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Selling your home yourself? nsfw added for help

Posted on 4/24/14 at 10:02 pm
Posted by EyeOfDaTiga1
Member since Aug 2006
559 posts
Posted on 4/24/14 at 10:02 pm
Any tips or tricks I can find on the money board? Where and how to advertise without using a Realtor? Help may be rewarded with some NSFW pics....
This post was edited on 4/25/14 at 6:08 pm
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8526 posts
Posted on 4/24/14 at 10:57 pm to
-I used owners.com to sell my last house.
-Have open houses if/when houses down the street from you have open houses, especially if they are listed with a realtor
- keep in mind that the house down the street from you that's listed with a realtor is probably priced 3-6% higher to account for realtor fees.
- one thing that I think helped is to include a floor plan on the flyer, if possible. My wife created one in Excel, and while it wasn't to exact scale, it gave people an idea of the layout.
- realtors are going to bug the shite out of you and make you think you'll NEVER sell your house without them. Don't listen, but do offer them a flat rate commission if they want to show your house.
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 4/25/14 at 7:09 am to
your second point doesn't make any sense. A house is worth whatever it is worth regardless of whether or not a realtor is involved. Houses aren't worth extra because an agent is involved. The rest of your advice is great
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/25/14 at 8:40 am to
quote:

realtors are going to bug the shite out of you and make you think you'll NEVER sell your house without them. Don't listen, but do offer them a flat rate commission if they want to show your house.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/25/14 at 8:42 am to
quote:

your second point doesn't make any sense. A house is worth whatever it is worth regardless of whether or not a realtor is involved. Houses aren't worth extra because an agent is involved. The rest of your advice is great


then why are realtors involved at all? And I agree with you that if you research comps and understand the market you can price it right.

realtors are really expensive advertising agents.
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 4/25/14 at 9:26 am to
I would agree with you on sellers agents. Buyers agents work much harder for theirs! The primary benefit to a sellers agent is they list the house on the MLS and put a lockbox on the door letting other agents show your house. Other than that I don't see a benefit. I surely don't see a 16500 benefit on a 275k house. I don't see how they do any more work on a 275k house than they would on a 100k house but you pay them 10500 more for the "service"?
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 4/25/14 at 10:16 am to
Good advice from Gumbo. I used FSBO.com and added pics on the web listing. Ran a couple of ads in sunday paper. The house sold in 2 months. Getting true comps is not hard to do. Go look up recent home sales in your neighborhood at assessors office (if they list purchase price-DONT use assessed value) or the clerk's conveyance records. Add one of those tubes on a stick and have the copies of home details and contact info on it for people to take.

The buyers called me a year later asking me to take the listing off of the website. I did from the website I listed it on right after it sold. The listing got picked up by a lot of other websites and they had people knocking on their door all the time wanting to look at the house over a year after they bought the house

This post was edited on 4/25/14 at 10:18 am
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8376 posts
Posted on 4/25/14 at 10:26 am to
I recently sold my home without a realtor. I sold it by just telling everyone in the neighborhood that I was moving out during regular mailbox conversation. had two different neighbors wanting their relatives to take a look and one of them bought the house. All we did was rent a big climate controlled storage unit and move over half our stuff out, painted, cleaned it up nice before showing it. We landed on a price by looking and seeing what other comparable houses were selling for in the area.

In summary decluttering, putting on airs, research and putting a sign in the front yard are a good place to start trying.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8526 posts
Posted on 4/25/14 at 10:33 am to
quote:

A house is worth whatever it is worth regardless of whether or not a realtor is involved.


This is true, but I think people tend to inflate the price of their house because they know that there's 6% coming off the top before they get their profit/equity out. As a prospective buyer, I expect houses FSBO to be a little cheaper since I know that they aren't paying the 6% commission.

If I have a $200,000 house that I want to get $175,000 out of, I'll list it at $200,000 with a realtor, but maybe only $193,000 by owner. It may not make sense, but that's the way that people think.
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 4/25/14 at 10:50 am to
and people selling FSBO expect to make 3-6% more
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/25/14 at 10:59 am to
quote:

It may not make sense, but that's the way that people think.


no... you are spot on. thats why it is crazy. And what feeds the problem is the buyer thinks, Oh, no big deal... the seller is paying the commission. Most buyers cannot wrap their head around the fact that they are actually the one paying it all because it is their money going to the sale/mortgage.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8376 posts
Posted on 4/25/14 at 11:05 am to
I can't fathom how people would think like that. When we sold ours we sold it for the same cost the other homes sold and those all sold with realtors. Like you guys said a house is worth what it's worth. I have heard people say that FSBO buyers tend to think they should get it 4-6% lower because it's "by owner" but that defeats the whole purpose IMHO.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 4/25/14 at 12:24 pm to
It really isn't rocket science. It's marketing and price it correctly. I got a little more than comps were selling on MY street. Get rid of the crap in your house and clean it! Neutral paint and less furniture to allow buyers to imagine their crap in your house get a storage unit to keep your stuff in.
Posted by EyeOfDaTiga1
Member since Aug 2006
559 posts
Posted on 4/25/14 at 6:13 pm to
Thanks for all the help fella's. I posted it on owners.com and spread the link through facebook and craigslist for now. Any additional help is greatly appreciated. As i promised here are some nsfw for the help. More help I get the more pics I'll post. Hope this isn't out of line. I just wanted to deliver.
















Posted by BearCrocs
Member since Aug 2013
6450 posts
Posted on 4/26/14 at 7:56 am to
In !!
Posted by EyeOfDaTiga1
Member since Aug 2006
559 posts
Posted on 4/26/14 at 2:36 pm to
Ok I was able to list it on Zillow, Owners.com, and Craiglist. Any other free options before I start thinking about using an agent?
Posted by nelatf
NELA
Member since Jan 2011
2296 posts
Posted on 4/26/14 at 3:27 pm to
Damn....got change up the rotation tonight


Secks first then dinner for the mrs.
Posted by EyeOfDaTiga1
Member since Aug 2006
559 posts
Posted on 4/29/14 at 9:36 pm to
FSBO.com Which package did you use to list? There were 3 available.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7137 posts
Posted on 4/29/14 at 9:48 pm to
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