Real Estate Information |
|
Selling Your Home on Your Own - Examples of Problems and Solutions
What can go wrong? About a gazillion things, but this is true if you're working with a broker, too. A broker is probably more experienced than you, and may well have confronted and solved your problem on a previous home sale. If you can stay calm and think under stressful conditions, you can be your own problem solver without the need for a broker. Plus, there is no guarantee the broker will get it right. A longer list of possible problems from real life are for a later article. I will include a couple here just to help you size up your willingness to cope on your own. Problem One You have a contract with a buyer, but the buyer gets cold feet. Solution Be calm, matter of fact, and pleasant. Encourage your buyer to open up and tell you what's in the way. "I don't want you to buy our home if it's not right for you, but you seemed to really like the house (condo/townhouse/whatever), and now you're not sure you should go forward. What's changed? What's troubling you?" If they level with you, you have a shot at helping them overcome their objections and solve their issues. You may even find they've misunderstood something. If so, correct information may be all that's needed. However, if this approach doesn't work, and the buyer no longer wants to buy, let them go and move on. As long as the buyer wants to buy and the seller wants to sell, most problems can be sorted through. If one of them changes his mind, it's over. (You can probably sue for "specific performance" under the contract, but do you really want your property off the market while you deal with that?) Problem Two Your buyer has made an inspection by a home inspection firm a contingency of the contract. The home inspector comes up with a laundry list of items to be repaired or replaced. Your buyer requests that they all be done prior to settlement. Solution Don't let your ego get in the way. It's not personal. It's real estate, and big bucks are involved. Take a deep breath. Go over the list. How much money is really needed to make the repairs? Can you do any of it yourself? Call a plumber, carpenter, roofer, electrician, or whatever trades you need and get a ballpark idea. If the result looks reasonable, get closer estimates and agree to have the work done. If it's too expensive, explain to the buyer that the price of the home takes into account the condition. If the repairs are too expensive, can you and the buyer agree to "split the difference?" That is, can you do some items on the list and not do others because (you will explain to your buyer) the home was priced accordingly, but you are willing to compromise if he is. If the repairs are too time consuming (the trades can't take care of it before scheduled settlement), you are going to have to give it some thought. Can you agree to provide a sum of money to the buyer at settlement with which he can have the repairs made? The key to coming up with solutions to the particular problem is to stay calm and thoughtful. The buyer is not your enemy. With any luck you can work out a win/win solution. Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
MORE RESOURCES: Real-estate agent explains new fees to homebuyers, he's not worried Business Insider Dr. Phil left speechless after real estate agent claims that squatting is justified by colonization New York Post Inside Chris Pratt and Katherine Schwarzenegger's Real Estate Portfolio Architectural Digest Prologis Warns of Slowing Industrial Real-Estate Market The Wall Street Journal Google's Strategic Job Cuts Reflect Ongoing Cost-Cutting Measures, Affecting Real Estate and Finance Departments Yahoo Finance Real estate transfers: April 19, 2024 RiverheadLOCAL Local man allegedly poses as real estate agent in '20, steals over $7K | Hot Springs Sentinel Record Hot Springs Sentinel Real Estate Sales Include Two Falconer Commercial Properties Jamestown Post Journal Dodge County real estate transfers Fremont Tribune Inside Bill Gates' real estate, from his Seattle to Florida houses Business Insider Real Estate Listings Are Going Green: 5 Eco-Friendly Sales Features on the Rise Right Now Realtor.com News OT Real Estate Spotlight of the Week: 4218 Edgewood Court The Owensboro Times Real-Estate Agents, Investment Advisers Chafe at New Anti-Money-Laundering Rules The Wall Street Journal Hot Tips for Home Buyers and Sellers Right Now Kiplinger's Personal Finance 10 Real Estate Charts Showing What's Next for Housing: Ivy Zelman Business Insider Westmoreland County Real Estate Transfers | Real Estate | latrobebulletinnews.com latrobebulletinnews.com Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal Real estate expert says several factors impact farmland prices brownfieldagnews.com The HYM Investment Group, Cathexis and National Real Estate Advisors Announce Pre-Leasing at Amaya Boston Real Estate Times A repurposed mill, church, and a library: 3 nontraditional homes for sale in Baltimore The Baltimore Banner The Michael Houck Real Estate Guide for April 20 and 21 Oil City News Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties April 21, 2024 edition MassLive.com LOCAL REAL ESTATE TODAY 4.19.24 – KQEN News Radio kqennewsradio.com S.F. housing market: Still very few homes, selling even faster San Francisco Chronicle East Bank Master Developer Agreement with The Fallon Company Approved Boston Real Estate Times Nisa Investment Advisors LLC Grows Position in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Defense World EG Real Estate: Busy Spring Market – East Greenwich News East Greenwich News Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Below Fifty Day Moving Average of $7.63 Defense World Cerity Partners LLC Purchases New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Defense World Critical Survey: Wheeler Real Estate Investment Trust (NASDAQ:WHLR) and Cousins Properties (NYSE:CUZ) Defense World How environmental insurance diligence can shape commercial real estate transactions Insurance Business Top 25 Columbus Residential Real Estate Deals for January 2024 Columbus Monthly 21 Largest Real Estate Companies in the World Yahoo Finance Healey-Driscoll Administration Names Alison Brizius New Coastal Zone Management Director Boston Real Estate Times Nisa Investment Advisors LLC Sells 32123 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) Defense World How low inventory is affecting home sales in Peoria and the rest of Illinois Peoria Journal Star An investigation into the University's controversial real estate holdings Johns Hopkins News-Letter Ohio Department of Commerce Division of Real Estate and Professional Licensing offers tips – Daily Chief-Union Dailychiefunion Q1 2026 EPS Estimates for Alexandria Real Estate Equities, Inc. (NYSE:ARE) Decreased by Zacks Research Defense World Darien and Rowayton Real Estate Report: April 11 to 18 darienite.com How Real Estate Helped Taylor Swift Become A Billionaire Yahoo Finance TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass The New York Times China home prices slumped in March as property crisis drags on Business Insider Downtime: Pairing wine and real estate RichmondBizSense Blackstone Earnings Rise as Investment Giant Projects Commercial Real Estate Recovery - CoStar Group Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout The Wall Street Journal Real estate mogul concerned how Americans will deal with squatters: ‘Something really bad is going to happen’ Fox Business Fannie Mae, Freddie Mac clarify real estate commission rules National Mortgage News Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) Stock Price Passes Below 200-Day Moving Average of $13.02 Defense World Former HGTV star from Los Gatos sentenced in $10M real estate fraud case CBS San Francisco Robert Bailey on Real Estate TPG Online Daily A new real estate trend? Shopping malls converted into residential units in South Florida NBC 6 South Florida Real Estate Broker Commission Settlement ClassAction.org |
RELATED ARTICLES
Should Sellers Order a Pre-sale Home Inspection? One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers' inspections of the property, and the buyers and sellers can't agree on a remedy. Evil Gains Entry When we open our doors to strangers, we can never be certain what malice an outsider might bring in. Police officers tell us to keep our doors locked with good reason. Why Move to the Poconos? Awaken to the sounds of softly rustling trees and tranquil gurgling streams. Stroll along quiet lush wooded mountain trails. 18 Easy Steps to Buy a Bargain House What is a "distressed" property? What is "bargain" real estate?A distressed property is one with a distressed seller. Job loss or transfer, divorce, death, pending foreclosure, and lack of money cause sellers to sell fast for less. Estate Planning Estate planning can enable you to control your property while you are alive, take care of you and your loved ones if you become disabled, and give what you have to whom you want, the way you want, and when you want, and if you wish, you can save every last tax dollar, professional fee, and court cost possible.Estate planners frequently begin the estate planning process by analyzing clients' personal and financial dreams, aspirations, fears and objectives. Writing on the Wall - Are REITs a Better Investment for You? When I was a young child I had many annoying tendencies. My mother explained to me that the most annoying was my need to write on the walls of every room. 10 Easy but Essential Steps for Home Selling Success They say that the whole process of selling up, buying new and moving on is one of the most stressful series of events any of us goes through in a lifetime: and yet with careful planning, attention to detail and a clear focus, the whole process can be relatively stress free.While there will always be factors outside the control of any home seller, those factors that fall within their control sphere can proceed fluidly and smoothly when they take the time to plan and think one step ahead. Selling Your Home on Your Own - Examples of Problems and Solutions What can go wrong? About a gazillion things, but this is true if you're working with a broker, too. A broker is probably more experienced than you, and may well have confronted and solved your problem on a previous home sale. Real Estate Marketing, Do You Use Direct Mail? Prospecting for leads is by far the most difficult part of being a Realtor or small business professional. In fact, lead development is by far the most expensive and time consuming aspect of your job. Dealing With Dual Real Estate Agents Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. Real Estate Investing: Infomercial and Mentoring Scams Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder why people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?Real estate infomercials do great harm to beginning investors, who waste hundreds of dollars on old information. Worse yet, those beginners soon get discouraged and miss out on the true (and profitable) adventure of real estate investing. How to Choose Your Real Estate Lender Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow. Conditions Are Right For Buying The Higher Priced Home You'Ve Always Wanted Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to "buy up" to higher priced homes with more to offer. Investing in Real Estate Like a Stock A REAL ESTATE STOCK PLANGetting out of the bleachers and into the game!This report is going to explain or attempt to give the stock market investors a basic one-on-one interview with a real estate portfolio manager who has consistently made a profit on 100% of the investment products that were actively chosen and managed. Never a loss, always tax advantaged and sheltered. Before Selling Your Home Here are some important steps you should take before you put your house on the market:1. Home Loan Approval for your next HomeYou don't want to be signing a contract to sell your house before knowing if you are qualified to buy another. Thinking About Selling Your Home? Owning a home is the original American dream. It's the old frontier spirit, wanting to claim your own tuft of the New World. Real Estate Value: Knowing yours is Key to Mortgage Success The value of the real estate you own, whether it is your personal residence or an investment property, is critical to your mortgage and financial success. If the balance on your mortgage is close to or higher than the value of your property, your real estate is not the financial machine it should be. The Pros and Cons Of Hiring A Real Estate Lawyer You're travelling in a foreign country and you get arrested for something that you didn't even know was against the law. The potential fine is huge, more than you earn in 10 years. Real Estate Investing in Rentals - the $10 Million Real Estate Investing Mistake Renting to tenants is no longer "where the money is" for real estate investing. I became a multi-millionaire landlord in the 1980s by buying $10 million in rental houses. Curb Appeal First impressions do make a difference when selling your home. Oftentimes, before making the phone call to schedule an appointment, a homebuyer will drive by your home to determine if they may be further interested. |
home | site map |
© 2006 TIGER MEDIA |