Old Project Avalon Forum (ARCHIVE) - View Single Post - selling a house privately/or using an agent ???

pyrangello · 08-27-2009, 06:29 PM

Exchanger, if you don't have the cash now to finish , don't even think about doing a deal where based on the selling price you'll finish it, that would be a can of worms. Shoot high on your price, you can always come down. If you have that many inquiries think about how high you want to ask and have a set # on how much you'll settle for before you even list the property.

Sell it yourself, you can since the demand is there in your area, you can write the contract up on a form from the office supply, Ex. $1000.00 down non-fundable when you sign for the selling price, loan to be approved and close within 90 days or home goes back on the market and you have 30-60days to move out . Just a sample. the most important issue is obtaining the title work/insurance on the property and the transfer of the property on the day the checks change hands, the title company should be able to set up a closing date and transfer and payoff when you have it all in place. that really is the most important issue, a clear title transfer and you recieving your money , if you have a mortage the buyers will come to the table that day with 2 checks, one for you and one for the holding mortgage company. he title company records it all and makes sure everything is trasferred in their office.

As far as the listing, i would just give a description of the house, Ex. Home on 1/2 acre lot , close to town, 3 bedrooms, 2 baths, master bath is 300 sq. ft with sauna,walk out basement to the pond, home needs some cosmetic finishing , good schools, xxxxxxx

your selling it as is.

Hope that helps.

08-27-2009, 06:29 PM	#17
pyrangello Avalon Senior Member Join Date: Sep 2008 Location: Northern Michigan Posts: 412	Re: selling a house privately/or using an agent ??? Exchanger, if you don't have the cash now to finish , don't even think about doing a deal where based on the selling price you'll finish it, that would be a can of worms. Shoot high on your price, you can always come down. If you have that many inquiries think about how high you want to ask and have a set # on how much you'll settle for before you even list the property. Sell it yourself, you can since the demand is there in your area, you can write the contract up on a form from the office supply, Ex. $1000.00 down non-fundable when you sign for the selling price, loan to be approved and close within 90 days or home goes back on the market and you have 30-60days to move out . Just a sample. the most important issue is obtaining the title work/insurance on the property and the transfer of the property on the day the checks change hands, the title company should be able to set up a closing date and transfer and payoff when you have it all in place. that really is the most important issue, a clear title transfer and you recieving your money , if you have a mortage the buyers will come to the table that day with 2 checks, one for you and one for the holding mortgage company. he title company records it all and makes sure everything is trasferred in their office. As far as the listing, i would just give a description of the house, Ex. Home on 1/2 acre lot , close to town, 3 bedrooms, 2 baths, master bath is 300 sq. ft with sauna,walk out basement to the pond, home needs some cosmetic finishing , good schools, xxxxxxx your selling it as is. Hope that helps.