Selling your own home.....

[Colleen]

I wasn't quite sure where this post should go so I hope it's OK to ask this question here.

Has anyone had any experience with selling your own home? If you have, what advice can you offer? Was it a headache or did it go well?

I did some research several years ago but we've never tried it. Hubby was always afraid to try it. Do you need a real estate attorney to get all the paperwork correct?

I'd appreciate any suggestions or tips.

 

[Gary O']

Depends on the condition of your place.
There's other factors that can come into play

but

I've been successful with about a dozen transactions, but most were bare land.

Anyhow, a good title insurance guy can move you thru the transactions and thru closing rather deftly.

For me, the headache has always been showing the place

My places were out a ways, so many empty miles logged

also, tons of calls, emails

Again, it can be doable, but, even though it seems realtors shuffle a few papers for their money....


IT'S WORTH IT!!

 

[StarSong]

You could offer a local broker a reduced commission percentage if he/she will shepherd the paperwork portion through the appropriate channels. I'd be nervous about doing this all on my own - there are a lot of sharks out there for whom "for sale by owner" is blood in the water.

Consumer reports has some pretty good tips on selling your own home:
https://www.consumerreports.org/selling-a-home/tips-for-selling-your-home-without-an-agent/

 

[cookiei]

I had tried MLS flat listing about 5 yrs ago and if I remember correctly I paid about 0.7% listing fee. All potential buyers interested in the house had buyer agents who showed it and I had a lock box to access it without me being there. If buyers didn't have agents I wouldn't mind showing. When I listed it, the system asked what % I wanted to pay buyer agent. It would be hard to sell without paying buyer agent fee. Closing was completed at buyer's title insurance office. I've bought and sold a few properties and all were closed at the title insurance offices. Not sure if the persons handled the paperwork were real estate attorneys but I didn't ask. I've heard in some other areas a real estate attorney is needed.

 

[Aneeda72]

We just sold our house used a real estate agent. I can not imagine not using an agent. They charge 6% here. The money is split between the agent listing the house and the agent of the people buying the house. Selling a house is very stressful.