Sell Your Own Home and Save

By
Real Estate Sales Representative with DIR-USA.com

We Buy Houses - Huber Heights OH: Are you unwilling or unable to take your own money to the closing when you sell your house? That’s what can happen in today’s market when house values drop below what is owed to the lender. If someone buys your house for what you owe, or close to it, without a profit (equity) you may need to take your checkbook to the closing of the sale. You’ll need to pay any fees or invoices for inspections and commissions that are due. This can be a factor that actually stops many people from selling.

Sell Your Own Home and SaveThey often must wait until the market recovers before they can sell and at least break even. That’s what can be done as an alternative to selling and losing money. But what about those who cannot wait to sell? What if you must sell because you are moving out of the area or your income has been reduced and you are having difficulty with your current mortgage? You will have to sell now and don’t have the luxury of waiting for the perfect timing to sell your house.

One solution is to avoid fees and commissions by selling the house yourself. You can find lots of resources on the internet to help you sort through all the necessary details. Most of them offer support to guide you through the process and get your listing out to the maximum number of potential buyers. Most people look for houses on the internet before going out physically to look so you’ll want your listing to be where they can find it. For Sale by Owner websites are well equipped with information and logical steps that you can take if you want to sell your own house.

By saving money on commissions to have someone else sell it for you, you will have a little more flexibility at closing time. Calculate what you owe your lender and any fees or penalties you’ll pay for paying off the loan before the allotted time and then find out what you can reasonably expect to receive from a buyer for your house. You can contact your lender to find these figures and get a list of what you might need to pay above what you still owe, if anything. Most loans are written today with a ‘no penalty for early payoff’ stipulation but it wouldn’t hurt to find out for sure.

 

 
We Buy Houses Dayton Ohio Greg Greenwald LLC is a company that specializes in buying and selling houses throughout the Dayton, Ohio area including Troy, Piqua, Tipp City, West Milton, Vandalia, Huber Heights, Englewood, Brookville, Clayton, Riverside, Oakwood, Kettering, Belmont, Centerville, Miamisburg, Fairborn, Greenville, Beavercreek, Bellbrook and more.
If you have a home to sell in Dayton Ohio we can help!
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Anonymous
Anonymous
Anonymous
Haven't seen to many people successfully sell there home without a realtor. Good luck
Sep 25, 2011 09:22 AM #1
Rainmaker
573,698
Phil Leng
Keller Williams Eastside Market Center - Kirkland, WA
Phil Leng Team - Residential Real Estate Experts &

Is active rain a community of real estate agents?

This is not an agent, it is an investor, using the forum to have sellers avoid real estate agents.

I object

Phil

Sep 25, 2011 09:44 AM #2
Rainmaker
93,819
House Selling Tips
DIR-USA.com - Winter Haven, FL

I guess you object to for sale by owner, short sales and subject to? Maybe you should learn more about how to be a real estate investor and use it in your stratagies. A great place to start is with Pete Gauthier, a very well known and respected Real Estate investor in Maryland. http://www.flippinghomes.com/blog/category/peter-gauthier

To bad you bash real estate inverstors instead of using them. As a real estate agent in Maryland, we use investors all the time to help buy and sell more houses.

just sayin'

Sep 25, 2011 09:48 AM #3
Rainmaker
93,819
House Selling Tips
DIR-USA.com - Winter Haven, FL

Oh, and Greg is an Agent as well, you should connect. http://www.greggreenwald.com

Sep 25, 2011 09:50 AM #4
Rainer
187,304
Thomas McCombs
Century 21 HomeStar - Akron, OH

Investors can be very good at beating down the price of the house they want to buy from you.

It may not be an even playing field. Just as you can represent yourself in court, you can represent yourself in the sale of your house.

There are those who are very good at representing themselves but most are not, so the cost of being unrepresented can be substantial.

It is a cost/benefit analysis, and it is often difficult to quantify either the cost or the benefit.

But as a Realtor and an investor myself I am convinced that I can usually buy a house cheaper from an unrepresented seller.

Sep 25, 2011 10:12 AM #5
Rainmaker
93,819
House Selling Tips
DIR-USA.com - Winter Haven, FL

Yes, and investors can be very good at moving properties that DON'T sell or WON'T or AREN'T selling. There a many situations where people need to sell a house fast where a Real Estate Agent won't even waste their time. Using an Investor can be a WIN-WIN for both.

If people want to think that is taking advantagte of people, then they should ask the people that were in these situations and used a qualified Real Estate Investor to help. They are quite gratefull.  

Sep 25, 2011 10:17 AM #6
Rainer
7,186
Greg Hancock
Prudential One Realtors - Dayton, OH

It's actual fact that on average, sellers who use a professional Realtor actually net more, and sell the home in the seller's needed time frame. I see many, many homes expire and never sell when a FSBO goes it alone, especially in this market with so many more buyers than homes.

And I work with a ton of investors, and as a professional realtor, I list from total 'need to be stripped down to the bones, sell it for 10,000 or less homes, to moderate priced homes, to luxury homes. True some realtors won't help a lower priced seller, but many will.

Interesting thread.

Nov 03, 2011 06:07 PM #7
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