FSBO vs. Listing With A Professional
Should you hire a real estate professional or can you attempt to sell your home on your own? Real estate commissions usually range from 4% to 7% of the sale price. That can be a substantial incentive to do it yourself. But are you really qualified? Here are some questions to ask yourself before making the decision to list For Sale By Owner (FSBO)...
- Wht is the current real estate market condition in my area?
- What is the correct value to sell my home for in today's market?
- How long will it take to sell?
- Should I advertise? When, where, and how much will it cost?
- Am I prepared to take phone calls at all times to respond to inquiries?
- Can I identify the qualified buyers from th "browsers"?
- Am I willing to show my house during work days, evenings and weekends?
- Do I mind being alone in the house with a complete stranger?
- Can I negotiate realistically and impartially?
- Can I assist a buyer with financing information?
- Do I understand seller financing,second mortgages, and other financing variables?
- Am I familiar with the requirements of real estate disclosure law?
- Do I understand all aspects including title insurance, legal descriptions, termite inspections, home warranty, taxes, easements, liens, trust deeds, etc.?
- Am I preparerd to handle the final walk-through with the buyer and settle disputes before closing?
- Do I know how to complete all of the contracts and paperwork?
- Would I prefer to say "Please call my agent"?
The Home Selling Process:
FSBO vs. Listing with an Agent
Selecting the Right Agent to List Your Home
Preparing Your House for Market
Open House Preparation Checklist
Escrow for Sellers & Buyers
Escrow Flowchart
The Title Company's Role
Lender Assistance to the Seller
Disclosures in Real Property Transactions
The Appraisal
Inspection & Home Warranty
Federal & State Withholding Regulations
Capital Gains
Closing Costs
Moving Checklist
Glossary of Terms
