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How to sell your home without an Agent, part 2.

  • Check  financing at least once a week with the mortgage Broker so that you can help the buyer  
  • understand their down payment and monthly payments.
  • You will need to buy a amortization table from your local bookstore. Be prepared to explain loan types  to prospects.. back end and front end ratios..You must understand this or you could spend months with a buyer who can not get financing.
  • Beware of contingent offers.. the property could be tied up for months or even years. The buyer could be a dealer who wants to hold the property as if it were a option  that would be exercised only if another buyer is located.
  • Understand fully the tax consequences of the sale.  Have you cosidered the advantages of a tax- free
  • exchange where you choose the property you recieve?

If you are determined to sell your home yourself, I wish you good luck. I will, however, be here if you would like to discuss some of the advantages of having agency representation.

 

Thanks..I hope you enjoyed this post.

 

 

 

 

 

 

 

 
3 comments on ActiveRain...
Author

Jody Orns
Coral Shores Realty
Pompano Beach, FL

Cell Phone: (954) 673-9222

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