up any Realtor and just ask questions for free and ask them what they do to sell homes in your area. A good honest Realtor will answer your questions and point you in the right direction. This does not mean you are getting involved with a Realtor.
2016-05-19 00:29:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As the other poster said, do everything a Realtor would do.
Limited service agencies will put your home in the MLS, but you pay their fees whether the home sells or not.
Make flyers, put your home on websites, advertise in the paper, hang up signs where you can. Tell all your friends and family that if they know someone who is looking to buy, your house is for sale.
Depersonalize, declutter and put valuables in a safe place. Have your home market ready at all times. People will drive by, see your FSBO sign and knock on your door expecting to see the house. Hold open houses when you can.
Decide whether if you are willing to compensate a Realtor if they bring a buyer. Realtors will call asking you for a "one party listing" where if they bring you a buyer, you pay them a commission. If you won't, they won't show your house.
It isn't easy, but you can always hire a Realtor if the going gets tough. Good luck.
2007-06-13 06:10:56 · answer #3 · answered by godged 7 · 0⤊ 0⤋
You do exactly the same thing a real estate firm does. Prepare flyers, advertise the property in the newspaper, put a for sale sign in your front yard, and start holding open houses.
You can't get the property into the local MLS without a listing agent, but some will do it for a flat fee of about $500, with no other services attached. Then be prepared to have an attorney check any offer to purchase, to insure that you are not signing something which will later come to bite you HARD in the backside.
After all that work is done, expect most buyers to knock off the approximate 6% real estate fee from their offers. Why will they do this ? Because FSBO folks tend to draw people who KNOW that you're not paying a realtor, and they want to save that fee just as much as YOU do, and they KNOW you are not paying it.
Good Luck !
2007-06-12 23:50:07 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
No one seems to understand the true role of the Realtor. Advertising and placing it on a MLS is only part of what you get when you hire a Realtor. You get representation. In to days real estate market there are so many things that can go wrong, you need a knowledgeable person working for you to clear all of the hurtles. There are just so many things that happen in a real estate transaction that you do not realize, because the Realtor just does it behind the scenes.
Get a GOOD Realtor and it won't cost you a thing. You will actually have more money in your pocket than by doing it yourself.
2007-06-13 09:33:28 · answer #5 · answered by QuarterRoy 2 · 0⤊ 0⤋
If you want to try this, find some kind of discount service that puts the property in the MLS system, where the buyer agents can see it. The MLS system is overwhelmingly the most important marketing. Even if you want to do most of the selling yourself, there will still be buyer broker's bringing there clients, and they will see your property in the MLS. This will allow you to sell it yourself if you happen to get a buyer who does not already have a buyer agent, while at the same time you will have access to all the buyers who have a buyer's agent. You will cover all bases. This way you have a chance to save part of the selling side, and some chance on the buyer's side.
MOST IMPORTANT...you won't miss most opportunity.
Later if you want to switch to a traditional listing agent, you will not you gave it the best shot you could have.
John Herman
2007-06-13 11:24:22 · answer #6 · answered by John, a REAL Buyer Broker 2 · 0⤊ 0⤋
Risky not using a Realtor. It is true that you can do the simple marketing steps to get your house ready for sale, but there are many legal and time issues. Make sure you know all the legal terms of the contract and all of your obligations as the seller. Any mistakes during the process, and it will come out of your pocket. Also, make sure you know the market, how to price your house, and how to negotiate effectively so you don't lose the sale.
Good luck.
2007-06-13 01:25:37 · answer #7 · answered by Chief02 2 · 0⤊ 0⤋
where l live in Pa. there is a company called Buy Owner. don't know a thing about them. my thought on doing this yourself is you never know who is going to come see the house and what their motive is. I would rather have a realtor show it. to do it yourself you may also need a lawyer.
2007-06-12 23:49:19 · answer #8 · answered by edie 7 · 0⤊ 0⤋
It is a foolish person that sells their house without a realtor, unless you plan to use your lawyer, there are too many legal problems that can arise if the transaction goes awry.
2007-06-12 23:48:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Contact a lawyer, especially one that specializes in realty. They can help you through the process and you will need their services later.
2007-06-12 23:47:03 · answer #10 · answered by jingles 5 · 0⤊ 0⤋