Are you looking to sell your home but not sure if you can afford realtor service fees? 'For Sale by Owner' can be a tempting option for many...
Are you looking to sell your home but not sure if you can afford realtor service fees? 'For Sale by Owner' can be a tempting option for many...
View Home Selling Guide RSS feedAre you looking to sell your home but not sure if you can afford realtor service fees? 'For Sale by Owner' can be a tempting option for many homeowners. Read this article to learn the benefits and drawbacks of this home selling option.
Selling your home without a real estate agent sounds easy enough. After all, who knows more about your house than yourself? But for every action there's a reaction, for every plus a negative. Here are some of the pro's and con's of selling your home all by your lonesome.
The number one benefit to going fisbo (nickname for 'for sale by owner' or 'fsbo') is the substantial amount of money you will be saving. The standard commission for full service brokers is six percent of the selling price. On a $500,000 property, that is $30,000 paid in commission.
Since your cost structure is lower than almost every house on the market, you have the ability to underprice similar properties. This can be especially helpful if you are in a hurry to split town.
Unless you interned at a real estate brokerage while in college, you probably don't have any real knowledge of how a real estate transaction works. Real estate is one of hardest assets to transfer from owner to the next.
Good real estate agents have set up a network of contacts and resources to get the word out on about your property. They know where to find buyers and where to advertise your listing.
Selling a home is a full time job. Many people simply do not have the time it takes to market the home, show the home and than write the contracts to sell the home.
Everything else said, technology is constantly being created that assists FSBO listings. Websites such as ForSaleByOwner.com provide basic help for going through the process. Zillow.com is a site where buyers can find an estimate on other homes in the neighborhood. And sites such as Bankrate.com offer information on the real estate and mortgage market.
Selling a home involves an extensive list of steps a homeowner should follow. Staying organized and informed is the best way to ensure a successful and profitable sale. Following the proper steps is something every homeowner should do to protect their present and future assets.
Do you ask a realtor how safe the prospective neighborhood is? If you don't, it would be a good idea to start doing so. How secure you and your family feel in a home begins with how safe the neighborhood is. Read this article to find out ways to learn how safe a neighborhood is.
Are you familiar with home loan terminology like adjustable rate, credit score and interest-only? Knowing this home loan jargon can help you become a savvy home buyer and allow you to better understand a realtor or lender. Read this article for explanations of these home loan terms.
This is an open letter addressed to all of the struggling mortgage borrowers (and their lenders) sitting on their haunches waiting for the government to come to their rescue.
U.S. Senate lawmakers have decided to press on with their unethical and irresponsible mortgage bailout bill despite a veto threat from the White House.
The housing crisis is a big issue for many voters. Not surprisingly, John McCain and Barack Obama offer vastly different plans to solve it. Let's see where they stand.
Falling prices are eroding the value of U.S. homes. According to a new Fed report, the equity that Americans have in their homes has dropped to the lowest level on record.
A survey commissioned by a national federation of state and local apartment associations shows that most renters will not be jumping into the U.S. housing market anytime soon. Has renting become the smart decision?
Some politicians are in favor of providing assistance to the millions of homeowners who are facing default as a result of poor decision-making and falling home prices. Others are dead set against it. Let's see where the American people stand.