House For Sale By Owner
House for Sale by Owner Question?
ok, so my husband and i need at least $131,500 from the sale of our house to pay off the existing mortgage and pay off the home equity line. What i want to know is, if you do a for sale by owner is there any extra money we need to pay at the sale of our house except closing costs? we have alway used a real estate agent and know nothing about doing a for sale by owner but we can’t afford a real estate agent, so i need help!!!! anyone who can give me advice please do! Probably the most we could ask for our house is $135,000 because that is the max it appraises for. HELP ME! (i hope this makes sense to someone, because i am not even sure it makes sense to me, lol)
Closing costs are negotiable and can be paid by the buyer, the seller or both.
I’ve sold several properties myself. The bank for the buyer will have all of their paperwork in order–you supply the house. Think about it. The people providing the purchase price are the ones who have to make sure everything is in order.
You may wish to visit the FSBO (for sale by owner) website for more tips. You don’t need a real estate agent, but you DO need a form that can accept earnest money, the offer itself and any counter offer. Also, you must disclose any repairs that are required.
Free Special Report: House For Sale By Owner
Do you want to sell your house without paying a commission to a realtor? A house for sale without a realtor is allows your to pocket that extra amount of money that would have otherwise gone to the realtor. Here are a few guideline you must follow if you want sell you home without a realtor.
The first guideline is to price your house properly. How do you do that? Don not place an unrealistic price to your house because you had replaced those old kitchen cabinets a few years ago or you have stopped your roof from leaking. Your house is not worth more than the market value of comparable houses in your neighborhood.
One way to do this is to check the assessed taxes of all the recently sold houses in your neighborhood and their selling prices. Comparing the assessed taxes of your house with that of the recently sold houses, you will be able to determine the market value of your home.
What did you do when you purchased your home? You hired an inspector to point out problems in the house you wanted to buy. Hire an inspector to find problems in the house you intend to sell. Any potential buyer of your house is going to do the same thing. Take proactive steps to discover problems in your house and fix them before a potential buyer finds them using a home inspector.
The appearance of your house from the outside and the inside is the most important selling point. So, take care of it before the first potential buyer drives by your house. If you are selling the house during the prime summer season, regularly mow your lawn and keep it neat and tidy. Also, don’t forget to water your lawn and keep all weeds pulled.
If your house has a vinyl siding, wash the outside using soap and a pressurized water jet. If your wood sidings require a fresh coat of paints do it. If you have not painted the inside of your house in the last five year you may want to do that as well.
Pick up inside including the basement, storage room and garage. You never know what people are going to look at.
For marketing your house, use a variety of methods. Use paid websites like fsbo.com or completely free web sites like freeadposting.com or to list your house with pictures and details. Use classified ads in your local newspaper . Put up flyers on the free bulletin boards of your local supermarkets, grocery stores, churches, work places, etc.
And don’t forget the word-of-mouth. Tell all your friends and folks and request them to tell their friends and folks about your house for sale.
When it is the time to finalize the sale, use a title company. They will make sure that all legal entities get all the legal papers of your house sale. Also, a title company helps you go through the legality of selling a house. The legal aspect of selling a house will require that you get professional help to make sure everything is done properly.
About the Author:
Jeff Schuman invites you to visit his
house for sale by owner
website for ideas and articles on selling your own home.
http://www.ideas-from.us/real-estate/house-for-sale-by-owner.html
Article Source: ArticlesBase.com – Important Tips On A House For Sale By Owner
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