From time to time, a homeowner can be put in a situation where they really need to sell their property fast. As a FSBO seller, there is one strategy you should incorporate.
Selling Your Property Really Fast As A FSBO Seller
From time to time, life can creep up and bite you in the derriere. Events such as losing your job, massive medical bills and so on can create a need for you to sell your property and sell it NOW! If this occurs, you almost always need to take the route of selling your home without a real estate agent. The reason you should go this route is to avoid paying the real estate agent commission of six percent that it typically charged. Take a minute to figure out what six percent of your asking price is and you will understand.
For whatever reason, you have come to the realization that you need to move your property quickly. What strategy should you employ? Well, you can list it on the market at a price lower than comparable homes in your area. While this should eventually lead to a sale, there is no telling how long it will take. It could be a week or six months. Obviously, you need something quicker.
One strategy to aggressively move your property is to start calling mortgage brokers. No, you are not looking for a loan. A mortgage broker, however, should have parties interested in your property. A mortgage broker is in the business of locating the best mortgage loan prices and products for homeowners. More importantly, many real estate investors use mortgage brokers to handle all of their financing needs. Since an investor is buying multiple properties over and over, they simply don’t have time to deal with the mortgage process on their own.
When contacting mortgage brokers, you are looking for experienced brokers with over five or ten years in the business. These individuals almost always have multiple real estate investors as clients. The investors, in turn, have a standing instruction to the mortgage broker to keep an eye out for any investment opportunities. I think you can see where I am going here. The mortgage broker is your link to investors who are ready to buy and ready to buy now. These people do not quiver. They will analyze your home and make an offer the same day if they are interested. If the offer is acceptable to you, the property is sold quickly and you have met your goal.
Will the investor offer lower than you are asking? Yes, but everything is negotiable. Since you are a FSBO seller, you will also have room to move on pricing given the savings you will make by not paying real estate agent commissions.
Raynor James is with the site - FSBO America - sell your home for sale by owner and avoid paying realtor commissions.