Home values in the last sixty years have risen steadily. Everyone (even those who should have known better) believed that the rise would continue forever and the entire real estate industry was established on that concept. So the worst happens after hyperinflation in home values begins to sink. That bursting of the housing bubble has prompted a reassessment of how to interact or work with the real estate industry.
Sell your own home without agents
Real estate agents make perfect sense when home values are constantly increasing. Giving a six percent commission to real estate agents was not a problem when someone was likely to make a significant profit on the sale of their property. However, we live in sadder and poorer times, a real estate agent becomes a problem as many people may be selling their lost home.
Sell your own home Legal assistance
Keep in mind that title companies and escrow companies will provide a great deal of assistance in selling your own home. Still, for legal paperwork, check with a contract and forms provider like We The People for a retailer or LegalZoom for someone online. A free source of information to answer basic questions if used sparingly and courteously is a title company. If more unique problems arise, seek legal help from real estate attorneys. Many will have flat rates for those conducting an FSBO (sale by owner).
Sell your own home marketing
Place your house ads on all the free classifieds on the Internet that you can discover. Websites like Craigslist, USFreeads, and Backpage don’t overlook national services as they can provide you with an investor looking in your area. Post signs over the property, thus notifying all passersby that the home can be purchased. Advertise in newspaper editorials like Penny Saver or Thrifty Nickel, they will be cheaper than general local newspapers. Finally, make a list of 100 people you can contact who can meet other people who are looking to buy a home. Your hairdresser, insurance broker, instructors, pastors, everyone who is continually in contact with or in front of people, make sure they know that you are selling a home.
