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Started By
Message
Do’s/Don’t’s tips for selling house by owner?...
Posted on 4/16/21 at 7:58 am
Posted on 4/16/21 at 7:58 am
Looking at putting our house up for sale in the next month or so… We’ve been in the process the last couple of months of getting it ready for buyers to look at and have just a few items left.
Just looking for tips on the best way to do this... we’ve been in this house for 19 years and just don’t see the point in giving a realtor a few thousand dollars when it looks like houses are selling extremely quick in our area.
Any info would be appreciated. One concern is how to figure out if a potential buyer is qualified for a loan.
North Bossier area...House is a little over 2200 square feet and 3 houses within a half mile of me have sold between $126-$133/sq. foot in the last month and were only on the market for less than a month each.
Just looking for tips on the best way to do this... we’ve been in this house for 19 years and just don’t see the point in giving a realtor a few thousand dollars when it looks like houses are selling extremely quick in our area.
Any info would be appreciated. One concern is how to figure out if a potential buyer is qualified for a loan.
North Bossier area...House is a little over 2200 square feet and 3 houses within a half mile of me have sold between $126-$133/sq. foot in the last month and were only on the market for less than a month each.
This post was edited on 4/16/21 at 9:19 am
13
Posted on 4/16/21 at 8:16 am to marcnbc
Pre-approval letter would be a start for finding qualified buyers. That doesn’t guarantee they can get the loan (found that out first hand).
Posted on 4/16/21 at 8:18 am to marcnbc
I used FSBO a couple of years back and gave a 2% commission to realtor that brought the buyer.
Posted on 4/16/21 at 9:14 am to marcnbc
1) Ask for pre-approval letters before a showing
2) Get ready for realtors to bombard you
3) Have a closing attorney lined up so the process can move quickly.
4) If you are not good at taking pictures for the listing, get someone else to take them.
5) Be prepared to pay the buyer's realtor a commission
2) Get ready for realtors to bombard you
3) Have a closing attorney lined up so the process can move quickly.
4) If you are not good at taking pictures for the listing, get someone else to take them.
5) Be prepared to pay the buyer's realtor a commission
Posted on 4/16/21 at 9:18 am to marcnbc
bro, take cash only offers with no inspections only! 
Posted on 4/16/21 at 9:19 am to CoachChappy
quote:
4) If you are not good at taking pictures for the listing, get someone else to take them.
This.
Also, learn how to "stage" your house properly. I can give you the name of a guy to come do pictures. He's out of south shreveport. He does the whole drone flying videos.
Posted on 4/16/21 at 9:22 am to CoachChappy
quote:
If you are not good at taking pictures for the listing, get someone else to take them.
I was coming to suggest this, take good pictures, you'll likely need a camera with a wide angle lens. I hated when we were shopping for houses and I'd come across a FSBO that they'd taken crappy pictures with an iPhone. Those houses with crappy pictures always sat way longer.
Posted on 4/16/21 at 9:47 am to CoachChappy
Sold our house 2 years ago and we asked for pre-approval letters. The buyer's financial institution where they were getting their loan lined up a closing attorney. Basically all we did was stage our house, took pics, and asked for a letter. The buyer lined up the home inspection, closing (due to lender), and anything else. Was very easy on our part... and the buyers part
Posted on 4/16/21 at 10:06 am to marcnbc
I bought my current house last July. It was FSBO. I sold my other house last month FSBO. It didn't take any time to sell, I just put off getting it ready to sell. I posted on FB that it was ready to sell and had a contract on it the next day. FSBO was way easier than I thought it would be. I paid a realtor 1K to do the contract. The realtor took care of the contract and turned over info to title company. The title company took care of everything else.
Here's an outline of my situation:
Obtained a buyer and we agreed on a price. I sent the price info to the realtor. He filled out the contract
Realtor sent us the contract online and we both signed online.
Buyer had an inspection done and wanted a few small items fixed. Realtor amended the contract. I agreed to fix them and signed the amended contract.
Buyers loan audit cleared a few weeks later and we were ready to close.
I went to the title company and signed the paperwork and the money was wired to my bank.
In my case things went smoothly. I think the main thing is just agreeing to terms with the buyer. As long as their loan works out, it should be easy.
Here's an outline of my situation:
Obtained a buyer and we agreed on a price. I sent the price info to the realtor. He filled out the contract
Realtor sent us the contract online and we both signed online.
Buyer had an inspection done and wanted a few small items fixed. Realtor amended the contract. I agreed to fix them and signed the amended contract.
Buyers loan audit cleared a few weeks later and we were ready to close.
I went to the title company and signed the paperwork and the money was wired to my bank.
In my case things went smoothly. I think the main thing is just agreeing to terms with the buyer. As long as their loan works out, it should be easy.
This post was edited on 4/16/21 at 10:09 am
Posted on 4/16/21 at 10:16 am to marcnbc
If you know X,Y,Z is in not great shape... (ex: fence or something)... then put that shite as is in the acceptance counter.
Posted on 4/16/21 at 10:27 am to CoachChappy
quote:
1) Ask for pre-approval letters before a showing 2) Get ready for realtors to bombard you 3) Have a closing attorney lined up so the process can move quickly. 4) If you are not good at taking pictures for the listing, get someone else to take them. 5) Be prepared to pay the buyer's realtor a commission
Pretty much all of this. We did this through the summer last year and went under contract in mid august. It’s work, but my wife (no pics) works for a title company and had some realtor friends to help her out. Her job was flexible enough to be able to leave for a showing if necessary. Our buyer didn’t use a realtor either which saved us more money but was also a huge pain in the arse. If you’re willing to do a little extra work, you can save a decent amount of money. And pay someone to take pictures. It made a huge difference.
Posted on 4/16/21 at 2:01 pm to marcnbc
In this market, just increase your desired cost by 10% and let a realtor handle it. You certainly can sell by yourself, but the paperwork can be a bitch.
Posted on 4/16/21 at 2:38 pm to YOURADHERE
Imoto.com is the best photo option if you're going by owner. You may want to look into flat fee listing services to access the MLS also and you'll want/need to pay a buyers agent if you want to move the house. Be sure to put 'agents protected' in your listing.
I have used twice in the last year WiseMove in greater New Orleans who've been great as a flat fee broker and am using them now also.
I have used twice in the last year WiseMove in greater New Orleans who've been great as a flat fee broker and am using them now also.
Posted on 4/16/21 at 9:34 pm to marcnbc
How fast are houses selling in the area ?
Why are you selling?
Where are you going to live?
What’s the inventory like where you want to live??
Don’t piss away your equity in the market you may get burned
Why are you selling?
Where are you going to live?
What’s the inventory like where you want to live??
Don’t piss away your equity in the market you may get burned
Posted on 4/16/21 at 10:45 pm to marcnbc
Make sure you have it priced for maximum profit.
Some people do not do this when selling themselves.
Some people do not do this when selling themselves.
Posted on 4/17/21 at 12:01 am to ItzMe1972
quote:
Make sure you have it priced for maximum profit.
Some people do not do this when selling themselves.
But, don't overprice it either and it sits. Got to find that sweet spot.
Posted on 4/17/21 at 6:17 am to marcnbc
Pay someone to come over and stage it. Worth it's weight in gold.
And as someone else said, use a bad arse photographer.
And as someone else said, use a bad arse photographer.
Posted on 4/17/21 at 10:19 am to LSUfan20005
I've found that people on this site are so anti realtor. I don't get that. frick doing everything on my own. When I sold my house five years ago, it was nice to have a lady doing all the leg work for me while I was at work. I don't have time to do all that she did.
Posted on 4/17/21 at 5:17 pm to marcnbc
In today’s technology filled world agents job has changed from marketing to primarily negotiating and getting you through all the paperwork and process..... be careful as their are quite a bit of steps and potential consequences if you do not do correctly
Posted on 4/17/21 at 5:31 pm to marcnbc
I'd suggest paying one for those flat fee places to get MLS. Otherwise you're going to get 100's of calls from agents trying to get your listing. It only costs a few hundred bucks and you'll get 5 to 10x the exposure. It's worth it.
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