Spamdex - Spam Archive

Report spam

Send in your spam and get the offenders listed

Forward the spam you receive to questions@spamdex.co.uk

Also in google.com

Free Money Finance

Free Money Finance


Selling Your Home Without a Realtor in 2016: A Guide for the Motivated Property Seller

Posted: 12 Jun 2016 02:05 AM PDT

The following is a guest post from Sacha Ferrandi. He has spent the last 12 years funding real estate investments and building his real estate lending firm. As Founder and Principal of Source Capital Funding Inc., Sacha is an expert in both residential and commercial real estate.

Looking to make a move soon? Recent trends have seen homeowners electing to sell their homes themselves by forgoing the realtor middleman, and for good reason. Selling a home can save homeowners around 6 percent of the price of their home. Let’s put some numbers on this: Say your home is worth $500,000—you can save up to $30,000—definitely not chump change.

With this said, selling your own home isn’t always the right decision. This difficult process is a fulltime job; from paperwork to legal regulations, selling real estate takes a lot of time, patience and effort. This guide gives details on the selling process so you can determine if this route is right for you.

Home Preparation

In order to sell your home, you’ll need to work on getting it buyer-ready:

  • Pick a season in which to sell; this can vary based on neighborhood, but generally speaking, homes are sold mostly between spring and summer.
  • It’s important to make sure your home is immaculate, from the inside out. Clean as much as possible, plant in the front to improve curb appeal—it can increase your property value by over 10 percent on average—and apply a fresh coat of paint.
  • Keep your home décor neutral and inviting; allow any shopping families to imagine their own décor and memories being made in the space.
  • Before selling, you may need various certificates, so speak with local county officials and determine exactly what’s required; it could be an occupancy certificate or fire check inspection. The investment of time and money now will definitely pay off down the road when you have an interested buyer.

Before posting your home for sale, you’ll need to do plenty of research on comparable listings and sales in your immediate neighborhood. If you want to be more exact about your home’s value, it’s always a good idea to hire a professional appraiser. On average, an appraiser visit will cost between $300 and $400. We suggest checking certifications and experience when choosing an appraiser, as a false appraisal can impact a sale. A buyer may request an additional appraisal; should a large discrepancy be found, you might find that problems arise with their lending company. Check out this article for more information on appraisals.

Legal Processes

There are many legal ins and outs of the process, so it’s a good idea to hire a lawyer that can help file the proper forms and keep you on the right side of the law. You’ll need to do research on the actual FSBO laws in your town. Regardless of the laws, we suggest you have the following reviewed by a lawyer as FSBO sellers are not often covered by Errors and Omissions Insurance:

  • Disclosure forms such as previous fires, floods, lead paint, etc.
  • Buyer’s Agents agreements
  • Final Purchase Agreement

When it Comes to Listing

You’ll want to list your post online through a site that gets the most traffic—cue the MLS. This is considered to be, by and large, the most comprehensive and detailed list of real estate available in the United States. It’s generally available to realtors, but in some areas, buyers can also access this site. There are certain services that make it possible for individual sellers to post their homes on the site, usually at a fee of a couple hundred dollars. In your listing, be sure to put together a list of updates and improvements you have installed in the home and list by date and cost. This will give buyers the most comprehensive look at the true value of your home.

Market Your Home

Marketing your home is not the same as listing it. Create professional advertisements; if you don’t have graphic design experience, utilize services like Upwork and 99designs that will put you in contact with inexpensive freelance designers. You’ll want to place your advertisements on sites like Zillow and Realtor.com and place physical copies in local neighborhood coffee shops and the like. The more visibility your ad has, the better chance you’ll have at a profitable sale. Before posting your advertisements, prepare important information about the commuting details in your area, the school system, and local amenities. This prepped knowledge will have you ready to field questions when open houses come around.

Hold an Open House

Instead of hosting hundreds of personal home showings, hold an open house once or twice a month. Leverage local newspapers or the popular FSBO sites like Hotpads, Trulia, Realtor.com, etc., to increase turnout. You might be overwhelmed at the aspect of fielding multiple prospective buyers, but remember that competition will make your home more desirable. Channel your inner salesman: highlight the top selling points of your home, such as bedrooms, yards, schools, and privacy factors, but do so without being too over the top. Be polite, use positive words and highlight your home neutrally, and never lie to or argue with a prospective buyer.

Receiving an Offer

Once all goes well with your open home showings, you should get an offer. Do not accept a verbal offer and if a buyer needs a contact, have them ready to send over; you can even print them out and have them available for ease at the open house. When you do receive an offer, you’ll have the option to reject, revise, or accept off the bat. Don’t be surprised if this process requires multiple revisions of the terms between sellers and buyers. Above all, never negotiate without a written offer.

Accepting an Offer

Make sure each offer has a mortgage pre-approval from a lender as well as an earnest deposit check of between 1-2% of the accepted price. Monitor any contingency offers as they can be a headache (contingency of buyer selling their own home, contingency of another property inspection, etc.), and always be sure to include a contingency of attorney approval from your side. Make all 2-3% earnest deposits nonrefundable. There can be exceptions, such as a failed inspection or new information left out of the disclosure, but without a deposit, a buyer can back out at any time and leave you with nothing. Last but definitely not least, always be sure that the buyer has obtained Buyer’s Title insurance.

Buyers Inspection and Bank Appraisal

First time home buyers can be shaky during inspection. Take the lead and talk with them about any issues to help ease their nerves during the buyer’s inspection.

There are considerations to take into account if your buyer is purchasing the home using varied types of loans. If your buyer is taking out a FHA loan, you can’t seek a second appraisal for a period of at least six months, even if you’re later approached by another buyer. If they intend on taking out a conventional loan and putting down 20 percent or less, they will not receive approval for a loan if your home doesn’t appraise for at least as much as they offered. If the bank appraisal is low, you may be forced to lower your selling price.

When you finally depart your home for the last time, make sure it’s in the condition specified in your contract. This might mean having your water meter read one last time, cleaning and wiping down cabinets, running a duster through the blinds, or any other provisions that the buyers might have stipulated.

Finally, make your move and rejoice over your new sale!

Then, if you are looking to buy a new house, do it in a way that allows you to pay off your mortgage in 10 years!

Note: Keep in mind that this article is not meant to represent legal advice. Consider this a jumping off point for making the decision to embark on the arduous journey of selling a home. Make sure you’re ready to sell before taking any additional steps.


---------------------------

All titles, content, publisher names, trademarks, artwork, and associated imagery are trademarks and/or copyright material of their respective owners. All rights reserved. The Spam Archive website contains material for general information purposes only. It has been written for the purpose of providing information and historical reference containing in the main instances of business or commercial spam.

Lets beat spam together
Many of the messages in Spamdex's archive contain forged headers in one form or another. The fact that an email claims to have come from one email address or another does not mean it actually originated at that address!
Please use spamdex responsibly.


Yes You! Get INVOLVED - Send in your spam and report offenders

Create a rule in outlook or simply forward the junk email you receive to questions@spamdex.co.uk | See contributors

Google + Spam | 2010- 2017 Spamdex - The Spam Archive for the internet. unsolicited electric messages (spam) archived for posterity. Link to us and help promote Spamdex as a means of forcing Spammers to re-think the amount of spam they send us.

The Spam Archive - Chronicling spam emails into readable web records index for all time

Please contact us with any comments or questions at questions@spamdex.co.uk. Spam Archive is a non-profit library of thousands of spam email messages sent to a single email address. A number of far-sighted people have been saving all their spam and have put it online. This is a valuable resource for anyone writing Bayesian filters. The Spam Archive is building a digital library of Internet spam. Your use of the Archive is subject to the Archive's Terms of Use. All emails viewed are copyright of the respected companies or corporations. Special thanks: We would like to thank Benedict who is a SEO Consultant who has freely given up his time to advise us on how best to maximise on our organic search traffic strategy and also for his wonderful creative vision on how to spread the word about Spamdex and how we try to combat spam across the globe. Click here for more information.

Our inspiration is the "Internet Archive" USA. "Libraries exist to preserve society's cultural artefacts and to provide access to them. If libraries are to continue to foster education and scholarship in this era of digital technology, it's essential for them to extend those functions into the digital world." This is our library of unsolicited emails from around the world. See https://archive.org. Spamdex is in no way associated though. Supporters and members of http://spam.abuse.net Helping rid the internet of spam, one email at a time. Working with Inernet Aware to improve user knowlegde on keeping safe online. | Link to us | Terms | Privacy | Cookies | Complaints | Copyright | Spam emails / ICO | Spam images | Sitemap

Important: Users take note, this is Spamdex - The Spam Archive for the internet. Some of the pages indexed could contain offensive language or contain fraudulent offers. If an offer looks too good to be true it probably is! Please tread, carefully, all of the links should be fine. Clicking I agree means you agree to our terms and conditions. We cannot be held responsible etc etc.

The Spam Archive - Chronicling spam emails into readable web records

The Glass House | London | SW19 8AE |
Spamdex is a digital archive of unsolicited electronic mail 4.8 out of 5 based on reviews
Spamdex - The Spam Archive Located in London, SW19 8AE. Phone: 080000 0514541.