Let's think about this for a moment. Their own site says that this is a great place to go if you don't want to "supply much financial information" or if you "don't have stellar credit." Now, I understand that there are folks who have made financial mistakes in the past, but do you really want to take a risk lending money to someone who has made those mistakes? And that's exactly what you're doing if you do owner financing, lending money to the Buyer.
Your choice, but if I were selling my own home, I wouldn't take that sort of risk. Advice like this is something that you can expect from a Seller's Agent, who would be working solely on your behalf.
And let me know if you have any other questions along the way.
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That being said, here are a couple of reasons why using a real estate agent or a REALTOR is a smart thing to do. First off, anyone who is able to use the Multiple Listing Service will be able to expose your home, along with great photos and a vivid description, to not only all of the agents in the area, but also to any of the prospective Buyers on the web. The exposure is so much more, due to the web distribution, than what an individual owner can do on his/her own. Additionally, a REALTOR will be pitching your home to like-minded REALTORS to spread the word (I closed a home today with my Buyer - we had been looking for 9 months! We found this home when another agent in my office pitched it in the sales meeting - before it even came on the market). The second reason is the same reason you hire an attorney to handle legal issues - the amount you spend could save you untold fees if something goes wrong. The relief of liability is worth every penny!
Now, I would suggest you consider a REALTOR over another licensee for a couple of reasons. First, we have a code of ethics that we have to abide by. If you feel wronged by a REALTOR, you have the right to have an arbitration hearing to investigate further. This is in addition to any potential penalties from the Colorado Division of Real Estate. Real estate agents do not offer this protection to you. Second, REALTORS typically have more training and more information at their fingertips to be able to help their clients. I don't know about you, but I want whoever is the most knowledgeable about a subject to be able to help me.
I wish you the best of luck in your sale. I will not tell you that you shouldn't sell your home yourself, but I would recommend finding a REALTOR, as it may just make your life so much easier, and safer.
PS - with inventory down right now, it's a pretty good time to have your home exposed to as many Buyers as possible - there's a good chance that he/she is out there. Listing on Friday, competing offers from two different agents Monday. If the Sellers had "listed" it themselves, these agents, and their Buyers, might not have even known about the home.
How about interviewing a few agents and see whom you feel comfortable with?
I would be happy to meet with you to share ideas and see if you would want me to help.
Post it with http://www.postlets.com and your listing will be syndicated to many websites including Trulia.
Most agents can't even sell homes in this market. I wish you the best of luck.
Trulia does not accept for-sale-by-owner listings. You must either be a real estate agent/Broker or landlord to post homes for sale or for rent on the site.
However; you may wish to post a blog about the property.
Zillow.com and Craigslist.com will accept owner listings.
Prudential Connecticut Realty