Saturday, February 20, 2010

For Sale By Owner May Not Be The Way To Go

Last year almost 25% of homes sold were done as FSBO (for sale by owner). You probably have heard others talking about selling their home on their own and it saved them money. And you considered doing that yourself. After all, by handling the sale of your house yourself, you won’t have a real estate agent commission, that will put more money in your pocket, right?

After you have tried the FSBO route with no luck, it may be time to consider selling to an investor. There are agencies with networks of real estate investors that are ready to buy properties for cash. There is no price negotiating. They come to you with a fair market value offer. There are no repairs or inspections to be done by the seller either. An investor has the experience and knowledge of the real estate market and knows what a property is worth and the cost of repairs in relation to the property.

If you don’t have a good knowledge of the real estate market, you probably won’t be able to make a fast sale on your own to the general public. The lack of experience and knowledge of the real estate market could lead to bad decisions. Investors know what they can do with a property before they make you an offer.

If you are behind on your mortgage payments and have foreclosure staring at you, you need to sell fast. The mistakes you can make in a FSBO process by not being fully informed about the real estate market can cause you to miss a window of opportunity to sell fast and at a profit.

By selling to an investor, you’re getting the cash you need to relieve yourself of the mortgage and give you a start to move forward and start enjoying your life again. If you have concerns and you need to sell your house fast, then finding an experienced real estate investor will give you a peace of mind and put more money in your pocket when all is said and done.

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