Selling Houses Without Realtors

February 17th, 2016 admin

Selling Houses Without Realtors

Selling Houses Without Realtors
Selling Houses Without Realtors

Realtors Although many sellers choose selling houses without Realtors of some kind can be very beneficial. Typically a real estate agent, or the use of a third party is not required by most state laws (check your state). For a motivated and dedicated homeowner it is possible to save money and commissions by selling houses without Realtors. If you decide to self-list, what follows are some simple but very important steps to help you with your sale.

  1. Price Your Home to Sell

Before you list the property on the Multiple Listing Service (MLS) or anywhere else, make sure you’ve priced the home competitively. Use the Internet to get an idea of selling prices for comparable homes in your neighborhood, and then price your house accordingly.

  1. Obtain a Flat Fee Listing on the MLS

The MLS is the most comprehensive list of real estate for sale in the U.S. It is available to Realtors, and in some areas, prospective buyers can also search for homes using the MLS. There are services that allow you to list your property on the MLS for a few hundred dollars.

  1. Market Your Property

In addition to listing the home on the MLS, advertise by putting up “for sale” signs, creating brochures, putting ads on Craigslist, and building a web site to market the property. There will be some costs involved in advertising the sale of your home, but they will be a fraction of an agent’s commission. The real cost is the amount of time and energy you will need to put into selling your home.

  1. Hold an Open House

You can also hold an open house to advertise the sale of your home. Advertise for the open house by posting signs in your neighborhood. Have some light refreshments available and set out brochures about the home that visitors can take with them as they leave.

  1. Know Your Property’s Selling Points

When writing your ad copy for websites or brochures, make sure to include basic information about the house, including the price, number of bedrooms, number of bathrooms, lot size, location, and of course the specific details that make the house special to potential buyers.

  1. Prepare to Show Your House

You will have to prepare your house for showings and open house events. Deep-clean the house, including scrubbing the kitchen counters and the appliances, shampooing the carpets, cleaning the linoleum, and stashing your keepsakes in a closet (i.e. house spring cleaning tips and checklist).

  1. Show Your House

You will have to place a key in a lock box and answer calls from other agents or  buyers. If you are at home during the day, you can show the house yourself. Otherwise, you will have to verify the identity of the agent before giving out your lock box combination.

  1. Perform Your Own Negotiations

Real estate negotiations take the form of a contract that is submitted to the seller. The seller can accept the offer, or revise the contract and submit it to the buyer. The process continues until both parties sign a contract.

Final Word

Selling houses without Realtors is not for everyone. Many people will not have the time or the patience to deal with the process. And for some, if the listing price is low enough, the potential savings might not be worth the time and effort necessary to sell the house without a realtor. Whatever the case, if you are planning to list your home, at least consider the great savings you could enjoy by selling the house on your own. If you know just a little about real estate, and you can put forth the effort to do a good job, you can save a tremendous amount of money by selling your own property.

Have you been through the process or someone you may know who focused on selling houses without Realtors? What are your best tips for selling a home without an agent?

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5 Keys to Save Money While Selling Your House

August 27th, 2015 admin
5 Keys to Save Money While Selling Your House
5 Keys to Save Money While Selling Your House

5 Keys to Save Money While Selling Your House

When Gloria and Frank Emendez had to relocate because Gloria received news of an unexpected job transfer they had to sell their house fast. They ran the numbers and discovered that the small amount of equity they built up during the few years of homeownership would be all but eliminated in agent fees and commissions. Instead they chose a non-traditional approach to selling their home and it saved them thousands. Many homeowners find themselves in similar positions; maybe it’s not a job transfer but need to relocate to be closer to family, or maybe a couple is facing a divorce, There are numerous reasons why a homeowner may need to sell their house fast while still making money from the sell. We are here to give you 5 keys to save you money while selling your house.

5 keys to save money while selling your house: Saving money is a priority when selling a house, this is why its the first of the 5 keys to save money while selling your house. Fees can add up extremely fast and wipe out the equity that you may depend on to transition to your new home. By selling your property without a Realtor is a sure way to save 6% of the home’s sale price. Although a Realtor can put your house in front of a lot of buyers, this does not constitute the right buyers viewing your property. A Realtor will have more than just one client, so how do you know that the effort and attention your property need for marketing is being done. The days of just listing the house on the MLS are over, you will need someone to focus on your house and who better to do that than you. In most markets the time to sell a house is increasing and the longer your house sits on the market the more you are at a disadvantage of getting the asking price you are looking for. By being focused exclusively on your property will save you lost time and thousands of dollars.

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4 Ways Tenants Can Destroy Landlords

August 27th, 2015 admin
4 Ways Tenants Can Destroy Landlords
4 Ways Tenants Can Destroy Landlords

4 Ways Tenants Can Destroy Landlords

Being a landlord can present many opportunities for long-term wealth. For those that really have the passion for being a landlord it can be lucrative. For others that lack the passion a tenant can destroy a landlord. If you are a landlord and you are questioning if your purchase of a rental property was the right thing to do then it might be time to lick your wombs and get out before things get worse. These are 4 ways tenants can destroy landlords and make a person give up their aspirations to be landlord.

Too Many Repairs – Repair cost can add up quickly especially during the winter months. Tenants use the winter months to try and break their lease because of needed repairs. Something as simple as a water heater replacement can give your tenant an opportunity to break the lease if you do not have cash reserves on hand to repair it quickly. Not only can you lose your tenant the repair cost can grow exponentially due to extreme weather conditions or the timing of repairs. It seems as though all major break downs occur after hours because of this you have to pay a premium for repair service. If you face such a situation you are aware that lost time is lost money especially when your mortgage payment is due, if you are tired of being a landlord its ok it is not for everyone. There are many duties and laws that landlords must adhere to.

Troubled Tenants – As discussed above tenants try every way they can to get out of a lease if they are not happy. A trouble tenant can present havoc for a landlord. There are many laws such as the Arizona Landlord-Tenant Act that protects the rights of the tenant and the landlord. There are different laws for each state so it is important to know your laws or seek the advice from an attorney.

Unexpected Long Term Guest – Some tenants have a track record of letting someone live in the rental that is not listed on the lease. This can pose a huge problem because  as the landlord you have not had an opportunity to screen the additional tenant. If you are not aware of the the additional tenant its is your responsiblity to have that individual removed from the property voluntarily or involuntary.

Accepting Late Payments – The way a landlord and tenant relationship begins is normally how it will continue throughout the tenancy. The biggest issue I find with landlords is they tend to give the tenant the benefit of the doubt. Tenants have very creative stories why they are unable to pay the rent on time, and some stories can be delivered with high emotions. As the landlord if the tenant is not honoring the lease and you allow it, there will be some difficulties in the eviction process. During the eviction the judge will evaluate the term of the tenancy and outline the consistency or lack there of to determine the likelihood of the eviction.

These are 4 ways tenants can destroy landlords there are many other issues but these are the most  document factors that present problems.

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