Sell My House
If you are looking to sell a house without a realtor, you are known as a "FSBO" seller. FSBO stands for the phrase ‘for sale by owner.’ Although FSBO sellers have always existed, they have become much more prevalent in the last few years due to two primary factors.
Hot Real Estate Market
An insanely hot real estate market has made realtors somewhat irrelevant in many parts of the country. For instance, homes in San Diego, California were known to be on the market for less than two weeks on average in early 2005. Keep in mind, this was the average time it took to sell a home including the run down messes. In such a market, many homeowners started wondering why they were paying six percent commissions to a realtor who didn’t have to do much.
Internet Use
The creation of FSBO real estate listings sites has exploded over the last three or four years. As buyers and sellers became more familiar with these sites, they often searched online for homes instead of driving areas with a realtor. This resulted in sellers wondering why they should pay a commission of 6 percent to a realtor when a site like fsboamerica.org only charged $25 a month to list a home on the site. Many couldn’t come up with a reason.
No Realtor
The decision to sell you house without a realtor is one you should make carefully. If you’re comfortable with the sales process, going FSBO makes all the sense in the world. If you’re not comfortable with the negotiating process, then you may want to consider using a realtor. Ultimately, your first step should be to buy a FSBO book in your local bookstore or visit a FSBO site and read up on what is involved.
By: Raynor
Raynor James is with the FSBO site - www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page - www.fsboamerica.org/seller.cfm - to sell your house yourself with a free 1 month listing.
Their homes are on the market but are not selling. That’s exhausting and discouraging! They want to know a few things: why isn’t my home selling? why did another home sell, rather than mine? what do I need to do for my home to sell?
Who gets help from the mortgage plan?
My plan is to sell my current home, of which I own about 70%, and take that cash to buy a different house that would better suit my needs as I age, etc… I realize that it may be impossible to sell my house in the current market.
I purchased my house in 2004 for $620k in California. 0 down. I had 2 loans (1st and 2nd). I went through a refinance in 2005 and as of today, My first loan is $556000 with citi mortgage. Its a 7/1 ARM @ 5% interest only. … Borrowers who owe up to 5 percent more than their home is worth can qualify. I think if I were to sell my home today I will be selling it for close to $530k. Will I be eligible for Refi or loan modification under Obama’s plan.
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