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I work in a Real Estate office, but we don’t do traditional mortgages. We do contract for deeds and for sale as is type of things.

With that being said, I’m needing to sell my home so I can find my family something better. I can’t really afford to pay commission to our real estate agent to get it sold AND help us find something else. She suggested posting some flyers and get a sign put up in the yard. Any other good ways to get it going?

My home definitely needs some work and it’s not in the best area of the city, but it’s pretty big and with a brand new heating and cooling system. I’m pretty clueless in this situation. I feel stuck

5 Thoughts on Anyone experienced in “for sale by owner” situations?
  1. Reply
    browncat79
    August 19, 2011 at 10:04 pm

    Some people advertise in Craigslist.

    Be very careful and find out what forms you need.

    You should also get your home inspected before putting it on the market so you know the state it is in. Usually termite reports are required for loans but I would have a home inspection as well as I would not want to be liable for anything I forgot or didn’t know about. I would have the buyer use my inspections and not pay for new ones.

    I hope you know enough about the real estate lingo to understand what people are saying when they make you offer. They can make a full price offer but ask you to pay closing costs or points and bring your profit down.

  2. Reply
    Vincent
    August 19, 2011 at 10:08 pm

    The sign in the front yard and putting flyers up in grocer stores, post offices, libraries and anywhere else you can are two good ideas. There are also a few sites online that let you list your house for free. A quick search yielded http://www.10realty.com/ though I have no idea how good these are. Another option would be free classified ads like at Craigslist. A great site to go to for free classified ads is http://www.classifiedflyerads.com . You can make a color flyer complete with pictures and even a video for free and they will submit it or help you submit it to over 40 free classified ad sites such as Craigslist. My neighbor was trying to sell his house for 2 years, I suggested the Classifiedflyerads site and within’ a month he started having showings. Still no buyers but, at least people know it’s for sale.

  3. Reply
    Sue
    August 19, 2011 at 10:16 pm

    There are definitely some For Sale By Owner web sites, also you can use Craig’s List. One thing to remember is that using an agent can get you more money than you can get by doing it yourself. They can help you “stage” it and can offer you advice on what things need to be done to get the most “bang for your buck”.

    Remember, that when you buy a home (after yours is sold), the agent will be paid by the seller, not you.

    I hope that helps.

  4. Reply
    Bob D
    August 19, 2011 at 11:09 pm

    go to forsalebyowner.com

    they do all the paperwork,and all pictures. for a real low price.

  5. Reply
    Joanie
    August 19, 2011 at 11:13 pm

    There are many different companies that you can use (most via internet) to get your house on the MLS. Our listing showed that we were willing to pay 2.5% to the buyer’s agent (most buyers use agents here). We sold in less than 30 days, but busted our butts to make it look great before it went on the market. Getting on the MLS is key.

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