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#373539 - 04/22/11 10:00 PM How Can I Sell My House? Please Help Me!
FSBO12 Offline
Junior Member

Registered: 04/22/11
Posts: 2
Loc: CA
Please help me.

Can I sell my house without the need of the listing agent? I have no knowledge regarding Real Estate. Recently, I went throught a very ugly divorce. I am 60 years old, have no mean of survival, no saving, diabetic. I plan to sell my house, and with that money I can survive for awhile. Mortgage on the house is around $250,000. value is probably about $470,000.

If I solicite the help of Realtor, I have to pay 6%. Is not because I don't want to pay, but right now, I am really struggle.

There is a buyer willing to buy the house. Is there anyway that I can ask Escrow or Lawyer to do the paperworks so I could save some money for survival?

I am at the end of my rope. Please help me.

Thank you very much!

Very Scare!


Edited by FSBO12 (04/22/11 10:05 PM)

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#373542 - 04/22/11 10:23 PM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
I think you should hire a very good realtor.

You can interview a few of them to pick one to help you.

If it helps go to an attorney first who does real estate law.

They can assist you to get started.

Also talk to neighbors and folks at your church, etc. to gain their local recommendations for the best way to move forward.

You will do well.
_________________________
Trust your Maker. Watch your manager.

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#373543 - 04/22/11 10:38 PM Re: How Can I Sell My House? Please Help Me! [Re: Doin' bpose]
FSBO12 Offline
Junior Member

Registered: 04/22/11
Posts: 2
Loc: CA
Thank you very much for your kind word. There is a realtor who is a friend of mine. She wants to help me. She told me she just help me to do paperwork only without demand any compensation. Does it possible? Is there any legal or tax issue on her side if she just help me? However, she said that I have to pay the buyer agent. But I already have the buyer, and this buyer seems not to have any realtor.

I know she wants to help me, but I don't want to cause her any trouble. I offer to pay her 1%, but she seems a little bit hesitate because she has not been active in doing Real Estate for awhile although she still renew her licence. She told me she did not want to take my money.




Edited by FSBO12 (04/22/11 10:46 PM)

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#373558 - 04/23/11 09:41 AM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
REODayton Online   content
Major Contributor

Registered: 07/27/06
Posts: 3699
Loc: Dayton Ohio
If you have a buyer already, then an attorney can handle it for you. Not sure you will save anymore money than paying a Realtor though with the attorney fees?

If your friend is willing to do it for 1% (or free) to help you out, take her up on the offer. If she won't except the money, take her out to a nice dinner.

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#373589 - 04/24/11 01:01 AM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
BK Estates Offline
Member

Registered: 07/25/10
Posts: 247
Loc: SoCal
I'm an active agent and I know what needs to be done. If you are really strapped for money, I will help you. Where are you located? Give me a call at (909) 868-1955 or email Brett@bkEstates.com.

If you have a buyer, this will be easy.

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#396290 - 12/06/11 01:50 PM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
Eva1988 Offline
Junior Member

Registered: 12/06/11
Posts: 2
Loc: Ma, USA
It is possible to sell without a realtor if you want to put in the extra work. This article provides a basic breakdown of what is needed but basically it could be worth it in the end.

http://www.longislandforsale.com/sell-my-house/selling-your-home-without-an-agent


Edited by Eva1988 (12/06/11 01:52 PM)

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#396320 - 12/06/11 07:27 PM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
One fact that many folks fail to realize is that FSBO properties generally sell well below properties sold through agents. You're asking for help now, before you're even listed, what will happen when you're negotiating a contract? In the event the buyer is represented by an agent and you're not, expect to be eaten alive. And reading something on line will not offset a lack of hands on experience. If you were involved in a legal situation would you dare to represent yourself against an experienced lawyer? Keep in mind you have $470,000 at stake. Be wise.


Edited by JackREO (12/06/11 07:28 PM)

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#399267 - 01/19/12 06:52 PM Re: How Can I Sell My House? Please Help Me! [Re: JackREO]
suzan Offline
Member

Registered: 01/05/12
Posts: 22
Loc: California, US
Find a knowledgeable realtor for your area. You are not buying an item for half a million without professional assistance! Friends are friends and not business partners. I am sure that you will find a realtor who will represent you for 1% or a flat fee. Realtor can sign a non agency agreement with buyer. Everyone will be compassionate and understand your situation.

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#399270 - 01/19/12 07:56 PM Re: How Can I Sell My House? Please Help Me! [Re: JackREO]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 848
Loc: Virginia
Originally Posted By: JackREO
Keep in mind you have $470,000 at stake. Be wise.


Jack - she only has around $220,000 at stake - there's still the mortgage to pay.

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#399338 - 01/20/12 06:51 PM Re: How Can I Sell My House? Please Help Me! [Re: VABroker]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 761
Loc: Massachusetts
My abacus got stuck!!!

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#400192 - 02/01/12 06:52 PM Re: How Can I Sell My House? Please Help Me! [Re: FSBO12]
HomeTeamGA Offline
Member

Registered: 07/14/11
Posts: 165
Loc: Georgia
If you already have a buyer for your home, what do you need an agent for? You are going to have to use a closing attorney to close the transaction anyway. He/she can provide you with all of the legal documents you need to sell your home without an agent. If you still want an agent to help at a reduced commission you need to do a search and see if there are any flat fee or assist to sell realtors in your area.

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