re: Tips on selling your home by owner

My neighbor across the street did it. Flat-fee MLS, had his own open houses on Sundays. Held out and didn't drop price. Got full asking in about 4 months. He wasn't in a big hurry until the end when he had already closed on a bigger house down the street. That had to be a little nerve wracking.

I plan to do the same. I know RE law and market and have the time to do it, so no agents. If buyer wants one, then s/he can pay for it. (Caveat: the homes I'm about to sell are all in currently hot markets. The above posts' advice re buyer agents is sound if you need that extra exposure.)

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When I was recently shopping for a house, every FSBO was automatically eliminated because I don't want to deal with a moron who thinks his shite is worth 30% more than it really is.

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There are markets where realtors will do/go along w same. I haven't noticed an appreciable difference re this between FSBO and agent listings.

However, I was just telling my wife last night that, just as Waze has increased cut- through traffic in our hood, Zillow seems to have increased the number of inflated house listings. But those are still a mix or agent and FSBO.

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Spin-off: know anyone who has sold via Make Me Move, on Zillow? I've heard third-hand accounts but that's all. I'm considering it.

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What is that?

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I honestly don't know what a RE agent would have done that would be worth 20k+.

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You obviously don't watch enough porn.

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No way someone can convince me that a realtor is worth 6%.

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I literally have a sick feeling for 2-3 weeks after paying a realtor the 6% fee... yet I've renovated and sold right at a dozen homes over the past 30 years and never once was able to sell one "by owner"... believe me I tried... and tried....always advertised 3-6 months before turning over to a realtor...and all were extremely desirable areas that don't sit. I've come the conclusion that even though they seem unnecessary, (another woman last year got my check for $15,000 and didn't put more than 30-40 minutes of her time into selling my house) between the listing agent and the hundreds that then have access, one of them always seems to stumble across a buyer pretty fast... and I have yet to do so.

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What is that?

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Make Me Move seems a little gimmicky to me. You don't actually list your house for sale but you anonymously post a price on Zillow that you'd sell for. Hype generator I guess.

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What is Make Me Move?

Make Me Move is a free and easy way to tell others the price you'd be willing to sell your home for, without actually putting it on the market. It's that magical number you just can't refuse.

How Does It Work?

Once you set your Make Me Move price, potential buyers can contact you via e-mail and your identity will remain anonymous. Then it's up to you whether or not to sell your home. Try it out! You can remove your Make Me Move price at any time.

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LINK

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Be prepared for the offer to come in 6% below asking price.

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Common myth especially in desirable areas where asking price is the starting point with houses getting multiple offers above asking price.

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This stuff stresses me out. What if the offer on the house I want to buy is accepted and they want to close before I can sell my house? I need the $ from selling my house as a down payment on the new house.

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Include a contingency in the purchase agreement that the offer is only good if you can sell your house within 45 days or something like that.

I've done it before.. sold it in a few days in a hot real estate market. Someone from the neighborhood actually bought it for her mother in cash. Worked out good for both parties.