Advise for selling/buying house

[COPPERHEAD42]

Were going to be selling are house soon and hopefully buying another with a shop and more property. Were going to try selling it by owner first.any one have any advise, things to do, things not to do? Also what to look for in a new home, we have a place we found we want and the people dont have it for sale yet and are kinda waiting on us to sell ours.

 

[Bones]

Sold my divorce house in KC FSBO with zero trouble. Granted it was in a newer 'hood with lots of real estate traffic and homes for sale. Just popped a sign in the yard and it was gone in a few months. Got a contract from KC Title and that was that. Closed ~30 days later.

Bought the next from a guy on a FSBO website. Again zero hassles and no dicking with a realtor. I like buying FSBO if you know what you want and where, etc. Selling sometimes you need their network to get the word out more. Can't hurt to try it on your own

 

[Travis]

The mortgage companies make you jump through hoops now. 10 years ago, I bought my first house. It took 2 phone calls to my mortgage broker, then I closed on it. Things have changed a lot. This time, I had to provide a lot more paper work, bank statements, 401k statements, tax returns for the past 3 years, etc. I probably talked to my mortgage lady 2-3x per day everyday while going through the process. It'll be a while before I buy another one, just because of the hassle. I was buying from family, and it should have been a smooth process.

 

[BamaTJ]

The mortgage companies make you jump through hoops now. 10 years ago, I bought my first house. It took 2 phone calls to my mortgage broker, then I closed on it. Things have changed a lot. This time, I had to provide a lot more paper work, bank statements, 401k statements, tax returns for the past 3 years, etc. I probably talked to my mortgage lady 2-3x per day everyday while going through the process. It'll be a while before I buy another one, just because of the hassle. I was buying from family, and it should have been a smooth process.

X MF'N 2

**** was terrible!

 

[kid rok]

I would use a realtor, It's just smarter. Theres alot of little ins and outs that can make and break you when buying a house. A good realtor is well worth the money, and in alot of cases will save you a ton of money as well. Remember just because your buying or selling a house as is. doesn't mean your free of responsibility. As my lawyer once said " You bought your house as is, in your mind good condition, I believe you have a case".

 

[InDaShop]

X MF'N 2

**** was terrible!

X MF'N 3

I just refi-d for a stupid low rate, and it was hardly worth all the hoops and bullshit. They asked for blood, and body cavity search it was so indepth!

 

[B Gillespie]

I would use a realtor, It's just smarter. Theres alot of little ins and outs that can make and break you when buying a house. A good realtor is well worth the money, and in alot of cases will save you a ton of money as well. Remember just because your buying or selling a house as is. doesn't mean your free of responsibility. As my lawyer once said " You bought your house as is, in your mind good condition, I believe you have a case".

This.

Brokers have a fiduciary duty to act in the best interest of their party. Always get an inspection when buying a house. Perform an in-depth title search. Research the deed to spot encumbrances. If you suspect boundary issues on rural property (or city property) for that matter, have the property surveyed to quiet title before your option period expires. Check for any HOA, deed, or zoning restrictions before option period expires. If you have an uneasy feeling about language in the contract, have an attorney look at it. Always purchase title insurance.

Any money spent on the front end of a real property purchase will serve two functions, protection against future litigation and liabilities, and piece of mind.

 

[Travis]

X MF'N 3

I just refi-d for a stupid low rate, and it was hardly worth all the hoops and bullshit. They asked for blood, and body cavity search it was so indepth!

I thought they were going to ask for the rights to my first unborn child. It was freaking ridiculous, but too good of an opportunity to pass up.

 

[CHASMAN9]

Were going to be selling are house soon and hopefully buying another with a shop and more property. Were going to try selling it by owner first.any one have any advise, things to do, things not to do?



As for things to do and not to for showing, take down all your pictures of mom, dad, kids, dead relatives, relatives you wish were dead. People want to visualize what the house would be like if it were their own. Take out all the "what not's" and cute little items and un-needed furniture. Make rooms as sparse as possible, let them visualize the house with their own crap whether your's is better or not. Paint colors are important as well. If your daughter's favorite color is Britany Spears p___y pink, they might not have a daughter that will appreciate it. Paint it neutral colors, beige's etc. And for God's sake, get rid of Aunt Biddies rotting corpse in the basement.

 

[tincan]

If I was selling a house in this market I would use an agent. However must agents suck, I own a real estate company with lots of agents, The reason I say list it is in this market all the buyers are smart, educated, and have money, People like that are smart enough to hire people to do the work for them. So there for if an agent has a buyer they are going to show houses that are listed, many they are going to get paid, 98% of houses that sell right now are through agents. Just my 2 cents and again I dont really care for agents

 

[BamaTJ]

I would use a realtor, It's just smarter. Theres alot of little ins and outs that can make and break you when buying a house. A good realtor is well worth the money, and in alot of cases will save you a ton of money as well. Remember just because your buying or selling a house as is. doesn't mean your free of responsibility. As my lawyer once said " You bought your house as is, in your mind good condition, I believe you have a case".

I would expect this from the guy married to a realtor.

 

[J.A.B]

Just watch a friend go through hell buying a house due to the reality company. He paid cash for the house but it seemed like they did their best to drag it out weeks on weeks of bull ****. They even tried to talk him into financing for some reason - not sure what effect cash or financed would have eon the realtors commission but they did push it several times.

I did not use a realtor when I bought mine and would avoid if I could - however I did buy from family. Ultimately its the buyers responsibility to make sure they are getting what they paid for just like a car or any other purchase. Crawl all under and through the house - if there is a problem you will see it

 

[COPPERHEAD42]

If we sell our house either way with your without a real estate , if we buy the house we want it will not be threw the real estate because he does not want to use them. I guess I will cross the bridge when i get down there. Ya we have taken out tons of furniture and are staging it for lookers. Hopefully we dont sit on it long

 

[B Gillespie]

Just watch a friend go through hell buying a house due to the reality company. He paid cash for the house but it seemed like they did their best to drag it out weeks on weeks of bull ****. They even tried to talk him into financing for some reason - not sure what effect cash or financed would have eon the realtors commission but they did push it several times.

Mortgage brokers also collect commission. Possible kickback?

I did not use a realtor when I bought mine and would avoid if I could - however I did buy from family. Ultimately its the buyers responsibility to make sure they are getting what they paid for just like a car or any other purchase. Crawl all under and through the house - if there is a problem you will see it

Real estate agents/brokers are bound by law to represent their client's interests, this includes due diligence with title searches, inspections, etc. If a major problem is found with a recently purchased property and a reasonable real estate agent would have easily spotted problem, the agent is liable for damages.

Responsibility falls on the seller to disclose all known, or reasonably known problems (past or current leaks, faulty electrical, etc.), the listing agent to conduct reasonable searches with title, easement, and structural integrity, and the buying agent to conduct inspections and spot potential issues. Therefore, it is often a complicated mix of responsibilities requiring persons to act in good faith.

Many litigated issues regarding real property do not involve something structural.

if we buy the house we want it will not be threw the real estate because he does not want to use them.

This is suspect.

 

[COPPERHEAD42]

This is suspect.

I would agree but this is a very close family friend we have known for 20 plus years and they will get more money and we will get it cheaper without real estate

 

[InDaShop]

The best ****ing overs I've ever seen have been between family or family friends.

 

[COPPERHEAD42]

True , my dad had over 15K in cash stolen from him by my best friend that pretty much lived with us for 3 years but this they are offering us a good price on this place and its exactly what we are looking for. My parents have bought alot FSBO and never had any issues.

 

[J.A.B]

One less middle man the better of you are - cash deals eye to eye and hand shakes are always best - just my opinion but you can get burned in anything if you let happen.

Brokers and Realtors I think are most handy when trying to sell but I just like to go straight to the source when buying. Nothing against either - hell I make my living as a broker

 

[B Gillespie]

Blah, blah, blah... and never had any issues.

Admittedly, I am a little jaded. I often read and write about bad situations and worst case scenarios. "Good" people do not get into case law books.

- cash deals eye to eye and hand shakes are always best -

Are these transactions occurring less in light of recent economic, lending, and mortgage policy changes?

 

[kid rok]

I would expect this from the guy married to a realtor

Ya, Mama needs a commision check.
I used to have my license to, but realestaeting's not for me.