• Counter Offer or Accept: Depending on the offer you received from your potential home buyer you will need to counter offer or accept their offer. In a high buyers market it is typical to receive 3% lower than your asking price. Once an agreed upon price and terms is on paper and signed by both parties it is time for some more work.

• More Paperwork: It is federal and State law to have a Seller Disclosure Form and a Lead Base Paint Disclosure form completed for all transactions.

• Title & Escrow: Contact your local title and escrow company and get your home scheduled to close. A title company will check for liens on title and organize the closing. Fees for title and escrow vary depending on your home location and your relationship with your title agent.

• Fix Buyer Requests: Once your buyer has completed their home inspection you can bet they will have a few items they will ask to be fixed/completed before the close date. Because you previously had a home inspection completed there should be no big surprises on the buyers home inspection report.

• Close and Receive Your Check: Well the process is almost over. Many times there are hick-ups with closings. It could be your buyer does not qualify to purchase your home and can not get financing, then you have to start the process all over again. Or you could be one of the lucky ones and have a smooth transaction from start to finish. If the closing does proceed as planned you can expect to receive your proceeds from closing in 1-3 business days after closing. Congratulations! you have just sold your home. Summary of Cost: 1. Attend Local FSBO Seminar: $90 2. Determine Market Value (Appraisal) : $300-$400 3. Home Inspection : $200-$450 4. Fixing Inspection Issues : $500-$3000 5. Staging Home : $150-$1000 6. Marketing Property : 2% Sale Price 7. Buyer Discount : 3% of sale price 8. Buyer Realtor Fee : 3% of sale price 9. Closing Cost: 1.5% of sale price

Assuming a $100,000 sale price the typical cost to sell a home FSBO would be between $10,650 and $14,440. This is definitely not cheep and this money does not include your time and effort, particularly the money you could have made while at work and not dealing with the sale of your home.

P.S. As you can see selling your home on your own can be quite a challenge, take valuable time away from other tasks like family or work, and cost a substantial amount of money. For this reason real estate agents and professional home buyers exist. Many people hire a real estate agent to help them through the gigantic task of selling their home. Even with a real estate agent the task of selling your home can be daunting. This is why selling your home to a real estate investor can make a great deal of sense. When you sell your home to a real estate investor you do not have to worry about any of the details and usually don't have to worry about the condition of your home. You can contact a real estate investor like http://www.ExpertHomeOffers.com and within 48 hours have a signed offer on your home. If you really need to close fast because of your selling situation some real estate investors can pay cash and close on your home within days. No fixing up your home, no dealing with non-motivated buyers, no worrying about your buyer getting financing to close, and the list goes on.

Page 3 of 3 :: First | Last :: Prev | 1 2 3 | Next