Preparing To Sell Your House: Tips To Sell Your House Without A Realtor

Preparing To Sell Your House: Tips To Sell Your House Without A Realtor

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Preparing To Sell Your House reveals valuable tricks to sell your house.If you want to sell your house without a realtor, this is the guide for you.When you sell your house it can be a confusing time. This guide will prepare you to sell your house.Discover the secrets to selling your home without a realtor.



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Staging and Open Houses – FSBO

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When selling your home yourself you need as many advantages as possible. Without a doubt you will be fighting an uphill battle in the advertising department as realtors typically have large budgets to spend on the advertising of homes. So it stands to reason that your home needs to stand out in other ways in order to garner the attention it needs to sell quickly and for the right price. Two ways this can be done is through the use of a professional stager and holding your own open houses. The latter may be time consuming but you need to get the word out about your home.

Home stagers are a new breed of home professionals. In recent years the practice has evolved out of the designer field and specializes in the preparation of a home for selling. This usually involves a large amount of shuffling of furniture and in some cases the outright replacement of items that will not benefit the show. Getting rid of mess and clutter is a big part of staging as is the strategic use of available space. Many homes are a bit too cluttered for a home showing and home stagers are experts at deciding what can stay and what needs to go to make the home more presentable. It is really amazing what a home can look like before and after a proper staging. Many people severely recognize their own homes!

Holding your own open houses can be a trying event. It can be gratifying to hear the positive remarks that people make about your home but conversely it can be heartbreaking to hear the negative comments as well. Remember you can not please everyone. Also, do not be afraid to invite realtors to your open house. Just because you are not using one to sell your home does not mean that you can not benefit from their clientele! In fact you may want to consider holding an open house explicitly for realtors. The more people that know about your sale the better. Another thing that any FSBO seller should seriously consider is a flat-fee MLS listing. Traditionally one major drawback to FSBO selling was the fact that FSBO homes did not have access to the Multiple Listing Service. As anyone in the business knows a MLS listing can make the difference between a sale and a missed opportunity.

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Source by Kevin Bilberry

How to Sell Your House “For Sale By Owner”: An Essential Guide to Selling Your Own Home ( Sell Your Own Home | Sell Your Own House )

How to Sell Your House

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The conundrum of choosing whether to sell your house on your own or involve a real estate agent is as follows: If you can sell your house without a real estate agent, you won’t have to pay the agent’s commissions; but if your prospective real estate agent is capable of selling your house at a higher price than you could have sold it on your own, then you may end up making more money from the sale even after paying out commissions for the real estate agent. So the question remains, how can I effectively sell my house on my own, negotiate a good price, and come out better than I would have had I used a real estate agent? If you decide to sell your home on your own, you will need to give careful thought before making several important decisions. You will need to take time to learn the science behind sales and marketing – what attracts buyers and what turns them off. You’ll need to know how to prepare your house for showing and how to negotiate a good price. The following chapters provide a step-by-step walkthrough of these processes as well as major decision factors involved in putting your home on the market “For Sale By Owner” (FSBO).



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Why Use a Realtor?

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I hear from a lot of people we work with that they initially did not want to deal with Realtors when purchasing a property because they can sometimes be pushy or just a pain to deal with. This can be true, as it would be with any position that is involved in sales transactions, but if you find the right Realtor to represent you, then they can be an indispensable consultant and guide through the purchase transaction.

For one, a good Realtor has the experience and understanding of the real estate market beyond what you can pick up in 1 month of looking alone. Personally, I would never buy in another city without employing a local Realtor. Sure I could save a little bit of money, but I could loose a whole lot more money by buying an over-priced house in the worst part of town. Every city and even every neighborhood has different advantages and disadvantages, and it is important to have a guide who can help you understand all these points.

A good Realtor has the knowledge and skills to guide a buyer into the right neighborhood. Taking into account price, location, and style, it is quite the balancing act to determine where someone will be happy living. Before becoming a Realtor, I only really knew the couple neighborhoods I had lived in. After driving around for thousands and thousands of hours and looking at all kinds of homes, you definitely get a sense of what is available in each neighborhood. This is the kind of experience that a Realtor can provide. In addition, Realtors have the hands-on, or maybe ears-on, knowledge of what are the most desirable areas and trends in the real estate market from being in the car for thousands and thousands of hours with clients and listening to what they are Looking for.

A good Realtor also has the professional experience to handle all the aspects of an offer, negotiating, and closing process. There's more to offers than just a piece of paper with some signatures. A Realtor has an understanding of what is a typical and atypical offer and hence, can guide you through what sales price, option period days, closing date, and the myriad of other options would be appropriate. And most importantly, a Realtor will negotiate on your behalf to get you the best deal. It is so much simpler to have someone with experience to do all this for you rather than guess if your requests are reasonable. And finally, a Realtor will guide you through the closing process with all kinds of help like referrals to good inspectors and lenders as well as making sure the process goes as smooth as possible without any worries from the Buyer.

Purchasing a home is most Americans' primary investment. When making any other investment, it makes sense to consult with an expert, so why go at it alone? Find a good Realtor who fits with your values ​​and has the right experience to help you.

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Source by Ki Gray

Despicable Me 2

Despicable Me 2

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Gru, his adorable girls, and the mischievous Minions are back with a cast of unforgettable new characters in the blockbuster sequel to the worldwide phenomenon. Just as Gru has given up being super-bad to be a super-dad, the Anti-Villain League recruits him to track down a new criminal mastermind and save the world. Partnered with secret agent Lucy Wilde, Gru, along with the wildly unpredictable Minions, must figure out how to keep his cover while also keeping up with his duties as a father. Assemble the Minions for laugh-out-loud comedy in “one of the funniest, most enjoyable movies ever!” (MovieGuide)Universal Despicable Me 2



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For Sale By Owner: How to Market Your Home

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FSBO (For Sale By Owner) is becoming a popular way of selling homes. Many people that choose this means to sell their home are wanting to avoid real estate commissions. Others have tried realtors and have decided that they can better sell their home or property.

If you have decided that you want to sell your home FSBO, you have to realize that you are going to have to market your home as a realtor would. This means that you have to use the same real estate marketing methods that a realtor would. This means that you will have to commit time and effort to the endeavor.

You’ve come to the conclusion that FSBO is the way to go. Your’re ready to put your home or property on the market ‘for sale by owner’. You’ve priced your home competitively and appropriately for your local market. How are you now going to market it so that you get the exposure to attract potential buyers and make the sale?

You will need to go through the same steps and marketing techiques that any real estate agent would use. Here’s the techniques I would recommend:

For Sale By Owner Signs

House signs are the first place to start. Signs can be made locally or often bought at hardware stores. I would spend the money to have your own personal sign made. It will pay off if done right.

While realtors place signs with the name of the agency and the phone number of the listing agent to contact. FSBO signs should read like the headline of a good advertisement. “Your Dream Home is Now For Sale” or “The View from Your Future Home is Spectacular”. You should catch the immediate attention of drivers-by and make them interested in seeing your home for themselves. This sign should play on the emotions of the potential buyer.

The phone number on the sign should be prominent and large enough for visitors to read from the road. It should be prefixed with a statement like: “For more information on this wonderful home, call 555-5555”. Set up a phone number that is separate from your normal phone number and specific for the purpose of selling your home.

Buy an answering machine that has caller id so that you can capture the name and phone number of potential buyers. The message should tell the caller to leave their contact information so that you can get back to them at the earliest possible moment with complete details on the property. If you have your home on the internet, you may also give them the URL while their awaiting your return call. This website can also be listed on your FSBO sign.

Classified Ads

A classified ad in your local newspaper for your FSBO property is a good investment. These are generally inexpensive and have a high return on investment for gaining leads to potential buyers. A short ad, also reading like a good headline, and run a number of times will serve you best. The same information that is on your house sign, phone number and website listing should accompany the ad.

Magazines and Community Publications

Many communities have ‘For Sale by Owner’ magazines which are placed in shopping malls, gas stations, and outside of grocery stores. These are similar to the homes magazines that real estate agencies advertise listings in.

These ‘For Sale by Owner’ publications will cost more than a classified ad but have the advantage of having photos of your home and a more detailed listing description. I would advise that your ad be different and unique from the normal listing if possible. Some publishers have set rules on what they allow.

Use these ads to emphasize the benefits of the home and not just the features of the house like the number of bedrooms and baths. Answer the question of what’s in it for the buyer. Give your special phone number so that you can collect contact information on the prospect.

Brochures

Brochures or one-page flyers are one of the best means the sale by owner has at their disposal to advertise their property. These can be put in a bruchure holder on your FSBO yard sign, on bulletin boards in local neighborhood shops and restaurants, and given to parties that espress an interest in buying your home.

Brochures are your ticket to market your home the way no real estate agent will. Don’t make your FSBO brochure look like the typical listing advertisements. Here again, think outside the box and make it more of a personal sales letter.

Emphasize the benefits of the home. The view, the convenience to shopping, schools, and workplace. Note the special features that place your home apart from others in the neighborhood. When describing the rooms, draw attention to the details like the solid oak floor or the woodwork. Write to the prospect like you are writing to a good friend.

Keep your brochure holder filled at all times. don’t get annoyed when nosey neighbors pick up your brochures. Mor often than not, your neighbors know friends that they wouldn’t mind living next door or close-by. And their friends will usually be able to afford a house in your neighborhood. Be sure to step out and tell them to pass the brochure on to someone they know.

Pass out the brochure freely to prospects that look at your house. This will insure that they will remember the home. After all, they are most likely looking at more than just your property. Color photos will aid in this.

And, don’t forget your co-workers. Give them your brochures too. After all, you find it convenient to live in your home and they know it. You work with them and you can afford to live there. Most likely, they have friends that would find a similar living arrangement pleasant. Ask them to pass on the brochure if they know someone looking for a great home.

The Internet

You can’t ignore the internet when you’re selling your own home FSBO. The internet has become an important search option for potential home buyers.

There are several internet websites that will allow you to post your FSBO listing. These will vary in price and options for your listing advertisement. Some will allow you to post photos and update information on your personal ‘open house’. You’ll find that prices range from $25 per month and up. Be sure to research your options carefully.

You can also put up your own listing website to refer prospects too. Just like with your brochure, make this website more of a personal sales letter and include a form to capture contact information for further follow-up.

Be sure to pay for your website to be hosted. For some reason, free websites don’t gain the attention from prospects that true websites do. Hosting can vary from $3.95/mo to $19.95/mo. You don’t need much from your website so go with the cheaper package as long as it will allow you to post a contact form on your site.

Open Houses

If the above suggestions don’t market your home quickly and produce a sale, you still have the option of hosting your own open house. In many localities, home sales by owner are boosted by having an open house. If you are in a hot or cold market location, this can be an excellent tool for selling your home.

Of course you will have to advertise that you’re having an open house. This can be accomplished using any of the above techniques. Some local newspapers have a special section in their classified ads just for open houses. Be sure to place a large sign on your lawn the day you are having your open house. This will give notice to others of the event as well as allow people to find your home easily.

The above suggestions should make it easier to sell your home quickly. It takes time and some money to market you ‘For Sale by Owner’ home. But you will save money on realtor commissions and have more control over your transaction. Be sure to check out the laws in your area and the forms you will need to close the deal.

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Source by Jim Bruce

For Sale By Owner in California

For Sale By Owner in California

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Sell your California home yourself and save big!

Using a broker to sell your home can cost you up to six percent of the selling price — in other words, if you sell your house for $400,000, you can spend up to $24,000. But you’ll save that money if you sell the house yourself, and it’s not hard to do!

Thoroughly revised and scrupulously researched, For Sale by Owner in California takes you step by step through the entire selling process, from putting your house on the market to transferring the title. Find out how to:

– select the best time to sell
– prepare your house for sale
– price and market your home
– coordinate the sale of one house with the purchase of another
– screen buyers for financial feasibility
– make required disclosures
– work with or without real estate agents
– attract potential buyers with creative financing
– handle multiple offers
– write and negotiate a contract
– complete the escrow process

This edition of For Sale by Owner in California reflects the most recent changes in the housing market and laws, and now includes additional discussion of the importance of pricing a house to sell and performing a thorough vetting of potential buyers financial cresources. It also provides all the forms and instructions you need, including:

– disclosure forms required by law
– offer and counteroffer
– sales contract
– contingency releases
– deeds
– second mortgage note
– and more

Not a resident of the Golden State? Check out the Nolo books Selling Your House in a Tough Market and Nolo’s Essential Guide to Buying Your First Home for real estate help in your state.



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The FSBO vs. Real Estate Agent Question

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Many homeowners are perplexed by the question of whether they should sell their home without an agent, known as a FSBO seller, or with an agent. In truth, this isn’t really the critical question it seems.

A FSBO seller is a person who is interested in moving their property themselves, to wit, without a real estate agent. “FSBO” stands for “for sale by owner.” Why would someone want to do this? Well, there are a couple of reasons. The primary one is they do not have to pay the 6 percent real estate agent commission. The saving, for example, on the sale of a $400,000 home would be $24,000, which is nothing to sneeze about.

The second reason many homeowners are considering selling FSBO is the internet. Simply put, the web has revolutionized the world of real estate. Over 70 percent of homebuyers develop their initial list of homes to look at from websites, not MLS. In truth, many of these websites include MLS, but you get the idea. You can pay a small fee and get listed online in front of the buyers in your area. Given this, why would you need to retain a real estate agent, much less pay their fees?

As always, there are two sides of the story. There are definite benefits to having a real estate agent. First, they know the market which can help you avoid snafus. Second, they handle a lot of the grunt work such as hanging signs and such. Third, they networks with other agents, which might produce a lead for your home. Fourth, they tend to have more experience than the homeowner.

Given the benefits of both FSBO selling and an agent, which one do you choose? Well, this really isn’t the correct question. You do not have to choose one and forever forgo the other. This is not like getting married where you can only have one spouse for the rest of your life.

If you are at all interested in the FSBO approach, you should try it first. If you sell your home, great! You just saved tens of thousands of dollars in commissions. If you don’t move it in a reasonable amount of time or are overwhelmed with the process, no problem. You can just go out and find an agent.

By taking this approach, you can see how the decision to go FSBO or agent is not nearly as critical as it seems. Now, get out there and sell.

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Source by Raynor James

The Real Estate Agent’s Guide to FSBOs: Make Big Money Prospecting For Sale By Owner Properties

The Real Estate Agent's Guide to FSBOs: Make Big Money Prospecting For Sale By Owner Properties

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According to the National Association of Realtors, 86% of new real estate agents don’t make it past their first year. The majority give up due to frustration and the overwhelming start-up costs involved in the industry. But there is an untapped resource that will help agents take their careers to new heights-the For-Sale-By-Owner (FSBO) listing. Many homeowners try to sell their home, without an agent, believing that they can find a buyer just as quickly and avoid paying a commission. But often, nothing can be further from the truth. Author John Maloof has built a stellar career by farming FSBOs. He made six figures his first year as a real estate agent using his prospecting plan. Now, in The Real Estate Agent’s Guide to FSBOs, he shows other agents how they can do the same. Using these proven techniques, agents will learn how to: • find FSBOs • approach a prospect • make a listing presentation that will convince even the most reluctant homeowner • handle rejections • formulate a marketing plan • service listings • build a referral base • stage open houses • close the sale Complete with Internet resources and a sample resume and log sheet, this is the one book that will show new agents and experienced Realtors alike how to make more money than they ever thought possible.ISBN13: 9780814400432
Notes: 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!



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Now Sell Your House As A Short Sale With No Tax Consequences

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If you owe more for your house than what it is worth you only have a few home selling options, one of which is losing your home to foreclosure. To avoid a foreclosure you can sell your house as a short sale. A short sale is selling your home at a price that is less than what you owe the bank. Thus the funds at the closing table are short of your payoff.

Usually only experienced real estate investors and a very small number of real estate agents know how to complete a successful short sale. The key is to find a buyer for your home or a real estate investor. The buyer or real estate investor will negotiate with the bank to accept less than what you owe them. Some banks will accept a short sale because they do not have to foreclosure on the property, so saving them money.

Before the new Debt Relief Act of 2007 was signed into law home owners who accepted a short sale were taxed on the difference of what they owed the bank and what the bank accepted.

For example if you sold your house for $ 100,000 and you owed the bank $ 150,000. The bank would be accepting $ 50,000 less than what you owned them. In return the bank sends the IRS a 1099 form for the $ 50,000. The next year the IRS would expect you to pay regular income tax on the $ 50,000. This would amount to a tax of $ 14,000 for the typical American family.

The new Debt Relief Act of 2007, signed by George W Bush will allow people to sell their house as a short sale and not be taxed on the short amount. This is an intimate benefit to home owners who are over leveraged on their home. You now can accept a short sale and not be taxed on the short amount

If you are 100 percent funded on your home and can not afford your mortgage payment I suggest contacting a local real estate investor. Local real estate investors will buy your house as a short sale, handle all of the paperwork, and negotiate the sale with your lender. With success your will have your house sold and have to pay no tax on the sale.

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Source by Shaun Greer