Questions about For Sale by Owner

Closed Thread
Thread Tools
  #1  
Old 07-16-2015, 09:03 AM
jnieman jnieman is offline
Sage
Join Date: Jun 2008
Posts: 3,267
Thanks: 3
Thanked 14 Times in 11 Posts
Smile Questions about For Sale by Owner

Hi:
Thinking of selling our home For Sale by Owner. Moving to another area of the Villages. Those of you have have done this can you tell me who you used to process the paperwork, was it a lawyer's office? Can you please tell me the approximate cost? Also could use any tips on making the sale easier. We have bought and sold 9 homes with realtors and they always sell really quickly so I thought I'd try it myself. Not interested in hearing from realtors with comments about why I need a realtor.
  #2  
Old 07-16-2015, 09:19 AM
justjim justjim is offline
Sage
Join Date: Feb 2012
Location: Illinois, Tennesee, Florida, Village of Caroline, Sanibel, LaBelle
Posts: 6,067
Thanks: 61
Thanked 1,697 Times in 719 Posts
Default

There are a couple of Title Companies that will do the paperwork for you that I can recommend in TV. Advantage Title on 466 and Tri County Title on 441. Sorry out of Tv at the moment but you can easily find their phone numbers.

Your cost for them to handle the closing---approximately $350-$400. Of course, you will still have routine "Seller'" cost for State Stamps, etc. Good luck. We have sold two homes in TV ourselves.
__________________
Most people are as happy as they make up their mind to be. Abraham Lincoln
  #3  
Old 07-16-2015, 09:29 AM
jnieman jnieman is offline
Sage
Join Date: Jun 2008
Posts: 3,267
Thanks: 3
Thanked 14 Times in 11 Posts
Default

Quote:
Originally Posted by justjim View Post
There are a couple of Title Companies that will do the paperwork for you that I can recommend in TV. Advantage Title on 466 and Tri County Title on 441. Sorry out of Tv at the moment but you can easily find their phone numbers.

Your cost for them to handle the closing---approximately $350-$400. Of course, you will still have routine "Seller'" cost for State Stamps, etc. Good luck. We have sold two homes in TV ourselves.
Thanks for the tips. Approx what cost would the State Stamps be for $240,000 house?
  #4  
Old 07-16-2015, 09:31 AM
Villager Joyce Villager Joyce is offline
Soaring Eagle member
Join Date: Aug 2013
Location: The Villages
Posts: 2,003
Thanks: 0
Thanked 6 Times in 6 Posts
Default

Quote:
Originally Posted by jnieman View Post
Hi:
Thinking of selling our home For Sale by Owner. Moving to another area of the Villages. Those of you have have done this can you tell me who you used to process the paperwork, was it a lawyer's office? Can you please tell me the approximate cost? Also could use any tips on making the sale easier. We have bought and sold 9 homes with realtors and they always sell really quickly so I thought I'd try it myself. Not interested in hearing from realtors with comments about why I need a realtor.
I am NOT a realtor. I do, however, appreciate all the foot work necessary to buy and sell that realtors do. Most realtors have connections with closing agents, etc. Do you plan to use an "as is" contract to sell? Do you have contract forms to use? Utilities will need to be read an transferred. Cable disconnected. Without a realtor, you will have to think about and do all of this. That being said, we worked when we sold our last house. We both are retired now so we have more time. I think It will come down to whether you are interested in doing the work or paying someone else to do it.
__________________
When all else fails, take a nap
Carrie Sue Day Snelgrove
  #5  
Old 07-16-2015, 09:32 AM
Villager Joyce Villager Joyce is offline
Soaring Eagle member
Join Date: Aug 2013
Location: The Villages
Posts: 2,003
Thanks: 0
Thanked 6 Times in 6 Posts
Default

Quote:
Originally Posted by jnieman View Post
Thanks for the tips. Approx what cost would the State Stamps be for $240,000 house?
I think it is $7 a thousand.
__________________
When all else fails, take a nap
Carrie Sue Day Snelgrove
  #6  
Old 07-16-2015, 09:38 AM
jnieman jnieman is offline
Sage
Join Date: Jun 2008
Posts: 3,267
Thanks: 3
Thanked 14 Times in 11 Posts
Default

Quote:
Originally Posted by Villager Joyce View Post
I am NOT a realtor. I do, however, appreciate all the foot work necessary to buy and sell that realtors do. Most realtors have connections with closing agents, etc. Do you plan to use an "as is" contract to sell? Do you have contract forms to use? Utilities will need to be read an transferred. Cable disconnected. Without a realtor, you will have to think about and do all of this. That being said, we worked when we sold our last house. We both are retired now so we have more time. I think It will come down to whether you are interested in doing the work or paying someone else to do it.
I'm not working and have plenty of free time on my hands. I was a Sr. Administrative Assistant for 35 years and am perfectly capable of handling paperwork. I am aware that utilities will need to be transferred. The contracts and such I will investigate what needs to be done.
  #7  
Old 07-16-2015, 09:48 AM
Villager Joyce Villager Joyce is offline
Soaring Eagle member
Join Date: Aug 2013
Location: The Villages
Posts: 2,003
Thanks: 0
Thanked 6 Times in 6 Posts
Default

Have fun. I just want to play more than work and think��. When we worked, neither of us had the Wherewithall at the End of the day to deal with it.
__________________
When all else fails, take a nap
Carrie Sue Day Snelgrove
  #8  
Old 07-16-2015, 10:59 AM
Laurie2 Laurie2 is offline
Senior Member
Join Date: Jul 2014
Posts: 273
Thanks: 0
Thanked 1 Time in 1 Post
Default

When we bought our house, it was through the MLS.

Jan Ennes, of Realty Executives, was our realtor. Jan is knowledgeable, professional, and tuned in to her clients. We closed at Freedom Title in Lady Lake. The closing agent was Katina, who was very good about answering all my questions about Florida closings, owners title insurance, etc. (Yes. We have it.)

You might want to give Katina a call about what would be involved with closing a FSBO. And if you decide not to FSBO and want to use the MLS, I highly recommend Jan Ennes.

I see you are located in Hadley. A great location......Now, I am going to say something that might get me pounced upon. It is my opinion. My feeling. Just a hunch. So here goes......I think when a home is located so close to new construction, a seller might be better off with the MLS or a FSBO, just in case a TV agent might be inclined to spin potential buyers over to the new. I am NOT saying all TV agents do that. All I really know is what an agent said to me in an Open House once. I filed it in my memory because it made me think about what I would do if I ever wanted to sell.

In fairness though, I must say that I feel certain that there are more TV agents for whom a sale is a sale so they work hard on their pre-owned listings, as well as selling new.

I encourage your FSBO-ness. I bet it will work just fine. Good luck!

Laurie2 (who has just said way too much because she is sitting, bored, in the parking lot of Home Depot waiting for Mr. Laurie2)
  #9  
Old 07-16-2015, 11:29 AM
old_lizard old_lizard is offline
Junior Member
Join Date: Mar 2010
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Default Reply

Hi, I am selling my house myself even tho I am a licensed RE agent here in FL. I am still with a Agency, and am technically working, I am too ill to work.

You can definitely sell your house on your own. First, if you use standard Florida real estate forms, specifically the Purchase Agreement - ( linked here to a free source I found online - http://titlesourceusa.com/images/For...20Purchase.pdf ) the need for a lawyer is negated on a standard sale. If there are short sale or repo issues, I personally would see a lawyer. Also, lawyers are usually cheaper than paying the standard commission ($1500-$2000 vs. 5%). The forms are designed to handle all the same details a lawyer would.

However, even simpler is to visit any Title Insurance office and tell them you are selling your house on your own and they will hand you their FSBO package which has everything needed (forms and instructions). You just fill it out when you accept an offer and take it back to them, and almost all of the Title folks have a specific person to handle FSBO's and know how to help. You pay them in closing costs anyway, and it saves you the hassle and worry if you did it right. (This is what I am going to do, and I know how to do all the forms. But, if I in any way used my agency to send forms, etc, I would owe my broker his normal cut of seller's commission!)

Just to help friends, I have a board on my Pinintrest account about why seller's don't need to pay commissions and can do it them-self with just a little effort for the $$ saved. Here is the board - https://www.pinterest.com/steve_peac...-estate-agent/ I also have created my own website, which you can easily build and publish on the net for about $12 for 6 months. I used GoDaddy.com. This is my site to sell my house - Home - it is on all my ads; newspaper, yard signs, etc.

Everyone around you will tell you: "your house hasn't sold? Joe on the corner sold the same day he put it on the market". While that does happen here in TV, it is not common. Mine has been on over 60 days and I am holding more Open Houses and tweaking the price lower by increments.

Good luck - summer is a tough time to sell - Fall will see the snowbirds coming back, and it always surges...
  #10  
Old 07-16-2015, 11:30 AM
theorem painter's Avatar
theorem painter theorem painter is offline
Senior Member
Join Date: Jan 2013
Location: Tall Trees
Posts: 470
Thanks: 4
Thanked 45 Times in 21 Posts
Default

Quote:
Originally Posted by jnieman View Post
I'm not working and have plenty of free time on my hands. I was a Sr. Administrative Assistant for 35 years and am perfectly capable of handling paperwork. I am aware that utilities will need to be transferred. The contracts and such I will investigate what needs to be done.
When we bought our home in The Villages it was a FSBO. Tri County handled everything. They provided the seller with the contract for us to fill out and the seller disclosure forms. We used an attorney but basically she did nothing other than to approve the contract. Good luck!
__________________
Sally
******************************************
Great minds discuss ideas.
Average minds discuss events.
Small minds discuss people.

Eleanor Roosevelt
  #11  
Old 07-17-2015, 06:54 AM
oot's Avatar
oot oot is offline
Senior Member
Join Date: Mar 2008
Location: Sugar Springs/The Villages FL
Posts: 198
Thanks: 0
Thanked 0 Times in 0 Posts
Default

I have sold two homes by owner and used a title company for the paperwork. It was very easy to do.

Just do your homework - compare recent sales in the area with your home and set your price. Don't overprice it and make sure the house is clean!

Talk to a title agency before you start. They will help you.
__________________
------------------------
Butterflies hover and feathers appear, whenever lost loved ones or angels are near.
  #12  
Old 07-17-2015, 07:17 AM
jnieman jnieman is offline
Sage
Join Date: Jun 2008
Posts: 3,267
Thanks: 3
Thanked 14 Times in 11 Posts
Smile

Thanks so much to everyone for such great advice. This will all probably happen later this year so I have plenty of time to prepare. I spoke with two title companies and am confident that this will work out for me. Thanks to all of you who PM'd me with your personal experiences (not one negative so far).
  #13  
Old 07-17-2015, 07:20 AM
Blessed2BNTV Blessed2BNTV is offline
Veteran member
Join Date: Nov 2012
Location: Hadley
Posts: 845
Thanks: 340
Thanked 37 Times in 21 Posts
Default

We too bought and purchased 2 homes fsbo. Tri County handled both sales.

Very easy. I would contact whomever you want to use to get all the costs.

Have you found a home inspector you could offer the buyer? We used Brian Harwood (352) 638.6288. Very pleased with his services.
  #14  
Old 07-17-2015, 07:30 AM
jnieman jnieman is offline
Sage
Join Date: Jun 2008
Posts: 3,267
Thanks: 3
Thanked 14 Times in 11 Posts
Default

Quote:
Originally Posted by Blessed2BNTV View Post
We too bought and purchased 2 homes fsbo. Tri County handled both sales.

Very easy. I would contact whomever you want to use to get all the costs.

Have you found a home inspector you could offer the buyer? We used Brian Harwood (352) 638.6288. Very pleased with his services.
Thanks so much. I put Brian's number in my phone!
  #15  
Old 08-11-2015, 03:55 PM
graciegirl's Avatar
graciegirl graciegirl is offline
Sage
Join Date: Mar 2008
Posts: 40,195
Thanks: 5,029
Thanked 5,793 Times in 2,006 Posts
Send a message via AIM to graciegirl
Default

When we sold our home here three years ago we used McLin Burnsed, the closing company of The Villages. Done flawlessly, it cost $700.
__________________
It is better to laugh than to cry.
Closed Thread

Tags
sale, realtors, owner, bought, sell, homes, sold, quickly, hearing, comments, realtor, interested, thought, easier, approximate, villages, area, moving, thinking, selling, home, process, tips, cost, questions


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 04:45 PM.