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Post by NotMyKid on Apr 14, 2008 13:54:00 GMT -6
We are getting ready to put our house on the market and have been told by several people that it's pretty easy to do. My lawyer said the same thing.
Any tips, success, or horror stories?
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Post by NOTTHOR on Apr 14, 2008 13:58:06 GMT -6
We are getting ready to put our house on the market and have been told by several people that it's pretty easy to do. My lawyer said the same thing. Any tips, success, or horror stories? 99% of realtors in a recent survey said that your idea is a bad one. |
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Post by Chuck Storm on Apr 14, 2008 15:45:10 GMT -6
We are getting ready to put our house on the market and have been told by several people that it's pretty easy to do. My lawyer said the same thing. Any tips, success, or horror stories? Honestly, it depends on the market. I used to work with a guy who lived on Chicago's North Side who put his house up for sale by owner. He put the sign up one day after he got home from work. A couple hours later, he was outside in front of the house putzing around and some guy walks by, whips out his cellphone and starts talking to someone about how the house is on the market. The guy I work with got a call the next day and sold the house shortly thereafter. You can do that in hot markets. It's tougher in slower markets. Re tips - Biggest one is to price it reasonably. When I bought my house, there was a house in the same neighborhood that was for sale by owner that was almost the same as the one I ended up buying. When I called them to ask about it, the dumbasses wanted $50K more than the one I had just looked at. They eventually ended up listing with a realtor and selling for approximately what I bought mine for. Oh yeah, and be sure to check people out before they come through. Good luck. |
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Post by NotMyKid on Apr 14, 2008 15:51:05 GMT -6
We are getting ready to put our house on the market and have been told by several people that it's pretty easy to do. My lawyer said the same thing. Any tips, success, or horror stories? Re tips - Biggest one is to price it reasonably. When I bought my house, there was a house in the same neighborhood that was for sale by owner that was almost the same as the one I ended up buying. When I called them to ask about it, the dumbasses wanted $50K more than the one I had just looked at. They eventually ended up listing with a realtor and selling for approximately what I bought mine for. Oh yeah, and be sure to check people out before they come through. Good luck. There is a house down the street that is almost the same house as ours that's listed with a Realtor for $10K more then what we are asking. |
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Post by socal on Apr 14, 2008 15:55:54 GMT -6
That's how we bought our current house. I came across it about an hour after the guy put it online. I saw it the next day & made an offer in 72 hrs.
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Earl
Prostate Massager
Posts: 173
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Post by Earl on Apr 14, 2008 17:34:26 GMT -6
Sold mine a few years back. We had it appraised (also good for the buyer) for a good starting point. Having a lawyer draw up the papers was cheaper than listing with a realtor and we knew who was looking at the place and when....was very good for us. Hopefully you have good luck too!
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Post by mattahawk on Apr 14, 2008 19:16:36 GMT -6
We thought about trying to do it privately. Although I only know 1 family that had any luck at it. Right down the street from me. A mexican family put it up in October of all months and it was gone in November. Unreal.
Usually they try it for 6 months or whatever and then go running with their tails tucked between their legs to the realtor. I would look up your assessed value on your county assessors sight to determine if they keep their valuations correct and then price it 5 grand below that.
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