Can a For Sale By Owner (FSBO) Be Successful?

Kostenlose Immobilienbewertung

Attempting to sell your home today, on your own, is at best an uphill battle. Understanding the complexities of the market, home pricing, timing, marketing challenges, safety, legal issues and navigating the new TRID, all paint an interesting and challenging scenario for the "For Sale By Owner" (FSBO).

Selling your home on your own in today's marketplace is akin to winning a championship game without a coach. Can it be done? Possibly. Is it the best you can do? Not Likely.

People desiring to sell their homes on their own typically have their personal reasons for doing so. Usually, it is perceived that one will save money on the sale of their home. While this may appear to be sound thinking at the surface, there are many reasons why this is not necessarily true, especially today. Industry statistics show that a home owner will typically net a higher sale price when utilizing the services of a professional Realtor®.

Let's start with the TRID. This is an acronym for TILA-RESPA Integrated Disclosure rule. In a nutshell … it replaces the familiar HUD with a whole new level of complex rules and procedures that will affect your transaction. You and your buyer will come face-to-face to TRID at closing time. The scope of this new legislation is far beyond the scope of this article, but there are numerous web resources where one can become better educated as to it's procedures and requirements. Under more ideal circumstances, your Realtor®, Mortgage Loan Officer and the Closing Attorney navigate these waters for you.

How do FSBOs screen potential buyers? Typically they don't. Most are so anxious to sell that they open their doors to anyone. Most sellers, if they ask at all, do not understand the difference between loan pre-qualification and pre-approval. They have no idea if their "prospective buyer" is even able to secure a sufficient loan to buy their home. They possibly may not even be who they say they are. Frustrated, many will waste a great deal of time with "window-shoppers and tire-kickers."

Dealing with home inspections, effectively staging the home, preparing the all-important first impression via the presentation of the exterior of the home and landscaping, and knowing what to say to prospective buyers often are areas that cripple a sale. Furthermore, a seller's emotional involvement with the sale of their home often has detrimental disadvantages. The home seller usually has too much of an emotional bond to their home to remain objective in negotiations.

Most FSBOs do not understand market pricing and often have their home's price set higher than it should be. Sellers are frequently under the misconception that the selling price of their home is related to their financial needs or to how much they have invested in their property. Not so! They often will miss that precious four-week window when a home is first introduced to the market because of pricing error, poor staging and other issues. Establishing an accurate selling price for market entry is a skill that professionals well understand but novices lack.

Sellers must also be comfortable communicating directly with buyers, their agents, lawyers, home inspection companies, appraisers and loan companies. This area alone stifles most transactions. There are also numerous ways to make legal mistakes. Contracts have specific deadlines that must be managed effectively or sellers can be held in breach of contract. A Real Estate Contract To Buy is a legal document that contains deadlines, specific instructions, clauses and contingencies that are often difficult to understand for the untrained.

Since FSBOs are extremely vulnerable to so many areas that can halt a transaction, many sellers have the experience of seeing their sale disintegrate at or prior to closing because of failure to manage the legal details of the transaction. In fact, the National Association of Realtors® (NAR) has collected data that shows that less than 10% of all FSBO's actually sell their property that way. Less than 1% of all home sales are FSBOs.

Unless the homeowner is fully prepared for the reality of selling their home on their own, many may quickly realize the need for a trusted professional partner, a Realtor®, who will effectively market their home in a variety of mediums, providing maximum exposure, show it to prospective, well-qualified buyers, negotiate the purchase contract, suggest financing and closing attorneys, oversee the inspections, handle all necessary legal paperwork and monitor the closing. Your Listing Agent can take care of everything you need, from start to close and communicate with you throughout the process.

Is hiring a professional Realtor® to represent your best interests a good idea? You be the judge.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Daniel Sitter

For Sale by Owner Vs National Association Of Realtors

Kostenlose Immobilienbewertung

Potential and existing For Sale by Owners should take National Association of Realtors (NAR) ongoing rhetoric with a grain of salt. The NAR has a significant stake in how you choose to sell your property – did you know that there is approximately $ 60 BILLION in real estate commissions paid out annually (up 19 billion form 2000)? In a well planned and funded effort to justify their services and the astronomical commissions that they collect the NAR spends millions of dollars every year inundating the average homeowner with propaganda.

Realtors would have you believe that it is totally impossible to successfully market and sell your own home. The reason they propagate this fallacy is painfully obvious but it is shocking how convincing they can be and how frequently homeowners fall prey to their ploys.

Let's put some of the most common NAR rhetoric to sleep:

FSBOs do not sell for less

FSBOs do not take longer to sell

FSBOs do not unwittingly expose themselves to potential thieves, rapists or murderers

FSBOs can effectively market their own property

FSBOs can effectively sell their own property

FSBOs can save thousands of dollars in commissions

Truth be known, the National Association of Realtors does some things very well. First of all, they gather, compile and distribute very accurate data related to real estate that can prove very helpful when creating a For Sale by Owner marketing plan. This data is gleaned from hundreds of thousands of home sales so the data is very accurate. Most, if not all, of the data is readily available on the internet. This data includes, but is not limited to, average number of days on market (DOM), average and medium sale prices (compiled monthly and seasonally adjusted), unit sales by region and unit sales by "Metropolitan Areas".

The NAR also compiles statistics related to "Buyer" and "Seller" tendencies, these statistics are generated through surveys of both buyers and sellers. Some of the data speaks volumes, for instance over 70% of home buyers in 2006 used the internet to find the home they ultimately purchased, before they hired a real estate agent. Secondly 18% of home purchasers claimed that the first introduction to the home they purchased was a FOR SALE lawn sign. Do the math – that means over 88% of "BUYERS" found the property they ultimately purchased without the assistance of a real estate agent – yet 85% used an agent to facilitate the purchase – who says marketing doesn't work.

The second thing they do very well is market real estate; this is done through their proprietary data service – the Multiple Listing Service better known as the MLS. This real estate listing data, while proprietary, is not restricted to real estate agents, it is available to virtually anyone that has access to the internet. Realtor.com, the consumer facing website is a by-product of the MLS, this primary marketing tool for Realtors is also available to virtually anyone. For Sale by Owners can invest in Flat Fee MLS. The concept is simple – instead of the "Listing Agent" charging a commission based on the sale of your home, the homeowner agrees to pay a Flat Fee to a registered Realtor – this fee is typically in the $ 399 – $ 699 range depending on your geographical area and level of service. The agent simply agrees to list your property on the MLS. This exposes your property to all Real Estate agents through the MLS database and most potential buyers through Realtor.com (remember over 70% of buyers found the property on the internet BEFORE they hired an agent) which enjoys over 7 million monthly visitors that generate over 350 page views. BEWARE – not all Flat Fee MLS is created equal – make sure you know what you are buying and that there is some level of support.

One of the biggest problems that I have always had with Real Estate agents (outside of their high commission fees) is that they have a different mandate then the typical homeowner. A real estate agents mandate is to sell "a" home and get paid their commission. The homeowners mandate is to sell their home. How often do you think a prospective buyer calls in to set up a showing for a specific property (your property) and the agent says – "sure, we'll set up an appointment – but while were out looking at that property let's look at these "others" that I think you may be interested in. " Personally, I don't blame them, that is how they earn a living – I would do the same thing, it's called "hedging your bets". The inherent problem is that a real estate agent can be successful without the homeowner being successful. A great example of this is "Open Houses" in my opinion they are simply a lead generation platform for the listing agent. The "visitors" come to see your home, the agent takes their name and contacts them to sell them any house – they have simply used your property and time as a hook.

I always have to defend myself, and I want to be clear, I do not hate real estate agents. They definitely perform a service that some individuals are incapable of performing. I do however have a problem with the fees that they charge and their relentless attack on FSBO's. I have always felt that if someone has to take a run at the competition in an effort to justify themselves that it was a sign of weakness.

Bottom line, you can sell your own home and save thousands of dollars; do not be swayed by the NAR and its unsubstantiated claims. Do not believe something just because you saw it on television – it is a shameless effort to protect themselves, their association and a livelihood that is under significant pressure to justify it's fees. It's not a coincidence that the US Department of Justice is currently investigating the industry for anti trust violations. Change is coming – and it will shake the very foundation that this association was founded. The internet has changed the way people buy and sell real estate – it's time for Realtors to accept that fact and adjust accordingly or go the way of the Dodo bird.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Mark Camphaug

Using Social Media To Sell Your Property

Kostenlose Immobilienbewertung

I would assume that when you decided to become an FSBO and sell your property, you have done your homework and researched on how to be an FSBO. If you haven’t then I urge you to first research on what to expect when you sell your property as an FSBO. Now if you’re able to do your homework, you might have come across some articles that states that there are about 90 percent of for-sale-by-owner that fail to sell their property. However, you have to also understand that this number may not be accurate as the success of an FSBO would highly depend on how much effort you put in. It is not enough to have your property to have a for sale sign, you also have to make every effort to make sure that you will be able to put your property for sale in front of as many eyeballs as possible. More people who knows that you have a property for sale means the higher possibility of having a potential buyer of your property.

So how do you increase the visibility of your property for sale? Some would use traditional media to advertise their property for sale, although that may be one way to go it is going to be very expensive and a problem for FSBO. But do not fret there are other ways on how you can promote your property for sale. One of them is to use the services of a flat-fee mls provider, flat-fee mls is a process where you only pay a flat-fee to have your property be placed in hundreds of MLS listing sites among other services inclusive.

Another possible way to have your property for sale, promoted is to use the power of social media. It is free and it would not cost as much as traditional media if you choose to use social media paid advertising. You might be wondering on how do you start advertising your property for sale via social media. Here are some easy steps which you can follow.

  1. Choose Your Platform – you do not have to look far, everyone may have a social media account, this is where you should start, choose the platform where you are already in and have friend and or followers to which you can promote your property for sale. If you do not have an account in any of the social media platforms out there then it is time for you to have one. In this case choose a platform that you know that your friends are mostly using. Once you sign up start adding your friends and start posting your property for sale. And start the word of mouth about your property snowball.
  2. Post Your Property for Sale – nobody wants to have their property social media timeline to look like an advertising platform. Although we have suggested that you post your property for sale on your account, do not post the same thing everyday. It pays to also post something interesting to your friend even if such is unrelated. Make sure to also nurture your relationship with your friends using your timeline rather than having your timeline turn into a newspaper classified ads. In addition, make sure that you make your post public so that anyone can see it.
  3. Engage and Answer Queries – once you get queries on your post about your property for sale, make sure that you immediately answer their questions and do so professionally. Remember with social media, as long as your post is public, people can freely see your posts.

These three simple steps is a start for you to use social media to make sure as an FSBO that your property for sale can get much more exposure beyond the traditional media could do, not to mention that this could be done only for a fraction of a price if not free and with the aid of flat-fee mls listing, you will surely get that deal.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Vincent Tabor

For Sale by Owner is Not the Way to Go

Kostenlose Immobilienbewertung

If you have a home and you want to sell it, you may be thinking why do you have to use an estate agent to sell your property. Why can’t you just put up a for sale sign, then hey presto! Your house is gone. The technical term for a person that wants to sell there own home is FSBO, which stands for “for sale by owner”. You may have heard the success stories of people that have sold their homes, and now you are thinking about doing the same thing.

Before attempting to sell your own property ask your self if you wanted to invest some money would you ask for financial advise?

This question is relevant because most people see their home as their biggest asset.

There are a number of reasons way you should use a Realtor or estate agent to sell your home.

Contacting lenders

If you want to sell you home your self you will have to contact different lenders such as the bank and credit unions and mortgage companies. Instead of doing this the Realtor can do it. When you speak to a Realtor they will give you a better understanding as to how much you may need to take out as a loan. He will also find you the best company to finance your home.

Realtor flexibility

Using a Realtor will give you way more choices. If you have price that you have settled on for your home, a professional can use his contacts to find you the best opportunities. In a lot of cases there are a lot of unadvertised opportunities that are not advertised. It’s only your Realtor that can make them available to you.

These are just some of the reasons why it’s a good idea to use the help of a professional when selling your home. Instead of selling outright they may be able to get a swap done that is beneficial to both parties. In short the use of a professional is less stressful. If you have your own contacts you can still do it your self but that’s your choice.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Johnny Roe

Disadvantages of For Sale by Owner Transactions

Kostenlose Immobilienbewertung

A property owner may have a vast amount of information about his or her home’s specifications. However, knowing about one’s property and closing a deal are two completely different things. Many homeowners falsely believe that For Sale by Owner transactions are the best option. They may choose these kinds of transactions in order to maximize profits, to minimize expenses, or because they think it will be easier.

It is statistically proven that the vast majority of houses in Laval were sold with the assistance of a professional real estate broker generate more significant profits. These profits are usually more than sufficient to cover commissions and pocket additional money. The National Association of Realtors declared in their 2013 Profile that “For Sale by Owner (FSBO) transactions accounted for 9% of home sales. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales, a difference of $46,000 – or an addition $32,200 after agent commissions.”

For sale by owner

Disadvantages of For Sale by Owner Transactions

There are many disadvantages to not working with a professional real estate broker. Here are a few to consider.

Buyers working with brokers will sometimes avoid placing offers on For Sale by Owner homes, which narrows the pool of potential buyers.

Most For Sale by Owner success stories involve buyers and sellers that previously knew each other.

Homes for sale by owners stay on the market an average of eight weeks longer than those listed with a broker.

Dealing with unqualified buyers can tie up homes for weeks, which could cost you the attention of viable potential buyers.

Buyers don’t usually pay commissions for a broker’s service, advice and insurance protections. Many buyers hesitate to purchase without insurance protection unless they get a great deal. This contradicts the For Sale by Owner goal of profiting more by saving on commissions.

The Advantages of Employing a Broker

Brokers have access to market data, are aware of the latest transactions performed in the community, and they collaborate with homeowners eagerly seeking to sell comparable properties also on the market.

They can be sure to price your home accurately. Market analyses have repeatedly demonstrated that homes priced correctly when first listed not only sell faster but also secure higher profit than those that are not.

It is the broker’s duty to take care of your business even if you are not present. He or she can show your home when you’re not available, is always ready to answer phone calls from potential buyers and their agents, and can provide you with valuable feedback.

Brokers have the experience to objectively evaluate and assess the condition of your home. They may even propose means to improve and emphasize its worth, suggesting tasks such as minor renovations, cleaning and staging.

With For Sale by Owner transactions, the seller must be present for all showings, which can make prospective buyers uncomfortable. Working with a broker allows prospective buyers to relax and visualize themselves in the home without the pressure of the homeowner hovering over them.

Brokers have widespread marketing experience as well as associations with other brokers.

Being experienced negotiators, brokers can obtain the right price for your home.

They’ll guide you through all the paperwork, ensuring your compliance with regulations. They will also see to it that all timelines are prudently met, including home inspections, appraisals, surveys, lending deadlines, and closing.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Nizaar Gherfal

For Sale By Owner – Ask Your Loan Officer To Help

Kostenlose Immobilienbewertung

For Sale By Owner

So you want to sell your home. You don’t know what to do.

You search the internet. You ask friends and relatives advice on how to go about doing this. You have a series of questions.

  1. What price should I ask for the home?
  2. How and where should I advertise it?
  3. How much should I spend on advertising?
  4. How long should I leave it on the market before I lower the price or should I list it with a realtor?
  5. How do I negotiate with a buyer?
  6. Who writes the contract?
  7. Are the buyers even able to buy my home?

This is just a short list of the questions you may have. After some research you decide to try and sell it yourself. You become a ‘for sale by owner’ home. FSBO for short.

Did you think of asking your mortgage loan officer for help?

Mortgage loan officers are not realtors and more than likely will not be able to answer all your questions about selling your home but they sure can be a good ally. They are in the business of home mortgage financing. They know a whole host of service providers related to the real estate business. Their sphere of influence and knowledge includes realtors, buyers, sellers, real estate contracts, settlement companies, real estate attorneys, appraisers, home inspectors along with other service providers that you may need during the ‘for sale by owner’ real estate process.

If you are selling your home it is likely that you will need a mortgage for your new place. Give your mortgage loan officer a call to get pre-approved. When we meet for your pre-approval you can discuss the ways in which you may need help with selling your home.

The most important service they can provide to you is to do a pre-approval on any potential buyers of your home. This will insure the buyer can purchase your home. This step will save you a lot of time, money and potential heartache down the road.

Some mortgage loan officers can also provide you with marketing flyers FREE of charge. These flyers will be colorful, descriptive and professional. You provide them with great pictures of your home. They will include those pictures along with your contact information, monthly payment examples and the amounts needed for down payment and closing costs. If you need a value on your home they can refer you to home valuation websites. They can also refer you to a real estate appraiser who can give you an exact market value of your home for a fee. Most can show you how to obtain a real estate sales agreement and how to fill it out. They can also refer you to a real estate attorney to do the contract if that would make you feel more comfortable. You may want to have your home inspected to provide a potential buyer with a clean home inspection. They can refer you to a home inspector for that service.

Remember, when you are a ‘for sale by owner’ seller, use all the resources at your disposal. This includes your mortgage loan officer. They can be a great asset in your corner when selling your home on your own.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Gregory Zembower

Selling A House In Foreclosure

Kostenlose Immobilienbewertung

When most people are notified by their lender that their house will soon go into foreclosure, they think all is lost. While it’s a difficult time, the good news is you do still have options that will not hurt you as much financially, such as a short sale. This will allow you to sell your home prior to foreclosure, with the bank getting all the proceeds from the sale. While it may not equal the entire amount of what’s owed, it will generally be enough to satisfy the bank, since it doesn’t want to spend time trying to sell the property and possibly receiving less money in the process. But if you’ve decided it’s time to sell your house quickly, here are a few tips to keep in mind.

If you have a home going into foreclosure due to a divorce, illness, relocation, inheritance, or other life event, always be sure to get your lender’s permission before going ahead with a short sale. By discussing your situation with them ahead of time, you’ll be able to show you’re not being irresponsible in repaying the loan, but rather have had extenuating circumstances occur that led to the current situation.

In these situations, don’t go it alone. Instead, hire a real estate professional to assist you. By doing so, they can help set a reasonable price for the property, answer any questions you may have, and even act as a buffer between you and your lender if necessary. This will be especially important if the current housing market is weak, since it may take a bit more work to find a buyer.

Once you’ve got a buyer willing to pay your asking price, meet with your lender. Since you’ll already have a buyer ready to take the property, chances are the bank will accept the bid, so long as it’s reasonable. As added insurance, be sure to inform the lender that if they reject the bid, foreclosure is inevitable, since this will give them extra incentive to give you their approval.

When you decide it’s time to sell your house quickly due to such factors as divorce or illness, make sure you get a promise in writing from your lender that they will not pursue a deficiency judgement against you once your home is sold. This would be the difference between what the property sells for and the remaining balance on the mortgage, if any. By knowing no legal action will be taken against you, it will be much less stressful to sell your home during what is already a difficult time in your life.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Shaun Greer

Tips for Selling Your Home in a Down Market

Kostenlose Immobilienbewertung

If you are planning to sell your home, you may have realized that the process might not be easy as it would have been even a couple of years ago. The good news; however, is that there are some positive steps you can take to make your home stand out, even if the market is somewhat crowded.

A few years ago, back when the market was sizzling, homeowners mistakenly believed that putting a lot of money into their homes would pay off big time when it came time to sell. Unfortunately, they failed to realize that upgrading and remodeling are really only mediocre investments. In reality, very few projects actually pay for themselves, let alone bring in a profit.

So, what should you concentrate on when preparing your home for today's market?

First, before you take on any projects, make sure they are the right kinds of projects. The projects which should take priority are those which will actually protect your home from damage and deterioration. This includes replacing the roof and making plumbing and electrical upgrades. These types of projects won't do much to beautify your home, but they will go a long way toward preserving the home's value.

You should also make sure that your home has curb appeal. At a minimum, buyers today are looking for a good paint job. If the exterior of your home is already in good shape, you may be able to get by with just doing a little touch up work. The main idea is to make sure that your home stands out. A little paint does not cost a lot and in the end it can really go a long way toward making a difference when it comes time to sell.

When painting your home; however, it is important to keep a few guidelines mind. First, make sure you are using quality paint. Remember, this isn't just for show. Ideally, it is best to use two topcoats. This will provide protection against mildew, moisture and the effects of the sun. Second, work to make your home stand out but avoid colors that make your home stand out too much. Choose colors that have universal appeal.

Make sure your yard is tidy. Trim those shrubs and keep your lawn neatly trimmed; even if that means hiring a service to handle it while your home is on the market. The investment will be well worth it when your home sells. Avoid spending too much on sprucing up the landscaping; however. Ideally, you should spend no more than 2% of your home's value on the landscaping before you sell. Any more than that and you won't be able to get it back in the final sales price. Focus on spreading mulch around trees, trimming the shrubs and walkways and mowing the grass. If the season is right for it, add a few flowerpots around the patio and entry.

Spend a bit of time on your driveway. If it has not been resurfaced in awhile, now is the right time to take care of any cracks with some asphalt resealer. This is a good way to give your home the appeal buyers are looking for without spending a ton of money.

The basic rule of thumb when preparing your home for the market is to avoid doing too much overimprovement. Getting carried away will ultimately cost you. For example, contrary to popular belief, adding a pool to your home will do nothing to increase the final value. In fact, it will actually take away from the resale value as homes with pools cost more to insure and maintenance costs may turn away some would-be buyers.

Any home improvements you make should fit in with the neighborhood. Take a good look at the homes around your area. The key here is to make sure that you are keeping up with the neighbors, not trying to outdo them. If most homes in your local neighborhood have two bathrooms and you only have a bath and a half, it could be a good investment to upgrade to two bathrooms. Four would be pushing it.

If you're planning to re-decorate, avoid doing anything that is too trendy. While it might be in fashion today, tomorrow it will just be outdated. Along the same lines, avoid over-decorating. Go with neutral colors that will allow buyers to envision how they will add their own personal touches to the home after they purchase it.

Take the time to clean out clutter. Remember that too much clutter can make rooms appear smaller. Clean off tables and countertops and remove any extra furniture you do not need. If necessary, rent a space to store extra belongings until the home sells and you move.

Create an atmosphere that is homey and comfortable. Make sure the home is clean above all else but also take the time to set the stage. Set your table, put out fresh flowers, make sure the bathrooms have guest towels, etc.

Finally, make sure your home is priced to sell. Take the time necessary to be sure your home is priced just right and not over or under-priced. Homes that are priced too high as well as those priced too low, tend to sit on the market longer. The longer a home sits on the market, the harder it becomes to sell. So, start off on the right foot by pricing it right the first time.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Andrew Webber

Sell Home Quickly Without Real Estate Agent

Kostenlose Immobilienbewertung

When you need to sell a home quickly — and we mean quickly, as in days or weeks, not the months it can take today in many areas — consider selling it to property investors. These are the folks whom you see advertising in your town or city with an ad that goes something similar to: “We’ll, pay cash for your house immediately, no matter the condition.” This is a great way to get quick cash for a home.

Most people automatically think they must sign up with a real estate agent to sell their home. This whole process can take weeks, if not months. You must interview different agents, you need to get comparables (the prices of homes sold recently in your neighborhood so that you can get decide on a starting listing price for your home). Your agent probably will recommend that you fix up your property, inside and out and hold open houses. You’ll then more than likely wait (and wait and wait!) for an offer, then negotiate the sales price, complete the legal paperwork, and much more. And then, don’t forget, home sales often do end up falling through (your buyers couldn’t sell their house, they couldn’t get approved for a home loan, they change their mind right before closing escrow) and so you’ll have to go through the whole process again!

Selling your home to a property investor is a simple and easy way to get quick cash for a home. Property investors will offer to purchase your home fast, regardless of its condition (which can save you a ton right off the bat because you won’t have to spend money on new paint, carpeting, grass, etc.).

This can really be a great deal for both you and the property investment company. You get cash for your home in mere days and the company that gives you quick cash for a home buys the house at a discount.

The only possible downside to selling your home for cash to a property investor is that you might get less for your home than you would if you sold it the “traditional” way, with a real estate agent. However, considering the amount of money you’ll lose in Realtor commissions, the price you get with a quick cash for home buyer may not be that much different than the amount you’d receive after paying your agent his or her commission.

Obviously, the better shape your home is in, the more money a property investor will pay. In addition, depending on the reason you need to sell a home quickly — you’re in danger of going into foreclosure, or you need to move to another state fast in order to take advantage of a new job or job promotion — an investor has several purchasing plans to help you. The company can give you a lump sum, quick cash for home payment; it can take over your mortgage payments; it can give you an upfront payment and then pay you the remainder of any equity you may have in payments when it resells your home; among other plans.

You needn’t be “afraid” of selling your home without a real estate. Instead, doing so can be one of the smartest financial moves you could make if you need to sell a home quickly.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Mark Herrera

Pros and Cons of Selling Your Own Home

Kostenlose Immobilienbewertung

So, you want to sell your own home! Well, before making that final decision, you should consider reasons why you might want to change your mind.

Sure, everyone knows you can save that all-too-vilified 6% commission, but seriously, in the long run, if you don’t truly understand exactly what you’re doing, you probably end up saving nothing. Even worse, you spend more than you would have saved!

Selling a home isn’t easy. There are reasons why states regulate the industry along with the agents and brokers – it’s to protect the consumer from blatant fraud, stupidity, and ignorance on the part of the sellers. It’s difficult enough to do this with licensed agents and brokers, but it’s virtually impossible to monitor what’s happening when a consumer is dealing with a FSBO (a house that is For Sale by Owner).

Selling anything entails a marketing plan, a financial goal, and experience in the field. Whether you are selling car batteries, homemade brownies, or real estate, you need to completely understand who your target market is, where they are, and how to reach them. You must absolutely be able to establish a financial plan based on exactly what your house is worth, how quickly you need to sell, and what happens if you don’t.

Putting your own home on the market means more than putting that for sale sign on the front lawn and waiting for your phone to ring! Your chances of reaching a qualified buyer from drive-by traffic is almost nill. Without a comprehensive marketing plan and sales strategy already in place, you are doomed for failure.

Top Reasons to Use a Broker:

  • Houses are priced to include that 6% broker commission. Buyers looking at FSBOs are well aware you aren’t paying that commission so they automatically deduct that money from their offer! Right off the bat, you aren’t saving anything.

  • Do you know what your home is worth? Probably not! Checking Zillow.com is not the answer. Without access to a system that shows “comps”, and an understanding of how the prices of these comps were determined, there’s a good chance your home is not priced correctly. And by the time you figure this out, your perfect buyer bought another property down the street.

  • Experienced real estate agents have qualified buyers actually waiting to see your home! Do you?

  • Brokers have proven, established marketing plans for your home style and neighborhood – and they pay for all this advertising! (A good portion of that agency commission actually pays for this marketing.)

  • They will be able to advise you on any improvements that should be done to add value and let you know what repairs absolutely must be done in order to expect a close to full price offer. You might think you want to sell “as is” but that doesn’t mean the house will sell without lots of contingencies that include the repairs and upgrades the broker would have pointed out.

  • They are experts in negotiating the offers! If you have never negotiated anything other than getting a free oil change with a new car purchase, this is best left to an experienced broker. Many FSBOs unwittingly kill a deal because they don’t understand the nuances between a good offer and one that probably wouldn’t even get a bank approval.

  • Your home needs personal showings and exposure. An experienced agent will prepare the perfect open house for buyers, and one for other brokers. There is no way a FSBO can create this type of response.

  • FSBOs are notorious for having poor people skills. After all, you have people walking around your beloved home making comments that frequently aren’t too complimentary. (“Oh, wow, look at that ugly tub!” or “This has to be the dirtiest carpeting we’ve seen so far!”) Sure, these are certainly insults to say the least, but a qualified agent knows exactly how to turn these negative comments and perceptions into a more positive experience. Home owners aren’t usually the best choices to do private showings for this reason – they don’t handle rejection or negativity well, and certainly not without confrontation which will typically not end well.

In the end, let the professionals do their job. They have the training, the experience, and the tools necessary to make sure your home gets the best possible exposure in order to get the best possible price. Don’t make an expensive mistake you’ll never recover from!

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent


Source by Marie Duffoo

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close