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For Sale by Owner
Posted on 10/7/21 at 9:46 am
Posted on 10/7/21 at 9:46 am
Anybody know anything about selling a house as a For Sale By Owner? I am looking to unload a piece of property in New Orleans and want to avoid paying a real estate agent commission.
Edit: It is a tear down house. Looking to sell as a tear down - lot value only.
Edit: It is a tear down house. Looking to sell as a tear down - lot value only.
This post was edited on 10/7/21 at 10:18 am
16
Posted on 10/7/21 at 9:48 am to lshuge
There have been a few threads on this, some even recent
Posted on 10/7/21 at 9:48 am to lshuge
Piece of land or a house?
We didn't have much luck selling FSBO in NOLA. Not sure if buyers rely on realtors or what.
Finally listed with a realtor after 6 months and the price listed was within 10% of what we were trying to FSBO for.
We didn't have much luck selling FSBO in NOLA. Not sure if buyers rely on realtors or what.
Finally listed with a realtor after 6 months and the price listed was within 10% of what we were trying to FSBO for.
Posted on 10/7/21 at 9:48 am to lshuge
quote:
don't want to avoid paying a real estate agent commission.
So you want to pay a real estate agent? Then contact one
Posted on 10/7/21 at 9:50 am to lshuge
quote:post it here
I am looking to unload a piece of property in New Orleans and don't want to avoid paying a real estate agent commission.
Was browsing small homes for sale in NOLA last night. May spend a day next month visiting a couple while in town
This post was edited on 10/7/21 at 9:52 am
Posted on 10/7/21 at 9:51 am to lshuge
is this a family llc by any chance?
Posted on 10/7/21 at 9:57 am to lshuge
Based on your post, you’re probably better off getting an agent to help you sell your house.
Posted on 10/7/21 at 9:57 am to lshuge
Just hire a reputed realtor
It will make your life a whole lot easier
It will make your life a whole lot easier
Posted on 10/7/21 at 10:04 am to lshuge
Is your market hot? If it is, realtors arent needed to get yours sold. A few tips:
1. a good title company will give you everything you need to do it. they should have a FSBO packet readily available.
2. when you post on zillow, have this in all caps at the bottom of your listing "BUYERS AGENT WILL RECEIVE FINDERS FEE UPON CLOSING". Do not commit to a percentage online. Wait until they claim an offer is ready. They will BLOW you up, and act condescending about it. "well im not bringing anyone for less than XX percent". Know that they're mostly full of shite. You will be showing your own house to prospective buyers and their agents.Let them walk around alone, then wait to answer questions.
So many realtors called us. We finally told them "we will give you a 1.8% cut if we get full asking price. That goes up by X if selling price goes up by X." They won't walk away from money, period. if they do, they didnt have a buyer in the first place.
3. Make sure all offers are pre approved financially, and can close quickly. Contingent offers suck, avoid if possible.
1. a good title company will give you everything you need to do it. they should have a FSBO packet readily available.
2. when you post on zillow, have this in all caps at the bottom of your listing "BUYERS AGENT WILL RECEIVE FINDERS FEE UPON CLOSING". Do not commit to a percentage online. Wait until they claim an offer is ready. They will BLOW you up, and act condescending about it. "well im not bringing anyone for less than XX percent". Know that they're mostly full of shite. You will be showing your own house to prospective buyers and their agents.Let them walk around alone, then wait to answer questions.
So many realtors called us. We finally told them "we will give you a 1.8% cut if we get full asking price. That goes up by X if selling price goes up by X." They won't walk away from money, period. if they do, they didnt have a buyer in the first place.
3. Make sure all offers are pre approved financially, and can close quickly. Contingent offers suck, avoid if possible.
Posted on 10/7/21 at 10:06 am to lshuge
Home board boss
Posted on 10/7/21 at 10:13 am to GreatLakesTiger24
quote:
is this a family llc by any chance
Passed by that historic property the other day. It's in a sad state.
Posted on 10/7/21 at 10:15 am to fightin tigers
quote:i knew i was missing a key detail
Passed by that historic property the other day. It's in a sad state.
Posted on 10/7/21 at 10:16 am to lshuge
Search Facebook groups for real estate and find one that focuses on investors that buy houses, and who flip or rent them. Join and post your property there.
Posted on 10/7/21 at 10:17 am to lshuge
In b4 "You don't really own your house man."
Posted on 10/7/21 at 10:19 am to GreatLakesTiger24
quote:
is this a family llc by any chance?
family is involved, but no llc setup
Posted on 10/7/21 at 10:22 am to HubbaBubba
quote:Only do this if you want to not receive the amount you’d like to
Search Facebook groups for real estate and find one that focuses on investors that buy houses, and who flip or rent them. Join and post your property there.
Posted on 10/7/21 at 10:56 am to lshuge
You can probably avoid a listing realtor, but you'll almost certainly have to offer 2-2.5% to a seller's agent to get any real action.
Posted on 10/7/21 at 11:26 am to lshuge
Sold last house FSBO. Easy peasy.
Posted on 10/7/21 at 11:29 am to lshuge
quote:
For Sale by Owner
Realtors will be less likely showing their buyers FSBO properties because they won't get any commissions.
Unless you know investors looking to buy with cash you are going to run into some issues.
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