Looking to sell my house...advice

[ML Dog]

Replace front door and pay the realtor with that...

A recent home valuation study shows that a new front entry door can add to home's value and installing a custom entry door can increase your home's value by as much as 6%...

In addition to reducing energy costs and maintenance, today's front entry doors can add substantially to your home's value. In fact, according to the National Home Valuation Study an enhanced entry way, such as one that with a new custom entry door, can lead to as much as a $24,000 increase in a home's perceived value, which can be as much as a five times the cost of installing the new front door system.

If you're looking to enhance the value of your home while improving curb appeal and saving energy, maybe its time to install a custom entry door.

While drawing as little attention as possible to doing so please type the word yes in a new post below if you're currently being held hostage by a Door Salesman.




Either that or you totally get the best weed of anyone I have ever known.



Not saying there ain't some TRUTH to what you said. Not sayin' that at all.

 

[bounceback]

maybe you could make a thread and sell your house on here?....Thread would look something like...

"House for PP"

 

[HarryCaray]

Let me also throw in that my work's HQ is in this city. So I could finagle several work-paid visits to check in on it. I could even potentially move back into the house for a month or two to get it ready, stage it, oversee some open houses.

Make any difference?

 

[HarryCaray]

maybe you could make a thread and sell your house on here?....Thread would look something like...

"House for PP"

Hahaha

 

[niltes]

unless you are very familiar with ALL of your legal and paperwork requirements, hire a real estate agent.
if you can't write up a contract that protects your interests as much as possible, hire a realtor.
unless you can unemotionally negotiate a transaction involving a large asset that you have a
huge vested interest in, hire an agent.
unless you can sense or tell when an agreed upon transaction is in trouble and you are being
jerked around, hire a realtor.
when a transaction is in trouble and you do not know EXACTLY what to do and WHEN to do
it to protect or end the contract, you better have hired an experienced agent who negotiated
a good contract protecting your interests or you will really have regretted your decision.

hope this helps

 

[Acebb]

7%, seller usually pays (is my understanding).

So tell me why I should pay some fat fuck 10 grand when I could fly my happy ass to Illinois and...wait

Negotiate the 7% down.

You just said you can't afford to have it sit vacant for too long, so which is it?

 

[Acebb]

You should hire a real estate agent but the best course of action is to go back to IL and meet with more than 1 to discuss your situation (interview them) and negotiate their rate.

They will stage the house for you (they buy furniture & decorations and write it off on their taxes) and obviously have expertise, connections, and substantive knowledge you do not.

Finally, you need to identify your resistance point (bottom line) and your target price (after some research). List the house at least 2% above your target price but do not tell your agent your resistance point. If asked, say "I'm willing to consider all offers"

 

[niltes]

when a buyer makes an offer to a FSBO as compared to a listed property,
he/she is expecting one or two things. the buyer is expecting a better
than market deal as they want to get some of your real estate agent
fee savings for themselves. they may also want terms or concessions
that can be very subtle, but can be quite expensive to the seller.

some of the savings by FSBOing are not going to end up in the
seller's pocket because of this.

 

[MattyMatt]

when a buyer makes an offer to a FSBO as compared to a listed property,
he/she is expecting one or two things. the buyer is expecting a better
than market deal as they want to get some of your real estate agent
fee savings for themselves. they may also want terms or concessions
that can be very subtle, but can be quite expensive to the seller.

some of the savings by FSBOing are not going to end up in the
seller's pocket because of this.

This. Most thing FSBO is like selling it for free, and it's far from it.

 

[HarryCaray]

Negotiate the 7% down.

You just said you can't afford to have it sit vacant for too long, so which is it?

Well obviously it's a trade off. Rent is 1050 a month so it is worth it sitting vacant for 6 months if I can save > 6300 in fees (in a TVOM vacuum).

Point taken on probably not getting max value if I FSBO though.

Thanks for all the replies guys.

 

[niltes]

a sharp (even a semi-sharp) buyer knows when they see a vacant
house that the seller is motivated. most adjust their offers and
terms accordingly.

 

[ML Dog]

Well obviously it's a trade off. Rent is 1050 a month so it is worth it sitting vacant for 6 months if I can save > 6300 in fees (in a TVOM vacuum).

Point taken on probably not getting max value if I FSBO though.

Thanks for all the replies guys.

Does seem that FSBO = aggravation. work, stress, potential conflict then more aggravation along with a real risk that a deal could go horribly wrong, where Contract is concerned. FSBO seems to = inviting in stuff that you don't want in your life. For very possibly a really minimal gain so FSBO, based on reading all of whats within this thread, appears to be very obviously -EV.

Has been some exceptionally good advice, opinions within this thread.



That Transfer went thru early AM by the way HC so all is good and thanks again. :toast:

 

[GoBlue34]

If you are in no rush, why not try yourself? I sold my last home on my own for ~$300k, 7% of that I'm glad I didn't have to pay. I didn't read all the other comments so maybe I missed some key information.

 

[shdw01]

HC, you have to figure out how much work you want to invest in selling this. Either way, it is worth doing a little work to stage it (paint, cleaning, etc.).

It sounds like you have a flexible work schedule that will allow you to stay in Illinois while selling this thing. It is up to you how much time you want to spend selling this. $10k is a lot of money (I agree with negotiating) but they aren't working for free. Keep in mind you will have to pay some amount for someone to help you draft the contracts. So the difference is what you intend to save. Time is money, depends how much your time is worth.

 

[MattyMatt]

Options...

set fee realtor +- $2500
regular realtor 5-7% (6k-7500)
FSBO $700-1000 roughly

i wouldn't even think about staging a $125k house to sell. Money wasted. $500k+ house, yes, $125k, hell to the naw.

personally, I'd find a set fee realtor, but it sounds like to me yours may sell
by word of mouth with it being a Catholic community folks are wanting into. Maybe take some offers at first and have a legit person ready to do the contracts...

 

[5teamparlay]

DID YOU EVER SELL THIs // what did you end up doing?

 

[Seymour]

I would imagine u would get a better price with a realtor - should charge u 4% - I use brokers all the time

 

[HarryCaray]

My tenant is still on a month to month and is looking for a place. Still renting it but he's still looking. Will get a realtor when he gives his notice.

 

[raiders72]

I live in Alabama, own a house in Illinois. It has been rented by 1 person (my ex-roommate) since I moved out 4 years ago, and I lived there the 6 years prior. He's having another kid and moving into something bigger.

Do I need a realtor or can I FSBO that shit? It's in a nice neighborhood, 3/2, 1600 sq ft, probably a 125k home. I know the neighbors on both sides. No interest in keeping it as rental property for various reasons.

Thoughts?

What city in IL?