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DynamicTrends in:
- Why to Sell FSBO
- How to Sell FSBO
- FSBO Legal Forms
- FSBO Services
- FSBO Advertising
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Industry
Insider
The "Insider" says: Sell, Sell, Sell...
Not only is it going to become MORE difficult to sell beginning in November, due to the season, which traditionally slows down over the winter months, but the housing market is also going into a slump that's long overdue.
One reason for the slump, is that everyone has been holding their breath and hanging on to their money until they see which direction the economy will go. We've been waiting for the bubble to burst, for about 3 years now, and it may be about to happen. Politics may also play a key role. Prices in some states are down nearly 20% from their highs a year ago. Michigan is amongst the hardest hit, probably related to the down turn in domestic auto sales.
You could save a chunk of money selling your own home right now, and banking it until the "Bust" is over. The "Insider" suggests using every avenue to get your home sold. All kinds of info can be found at
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Out! Have you ever sold a Home For Sale by Owner before?
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What's
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Our "Insider" will analyze the Real Estate market and the Economy, in Life After the Elections.
Future editions will rate Precious Metals, the Stock Market and More... |
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Help Wanted
If you know anyone that might be interested in making 5-50 extra dollars a week, please let me know. The work is suitable for anyone 17 and up! $5 per sale. NO selling involved. Just click on Email Us, and I'll send details.
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Four Steps
to make your
Home For sale by Owner
Successful |
Selling your home by Owner will save you a good amount of money and it's not that difficult. There IS a little work involved, but if you don't want to do it, or can't handle it, you can always list your home with a broker. It may ONLY cost you anywhere from $8,000 to $200,000 and more, depending on the selling price. But hey! It's only money!
1. Why Sell For Sale by Owner
For starters, there's those big fat commissions that you'll save. Brokers around the country charge as high as 8% of the selling price for their services.
It's against the law in most, or all states for brokers to refuse to negotiate a commission, but if you've ever done it, well, you get the idea. There are a few discount brokers, but it's most often true that you get what you pay for.
You can do it yourself fairly easily with a little assistance. You could hire a Real Estate Attorney, who will usually charge roughly 1%, to answer questions, do the legal work and represent you at the closing.
Actually, if you choose to do it yourself, the title company and bank usually do the closing. All you need to do is find a willing buyer, take an offer, make any counter offers, (Counter Offers Void the Original Offer), and make sure you get all the proper legal forms filled out.
Make sure that you use EVERY avenue, including on-line, to advertise your For Sale by Owner and you CAN do it! DynamicTrends is a great place to start. Everything you need to be successful is there.
2. How to Sell For Sale by Owner
First you'll need to assess the price. You can have Real Estate agents do it if you wish. Tell them you might be listing in 6 months, because you might end up doing so.
Next you'll need to get your home prepared for the sale. A comprehensive list can be found here.
You want to consider hiring an inspection company and/or offer a Home Warranty, which eases the customers mind regarding things that could possibly go wrong AFTER the sale.
Advertise your home in as many ways as possible. You can use Open House, sign in front, flyers, newspaper classified ads and on-line. Put the online information on the For Sale sign in front of your house and in your classified's, then prospects could see what your home looks like on the web. That's HUGE, when you consider that there may be people in other states looking to move to your neighborhood! They don't call it the World Wide Web for nothing.
Once you find a buyer and get all of the necessary legal forms filled out, it's time to let the title company close the deal for you, the buyer and any banks involved if there are any. Congratulations! You've done it.
3. FSBO Legal Forms
There are a rather large amount of legal forms involved, but we're here to help you if you need it.
We are NOT attorney's, nor do we give LEGAL advice. That being said, we do have experience and if need be, we have access to a Legal Document Preparation Service.
At minimum, you will need the following forms:
- Residential Property Disclosure Form
- Lead-Based Paint Disclosure Form
- The EPA's Lead Based Paint Hazards Booklet
- Homeowner's Association Disclosure Summary
- Warranty Deeds (formatted by marital status)
- Real Estate Purchase and Sale Agreement
- Seller's "Offer to Purchase" Form and Buyer's "Counter Offer" Form
- Addendum's
4. FSBO Services
There are links on our web site for all the services you will need. Included are; Mortgage Companies, Title Companies, Inspection and Warranty Companies and more...
ABOUT THE AUTHOR:
Mike Scoglietti the "Insider" shares almost 40 years of financial and political experience with close friends and others interested in learning from that experience.
Visit us at DynamicTrends, or just become a subscriber - FREE- for a fresh and original perspective on today's
financial and political issues.
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