Quote:
Originally Posted by rsmurano
For the ill informed or rookies in the stock market, they still pay loaded funds and high expense funds, this hasn’t changed.
Same goes for the real estate sector. The main objective of the listing agent is to list your home, sit around while someone else sells your home, all while your listing realtor makes 2.5-3%
I sold my last 2 houses by putting them on the subdivisions web page. The house before here, I got 6 calls within a couple of hours wanting to see the house. Friends of residents bought the house, and it was very easy to do. You need to get a couple of forms from a lawyer on the contract, and then the disclosure form. Then you close with a lawyer of yours or your buyers.
With talk of the villages app, Nextdoor, Facebook marketplace, I would think it would be easy. Also placing your house on nyc/LA/San Francisco Facebook marketplace pages.
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You get 6 offers. One is fha, one is va. One is cash but wants home inspection. One is 5% down but no inspection. You don’t know the market value and have no idea what it will appraise at. The cash offer is low. But the high offer has low cash and you have no idea if the place will appraise to meet mortgage requirements. The FHA is a good offer but is the mortgage amount allowed by FHA in your area? You disclosed that the paint is chopping but aren’t aware that will fail FHA financing. Or maybe you overvalued the house and can’t understand why you have no offers. You looked at other similar homes but didn’t know one had structural damage and one had millions of upgrades.
Yup sounds easy.