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OT: Selling Home By Owner
Posted on 2/9/18 at 1:42 pm
Posted on 2/9/18 at 1:42 pm
Anyone have success doing this? Homes in my neighborhood generally sell pretty quickly as it’s a convenient location in EBR. Does anyone have experience with FSBOBR? We put the house up last weekend and have gotten bombarded with phone calls from realtors.
Posted on 2/9/18 at 1:46 pm to LSU4lyfe
I tried this as well but I eventually got impatient and listed with a realtor. The house sold the first day it was listed.
After the experience I had with my buyers, I would NEVER try to sell another house myself again. There are too many laws and regulations that I can't keep up with. I'd rather just transfer the risk of fricking up to a realtor and be done with it.
After the experience I had with my buyers, I would NEVER try to sell another house myself again. There are too many laws and regulations that I can't keep up with. I'd rather just transfer the risk of fricking up to a realtor and be done with it.
Posted on 2/9/18 at 1:47 pm to LSU4lyfe
We sold our home ourselves and the same thing happened, realtors came out of the woodwork trying to negotiate their % taken. Screw that I wasn't paying someone $21k if I didn't have to.
Posted on 2/9/18 at 1:47 pm to LSU4lyfe
I sold my first house in Lafayette using FSBO in 2009. Had to go through all the junk calls but ended up being well worth it. Almost all of the agents just wanted to list it. Told them I would pay them 2% for a buyer. They never brought a buyer. Took few months to sell, but saved 12k. House flooded with 3 ft water in 2016. Paperwork is not difficult. Buddy who was an agent in BR helped me with any questions.
This post was edited on 2/9/18 at 1:49 pm
Posted on 2/9/18 at 1:49 pm to LSU4lyfe
Sold my first house on fsbobr. I just shunned away the realtor calls, and let them know I wasn’t intersted. Luckily, I got an offer at full asking price within a week and that shut the realtors down.
Posted on 2/9/18 at 1:51 pm to LSU4lyfe
quote:
Anyone have success doing this? Homes in my neighborhood generally sell pretty quickly as it’s a convenient location in EBR. Does anyone have experience with FSBOBR? We put the house up last weekend and have gotten bombarded with phone calls from realtors.
In the process. Will close in the next week or so. Over the years, people I work with have become aware that I had the property and some of those have been house hunting. When I decided to sell, I let those folks know. One of those people and his wife are buying it. Network selling.
Posted on 2/9/18 at 1:52 pm to OSoBad
quote:
I wasn't paying someone $21k if I didn't have to.
subtle brag
ETA: nevermind... ISWYDT
This post was edited on 2/9/18 at 1:53 pm
Posted on 2/9/18 at 1:53 pm to Dlawnboy
quote:
Paperwork is not difficult.
Contact a real estate attorney and they will put together the contract. All you have to do is sign off (maybe more than once if amendments are made) and then the lender/closing attorney will handle the rest.
Posted on 2/9/18 at 1:54 pm to S1C EM
Most realtors aren’t interesting in a listing for a rattlesnake farm in East Georgia. You kinda have to network-sell that one.
Posted on 2/9/18 at 1:57 pm to LSU4lyfe
I sold our house in Baton Rouge fsbo. Basically got an appraisal and put a sign out. Sold easily. Buyers mortgage company gave him all the paperwork he needed. Title company handled the rest. Easy easy.
Negotiations were easy. Just the appraised value is this. No problems.
Negotiations were easy. Just the appraised value is this. No problems.
Posted on 2/9/18 at 2:01 pm to LSU4lyfe
sold ours in 3 days. The trick is declutter, then when you think you've done enough, declutter some more. It took us 6 weeks to get rid of stuff, set up, and take pictures of each room. Then when paid a guy a flat fee, somewhere around $500 to list our house with an MLS number on realtor.com. The house, with great pictures, was listed on several websites including realtor and we started getting calls immediately. Sold for what we were asking for (which was more than what it appraised for) before our for sale sign was even delivered. The trick with the MLS number, you have to at least offer the buyer's agent a small fee or they won't show it to their clients, in our case $2000 if they brought us the buyer. You set up the appointments and show the house yourself. There are free disclosure forms and sales aggreement forms available online. Would do it again. If it doesn't sell after a few months, you can always try a realtor then. It all depends on how fast you need to sell it, and if your asking price is not outrageous.
Posted on 2/9/18 at 2:06 pm to LSU4lyfe
My wife (no pics) is an agent. She always tells people to try FSBO first. Sometimes it works...
I'd suggest you try it out and see. Keep that commission $$$ in your pocket if you can. If nobody calls you but realtors though and you're tired of waiting, THEN get a realtor.
I'd suggest you try it out and see. Keep that commission $$$ in your pocket if you can. If nobody calls you but realtors though and you're tired of waiting, THEN get a realtor.
Posted on 2/9/18 at 2:14 pm to Giantkiller
quote:
My wife (no pics) is an agent. She always tells people to try FSBO first. Sometimes it works...
I'd suggest you try it out and see. Keep that commission $$$ in your pocket if you can. If nobody calls you but realtors though and you're tired of waiting, THEN get a realtor.
Yeah same situation for me. Close family friend said to give it a shot on FSBO first. For the amount you save, I recommend doing the research and asking friends for advice.
Posted on 2/9/18 at 2:20 pm to LSU4lyfe
I sold my last home FSBO, put in my ad that any realtor that brings me a buyer can have 3%. Saves you 1/2, and they do all the paperwork.
Posted on 2/9/18 at 2:21 pm to lowhound
We got on Zillow and trulia for free. I saw where you can get realtor.com which is the MLS for a flat fee. Does that put you on sites like CJBrown or it is just realtor.com?
Posted on 2/9/18 at 2:22 pm to kywildcatfanone
Right now I have in the listing that I’m willing to pay 2.5% to an agent. How does it work with the companies? Are Remax / CJBrown agents not allowed to show your house?
Not familiar with their restrictions
Not familiar with their restrictions
Posted on 2/9/18 at 2:35 pm to LSU4lyfe
Are you offering 2% to a buyer that comes along with an agent?
Posted on 2/9/18 at 2:43 pm to lowhound
quote:
they won't show it to their clients
So I could ask to see that specific house and the realtor would tell me no?
Posted on 2/9/18 at 2:53 pm to TDsngumbo
quote:
The house sold the first day it was listed.
This isn't good.
Your realtor either didn't know the value of your home or they may have scammed you with a buyer that worked with them.
Posted on 2/9/18 at 2:59 pm to Quinn225
quote:
So I could ask to see that specific house and the realtor would tell me no?
Ive heard they typically tell the client they can’t get into the house bc it’s for sale by owner
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