What is FSBO?
Learn the benefits of FSBO and just how you can find out how to sell your house without a realtor. There are more benefits than just keeping the commission money in your pocket, this informative article will tell you more of them. PollPopularArchiveMay 2007 (20)April 2007 (14)March 2007 (6)February 2007 (9) |
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| 28 March 2007 |
Category: Articles |
With all the news about a down housing market, and people having trouble selling their homes, it may be discouraging you from selling your house FSBO (For Sale By Owner). But in fact, it's the best time to sell your house FSBO because it will help you maximize your profits by not having to pay commission to a real estate agent. Here are some tips to help you get past your hesitation and gain a heftier profit along the way. |
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Views: 283 | 
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| 1 March 2007 |
Category: Articles |
Many people are realizing that selling your house FSBO not only saves you money on commission you would have paid an agent, but it also quickens the sale of your home. Most people don't think that it would, but once you break down the what and the why of the matter, you can see just how selling your house FSBO can bring you more profit and sell your home quicker than going through an agent.
This is the main reason why selling FSBO can bring you a quicker transaction. If you sell through a real estate agent, you have to pay a 6 percent commission on the sale of your home. So if you have a $250,000 home, that's $15,000 in profit right there that goes to the agent. But of course you want to retain all or most of that profit for your work if you sell FSBO.
But what happens if you pass some of that money on discounting your home for a quicker sale? Instead of selling it for $250,000, you can sell it for $245,000. Now buyers are looking at your home selling for $5,000 less than another home selling for $250,000 in your area that's the same as yours. Every little bit matters in home buying, especially if it means that they basically will save on closing costs at closing.
Keep in mind that before you think about the discount, measure up the home market in your area and see how fast homes are selling. If it's still a hot market, you might not want to give a discount if you think it'll sell at your asking price. But having this option in a slower market gives you a better hand in competing against others in your area. |
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Views: 281 | 
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| 1 March 2007 |
Category: Articles |
People come to the conclusion that they want to own their own home many different ways. Sometimes it's from bad experiences with renting out properties, dealing with shoddy landlords, having trouble renting with pets, having a friend who bought their own home talk it up all the time, or someone giving you advice on how renting is throwing money away. All of these statements are valid in their own way, but how do you figure out if you're ready to own a home of your own? You might have to deal with the fact that you don't have someone to turn to when something breaks in the house. You have to do your own repairs and maintenance. You have to purchase and replace appliances and flooring and anything else your house needs. Sometimes, if you're not prepared for it, it can be an immediate financial drain on you. |
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Views: 260 |
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| 15 February 2007 |
Category: Articles |
If you’ve ever sold a home, or even thought about selling your home, then you probably know the dilemma. Hire an agent and give up 6% of your hard earned home equity??? Or do you try to save money by doing it yourself, even with the mortgage payment clock ticking?
Maybe you have an aunt Mary, or an uncle Jack, and so the choice is a simple matter of family politics. Or a high school buddy, who you once promised that if you ever sold your house you would give them a call. |
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Views: 374 |
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| 15 February 2007 |
Category: Articles |
Simple guide from financial experts, you should not refinance your house unless the market rates are approximately two percent below your original mortgage lock in rate. But, there are many re-financiers take advantage of one and a half or even one and a quarter percent differences in the refinancing rate. It may be worth if the principal of your loan is high, relative to the costs of refinancing. Let consider some of the scenarios in which it's wise to refinance your house |
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Views: 308 |
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| 15 February 2007 |
Category: Articles |
Job cuts in the mortgage industry go hand-in-hand with decreased home buying and building numbers. With many companies trying to adjust to the stalling market, jobs seem to be dwindling. Wells Fargo Home Mortgage, for instance, has eliminated several positions from across the country this year. The company has not specified exact numbers, but said that some employees not needed in the mortgage sector have been transfered to other business lines. “Our long-standing commitment is to retain as much talent as we can,” said Lynn Greenwood, a senior vice president for Wells Fargo. Industry experts say that job cuts are unavoidable in a slowing market. Most analysts predict that there will be more cuts in the coming months. |
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Views: 414 |
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| 15 February 2007 |
Category: Articles |
With so many new real estate tools at ready disposal, it’s no wonder that many sellers elect to avoid the cost of an agent by attempting to sell their own properties. You have seen the signs, For Sale By Owner (FSBO), and indeed this may be an attractive alternate method of selling your home. An agent’s commission is among the largest expenses involved in real estate transactions — usually in the neighborhood of 6%. This is not an unreasonable sum, considering the degree of expertise and assurance a real estate agent can provide. Still, many savvy investors see an agent as just another roadblock on the path to financial success. They choose instead to plug themselves into the system, in order to maximize their profits. Here are some things to consider |
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Views: 465 |
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| 15 February 2007 |
Category: Articles |
According to the California Association of Realtors (one of the country's largest realty trade organizations) in a recently released report, "Nearly 80% of all first-time homebuyers used the Internet as a significant part of the home buying process..." This report hammers home the importance of using the Internet to secure a buyer for your home. The report goes on to say that Internet buyers conducted more research when they began their home buying process. Further, it provided some interesting statistics: |
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Views: 438 |
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