COMMUNITY FORUM

CIWS

02:31PM | 01/05/04
Bvrealestate
I was wondering the some pros and cons of selling my home myself. Also, is there any info available online. Thanks.

devildog

09:08AM | 01/08/04
Member Since: 09/16/02
250 lifetime posts
I'm not a real estate agent, but here it is. When I tried to sell my home I found that advertising was next to impossible. Buyers pickup the free home magazine which has the companies selling the house or they go online to find a nice house. I believe you're kind of out there on your own when you try to sell your house.

Some people don't feel comfortable buying from someone who doesn't do this for a living.

The real estate people know how to wrap the deal up. You will be in charge of all that.

It may take a lot longer.

The pros are:
You can find out what people like or dislike about your house.

Cheaper.
www.forsalebyowner.com I think was a website to help you, but you may want to do a search for one in your city.

I hope this helps.

Devildog


lowrateonline

05:35AM | 02/16/04
Member Since: 02/15/04
2 lifetime posts
I actually hold a real estate license in Michigan, but am definately not opposed to selling your home on your own.

I also am a mortgage Banker, and have a few tid bits of advice as far as the mortgage end goes.

You will need to find a title company on your own to do the closing. They all charge different fees so shop around for those as well.

Also, make sure you get a mortgage pre-approval from the purchaser. There is nothing worse than getting to the day of the closing and the person buying the house can't secure any financing.

Just a few suggestions. If you have any more questions e-mail me at ehagstrom@lowrateonline.com.

hammerman

04:43AM | 02/23/04
Member Since: 07/02/03
30 lifetime posts
"You will need to find a title company on your own to do the closing. They all charge different fees so shop around for those as well."

Why does the seller have to find a title company? Everytime I purchased house I've gotten the title company and paid the fees. That is not the sellers responsibility.


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