I want to sell a house by owner, I dont want to pay comision to any broker , my question is where do I star?

Answer 1

First, go to the bookstore and find a good book on selling a house by owner. There are lots of them out there. Look for ones that talk you through getting the house ready for sale (cleaning, landscaping, preparing the house to be seen) as well as what to do for advertising (yard signs, classified ads, etc).

Also, make contact with a local mortgage broker, and whoever does real estate closings in your area (escrow services, lawyers, etc). They can give you information about forms that the buyers might need. So when a buyer walks in and wants to make an offer, you can sit down and negotiate an offer, and send them to your contacts to get the financing and escrow started quickly.

Good luck!

Answer 2

People sell their own houses ALL THE TIME. The thing that you will have to understand is that you are taking all the responsibility of the agent . So you will be expected to open your house up every time there is someone who wants to see it and that could be during the day when you are at work. It can be very inconvenient. As far as the legality part of it. I would talk to your local title company and they will tell you what you need to do.

Another option you might consider when I was in the business my broker offered a service where you sold your house and they helped with the paper work for a small fee $150.00, but really by the time you get to that point you really could just go through the title company and the bank and your back is pretty much covered in the deal. One more thing... If you work with a another agent representing a buyer be prepared to pay them 3%(national average) unless you can make the buyer pay their agent fee as part of the deal, which you can request.

PS to make sure that you are asking the right amount for your house. Go to www.realtor.com and look around for houses in your area for the same square footage and similar condition and see what they are going for. This will give you a quideline to know what to ask for. Agents do that all the time but they call it MLS. Good Luck!

Answer 3

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The ones with stars are the best the others will bring traffic and up your asking.. I wish you luck. Since your selling, it doesnt hurt to add some paint to the inside and outside, sand some floors, add some corkscrew bushes and landscape rubber. Pay a maid service to spitshine the house windows and all, kitchens and bathrooms. Clear any clutter, put fresh flowers in the bathrooms, master bedroom and kitchen. One more step is to punch a hole in the roof and call it a skylight, and concrete stain your driveway and walkway. In one bathroom buy a $300 jacuzzi tub and replace it (Master). Oh an add some of those inexpensive solar light that stick in the dirt and line the driveway and walkway. Some uplights to light the face of the home for the expensive lighting effects. NOW, your property is "Landscaped property, new paint inside and out, newly sanded floors, skylight, solar powered lit walkway and driveway, jacuzzi in master bath" We talking $2000-$3500 MAX. Make sure you bake something in the house 2hrs before and make the open house at dusk so that they can see the lighting effect or have the picture of the house at night too in a frame that all can see. Make it as large as you can (use a 10mega pixel camera) and blow it up and put it on the diningroom table to all to see next to that bowl or plate full of sweets. May take 2 weeks but I bet on the third you wont have a house...I call it lipstick and blush. (With more time, say 3 more weeks) you can change the flooring in the kitchen and maybe even the tile in the bathroom for $2000 more. So for $6000 you call an appraiser and make it smell and look like your having an open house and Im sure it will appraise $50-75K more then it would of. THEN you can still sell it for your price and it will fly off the market (Cause you will have a copies of the appraisal where all can see on a table or something) or you can have a bidding war and watch them get closer to the new appraisal price. Bottom line, I dont know what your financial situation is but I would put a lien on my car and/or house to get that money to do it. You will get it back at closing anyway =)

Answer 4

Well, cheapo, don't expect free advice from anyone if you aren't going to pay a real estate professional. I'm sure you won't know about disclosures and you'll also overprice your house and probably spin your wheels trying to sell yourself for 6 months and then end up hiring an agent anyway.

At the very least, you should agree to pay the agent who brings you a buyer if the buyer is working with an agent. It might be the only way to sell your house.

Answer 5

Your getting off on the wrong foot already, You don't even know where to start. Why do you think they go to school all those years, it's to be able to do a good job for you and, they're licensed and insured, bonded.

There are so many loop holes your opening yourself up to, thinking your going to make a few bucks, that you'll end up paying the rest of your life for, because your to cheap to hire it done correctly.

If you can find someone to make a deal with, your going to be lucky, I would touch your offer with a ten foot pole, knowing you don't know what your doing and , something isn't going to go right.

I suggest you hire an authorized Real Estate agent and pay the price unless you know more then your leading on to.

Answer 6

Getting the wrong agent can (sometimes) be worst than no agent.

Its however a real world out there.
So grow up, humble up and start interviewing for a good agent. Before you lose whats important to those that are important to YOU.

Answer 7

You may advertise on the some of the internet sites below.

Additionally, you may want to advertise in your local paper and go to your local home depot store to purchase a "For Sale By Owner" sign.

www.forsalebyowner.com

www.nationalforsalebyowner.com

www.nfsboa.com

www.homesbyowner.com

www.fsbo.net

Answer 8

90% of for sale by owners end up using a Realtor. Are you the part of the 10%?
Homes sold by Realtors usually sell for more than the cost of a good Realtor, netting you more money than doing it yourself.