Do you need to sell your house - fast?? Below are 4 different methods on how to sell your house. Depending on your situation, one method may be better for you than the others.
List your house with a Realtor -
Listing with a Realtor is the most traditional way to sell your house. Realtors have been trained and certified to represent you and to help you get the best price for your house. They want to sell your house as much as you want to sell it and pay out of their own pocket to advertise your house for you. Realtors typically charge a 6% commission (1-1/2% to the Seller's Agent, 1-1/2% to the Seller's Agent's Company, 1-1/2% to the Buyer's Agent and 1-1/2% to the Buyer's Agent's Company). During these difficult times, however, Realtor's may be willing to reduce their commissions to be in a better negotiating position to finalize sales.
For Sale by Owner -
This method is not as difficult as it may seem - and you can save a great deal of money by not paying Realtor commissions. The first thing to do is to find a good Real Estate Attorney. They typically cost a fraction of what a Realtor would and they provide the paperwork needed to create a sales contract as well as perform the closing. Next, start advertising, either on the internet, newspaper, word of mouth. You can set up your own Open House like a Realtor would (be sure to bake some cookies for a great smelling home).
Short Sell -
In order to avoid a foreclosure, you can sometimes work out a deal with your lender to accept less than what you owe on the home as a payoff. You then need to find a buyer - but don't worry - there are investors looking for a deal and want to buy houses that they can turn around for a profit. You have to complete similar paperwork for this option as you would for a loan modification (ie. hardship letter indicating you are unable to make your payments) and a foreclosure needs to be pending.
Rent Back Sale -
Let's say you found an investment buyer, but you still need a place to live. A Rent Back Sale is an agreement that allows you to rent the house after you've sold it. This option offers a lot of flexibility for you as the seller, as long as your buyer is willing. The Rental Agreement is as important as the Sales Agreement and Contract. Make sure the terms of the rental are finalized prior to the sale.
If you want to read more about these methods as well as tips on making your house "show ready", visit my blog, http://fasthousesales.blogspot.com/.
Article Source: http://EzineArticles.com/?expert=Janet_Crockett
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List your house with a Realtor -
Listing with a Realtor is the most traditional way to sell your house. Realtors have been trained and certified to represent you and to help you get the best price for your house. They want to sell your house as much as you want to sell it and pay out of their own pocket to advertise your house for you. Realtors typically charge a 6% commission (1-1/2% to the Seller's Agent, 1-1/2% to the Seller's Agent's Company, 1-1/2% to the Buyer's Agent and 1-1/2% to the Buyer's Agent's Company). During these difficult times, however, Realtor's may be willing to reduce their commissions to be in a better negotiating position to finalize sales.
For Sale by Owner -
This method is not as difficult as it may seem - and you can save a great deal of money by not paying Realtor commissions. The first thing to do is to find a good Real Estate Attorney. They typically cost a fraction of what a Realtor would and they provide the paperwork needed to create a sales contract as well as perform the closing. Next, start advertising, either on the internet, newspaper, word of mouth. You can set up your own Open House like a Realtor would (be sure to bake some cookies for a great smelling home).
Short Sell -
In order to avoid a foreclosure, you can sometimes work out a deal with your lender to accept less than what you owe on the home as a payoff. You then need to find a buyer - but don't worry - there are investors looking for a deal and want to buy houses that they can turn around for a profit. You have to complete similar paperwork for this option as you would for a loan modification (ie. hardship letter indicating you are unable to make your payments) and a foreclosure needs to be pending.
Rent Back Sale -
Let's say you found an investment buyer, but you still need a place to live. A Rent Back Sale is an agreement that allows you to rent the house after you've sold it. This option offers a lot of flexibility for you as the seller, as long as your buyer is willing. The Rental Agreement is as important as the Sales Agreement and Contract. Make sure the terms of the rental are finalized prior to the sale.
If you want to read more about these methods as well as tips on making your house "show ready", visit my blog, http://fasthousesales.blogspot.com/.
Article Source: http://EzineArticles.com/?expert=Janet_Crockett
