To: Homestead List <homestead AT lists.ibiblio.org>
Subject: [Homestead] For Sale By Owner
Date: Mon, 30 May 2005 09:12:45 -0400
Hey all,
Working feverishly here to get my city house on the market and sold.
Refinishing wood floors, crown molding, lots of projects getting
finished.
I spoke to a couple of real estate people that are local and not your
big real estate company corporate types. Liked them both. Both are
talking about a 3% commission, normal is 5 to 6%. The way houses are
selling here, I think that 3% is huge. It will work out to 9 to 12k.
The guy across the street closed on his house a few weeks ago, just put
a "For Sale By Owner" sign up. There were cars slowing down to look so
much that traffic was backed up. He got a good price.
My idea is to put up a By Owner sign, make a flyer that describes the
house to cut down on calls. I'll get a lawyer to help make sure I am
protected. Also put out a letter to all the local agents and let them
know that the house is for sale by owner and I am willing to work out a
commission with them if they bring me a buyer. I've heard that usually
in that situation a commission under 3% is the norm.
Anybody sold by owner? I hate this situation and just want it to be
over, but also realize that 1% of the sales price on this house might
put in a well on my country property.
Thanks and now back to work :>)
Rob in FL
[Homestead] For Sale By Owner,
Rob Walton, 05/30/2005