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Selling a House FSBO

Posted: Wed Mar 02, 2011 9:02 am
by edub20
Anyone have any pointers or direction on advertising/selling a house yourself. I know about the typical listing sites like Zillow, FSBO, MLS...

It's finally time for an upgrade/up size from the newlywed house. This is the first one that I have had to sell and am going to try to do it myself.

I just had it landscaped and all prettied up for any potential buyers. I know first impression means a lot to house hunters.

Thanks for any input...

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 9:47 am
by mudsucker
I have bought and sold "By Owner". It is not a big hassle but you need to read up on it and have your ducks in a row. Where you stay(as they say)? I may can get the word out that you be selling.

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 9:52 am
by AMoore141
What are some of the ducks that need to be in a row? I'm actually about to embark on the same journey. Gonna be putting mine on the market soon too in Madison......

Thanks...

Adam

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 9:55 am
by edub20
mudsucker wrote:I have bought and sold "By Owner". It is not a big hassle but you need to read up on it and have your ducks in a row. Where you stay(as they say)? I may can get the word out that you be selling.
Orchard View, it's off of hwy 471 just before luckney if you're heading towards 25. I'll PM you one of the listings...


Looking at several houses in Cwink's area. We're busting out of the seems in our house and have to up size before having baby # 2

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:10 am
by cwink
edub20 wrote:
mudsucker wrote:I have bought and sold "By Owner". It is not a big hassle but you need to read up on it and have your ducks in a row. Where you stay(as they say)? I may can get the word out that you be selling.
Orchard View, it's off of hwy 471 just before luckney if you're heading towards 25. I'll PM you one of the listings...


Looking at several houses in Cwink's area. We're busting out of the seems in our house and have to up size before having baby # 2

We will sell you ours... :D :D :D

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:15 am
by JMallard
I'm a banker...so take that for what its worth. Unless you live in a HIGHLY desirable market, with easy turnover, get a realtor. I see FSBO stuff a good bit, and it is always a cluster17. Will save you time, hassle, and it will be done right. Just get a good one, not your church buddy or your friends sister n' law.

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:16 am
by edub20
cwink wrote:
edub20 wrote:
mudsucker wrote:I have bought and sold "By Owner". It is not a big hassle but you need to read up on it and have your ducks in a row. Where you stay(as they say)? I may can get the word out that you be selling.
Orchard View, it's off of hwy 471 just before luckney if you're heading towards 25. I'll PM you one of the listings...


Looking at several houses in Cwink's area. We're busting out of the seems in our house and have to up size before having baby # 2

We will sell you ours... :D :D :D
Is it listed for sale?

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:22 am
by cwink
Nope.. But my wife and I have been talking about.

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:23 am
by SHANE704
unless you dont mind paying 6% to the broker, i would definitely FSBO. Sign in yard, ads in local paper, make some fliers and put them in visible locations, and the biggest seller of all...word of mouth! just get a good clear contract drawn up and have both parties clear of what expected before signing (ie, who is paying closing cost, how long you have to get all of your stuff out, etc).

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:34 am
by Bankermane
SHANE704 wrote:unless you dont mind paying 6% to the broker, i would definitely FSBO. Sign in yard, ads in local paper, make some fliers and put them in visible locations, and the biggest seller of all...word of mouth! just get a good clear contract drawn up and have both parties clear of what expected before signing (ie, who is paying closing cost, how long you have to get all of your stuff out, etc).
Most buyers have figured out the 6% savings and will deduct that first from their offer knowing you will be saving that amount.
I'd go with a realtor. They know the market and what they can get plus have a list of buyers.

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:41 am
by Faithful Retrievers
DECLUTTER YOUR HOME, if your sure you want to sell go ahead and store alot of your stuff. I thought I could save and sell myself when I left Jackson, but the realtor got more than I would have which paid for her services. I can look up her name if you want it and would recommend her. I would give it a shot fsbo for a few months for a quick sell.

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:43 am
by SHANE704
get an appraisal before you set a price...a $4-500 can save you thousands

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:46 am
by edub20
SHANE704 wrote:get an appraisal before you set a price...a $4-500 can save you thousands
Done, ahead of the game :D

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 10:54 am
by stang67
JMallard wrote:I'm a banker...so take that for what its worth. Unless you live in a HIGHLY desirable market, with easy turnover, get a realtor. I see FSBO stuff a good bit, and it is always a cluster17. Will save you time, hassle, and it will be done right. Just get a good one, not your church buddy or your friends sister n' law.
Ahh a 6pack reader, I see. :D

Re: Selling a House FSBO

Posted: Wed Mar 02, 2011 11:27 am
by eSJay
I've sold every house we've ever owned by owner & it has always worked well for me except for the time the buyers insisted on having a realtor "help" them. Even then, it worked out, but the Realtor caused unnecessary stress during the process. My experience with Realtors have never been pleasant!
shoot me a PM with your e-mail & I'll be glad to share the forms & everything with you as well as give you other advice.
sj