Premier Newsletter Issue#1 Selling your Home for Sale by Owner
By: Michael Scoglietti
Not only is it going to become MORE difficult to sell beginning in November, due to the season, which traditionally slows down over the winter months, but the housing market is also going into a slump that's long overdue.
One reason for the slump, is that everyone has been holding their breath and hanging on to their money until they see which direction the economy will go. We've been waiting for the bubble to burst, for about 3 years now, and it may be about to happen. Politics may also play a key role. Prices in some states are down nearly 20% from their highs a year ago. Michigan is amongst the hardest hit, probably related to the down turn in domestic auto sales.
You could save a chunk of money selling your own home right now, and banking it until the "Bust" is over. The "Insider" suggests using every avenue to get your home sold.
Four Steps to make your Home For sale by Owner Successful
1. Why Sell For Sale by Owner
For starters, there's those big fat commissions that you'll save. Brokers around the country charge as high as 8% of the selling price for their services.
It's against the law in most, or all states for brokers to refuse to negotiate a commission, but if you've ever done it, well, you get the idea. There are a few discount brokers, but it's most often true that you get what you pay for.
You can do it yourself fairly easily with a little assistance. You could hire a Real Estate Attorney, who will usually charge roughly 1%, to answer questions, do the legal work and represent you at the closing.
Actually, if you choose to do it yourself, the title company and bank usually do the closing. All you need to do is find a willing buyer, take an offer, make any counter offers, (Counter Offers Void the Original Offer), and make sure you get all the proper legal forms filled out.
Make sure that you use EVERY avenue, including on-line, to advertise your For Sale by Owner and you CAN do it! DynamicTrends is a great place to start. Everything you need to be successful is there.
Article Source: http://www.content.onlypunjab.com Mike Scoglietti the "Insider" shares almost 40 years of financial and political experience with close friends and others interested in learning from that experience. Visit us at www.dynamictrends.com/dynamic-trends-newsletter.html , or just become a subscriber - FREE- for a fresh and original perspective on today's financial and political issues.
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