heightsfan Posted July 8, 2008 Share Posted July 8, 2008 Good Afternoon,hope your week goes well! I am seeking some input, comments, advice or and knowledge you have encountered or experience with selling an older home and selling by owner instead of using a realtor. What are some Pros and Cons of selling an older home not worth much when using a realtor besides the realtor advertising and showing the house for you to people? What are some basic criteria for selling a home by owner? Can a potential buyer give a large sum down payment then monthly payments directly to the home owner? Thank You make it a great day Quote Link to comment Share on other sites More sharing options...
cwrm4 Posted July 8, 2008 Share Posted July 8, 2008 (edited) My experience has been that Realtors, under strict orders from the cartel leadership, will do every single thing they can to steer clients away from homes that are For Sale By Owner. Also, even if someone finds your house on their own, and decides to purchase it, if they signed a search agreement with a realtor, you may still have to pay their realtor a comission, even if the realtor had nothing to do with the sale. Edited July 8, 2008 by cwrm4 Quote Link to comment Share on other sites More sharing options...
jscarbor Posted July 8, 2008 Share Posted July 8, 2008 Good Afternoon,hope your week goes well! I am seeking some input, comments, advice or and knowledge you have encountered or experience with selling an older home and selling by owner instead of using a realtor. What are some Pros and Cons of selling an older home not worth much when using a realtor besides the realtor advertising and showing the house for you to people? What are some basic criteria for selling a home by owner? Can a potential buyer give a large sum down payment then monthly payments directly to the home owner? Thank You make it a great dayPro's are that you can possibly save some money, know what is going on with your property at all times. Con's not on MLS which mean less people see the property. Realtors will not steer their clients from the property but will typically miss the property when they are searching. Also, Its typically better to have someone screen buyers for you. People looking at FSBO are usually looking to get a "deal" and sometimes that means lower offers. I think for an older property not worth much it is doubtful there would be much advertising by an agent. The agents best tool for selling is good price and MLS.Can a potential Buyer give the Seller a large sum of money then monthly payments? Yes, its called owner financing. The right way to do this would be to have an attorney draw up a note and deed trust, provide clear title(except the note).Bottom line is FSBO is possible and can be a win win at times but it doesn't always work out best. Of course that can also be said for going with a Realtor couldn't it? Quote Link to comment Share on other sites More sharing options...
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