In TV? In this market?
Absolutely try it yourself.
People are now popping in to this thread to recommend local title companies that will take care of the paperwork for you at a whole lot less than 6%.
If you have never FSBO’d, you might want to read up on things to do before showing your house. Of course, you know about how it should look its best, but don’t forget things like making sure there are no prescriptions in the medicine cabinet or anything around that can be easily picked up. (Yes. I know, all Villagers and potential Villagers are the salt of the earth, all 150,000 of them……uh,huh.)
I cannot imagine that you would need to bother with an open house. But I guess you could if you want to. You should have a buyer fast and have no need to mess with the lookie-lou crowd traipsing through.
You can get a feel for pricing by looking at sumterpa.com and at ads and by going to open houses for houses that are comparable to yours. (Yes. I know. That’s being a lookie-lou.)
Speaking of being a lookie-lou, I have gone to open houses for the specific purpose of meeting the agent and basically conducting an interview — during a time when there were no “live ones” for the agent to talk to. (I would never monopolize an agent on duty in an open house when they have potential buyers on the premises, but eventually there will be a lull.) That is how I sometimes have found agents to sell our own houses. All agents are not created equal. I see working with an agent as being like going into business with a partner — so I have always made sure it’s a match. We have sold via FSBO and also with agents. It just depends on what we think we want to do at the time.
You probably already know this, but……..
If the house is your primary residence and you have lived in it for 2 years, there will be no capital gain tax on any profit……..
But I am not an accountant, so check that one, but I don’t think that part of the tax law has changed since it went into effect in the 1990s. I always liked that 1990s change because it has allowed a lot of regular people to make money on their own houses. I can remember the days when if you did not buy a more expensive house after selling, you were taxed on the profit from the sale of yours.
If it is not your primary residence, then at income tax time, make sure you have good records and receipts for any improvements you have made to the house and any associated selling costs. The amount you have spent will help you close the taxable gap between what you paid for the house and your selling price. (Again, check the tax stuff with someone who actually knows what they are talking about.)
My guess is that you will be receiving PMs from people who are reading this thread.
Do your homework and go forth and make some money.
Good luck.
(Phew…..The OP asked for the time and I built him a clock. Oh well, that is enough from me today. I can always tell when I am procrastinating with TOTV when I have things in my real life that I do not want to do.)
Boomer
Last edited by Boomer; 04-01-2022 at 10:01 AM.
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