Home Selling in 33411>Question Details

Hopetosell, Home Seller in West Palm Beach, FL

I'm selling my condo FSBO, and I'm willing to do some legwork for closing. Will that cut costs of closing? Are there flat rate title agents?

Asked by Hopetosell, West Palm Beach, FL Sun Aug 8, 2010

here?

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I have not heard of a "flat rate" title agency. Keep in mind that the title policy itself is a promulgated rate in Palm Beach County thus that amount will be the same across the board as will state doc/stamps. Those amounts are based on the sales price of the property. Other items/fees (paid for by the seller)one would see on a closing statement are estoppel fee, lien search, digital imaging, courier fees and the fee for itself for the closing.

I suggest you check various title companies for their fees. One title company that many of my sellers have used is Princeton Title in Boca. Their fees are low and their service is terrific. Here is their telephone number: 561- 886-0494. Also, here is their website address which will give your more info:http://princetontitlefl.com/whoweare.htm

Good luck on the sale of your condo!


JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
joanmoorerealtor@gmail.com
http://www.linkedin.com/in/joanlorberbaummoore
1 vote Thank Flag Link Sun Aug 8, 2010
Hello:

FSBO needs to be careful, need to find out whether and what type of financing, need to keep detailed records on any potential buyers for your own safety, make sure any buyer has proof of funds to close or a valid pre-approval letter and that any buyer is legitimate and not trying a scam way of purchasing. (a lot of that in the market place).

Good luck,

Maricel Zaldumbide
Short Sale & Foreclosure Specialist.
mrealty08@gmail.com
http://www.allianzerealtygroup.com
0 votes Thank Flag Link Mon Aug 26, 2013
Hi
Check out my fsbo tips. I have a network of really good agents if you need a free referral in and around West palm beach. Best Wishes, Gerry
http://www.youtube.com/watch?v=AAOVoR7LFvY&sns=em
0 votes Thank Flag Link Sat Aug 17, 2013
Check out this FSBO video http://www.NaplesFloridaUS.com
Scroll down page to bottom in middle column. Its worth watching trust me!
0 votes Thank Flag Link Tue Aug 13, 2013
Hope to sell -

There are many success stories of FSBO sellers...
There are also many others that had difficulties and cost the seller time and money...

There are times when I would personally consider FSBO...

However, I do occasionally question the wisdom of the FSBO Seller. Depending on the property itself; the supply and demand, condition of that exact property - If for example there are 4 other "similar" properties available in your area - and your property (even if the best) is not visible or shows a reduced commission, the Realtor will likely skip your property and show the others...

I believe statically speaking the sale price is higher when sold by a Realtor -
And often the result will typically provide a higher net to the seller - even after paying the higher commission - the seller walks away with more -


Good Luck with your mission - If you have difficulties and desire the assistanec of a Realtor -

Gary 561.306.7653
Web Reference: http://www.garyyoungman.com
0 votes Thank Flag Link Tue Aug 13, 2013
I find it interesting how every agent who responded was nothing more than doom & gloom for this seller. We sold
our home by ourselves and paid a realtor a flat rate to do the paperwork.
As far as the realtor who "wouldn't touch this property with a 10' pole".....if this seller called you to list it, you'd raise
the flag lined with your business cards!
Good luck, Hopetosell. Hang in there.
0 votes Thank Flag Link Sat Jun 9, 2012
If you are serious about trying to sell your condo yourself, I would recommend:

1. Paying an experienced real estate attorney to review any contract paperwork.

2. Need to find out whether and what type of financing your condo is approved for.

3. Need to keep detailed records on any potential buyers for your own safety when showing the condo.

4. Make sure any buyer has proof of funds to close or a valid pre-approval letter from a GOOD mortgage company and that any buyer is legitimate and not trying a scam way of purchasing. (a lot of that in the market place).

5. Budget significant dollars for marketing your property (your condo may not allow any signage)

6. Do a detailed market analysis to ensure you get top $$ for your home. (Statistics show this does not usually happen when selling by yourself)

I firmly believe that professional realtors bring significant value to the sales transaction, particularly in a buyer's market that is going to continue for several years yet.
0 votes Thank Flag Link Sun Aug 8, 2010
Myke,
Perhaps you are not aware that in Palm Beach County it is customary for the seller to pay for the lien search and the title policy and because the seller is paying for same they can choose the title co.

This came about because the courthouse holding all records burned down many years ago. Thus, it became the burden on the seller to provide same.

JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
joanmoorerealtor@gmail.com
http://www.linkedin.com/in/joanlorberbaummoore
0 votes Thank Flag Link Sun Aug 8, 2010
Boy , I agree with Tom

Hope, you have little hope of getting this done. But we don't want to keep you down, but please let us know how you do and how quickly. It's still a falling market (not sure about WPB but here is about 1% per month)
So Hope if you have a 200,000 condo - its loosing $2,000 a month every month you don't sell.
In September its a 198,000 condo.

And remember Hope, you are not Selling your condo FSBO, you are trying to sell your Condo FSBO. Be sure to get the right price.

We would love to hear from you as you travel this path.
0 votes Thank Flag Link Sun Aug 8, 2010
Amazing to me--so you are able to conduct title search? As the buyer, there is no way I would purchase the property from you with a title agent that you hire in order to save money. What a title company charges is peanuts--most of the closing costs go to other things, such as prepaids, documentary stamps (state tax), and some protections that the buyer pays for. Take a minute and look at it from the buyer's perspective!! And, it costs the buyer nothing to use a realtor--as a realtor I wouldn't touch your property with a 10 ft pole because of the liabilty questions.

Good luck,

Myke Triebold, gRI, LMC
MykeSaysSold@aol.com
http://www.DestinHomeRealtor.com
850-305-6256
Web Reference: http://www.MykeTriebold.com
0 votes Thank Flag Link Sun Aug 8, 2010
Hopetosell,

Best of luck with the sale of your condominium; with a total of 1.665 condominiums currently listed in West Palm Beach you have much competition and will really need to make sure yours stands out in order to be successful with a sale that will bring you the most money in the shortest amount of time. I would recommend that you speak with a Realtor® about the services they can offer and while I know that commissions are expensive in most instances they are the best money a Seller can spend in a market still recovering. Hoping to sell is not an effective strategy but perhaps it might work for you.

I am not sure what type of closing costs you are trying to cut. Some of the expenses you are going to end up with are negotiable as part of the purchase agreement, many are fixed and probably the only two that you are inquiring about are fees for closing services and the title search. You can surely call around and get comparative numbers from as many Title Companies as you would like and pick one that you fill will best suit your needs

Again, the very best of luck and if you do get to the point of wanting to discuss the listing of your unit I would be very happy to show you how my services will in the end pay for themselves, and then some.


Always at Your Service,

Tom Priester e-PRO
"Results Driven Real Estate"

Keller Williams Realty
561 308-0175
tom@tompriester.com
Web Reference: http://www.tompriester.com
0 votes Thank Flag Link Sun Aug 8, 2010
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