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What is the best way for my mom to sell her house without going through a real estate agency?

My mom wants to sell our house, but does not want to go through a real estate agency and we have never done this before so any suggestions would be very much appreciated.

Update:

Angelo L, how are we going to know the real estate agents that would cheat us?

8 Answers

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  • 1 decade ago
    Favorite Answer

    First of all, I want to ask a simple question; why?

    Why not use a Real Estate Agency?

    Before you answer that, let me.. The typical answer deep down inside is (they charge so much money, that's money that I could save an put in my pocket if I sell it on my own). Did I get the story right? I thought so.

    The truth is, Real Estate offices are in business for a reason; because they do what they are paid for. (To sell your house for the most money it can be sold for). It's their job to sell Real Estate! They don't do it for a hobby, they do it for a living, and nobody knows Real Estate, like a Real Estate office.

    On average, Real Estate in the U.S. gets sold for 17.4%-22% higher when sold through a Real Estate office than For Sale by Owners. This means that even if you are paying 13% commissions to your Agent, you're still making more money! Money you would have not made if you were to try and sell it on your own! Typical commissions are anywhere from 6%-8%. At this rate, your agent is a bargain!

    I used to be a Real Estate Agent, and then a Broker for 2 years. I now undertake in several Property Development and Real Estate Investment projects. When time comes to sell; (I STILL DON'T SELL BY MYSELF!). This is comming from someone who knows the business, who knows the market, and who still uses a Real Estate Office to sell his properties!

    That's because I know how to shop around for good Real Estate Agents, and I know the value added by using a Real Estate Agent!

    This is not to say that ALL Real Estates are good. There are in fact Real Estates which will end up doing nothing more than costing you money. I don't want to mention any names, but 2-3% commission DISCOUNT Brokers will do nothing more than charge you commission and do mostly things that you could do yourself. They will post your home on the MLS, put up a For Sale sign, and ask you to be the Real Estate agent and mail them their check when your house gets sold. Thanks alot right? That 2-3% will only end up being 2-3% more your could have had in your pocket, because they will not really add to the final selling price your home leaves the market with.

    I'm no longer working as a Real Estate Agent or Broker. I have no affiliation with any office. I didn't mention any names, or give you any links, so I'm not trying to get you to use any ONE office. But the choice between using a Real Estate or Selling by yourself, isn't a choice at all. It's like asking yourself if you want more or less money for yourself; well? You want more money, so you're going to use the Real Estate office.

    I hope this was helpful. Best of Luck on selling your home!

    Source(s): Tax Attorney & Senior Financial Consultant; Real Estate Development & Investments; Formerly Real Estate Broker (2) years.
  • 1 decade ago

    It is easy but, you have to understand that you or your mother shall do some of the work if you already decide not to rely on the Real estate agencies. first of all you have to evaluate your house price by searching house in the same area looking to the ads or the news paper or even asking broker, then if the prices are acceptable you will assume the house price little higher than the price you would like to get, in the end some buyers would prefer to get the house with some discount. There are free advertisement in the web sites will help you to sell your house for example www.ratcc.com. You have only to email them send them some photos to show the good things! also your address, if possible the postal code and location either on the map or direct address. your phone number or email to enable the buyer to call you. Moreover put advertisement on news paper/ads places near you place using the same concept describe the benefit of the location and the house facilities or the nice things you feel it gives your house a unique look and made it required!!!!. finally you have to stipulate that all official works to be done by the buyer to complete the process. Also try to make some necessary maintenance or painting, which will increase your chances to get good prices as well.

    Source(s): refer to www.ratcc.com "USA page" or "advertisement page"
  • Anonymous
    1 decade ago

    Why not see if a professional real estate agent or attorney may not be able to freelance in the "for sale by owner" contract as an advisor? The person can be a consultant for the FSBO transaction with a reasonable fee for making sure the paperwork is win-win for buyer and seller. Then, your Mom only needs to advertise on her own and the buyer, agent and your Mom will all get something without the usual fee that the agency charges. It's one thing to cut costs but another to pay more when trying to cut costs.

  • Anonymous
    1 decade ago

    Well, For Sale By Owner is a great way to go. And, the company I work for First Republic Funding has a FREE FSBO System that can help you find a pre-qualified buyer faster, and assist in the process of selling your own home, and keep the Realtor Commission in your own pocket! We provide you with a professional, durable For Sale By Owner sign, and a toll-free number to use on all of your advertising. Then, when people call your toll-free number, they hear 24 hour pre-recorded information about your home! For more information on the Revolutionary FREE Silver Gate System for Home Owners you can IM or E-mail me, and also check out our website: http://gofrf.com/info_01/page_00.rad

    The System is available Nationwide, and should you decide to list with a Realtor for 1% or use Flat-Fee MLS Listing to put your home in front of Buyer's Agents, I can assist you in finding an agent that will do that, also. If you are in Southern CA, we can do all of this for you.

    Source(s): Licensed Loan Officer http://www.gofrf.com/kim.loan
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  • 1 decade ago

    Easy, FSBO, FISBO, they guide you and give you guidance along the way. You sell yourself, but they do the legal works

  • 1 decade ago

    place an ad in the paper. the buyer will have a loan officer who will have all the necessary paperwork.

    if you don't know what you are doing, you should use an agent.

  • 1 decade ago

    she can use enternet like this site maybe ,or just put an advertise on the house so every body can see it,and trust me if she put a good price for it ,she will sell the next day

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