How to Sell Your Home Without a Realtor

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To know just how to sell your home without a realtor you should have a look at some of the excellent websites that exist purely for this purpose. It is by no means as difficult as you would think and many people are pleasantly surprised. Sometimes you will be left wondering why realors command the high fees that they charge.

Admittedly there is a lot of legal jargon that you will need to know about. Much of this sounds a lot worse than it is and once you have found out what the long legal terms actually mean you will be on your way to knowing how to sell your home without a realtor.

Firstly you will need to make sure that your property is ready to be viewed and is looking its best. This includes clearing the front of the house as much as possible and giving it what the realtors call 'kerb appealing. This is basically creating a good first impression. The interior of the house must also be as clear of clutter as possible with the minimum of personal items lying around. Once your home is ready for the market you will have to set a price. This can be done by comparing prices of other properties in the area. Make sure that you look at the prices that they were sold for rather than advertised for as there may be a difference. Some people may have advertised at a high price but sold much lower. Advertising your property is one of the most important things to learn about if you want to know how to sell your home without a realtor. You will have to make people aware that it is for sale and you will need to reach as many people as possible.

There are many websites available which give advice on how to sell your home without a realtor and some of these will also help you to design and produce an internet advert. There are some sites that will publish adverts from independent vendors and these are a great asset to the private seller. Place your sales information in as many websites as possible. Also print some hard copies of your advertisement and hand these out door to door in the area. Many of your neighbors will have had friends visiting and you never know how many of these friends have considered moving to the area. Word of mouth is a great way of advertising. You should also post this in as many shop windows as possible and also get the local press to print your advert in the property pages. Try to arrange an open day at the house. These can be very successful as it allows people to view your property in a very relaxed and casual way and they will also be able to have a chat with you in an informal atmosphere. If possible you could invite some of the neighbors round so that potential buyers can get some local information from people who actually live in the area.

Once you have found a buyer and agreed a price, you would be wise to check with a specialist website so that you are sure you are following all the right steps when it comes to contracts and closing days. This is the final hurdle in finding out how to sell your home without a realtor and how to save yourself a lot of money!

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Source by Candis Reade

Homes For Sale By Owner – What Is Involved?

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Homes For Sale By Owners is the private way of selling your home without the need for a real estate agency. In places like Europe and through North America Homes For Sale By Owners accounts for up to 40% of real estate sales.

Homes For Sale By Owners is a similar concept to online selling agencies such as eBay and the Online Trading Post where both web sites allow people to sell their own goods online, often resulting in higher profits than utilizing the services of a third party agent.

The process of selling your own home online will save you costs which real estate agencies charge you. Costs can include contracts and marketing. Homes For Sale By Owners services assist home sellers with as little headache approach to selling their home online.

What's Involved

The crux of the work involved in selling your home will require to organize a Valuation, Legal Requirements, For Sale Boards, Photographer and posting your home on all major real estate sites and write the copy write for your house description. This can be proved through Homes For Sale By Owners websites.

Inspections

There are two options for Inspections; Open for Inspection or Private Appointments. This is completely up to the Vendor if they feel happy about hosting many people walking through their home at the one time. If you believe that everyone is a potential buyer this might be the right approach or arranging private appointees will ease the worries of keeping an eye on things. Homes For Sale By Owners services will give you the option where professionals can be hired to conduct the Open for Inspections.

Negotiating Price

Scared when it comes to negotiating your house price? Not what you were after? Homes For Sale By Owners web sites can provide these services for you. Alternately you need to be strong in this regard and inform your potential purchaser that the price is not negotiable and let them know that you have received other offers at the price you are after. It can surprise you how often people will bump their offers up.

Legal and Settlements

Once your house is sold you will need to settle! Settling is the process of handing over the right documents and receiving your monies. You will need agree with your purchaser on a settlement date. The average settlement option is 3 months. You will receive the deposit usually 10% at the signing or selling of your Home. This process will require a conveyancer or a legal representative.

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Source by Peter Butterss

For Sale By Owner Signs – Why They Are a Big Mistake

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Every year, thousands of homeowners opt to avoid real estate commissions by listing their homes themselves without a Realtor®. It makes a lot of sense, why pay 6% of the sales price if you do not have to (especially in a down market like today)? There is nothing wrong with this thought process or the decision to sell for sale by owner. However, the decision to go to a hardware store and buy a cheap white and red For Sale By Owner sign with a place to write in your number with a black marker, actually is a mistake that should be avoided.

Rather than use a For Sale By Owner sign, you should do one of two things. First you can design a custom sign that does not say For Sale By Owner and looks like a real estate company sign, but with your contact information. It does not have to say Realty, Properties, Real Estate or anything like that. It just should not say For Sale By Owner, By Owner, or anything of that nature. It needs to look like a real estate broker sign even if the subdivision name or something else is in the spot where you would normally have the real estate broker name. The second option is, if you are using a flat fee listing company to gain MLS entry, use that broker's sign with your contact information on it (as long as it does not have the same type of 'for sale by owner' logos or URL's the cheap signs from the hardware store have). You will benefit from the professional look with the Realtor® logos, while still getting all the drive-by phone calls that any For Sale By Owner using a cheap sign would receive.

Almost any sign company including several real estate sign companies on the Internet can assist you in designing and printing a For Sale sign. It may have a house on it, a snow scene if you live in the mountains or just be professional-looking with stylized fonts in 2 or more colors. You should place an Equal Housing Opportunity logo on it. Make sure it is the standard size metal sign that you see in your area, such as 2 'by 3', and if possible, have it installed on a wood post or H-frame. Many major cities have sign installation companies that install and remove posts and signs for real estate agents; again this adds to the professional look and feel of the sign.

When your sign ceases to look like a cheap For Sale By Owner sign, you will cease to receive as many agents hassling you about listing your property with them. They are more likely to think you are already listed by an agent since your sign looks like a professional sign. (It is an ethical violation to approach the seller unsolicited and attempt to get a seller to cancel their listing and switch listing agents). Unrepresented buyers are less likely to realize right away that there are no agents involved and ask for a discount based on avoiding commissions. You are also less likely to be approached by scammers who attempt to prey on unrepresented sellers with various schemes like kicking back illegal payments to shill 3rd party companies. Finally, the professional -looking sign will tell prospective buyers that you are serious about selling; you did not just throw a cheap sign up on an overpriced property to see if anyone would pay your above market price.

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Immobilienmakler Heidelberg

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Source by Donald Plunkett

Selling FSBO? Curb Appeal Will Sell It Faster

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You've decided to sell "FSBO", but have you done any home preparation before placing the ad. I am talking "curve appealing". If you can not get the buyer beyond the front yard, it is not going to sell as fast. To some people its' location, location, location. I say its' curve appeal.

Curb appeal is the difference in if it will sell in 3 weeks or 3 months. Usually, most owners can take a few weeks before putting up the ad and for sale sign, to get the curve appealing basics in place.

Curb appeal is like cash in the bank! It will not break you either and believe me it makes a difference. Recently, some buyer customers of mine bought in internet flyers for about 10 properties that were interested in. I made appointments with the sellers and on three of the properties, the buyers said they did not want to go inside after we arriced at the property. When I asked why, they said there was no curve attractive.

Here are some curve appeal basics:

1. Landscaping – This is usually just an investment in time and about $ 200 for beauty bark and flowers. Remove any dead plants, dig weeds, spread some beauty bark, and plant some inexpensive shrubery or flowers. Do not forget to mow the lawn on a regular basis and keep it green if it is the right time of year. Edging of the grass will make a difference when the buyers inspect a little closer. Zap the weeds in the cracks of the sidewalks and driveway. Some flower pots on the front porch will also give an added curve appealing benefit.

2. If feasible, give the home a fresh coat of paint. Do not forget to unclog the gutters as there is nothing worse than water overflowing from the gutters.

3. Make sure all outside lighting is in working order. Replace fixtures or bulbs as necessary. Keep the lighting on in the evenings, as you will get some drivebys.

4. Make sure all clutter is removed from the yard. Do not forget to educate your kids to keep their toys and bikes in the garage and not in the yard.

I once read in an article that the NAR (National Association of Realtors) reported that curb appealing was the main reason for 49% of the home sales.

Once you get your yard in order, step back in the street and give it a view. Also, approach it by auto and see how that looks. If everything looks in order, time to place that first ad and plant that sign.
Remember, curve attractive sells houses!

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Immobilienmakler Heidelberg

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Source by Tom Jacobson

Should you FSBO or Use A Realtor?

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When it comes time to sell your home, should you try to sell it on your own, or should you list it with a licensed Realtor? Consider the following factors to help you decide:

EXPOSURE

Realtors, or real estate agents, are part of an office of agents, and each of them knows of buyers that are currently in the market for a home. Their buyers are pre-qualified, that is, they have already seen a lender and have qualified for a loan so the buyer knows exactly how much they can afford, and the Realtor does too. In many areas, a realtor will not even show homes to a buyer until they pre-qualify. The process saves a lot of wasted time on everyone's part.

Contrast this with the prospect of you putting up a "For Sale" sign in your front yard, and having to deal with people that will be calling you to talk about your house and want to walk through it, even though they do not have the resources to actually buy it. In the end, they are just wasting your time.

Realtors also have contact with many people from out of town who are relocating to your area. Each realtor in town gets contacted frequently through their website, by people that are looking for a home by long-distance. They may be coming to town soon to look at available homes for a few days. The Realtor lines up a number of homes for them to tour that fit their criteria. One of them could be yours. But, if you FSBO, that potential buyer will not know your house is on the market until they get to town, if then.

EXPERIENCE

A real estate agent will be able to assist in setting the right price to list your home, according to the current market conditions.

A real estate agent is a trained professional who will spend the necessary amount of time it may take to get your home SOLD.

The agent understands and will take care of all the necessary paperwork to complete the buying process. The agent will also act as a liaison between you and the inspectors, the buyer's agent, and between attorneys, if they are involved.

Most buyers prefer to deal with a real estate agent because the agent will give them the unbiased professional opinion on a house, and how it stacks up against other houses on the market.

Agents understand all the different types of loans and financing options. They can provide information to buyers about local lending institutions to fit their needs.

ADVERTISING

Realtors have many ways to advertise your home, not just a newspaper ad and a "For Sale" sign in the yard. They also utilize the following ways to advertise a home:

The Multiple Listing Service

Open Houses

Web sites like Realtor.com and Yahoo Real Estate

Direct mail

Newspaper inserts

Regional Real Estate Magazines

Cable TV

Word of mouth through Realtor "Caravans" where 30 or more
Realtors will tour your home and then match it to their prospective buyers.

How much of this marketing muscle will you be able to flex if you FSBO?

SHOWING YOUR HOME

Agents have expertise to help you get your home in top shape before your prospective buyers arrive. They can help you "stage" your home to look more like a model home that would appeal to a larger group of buyers. They know how to emphasize and focus on your homes good points.

If you FSBO you will be learning the process as you go, a cost education when you are trying to sell your own home.

SUMMARY

With all the time, knowledge, effort, and paperwork it takes to sell a home, you should partner with a Realtor and save yourself the headaches and frustration. Hire a Professional!

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Immobilienmakler Heidelberg

Makler Heidelberg

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Source by Vicki Walker

Five Reasons To Use A Real Estate Agent When Selling Your Home

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Selling a home is a very involved process. There are rules, guidelines and loopholes that the typical homeowner does not know about. That's why there are so many real estate agents in the industry – to help you sell or buy your home. You might think you can sell your home yourself and save some money, but it's really more beneficial to your "bottom line" and your peace of mind if you hire a real estate agent. Here are five reasons you should hire an agent when selling your home.

Real estate agents have the experience and knowledge to get it done. They do this type of work every day and it's almost like second nature to them. They can even guide you through the entire process because it will still be up to you to make the decisions. They also know about the home, the current market and the price of the neighborhood because they receive inside information that homeowners are not typically privy to.

They provide an unemotional perspective. Homeowners who have lived in their homes for years often have an emotional attachment to the house. As a result, they may try to price it much higher than it's worth to make up for the sentimental value. But with a real estate agent, you can get an unbiased perspective and opinion about the actual market value of the house. This will help you sell it faster at a price that's fair for both the buyer and the seller.

Real estate agents protect you. It's the same concept with the legal system – people are not allowed to defend themselves because it would be too easy for the other attorney to take advantage of your lack of knowledge. With real estate agents, the potential buyer's representative may do something against or "lowball" you just because you do not know how to handle the situation. Get an agent for yourself to ensure that that you do not get lied to and the entire deal is done fairly.

Real estate agents can save you money. You may have to pay a commission and other fees when you hire a real estate agent, but studies show that sellers who use an agent typically get more money for the house than homeowners who do not use an agent. And even if you end up spending a few more dollars for an agent, the fact that they take care of the stack of paperwork is worth the price alone.

Agents make sure the deal is done legally. If you sell your home yourself, you might make a huge mistake that could end up costing you thousands of dollars. But if you hire a realtor, they are responsible for any problems that arise. That alone is worth the price that they charge because you can sleep comfortably at night when you buy your new home.

Hiring a real estate agent is the best way to sell your home. Even if you've been through the process before, rules and laws in the real estate industry are always changing. It's a realtor's job to keep up with these changes and they can provide you with the latest and most accurate information when they work for you. Do not make the costly mistake of doing a "For Sale by Owner." Hire a realtor and make the process stress-free for you.

Was ist meine Immobilie wert

Immobilienmakler Heidelberg

Makler Heidelberg

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Source by Jeff Lundquist

For Sale by Owner – Realtor Secrets 101 For FSBOs

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It's no secret that today's real estate market is tough. Worried sellers are trying to sell their homes themselves. Home property values ​​are down, and they unfortunately want to save the cost of a real estate commission, so they try to market their properties as FSBOs (for sale by owner sellers). Makes sense, right?

Yes, "if."

If you are accredited to taking responsibility for yourself, have some business sense, have bought and sold homes before, have some time and money to invest in the project, and know and can use the tools and techniques that good Realtors use, then the answer is an unqualified and resounding, "Yes!" You have the right mind set and the ability to actually earn the Realtor's commission. Either the whole commission, or just the part the selling agent would have gotten. Earn is the operative word here.

So how do good Realtors do it?

Good Realtors start with the basics and work through a systematic, well designed and thought out, integrated, multi-media marketing plan.

Property Condition

At the risk of alienating new listing clients, good Realtors tell it like it is when it comes to getting a home into shape to show well. If you plan to be a successful FSBO seller, you need to do this for yourself. Do one or more rooms need to be painted? Do carpets need to be shampooed? Are all door knobs and locks tight, and in good working order? Does it have a "curve appeal?" Is it clean, tidy, uncluttered? Are closets jam packed, or tidy? Have any burned out lights been replaced? If you are smart, you'll take care of these sorts of items before your property goes on the market, and keep them in good order.

Price

Realtors who continue to earn a living in down markets are very good at getting their listing clients set realistic asking prices for their properties. A Realtor friend of mine often asks her clients, "Do you want to list your property, or do you want to sell your property?" Price can make a huge difference in the income, and my friend knows that. A person can put property on the market at any price. It will not sell without the price is realistic.

Buyers are out there even in a slow market, but they are VERY price conscious. In areas where the market is weak, it's generally effective to be priced just under the list price of any comparable home that's for sale in your neighborhood and a bit lower than the recent "sold and settled" comparable properties in the neighborhood. Time and again, I've seen people make the mistake of coming in with a price above those things. The property lingers on the market. They lower the price again and again, but if they're just behind neighborhood prices and the market prices continue to go down, they "follow the market down" without making a sale even though they're lower than what would have sold a few weeks or months ago. Try not to let that happen to you.

Internet Marketing

Realtors put information about the homes that they hope to sell in their local, Realtor multiple listing service (MLS), and on the Internet. The best ones see to it that full information about price, number of bedrooms, number of baths, number of garage spaces, size and location of lot, plus interior and exterior photos, and what makes the property attractive appear on the Internet. You need to do the same. There are several really good online MLSs for FSBO sellers and buyers. Use one or more of these sites, and take advantage of all the bells and whistles (many photos, captions under the photos, a place for descriptive text, map to your property, hit counters, a unique web address for your property, etc. ) they offer. Today, approximately 70% of home buyers begin their search online.

This is just getting started. In "Realtor Secrets 201," we'll discuss the next steps.

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Immobilienmakler Heidelberg

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Source by Raynor James

Why Not FSBO? Sell ​​Your House With A Realtor And Save Money!

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FSBO is an acronym for "For Sale By Owner", which means selling your real estate property WITHOUT the benefit of a Real Estate Agent representing you and negotiating on your behalf.

Annual studies by the National Association of Realtors ® show that sellers receive 5% – 8% higher purchase prices when selling through a Realtor ® ! Why would a seller receive a HIGHER sales price when they pay a commission to a Realtor ® ?

FSBO sellers find it difficult to get qualified buyers because:

1. Buyers who respond to FSBO ads usually have not been qualified to buy (the qualified buyers retain real estate agents to help them find a house).

2. Real Estate agents do not show FSBO homes (they show homes listed by other agents).

3. Buyers who view FSBO homes are often bargain hunters – they know you are not paying a commission and so they expect you to lower your price.

4. Many buyers who buy FSBO homes are savvy investors who negotiate low prices.

FSBO sellers can not negotiate the best sales deal because:

1. Sellers are emotionally attached to their house and often think the value is higher than it really is.

2. Sellers are not familiar with the "big picture" of the real estate market and its values.

3. Sellers are not attune to buyers and do not know their wants or needs.

4. FSBO sellers must negotiate personally with the buyers, getting involved on an emotional level, rather than as a business transaction.

5. Sellers are inexperienced in mortgage lending procedures and solving complex requirements.

6. Sellers are not experienced with solving glitches, such as low appraisals.

7. Sellers who personally accept deposits may spend the funds (rather than securing with a neutral party).

8. FSBO sellers are at high risk of lawsuits – they are not familiar with legal forms, real estate laws, and requirements.

What does that mean for a seller? They should hire a Realtor® to sell it Right!

A Realtor ® is worth her commission – in marketing, negotiating, and closing on your behalf! Remember that old adage, "You get what you pay for." In this case, it pays to have a professional representative you. So if you think you can not afford to pay a commission – you can not afford NOT to! And in case you're wondering what a commission will cost you – there is no set price, they are negotiable.

Save time, save money, save effort. Do what you do best and allow your Realtor® to do what she does best – get you the highest price for your house with the best terms available to you!

Was ist meine Immobilie wert

Immobilienmakler Heidelberg

Makler Heidelberg

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Source by RP Brown

What to Do Before Foreclosing on Or Short Selling Your Underwater Mortgage

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If you have decided to foreclose on your underwater mortgage, congratulations! We know what a hard step this is to take, and we admire your courage in putting yourself and your family first.

With everyone from the government to pundits telling us we should hold ourselves to different, higher standards than the banks and lenders do, it can be really hard to see the trees for the forest, can not it?

But you've made the decision, and in at most a few years, you will not even have a concern about your underwater mortgage anymore. However, you need to do things correctly to prepare yourself for your foreclosure and for life after this mortgage.

First-before you miss a payment do a financial assessment. Are you going to need a new car in the next 5 years? If you buy it now, you'll save yourself a lot of money in higher interest payments later. Also, do what you need to do to make sure you'll be able to stay on time with all of your other bills after you stop paying your mortgage.

This will make it easier for you to get credit after your mortgage is foreclosed on, or you short sell your home.

Next, we'd like you to consider taking the lead in this process and doing everything you can to arrange a good short sale for yourself. Hire a sharp Realtor who knows the short-sale process inside and out to negotiate with your lender and to list your house for you.

Now, whatever you do, do not trust your lender's word ! Make sure you get the agreement to accept a short sale from your lender in writing . This is where your Realtor is really going to be helpful. Remember that these financial institutions are 'dealing with and we all know we can not trust a single one of them, especially the large national banks.

Regardless of what your lender says, have your Realtor research what your house is actually worth and then list it with them for the short sale. Your mortgage lender will just sell it for pennies on the dollar-if they do that, they may have an actual incentive to come after you later. By taking the reins in the short-sale process, you get to protect yourself. And whatever you do, do not let your lender pick the Realtor you use!

Do not fret over finding the right Realtor either. Feel free to contact us and we'll help you find an educated, certified short sale Realtor in your area.

In addition, short sales are not short. Given the housing market, putting your house up for short sale just gives you more time to live in your house without making payments so you can start planning for your future.

You may also want to apply for a mortgage modification, instead of listing your home as a short sale. Now, two out of the three available configurations will actually cost you more money in the long run, and one of them is only going to help you if you're not in an adjustable-rate mortgage (ARM). Oh-and less than 3% of families are approved for them. But when you apply for a modification, everything stops until you get an answer from the bank that you are either approved or not for your loan modification. This gives you even more time in your house, mortgage-payment free!

But here's the most important thing we can tell you about dealing with your underwater mortgage-remember that your family is more important than your house and all of your possessions combined. Do not let any mortgage lender, any government official, or any blow-hard pundit tell you otherwise!

With everyone from the government to pundits telling us we should hold ourselves to different, higher standards than the banks and lenders do, it can be really hard to see the trees for the forest, can not it?

But you've made the decision, and in at most a few years, you will not even have a concern about your underwater mortgage anymore. However, you need to do things correctly to prepare yourself for your foreclosure and for life after this mortgage.

First-before you miss a payment do a financial assessment. Are you going to need a new car in the next 5 years? If you buy it now, you'll save yourself a lot of money in higher interest payments later. Also, do what you need to do to make sure you'll be able to stay on time with all of your other bills after you stop paying your mortgage.

This will make it easier for you to get credit after your mortgage is foreclosed on, or you short sell your home.

Next, we'd like you to consider taking the lead in this process and doing everything you can to arrange a good short sale for yourself. Hire a sharp Realtor who knows the short-sale process inside and out to negotiate with your lender and to list your house for you.

Now, whatever you do, do not trust your lender's word ! Make sure you get the agreement to accept a short sale from your lender in writing . This is where your Realtor is really going to be helpful. Remember that these financial institutions are 'dealing with and we all know we can not trust a single one of them, especially the large national banks.

Regardless of what your lender says, have your Realtor research what your house is actually worth and then list it with them for the short sale. Your mortgage lender will just sell it for pennies on the dollar-if they do that, they may have an actual incentive to come after you later. By taking the reins in the short-sale process, you get to protect yourself. And whatever you do, do not let your lender pick the Realtor you use!

Do not fret over finding the right Realtor either. Feel free to contact us and we'll help you find an educated, certified short sale Realtor in your area.

In addition, short sales are not short. Given the housing market, putting your house up for short sale just gives you more time to live in your house without making payments so you can start planning for your future.

You may also want to apply for a mortgage modification, instead of listing your home as a short sale. Now, two out of the three available configurations will actually cost you more money in the long run, and one of them is only going to help you if you're not in an adjustable-rate mortgage (ARM). Oh-and less than 3% of families are approved for them. But when you apply for a modification, everything stops until you get an answer from the bank that you are either approved or not for your loan modification. This gives you even more time in your house, mortgage-payment free!

But here's the most important thing we can tell you about dealing with your underwater mortgage-remember that your family is more important than your house and all of your possessions combined. Do not let any mortgage lender, any government official, or any blow-hard pundit tell you otherwise!

Was ist meine Immobilie wert

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by William Bud Gragg Jr

What Are The Real Cost Of Selling A Home?

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Experts estimate that most people who use a Realtor will pay as much as 10% of your selling price in costs associated with selling. The cost of selling a home yourself can range from 4% to 8% of the selling price of your home. When you're estimating your expected gains, remember that the cost of selling a home can be deducted from that figure for tax purposes.

To give you an idea of ​​what the costs of selling a home in the current market are, take a look at the information below. We've included estimated costs based on a $ 250,000 home sale, as well as some tips for lowering or eliminating them to lower your overall cost of selling your home.

Sales commission

If you list your home with a Realtor, expect to pay 4 to 6% of the sales price, or $ 8,000 to $ 12,000 in real estate commission.

Tip: Shop around. Real estate commissions are not written in stone. A Realtor may be willing to accept less of a commission in a slow market, or you may be able to save money by contracting with a Realtor for specific services only rather than a contracted listing.

250,000

-12,000

238,000

Closing Costs

Taxes, both transfer taxes and property taxes, and legal fees associated with the closing and finalizing of your home sale will be 2% to 4% of your sales price, or $ 4,000 to $ 8,000.

Tip: Check the laws in your state. If you've prepaid your property taxes for the year, you may get a credit instead of a bill. There may also be other refunds on prepaid escrow costs for home insurance and other costs of selling a home.

238,000

– 8,000

230,000

Paying Off Your Mortgage

Whatever the remaining principal balance is on your current mortgage will have to be paid off upon the sale of your home. Just to keep things simple, let's say that you still owe $ 50,000 on your current mortgage. If there's a prepayment penalty, you'll need to deduct that from your temporary sales price as well.

Tip: Ask your lender to prepare a payoff statement for you to check your figures. If there is a fee charged for the service, you can deduct it as one of the costs of selling a home.

230,000

50,000

180,000

Repairs to Your Home

The cost varies broadly depending on the age of your home and how well it's been maintained. At the very least, you should get a home inspection to identify any possible problems to avoid being surprised by them at closing. You should plan on paying about $ 300 for a home inspection.

180,000

300

179,700

Pre-Sale Facelift

Again, the cost varies with the work that's needed to get the house looking its best. Conservative estimate: $ 300 for new paint, screws and hardware, carpet for living room floor and landscaping service

179,700

400

179,300

Moving costs

The cost of moving from one home to another is included in the cost of selling a home. It may be as little as $ 1000 to as much as $ 12,000 for a cross country move. Let's be conservative again – $ 3,000

179,300

3,000

176,300

Other relocation costs

You may need to replace appliances, pay off school transfer or gym fees, or pay storage for your furniture. There are many unexpected costs of selling a home which may amount to nothing, or add up to a good chunk of change.

Even without adding in other relocation costs, you can see how the cost of selling a home can reduce your final cash gain. The good news is that most of those costs are deductible on your taxes.

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Source by B Shelton