My scenario is: I’ve got 10 weeks to sell my home. I need some answers?
I have a real estate agent but I was also looking for a way to sell my home fast. Has anyone ever heard of 123sellyourhome.com ? I’ve done what I can to see if it’s a scam and haven’t found anything yet. If this isn’t a viable option what else is there. The house is less than 150k and I’ve owned this for just over a year. I’m not behind or late on payments; I’m just relocating and need to get rid of it. I won’t consider lease options. It’s 5 years old and again I’m looking for options to sell the home quickly and not take a loss.
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A real estate agent is the best way to sell your house. Since you already have one, I would let him/her know that you’d like to offer a $1000 (or whatever) selling bonus for the agent who sells your house. It’ll be in the listing, right there for every agent in town to see, and that means it’ll get shown a lot more! Worked for us recently. With the market the way it is, you have to be willing to pull out all the stops and do whatever you can to sell, as long as you don’t wind up bringing money to closing! Have you requested your mortgage payoff recently? Do you know how much money you have to work with in the deal?
keep dropping the price until it sells.
Believe me there is no magic pill. This market is crummy and you will have to live with it. The buyers just aren’t out there. I have my own house listed on several websites and haven’t had one legit call or inquiry from them. If it’s free, you Realtor should be listing your property on there. Don’t pay twice for the same service. Maybe you could offer what that guy in Wisconsin offered, a life insurance policy paid to buyer if he died in 10 years!
My best advise, make sure you have it priced correctly for the market. It has to show the best in the neighborhood, so if you need help with how to do that, ask your Realtor to have a professional stager come in. You could have a home inspection done and/or buy a home warranty to cover all mechanical for 1 years after buyer purchases.
Best of Luck!
well, along with the real estate man, maybe you could try to sell it too yourself, that way, you could negotigate the price with someone whos interested. its hard these days, by people out of work and the money market is tight. i know you probably hate to, but you might have to drop your price some, unless you at rock botton on what your asking.
You need a realtor.
Only 5% of homes are sold by owner….95% of all homes are sold by Realtors….so if you try to list it yourself, you shut out 95% of the buyers.
If you want to sell it fast, MLS is the way to go and tell your Realtor to also put it on Craig’s list.
Don’t pay one of those FSBO companies, people very, very rarely look at those b/c there are so many out there.
Jackie’s answer makes sense in this market, and I’d offer a slightly lower than market price plus incentives to get it sold. At any rate, while you’re under contract with your agent, you can’t do much else, accept possibly offer a contract for deed deal, or lease/option. These would open you to buyers who may not qualify for a bank mortgage (they’re incredibly cautious now) who have money, but less than ideal credit. In a Contract for Deed, you would take payments from your buyer, which you would turn around and use to pay your mortgage; you’d also ask for a downpayment, which is non-refundable. The buyer has rights to live in the house and make “improvements” but doesn’t get full title to the property untill its paid off. If he defaults, you get the house back. Where I’m from, Minnesota law enables you to foreclose on a Contract for Deed buyer in only two months, rather than up to 1 year for a regular mortgage. Check the laws in your state.
Many people don’t want to consider a lease/option because they don’t want to be landlords. However, one advantage of lease/option over renting is that the tenant buyer is much more likely to keep the property well maintained because they hope to own it in a year or two, and you get a non-refundable option fee.
IMPORTANT!!! Check your buyer’s agreement with your agent. It is most likely an “Exclusive Right to Sell,” which means that the agent gets a commission on the sale of the house, NO MATTER WHO SELLS IT. If uncle Bob says “hey, I’ll buy the house from you at a bit of a discount and save you most of your agent’s commission,” you’ll be in for a suprise.
There are many companies like 123sellyourhouse, though I am not personally familiar with this one. The business I’m building is probably very similar to theirs, as there are only limited ways to buy/sell a house. In my judgment, they will most likely offer you—1) to pay cash, if you have some equity (as from a good-sized down payment–2) to take over your mortgage subject to existing encumbrances in exchange for the deed. They would take over the obligations attached to the property (that is, the mortgage and any other leins) along with title. This is absolutely legal, and happens constantly; however, there is a small possibility that the lender could call the mortgage due –2) possibly Contract for Deed,–3) Lease/Option. In this market, I’d guess the cash offer would be unlikely unless you have considerable equity.