For Sale By Owners are often picked at by hungry Realtors and investors. Most REAL buyers have agents and look at homes that are listing on the MLS. If you are reading this and are selling your home yourself, then I have some tips for you. If you have equity in your home enough to afford an agent and just don’t want to hire one, that’s silly, you must. In this market, more than ever. However, if you are an upside down for sale by owner you should do a few things.
- Look for a real investor, like ShortSaleBuyers.com. A real investor will make an offer immediately on your home. Don’t believe the hype of some investors, ask for proof of funds or a legitimate contract.
- If and when you do list your home, look for an agent that knows how to handle your situation. I’ve been doing residential real estate for some time now and specialize in Short Sales. I wouldn’t want to help you find a commercial property and a regular real estate agent shouldn’t try to take on your short sale.
- Look for an attorney that knows what they are doing. Mention short sale to them. Ask them how many they’ve closed.
- If you still want to go it on your own, then going FSBO is tough for a short sale situation. You’ll need to be on top of your game. Calling up to 10 times a day and be ready to be put on hold for up to 4 hours. Have your information ready to go and be sure you know what you are asking. Most banks won’t even talk to you unless you have an offer (contact ShortSaleBuyers.com for that).
- Price Your Home Aggressively. Check out comparables. Do a search on a website and figure out what your competition. You can see a good idea of the Georgia Market here.
Oh and feel free to contact us and let us know about your home, we may even feature it here.
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