Kathy Borucki

Great Area! Have you considered buying a lot and a modular home? I say modular since they are less expensive. Blue Ridge Log Cabins, in SC build in NC also. www.blueridgelogcabins.com If you go to thier web site it will show you models and prices. Or go there and see for yourself. Personally, I like these log homes because they are less expensive to build and take a lot less time to build. Just a thought. - Wed May 21 2008, 10:38

I would list it with a professional realtor and have it staged and priced very competitively. Interview three real estate agents and go with the one that will do the best job for you---not just who says they will net you the most money. Go with and agent that knows a few good lenders who know thier products also. I don't know what price range you are in, but you may be able to offer some seller incentives to sell your home quicker. And don't let on that you are desperate to the buyer......just your realtor! Good luck - Wed May 21 2008, 10:25

I wish you luck, Lakeviewguy74! I am a mortgage lender and have worked for the same bank now for over 19 years. I've been originating mortgages for over 30 years, so I kinda have a good handle on the industry. Coming from experience, I've had a few FSBO's go rather well when both parties (buyer and seller) cooperate and 'cover themselves.' Then I've had many more FSBO's that weren't so smooth due to the seller's lack of knowledge about how to market; disclosures; real estate law; contingencies; etc,etc,etc. Also, most buyers do not know how to protect themselves either and sometimes get themselves into trouble in the middle of the transaction.

For instance, let's say the home/condo doesn't appraise? Or, let's say the seller won't move out by the occupancy date? What is the seller took all the fixtures, mail boxes, etc---or didn't mow the lawn for three months? What is your buyer wasn't really pre-approved with a legit bank/mortgage company with a legit approval? What if the buyer no longer can buy your home/condo and they've given you a modest EMD and you've kept your home/condo off the market during 'hot periods' and wasted that time? How many 'no shows' are you willing to put up with and waste your time with for those who make appointments to see your home/condo and then don't show up? Happens a lot! Or holding an "Open House" and having little to no people show up----or just the nosey neighbors?

I am not saying that this doesn't go on with good, professional realtors and a good mortgage lender involved; but at least the professionals will know how to handle it. And these issues are either 'nipped in the bud' or just doesn't happen as often. I know when I get a FSBO (which I am very good at handling all the way around as a mortgage lender) I know I am going to have my work cut out for me from beginning to end.

Really, you do what you think you have to do. I just wanted to point some things out to consider while making your decision to either use or not use a professional real estate agent. I know I breath a sigh of reliefe when my borrower or seller has one!!!! Good luck to you! - Wed May 21 2008, 09:42

Interview three of them and pick who you think would work best for you and with you. You will know who will list your home reasonably. Kathy - Mon May 19 2008, 09:08

Hi Clarissa! Yes, HUD homes do require more paperwork and sometimes you won't get an accepted offer signed for up to six weeks in some cases. However, once you get a couple under your belt, you will do just fine. There are incentives for these HUD homes also. FHA will pay the real estate agent up to $500 extra. Also, the buyer can buy a HUD home for as little as $100 down and still get up to $2500 towards repairs or closing costs. If you want I can send you information on it. Kathy Borucki - Mon May 19 2008, 09:04