Immobilienmakler Fan

You may think that it is the only way for you to sell your home without a Realtor or real estate agent is to become like an agent yourself. There are a few options that you have that are not a For Sale By Owner route.

Sell to a Real Estate Investor

A real estate investor is a person that buys a house, not to live in it, but to either rent it out, renovate, or resell at a later time. Going to one of the companies that buy houses has some big advantages over a traditional sale. As an example if a homeowner has a house that is in need of some major repairs a real estate investor might be able to offer you a better deal then you would get with a normal sale. This method can also help out a homeowner if they are trying to avoid foreclosure by buying the house and reselling it back when a homeowner has their financial situation more in order. Homeowner that are going through financial hardships might even be able to stay in the house as a renter if the investor thinks that they will make a good tenant.

Having An Auction

In the past, an auction for homes usually has been reserved for homes experiencing default and foreclosure. However, more people are using auction sales in order to get their home sold quickly. Instead of going through the process of waiting for a buyer, an auction allows sellers to put up a certain time and date for the auction in which buyers can bid for the highest price. Buyers and sellers do not have to play a guessing game of trying to judge the other party’s expectations and possible offers, and even if the auction does not result in a sale, an auction will allow sellers to recognize serious buyers.

There are some downsides to trying to do it this way. Many home buyers are either uncomfortable and unfamiliar and would rather make an offer in a less open setting. This is why you might alienate some buyers by trying to go this route with selling your house. Also the house is sold to the highest bidder so you might end up with less then you would have if you had done it the traditional way. Having an auction can be risky but it can save you months of time, and potentially be profitable.

A House Swap

This concept is much more familiar abroad, but it is not without its appeal in the States. The idea is just as it sounds: two homeowners find suitable houses that they can trade with each other and then make an agreement for the simultaneous sale of both homes. This often is ideal when homeowners have disparate needs such as a trade between two retirees looking for something small while a larger family needs a home with extra bedrooms. Usually one party will pay extra to make up the difference in home values.

A house swap might be a good option if you are looking for an outlet of selling a home that would otherwise be hard to sell. There are a couple of expectations on what should be included in the trade to allow for both parties to fit their needs for the given situation. The downside is that you will be highly limited to just the houses that people are looking to swap in your specific region or area. If you do this right though you can avoid the huge real estate agent commissions and take care of a lot of different things all in one big transaction.

As I’ve shown there are other option that you have available to you if you don’t want to sell with a Realtor. The traditional method of selling a house might not be right for all homes in all circumstances, and selling to an investor, at auction, or with a house swap you could have a solution that will save you both time and money.

Immobilienmakler Heidelberg

Makler Heidelberg

1-Don’t change your mind after you made the advertising and preparations for selling the property. If you decide to sell your house without a realtor then keep it this way, because if you change your mind you will feel about it and your morale will go down. Think this way: If so much people make money through selling their own house why shouldn’t I do the same thing.

There’s no ultra-secret method that real estate agents use to sell your house, and there’s no secret tips that everyone sell their own houses without a realtor.

2-Be sure that you are doing the right things, because the main mistake that people do is to think if they spend a fortune on advertising they will get higher offers.No. Advertise in the right place,
through newspaper and websites and put a sign outside the house.

3-Try to make small improvements to your house in order to increase it’s value.

4-Have patience and don’t rush things, because you will get a buyer for your house eventually.

5-Price your house correctly. This is one of the most important tips on how to sell your house without realtor: When you evaluate your house I suggest to find out the price for houses that are for sale or were sold in your neighbourhood and price your house 10% lower. This way you will get most visitors to your house and the chances of getting fast offers for your house increase. Keep in mind that in order to have a relevant price you must look for houses that are close to yours. I mean houses that have the same number of rooms, same number of baths, same style.

These are just a few tips on how to sell your house without a realtor, but I will reveal more soon.Keep in mind that selling houses can pe a profitable business if it’s done correctly.

Immobilienmakler Heidelberg

Makler Heidelberg

Selling your home on your own is a challenge in today’s market. If you decide to go it on your own, here are a few tips to keep in mind:

Preparing the House

Start by preparing your home for sale. Clean, get rid of clutter, pack up items you don’t use and maybe having a garage sale to get rid of the rest.

Appearance Does Matter

The outside appearance of your home is as important as the inside. It’s the first thing that buyer’s see so you want to make a good impression. Make sure your lawn is manicured. Fix any broken gates, fences or windows. Plant trees, trim shrubs and add some flowers.

The inside of your home should be warm and inviting. Freshen the home by repainting, cleaning or installing new flooring or carpets and maybe new appliances, if your budget allows. The home should be spic and span inside. Removing clutter will give the home a more spacious feel.

Price Your Home Correctly

Price is the most important factor to consider when selling a home especially in today’s tough market where you are competing with distressed properties. You will need to price the home at or slightly below market to attract a qualified buyer. You must be motivated to sell. This is not a market to test. Only serious sellers are able to compete for buyers.

Offer Incentives

Offer buyers incentives such as seller financing, paying their closing costs, prepaying taxes and offering credits or making repairs. Remember, the competition is fierce out there. The more you sweeten the deal, the better.

Advertising

Set aside a budget for advertising your home. Will you use signage, newspaper ads, conduct an open house, and advertise the home on the Internet? These are all good ways to expose your home. There are several websites that owners can advertise their homes for sale other than the MLS. You want to attract as many buyers as you can. The Internet is a great place to advertise your home because half of all home buyers today start their home search on the Internet.

Talk to everyone you know and tell them your home is for sale Make up some brochure sand distribute them to local Realtors in the area who may have a buyer interested in your home. If they bring you a buyer, then offer to pay their commission.

Negotiating the Contract

If you are not going to use a Realtor, then hire a real estate attorney to help you negotiate the contract. If you cannot afford an attorney, then educate yourself on the local real estate laws, health and safety codes and disclosure laws in your area to avoid any legal problems down the road.

Remember that both parties need to walk away feeling like they each won something. Find out what is important to the buyer. Is it price, a longer or shorter closing time, do they need help with financing? This will help you with the negotiating process.

Ask the buyer to provide you with a pre-qualified letter from their lender to make sure they qualify to buy your home. If it is a cash offer, then ask for proof of funds such as a copy of a bank statement. You don’t want to tie up your property for 30 or 45 days with a buyer who is not qualified to close the deal.

Closing the Transactions

You will need to choose a title or escrow holder or attorney to close the transactions. Check around with friends, neighbors or local Realtors and get a referral. Always choose a reputable company. The title company will provide you with an estimate of your closings costs. Ask if they have a document management Internet system so that you can have access to the transaction 24/7 and share information with the buyer once you have an accepted contract. It saves time and is a great communication tool to keep everyone in the loop at all times so the closing process goes smoother.

Immobilienmakler Heidelberg

Makler Heidelberg

Selling your house without an agent my not seem all that uncommon. After all, everyone knows you can slap up a For Sale By Owner sign in your yard, put up a listing in Craigslist and the local paper, and wait for a buyer to bring a check to the title office. Simple enough right?

Well, not always.

Here’s why:

In today’s market, cash in hand buyers aren’t really interested in paying retail for property. After all, they have the cash meaning they have the negotiating advantage. And what about the first time home buyer? The bad news is, mortgage applications are at a 5 year low, meaning those that want to purchase a property conventionally are not getting their loans approved.

With the pool of buyers shrinking lower and lower, how can you sell your house, without agents or without having to sell for pennies on the dollars to cash buyer?

This is where the uncommon part comes in. There’s a little niche strategy of creative real estate called lease purchasing, or more commonly known as „rent-to-own.“

Selling this way is nothing more than setting a lease agreement for a term, which can range anywhere from 6 months to 10 years, and having an option to purchase within the lease term for a set price… usually the full retail price or the mortgage balance, whichever is higher.

Why should you even consider selling this way?

Maybe you shouldn’t.

If you have the time and equity to list your home and wait for a qualified buyer to purchase your house and cash you out… you’re probably better off doing it that way. However, if you don’t have the equity to take a discount or pay for fees and commissions, and you need immediate mortgage payment relief… this can be a great strategy.

First of all, this is not simply renting your house out to a typical renter. You will be dealing with tenant/buyers, people who want to purchase a home for them and their families, but just can’t seem to get their loan to approve. They have the income, the background, the character to be home buyers. They are just having trouble getting a conventional mortgage in this market. And this market is huge.

And unlike your usual renter, they take care of all the day-to-day maintenance as well as all the repairs and are working with their mortgage broker every month to get their loan to close. They just need some time for their paperwork to make it pass all the hurdles lenders have attached these days.

When their loan does approve, they will cash you out for the full retail price of your house or mortgage balance and you keep it all since their are no fees or commissions to pay when selling this way. And in the event they can’t get their loan to close during the lease period, you have the choice of either extending their lease giving them more time or sell it to another buyer. Either way, you get immediate mortgage relief and full price when the tenant/buyer cashes you out.

Selling in this uncommon and creative way might not be the best solution for you. And that’s OK. It’s another strategy you keep in your arsenal in case your situation changes and you need a way out of a property quickly.

Immobilienmakler Heidelberg

Makler Heidelberg

For Sale By Owner or FSBO is a word that has been floating around in increasing popularity among the real estate community. In the past, the only way that you could sell your home is by using a real estate professional such as a broker, Realtor, or other real estate professional. However, with a realtor costing a sizable portion of the sales price, more and more people are thinking about putting in the time and work into selling the home themselves. This article will talk about what FSBO means, its advantages and disadvantages, and whether it is right for you.

What is FSBO?

For Sale By Owner is a term that means that someone is selling their house without using a real estate professional. In the US there is nothing that requires you to use a real estate agent when you are buying or selling your home. However some states do require that a real estate lawyer read over the contract and that there is one at the closing table when all of the paperwork is signed. Because of this many people have started to turn towards this method and that number has been increasing in recent years. For many people a FSBO sale means that they put a yard sign up, put some online listings out there, and then conduct all of the showings themselves until someone finally buys their home. However this route can include other things like selling your home at an auction, selling directly to an investor, or even something as unusual as a house swap.

Why, And Why Not, To Use FSBO?

The savings is the biggest reason people usually decide to sell by themselves. Most real estate agents take anywhere from 5-8% of the total price that the home sells for. If you sell your home for $ 100,000, and even using the 5% fee, you will be paying $ 5,000 just to the real estate agent in the form of commissions. This is a huge chunk of money that could be used for something like a trip, college, paying off other bills, or even adding to your nest egg. Sometimes sellers think that the best person to market their home is the person that knows it best, which is themselves. Most of the good agents will usually be juggling at least a dozen listings all at one time so the agent might not be able to devote the time and attention to your sale in order for your home to sell quickly.

The biggest disadvantage of selling your home is that it takes a lot of work to accomplish. Even though it is not required it does make the process of selling a home a lot easier to use one. They have all of the contacts that are needed for the various professionals that you need involved with a home sale, plus they will usually do all of the showings. If you don't have an agent you will have to read about all of the state and local laws to ensure that you are proceeding in the best manner, and you will also have to study what type of marketing is working right now. You will have to list the home yourself and you will have to speak directly with the buyers when it comes time to have showings and for the negotiations.

Who should use FSBO?

If you have full time job and other full time commitments, then FSBO is probably not the right route for you. If you are going through a major life change, the extra work from an FSBO may only lead to more stress. If you are selling a home that is extremely unique or would yield a smaller audience of buyers, then having a real estate professional will help you find the right buyers.

On the other hand if you have the time, and are willing to put in the work, you can save yourself thousands of dollars in the home sale process.

Immobilienmakler Heidelberg

Makler Heidelberg