Home values have risen steadily over the past sixty years. Everyone (even those who should have known better) believed that the rise would go on forever and the entire real estate industry was based on that concept. So the worst happens after house price hyperinflation starts to fall. The bursting of the real estate bubble has led to a re-evaluation of how to deal with or should work with the real estate sector.
Sell your own house without real estate agents
Real estate agents make a lot of sense when the value of homes is steadily rising. Giving up six percent commission to real estate agents wasn’t a problem when someone was likely to make a significant profit on the sale of their property. However, we live in sadder, poorer times, a real estate agent becomes a problem as many people may be selling their homes at a loss.
Legal assistance Own Home Sale
Realize that title companies and escrow companies are going to provide a huge amount of assistance in selling your own home. Still, for legal paperwork inquire with a form and contract provider such as We The People for a retailer or LegalZoom for someone online. A free resource to answer basic questions, if used sparingly and politely, is a title company. Should more unique issues arise, seek legal assistance from real estate attorneys. Many have flat rates for those doing an FSBO (For Sale by Owner).
Sell your own home marketing
Post the home classifieds on every free classified internet service you can discover. Websites such as Craigslist, USFreeads and Backpage do not overlook national services as they can provide you with an investor looking at your area. Place signage over the property, informing any passerby that the home is for sale. Advertise in newspaper publishers such as the Penny Saver or Thrifty Nickel, they will be cheaper than the general, local newspapers. Finally, make a list of a hundred people you can contact who might meet other people looking for a home. Your hairdresser, insurance broker, instructors, pastors, anyone who is in constant contact with or for people will make sure they know you are selling a home.