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To: jaydubya2

Then sell it yourself. All you have to do is market your house (people have to know its for sale); comply with all disclosure requirements in your marketing and descriptions to prospective buyers (who are prone to sue if you misrepresent stuff); arrange for your own inspection (which you will probably need to accurately represent the condition of your house and to counter potentially unscrupulous buyer's inspectors) to determine the actual condition of stuff like wall, attic, and major appliance wiring, operational conditions of a/c and heat units, termites, dry rot, roof conditions, chimney and fireplace conditions, etc., etc.; be on site whenever prospective buyers show up, or want to show up; negotiate with prospective buyers when they counter-offer and counter-offer again; be on site whenever a buyer's inspector shows up; monitor the buyer's inspector as he performs his inspection to be sure there's no fudging on demanded repairs or alleged conditions; prepare binding option period and escrow contracts; arrange for appropriate escrow; prepare your seller's contract, deed transfers, and real property recordations; arrange for title insurance; and go to work every day in the mean time.


47 posted on 07/27/2006 7:54:07 AM PDT by atlaw
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To: atlaw
I have sold houses myself. And it was very easy to do. Actually, the ones I sold myself went smoother than the Realtor handled deals.
But I did not have the time to sell my last one so a Realtor was involved. As, I mentioned earlier, he was a friend and he cut me a great deal on the commission. If I had to pay a Realtor the full 6% I would have declined and gone FSBO. 6% on a $200K house is way too much, in my opinion.
51 posted on 07/27/2006 8:02:48 AM PDT by jaydubya2
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To: atlaw

"Then sell it yourself. All you have to do is market your house (people have to know its for sale); comply with all disclosure requirements in your marketing and descriptions to prospective buyers (who are prone to sue if you misrepresent stuff); arrange for your own inspection (which you will probably need to accurately represent the condition of your house and to counter potentially unscrupulous buyer's inspectors) to determine the actual condition of stuff like wall, attic, and major appliance wiring, operational conditions of a/c and heat units, termites, dry rot, roof conditions, chimney and fireplace conditions, etc., etc.; be on site whenever prospective buyers show up, or want to show up; negotiate with prospective buyers when they counter-offer and counter-offer again; be on site whenever a buyer's inspector shows up; monitor the buyer's inspector as he performs his inspection to be sure there's no fudging on demanded repairs or alleged conditions; prepare binding option period and escrow contracts; arrange for appropriate escrow; prepare your seller's contract, deed transfers, and real property recordations; arrange for title insurance; and go to work every day in the mean time."

My agent didn't do even half of that. She didn't have to be on site to show my house. Realtors called me directly when they wanted to show my property to their clients and let themselves in my place by accessing the lockbox on my front door. My agent also wasn't on site when the buyer's inspector showed up. As far as the offer/counteroffer process, not much work there either. Buyers offered asking price but wanted $10k closing assistance. I said okay on the offer but not the $10k. That was that. As far as preparation of contracts, she used her broker's form agreements. As far as deed transfers, real property recordations, title insurance, etc., the settlement company handled all that. Sorry, not a lot of hard work was involved in selling my place.

If I ever sell my new place, it will be FSBO. I think I can handle it.


53 posted on 07/27/2006 8:06:07 AM PDT by Ganymede
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