Home Selling in Weslaco>Question Details

Xavier E. Ca…, Home Seller in Weslaco, TX

Want to put house up for sale. Weslaco, TX. Need someone who can give solid advice.Whats the first step?

Asked by Xavier E. Casanova Jr., Weslaco, TX Mon Apr 14, 2008

I built a home last December and now want to sell. 3,600 total sf, 4br, 3 full bath on an acre. Stucco / Brick combo. Beautiful life tile roof. Pecan Grove sub division off of 1015. Biggest lot in the sub division. Need good, solid advice. Why should I go through a realtor? Fees? Why shouldn't I put a FOR SALE BY OWNER sign in front of my home? Want to get the ball rolling. Not in a hurry to sell, but want to get my home out on the market.

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Sounds to me like you intend to go FSBO. I suggest that you find a good agent to do a CMA, and that you be candid about your intent. The agent will likely do a good CMA in the hope that you will list if you are not successful.

In fair exchange for this service, ask the agent for a stack of business cards, and hand them out with a recommendation to any lookers who come to your house.

As for the pitfalls of going FSBO, I cover that extensively on my Web site.
2 votes Thank Flag Link Mon Apr 14, 2008
Xavier. Go for it! Sell it yourself! When you have successfully negotiated the contract to within 97% of your asking price then come back and tell us how easy it was and how you will do it again! After it closes you can come back and update us on how you are going to become one of us instead of role playing! And if you get sued by the buyer because of something that you didn't disclose; even if you were not aware of a fact; you can sue yourself instead of one of us! If you do decide to use a REALTOR, don't go with the REALTOR who offers to discount their fees! This is Average Frustrated behavior that doesn't help with the marketing of your property! Think about it, if a person is wiling to negotiate away a piece of their livelihood, what makes you think they wont negotiate a piece of your equity away too? Just one of many pieces of valuable info you will need when choosing the right REALTOR!
0 votes Thank Flag Link Mon Apr 14, 2008
If you need good solid advice, that is step one on why you should hire a realtor.
For Sale By Owners, typically sell for much less than homes listed by a realtor.
It also helps you to limit your liability and gives you access to so much knowledge and resources that you as a non-realtor just don't have that can make or break the deal or make it a winner vs a loser for you.
Just a couple of easy questions that almost all realtors know, but sellers aren't always familiar with are:
Which type of financing nets you more money---FHA, VA, Conventional or a Cash buyer or does it make a difference? If the buyer wants to use FHA financing, will your home qualifiy? If you've signed the contract for the buyer to use FHA financing and your home doesn't qualify how do you cancel the contract? Which lenders in your area are known for closing on time and which never close on time? How can you tell if the lender is working on the financing? These are just a few of hundreds of questions a Realtor likely knows the answer to or has lots of resources to call upon at a moments notice to clarify, but you as a typical seller don't. Each business has it's own resources, knowledge and details. You probably are an expert at your industry and know lots of things we don't....but the same is true for our business. Could you wire your own home? Could you build a brick your own home? Could you roof your own home? Yes you probably could, but is Home Depot the cheapest place to get shingles or brick? What's the standard overlap, what's the difference between a 20-30-40 year shingle? Get the picture?
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Mon Apr 14, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX

I am a local REALTOR and would be happy to sit down with you and discuss the pros and cons with you of going either way. I am familiar with the Weslaco area and the current market, so I believe that I can give you some helpful advise.

Steve Tennison
RE/MAX In The Valley
0 votes Thank Flag Link Mon Apr 14, 2008
1) Per the state of Texas all sellers for real estate must follow the laws ~ unless you know the State of Texas laws for selling real estate you can be sued , there are many seasoned buyers out there that look for for sale by owner therefore they can sue you since you are not educated in the laws.
2) If anything should happen you are covered under the brokers e & o insurance policy therefore it would be the broker getting sued not you.
3) All homes for sale by owner as busy realtors go direct to the MLS, do you realize as a busy agent how many qualified buyers I have in my car that could possibly buy a for sale by owner property while we are in the area however we continue and drive past your home we don't have the time to make the calls, schedule and appointment convenient with the seller, and then try to due a contract with a seller that knows nothing about pricing a home, terms and conditions for the contract and etc.
4) Real estate agents qualify there buyers prior to showing a property, are you willing to open your door up to a total stranager allow them to walk thru your home. Many robbers see this is a GREAT way to get into your home determine what they can return for later when you are not there.

Just a few minor issues, look for a seller flat fee listing agents therefore it home is posted in MLS, you have the broker e & o insurance, listing agent has to represent you.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Apr 14, 2008
Xavier, as a real estate professional even I wouldn't list my home for sale by owner. The exposure that the MLS gives, the advice that agents give and the fact that homes that are marketed professionally typically net 12% more than homes for sale by owner make it more than reasonable to list it. A good agent can get the word out in more ways than just the MLS. That is just the beginning with my marketing program. Also with FSBO's we see a great many tire kickers calling to see the house. Most agents only work with qualified buyers. Why count on someone to drive by the house, or look in the paper, to see that it's for sale? Why worry every time that you can't answer the phone or are out of town for the weekend and can't show the house? Hire a professional. Good luck with your sale!
Web Reference: http://www.christesch.com
0 votes Thank Flag Link Mon Apr 14, 2008
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