Home Forums Hunting & Shooting Hunter's Campfire Home for sale by owner?

I just listed it as a For Sale by Owner on Zillow. We will see how this goes.

Just know what it is really worth before you put it up for sale. Lots of old folks are living in the past and don’t have a clue how things have appreciated in the housing market. We bought our last one off Craigslist for full list the same day that the ad came up. Best 3K we ever spent was having a buyers agent real estate friend nail it down that afternoon with a signed contract. What the property tax assessed value is isn’t what it could sell for. Ours was under valued and we knew it.

Also having the right real estate company is important too. When I listed my up north property with a local to the property company, they sat on it for a year with no result. I then listed it with another company and sold it in a week.

I will not say that realtors 'can't help'........... but the guy that'll keep you out of trouble is the closing attorney.... have one there on YOUR side........ and they charge a whole lot LESS than 6%...

realtors CAN find you buyers that you may not reach, and if that is worth it to you then go for it....

IMHO

Are you going to be heading back to the PNW?

405wcf

I haven’t sold a house in 30 years.

Figured you hadn't been out of yours in 30 years

Keep in mind the type of house contributes significantly to the speed at which it sells. Smaller homes in good neighborhoods sell much quicker than larger homes in rural locations.

At least around here.



P

I sold a house and 10 acres a few years ago. Get an appraisal they said. I got an appraisal. 190k they said . I thanked them paid the 500 bucks.
Get a realtor they said. I talked to 3 . They all wanted to list at appraisal.
I put a sign out. I talked to people. 3 days after appraisal of 190k i sold at 325k. This property is 30 miles from the nearest town. 2 of the 3 agents i talked to wouldnt even come out to view the place.

I worked as a land buyer for 20 years. Average purchase price for our sites was 1.75 mil. We used a one page contract for purchase and avoided agents if we could.
I have seen agents whip out a 50 page sales agreement. I would whip out my one page. We always used the one page.

Zillow removed the Make Me Move feature a while ago. Just for fun I picked the highest dollar per square foot sold price in my area, multiplied it by my square footage, and added $50k. Listed as fsbo. About $250k over the Zestimate. Let’s see what happens.



P

Got a call 8 minutes after I listed. Some lady, a buyer, is coming over to check out the outside.

Funny.

Asking $899,659



P

I sell homes on lease-to-own contracts to deadbeats with strong down payments.

'Sold' the same 6 houses at least 40 times altogether. No, I don't need a realtor.

There are some good realtors out there, that can more than make up for their fees and plus you let them deal with all the headaches. It sure was nice not having to even speak to the buyers. Lets just say they were Warnock voters but that was to be expected in my neck of the woods. I honestly didn't want to deal with them. Certain prices ranges are gonna have you dealing with fha and va loans and everything that goes along with them. We had 6 offers in two days on our house (this was our starter house in a lower middle class neighborhood). Only one was conventional and it was the lowest offer. We ended up taking an fha offer that was well above asking and buyer paid all of closing. Plus my realtor had a contractor on speed dial that was able to get a sagging sunroom roof braced up with beams and posts and trimmed out nice within a week for me for an awesome price. I got lucky and inspections went well even the fha, fha didn't advise for any repairs! I also used her to buy our current home, she made it happen in a market where every time you called to look at a house, it was already under contract. I got it for well below asking and appraisal, she also got them to throw in some expensive waterproofing and new 5ton carrier hvac system.

Neither has Windfall.

^^^^


Here's somebody that gets it.

Yep Greg, since arriving here, we have bought 2 houses & our business & sold our first purchase, all by private sale !

Saved enough, by not paying commissions, do do north of $60k in renovations to the new place, which at the time, we financed.

Once work was completed, get the new home & property apprasied, go back to the bank with the new $ & remortgage for 80% value, gaining $55k of our funds back, to reinvest.

Good Lawyer is all you need !

Listed my house in GA on Zillow.................realtor calls 'you know your asking too much for your house???' Really?? WHY? 'Well it's only a three bedroom and two baths' Really??? Well I live here, I can count 4 bathrooms and 5 rooms that qualify as bedrooms...... 'Well that's not what the tax record says'................ So, you know nothing about my house or what it is worth, do you want to buy it or list it?????

She did neither.......

I did sell it for asking price...............

Not all realtors are the same.

That's a great story, Paul, and you're exactly right. All you need is a good lawyer to do the title work and closings for you. You pay for what you actually get there. Not a bunch of spendy realtor fees for someone that does nothing more than throw your property on the MLS, which you can do yourself for $99 or less.

Good to hear!

Muffin, good for you.

Right off the top of my head, I can think of at least 3-4 houses I currently own where the county records are wrong.. including the one I'm sitting in now. Lol.

I can't even remember how many I've sold that were wrong.

How does one list their home on the MLS without using a realtor? We were told that it could not be done.

Yeah, but.

It can differ state by state.
Read up on your states regulations on "for sale by owner" MLS listings.

There are brokers that specialize in assisting with such a listing for a flat fee, typically a few hundred bucks.

Then...

Some realtor comes along and has a buyer that wants to purchase your property, somebodies gonna pay them their 3% commission to do it.

Anything can be negotiated into a sell.

My lawyer gets 1200 bucks to close a contract for me, I split it with my buyer, 600/600. <hint