Home values over the last sixty years have risen steadily. Everyone (even those who should have known better) believed that the rise would go on forever and the entire real estate industry was built on that concept. So the worst comes after the hyperinflation of home values starts to plummet. That bursting of the real estate bubble has caused a re-evaluation of how to interact or work with the real estate industry.
Sell Your Own House Without Agents
Real estate agents make a lot of sense when home values are constantly increasing. Giving a six percent commission to real estate agents was not a problem when someone was likely to make a significant profit on the sale of their property. However, we live in sadder and poorer times, a real estate agent becomes a problem as many people may be selling their house at a loss.
Sell Your Own Home Legal Assistance
Keep in mind that title companies and escrow companies will provide a great deal of assistance in selling your own home. Still, for legal paperwork, check out a form and contract provider like We The People for a retailer or LegalZoom for someone online. A free source of information to answer basic questions if used sparingly and courteously is a title company. If more unique issues arise, seek legal help from real estate attorneys. Many will have flat rates for those who do a FSBO (For Sale By Owner).
Sell Your Own House Marketing
Put the house ads in all the free Internet classifieds you can find. Websites like Craigslist, USFreeads and Backpage don’t overlook national services as they can provide you with an investor looking in your area. Post signs above the property, thereby notifying all passers-by that the house is available for purchase. Advertise with newspaper publishers like Penny Saver or Thrifty Nickel, they will be cheaper than general local papers. Lastly, make a list of one hundred people you can contact and who can meet other people looking to buy a home. Your barber, insurance broker, instructors, pastors, everyone who is continually in contact or in front of people, make sure they know you are selling a house.