For Sale By Owner Marketing Generates Mortgage Leads

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

One of the best ways to generate mortgage leads is through working with home sellers
who are going it alone as for Sale By Owner or FSBO.

The key to FSBO marketing is creating partnerships with home sellers. Since almost
every buyer needs a mortgage, you provide a necessary service that will enable
a seller's home to be sold. Real estate agents traditionally refer buyers to loan
officers during the home-selling process, but with FSBOs, there is no agent. That
means the seller assumes the role of referring buyers to loan officers and that's
where you come in.

Most sellers are not very familiar with the process of selling real estate and will not know that they should require interested buyers to be pre-qualified prior to accepting an offer. Help sellers understand that you can save them oodles of time by pre-qualifying their potential buyers is a literal gold mine. You could also prepare a flyer on a variety of loan types and payments for a mortgage on that seller's home. FSBOs want to sell their home and, therefore, they will give your business card to everyone that comes through. That means fresh mortgage leads for you, whether for this property or another one.

The most effective way to secure relationships with for-sale-by-owner sellers
is to offer more than pre-qualification services. FSBOs need marketing help like
a free ad on a for-sale-by-owner website and promotion to buyer lists. They also
need sample contracts and disclosures, industry contacts like title companies
and appraisers, yard signs, and even home flyers. These items can be bundled together
into a "for-sale-by-owner kit," which can be offered to sellers in exchange
for the opportunity to pre-qualify all buyers showing interest in the home.

You can use a variety of sources to locate FSBOs in your area, including:

  • Local Newspapers
  • Yard Signs
  • Paid service that scours websites and newspapers every day

Some of the popular methods of contacting FSBO sellers are:

  • Phone
  • Direct Mail
  • Door Hangers
  • Web Links

Most FSBO sellers will be very enthusiastic about the services you can offer them and will gladly refer buyers to you. Additionally, the sellers themselves will most likely need a loan to purchase their next home, and, having established a professional relationship of trust with them, you put yourself in a great position to provide that loan. That's another mortgage lead.

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Source by Nate Garin

Realtor Commission Fees

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Many people wonder if their realtor should be paid their commission or give a credit back to them, well the answer is simple; do you want a junk car that is shiny and pretty on the outside or do you want a solid investment that will not kill you in the end? Buyers agents get paid from the listing brokers. The listing brokers negotiate commission paid with the sellers at the time the listing is taken. Usually 6% of the total sale amount, that is split two ways between the agents.

Some sellers that want to keep all their profits and not get quality guidance from their agents could ask for a reduction in fee's. However, agents do not get paid before a closing.They spend their own money on marketing, showing, detailed reports and it goes on. Now if a seller expects the agent to do all of this and not pay them what they deserve, the seller would be better off trying to sell their property in the dark with no guidance at all. A bad Realtor is just that … BAD. They can ruin a sale, give wrong advice, be selfish in pricing and not care about anyone but themselves. Those are the agents you want to steer clear of. Figure your boss telling you that your not getting paid that day because he wanted to save to buy a new car, what would you do? Yell, quit, report them? It is no different. After all, you go to work expecting to be paid what you agreed to when you got hired. Now why would sellers and buyers think any different with Realtors?

Agents may make more money at one time but there are several weeks and sometimes months of work and spending involved in a sale. Even more so for commercial sales so in reality they are getting paid as one would have gotten a check every two weeks that has been held and held and held over a period of time and then released. What if your boss was to under pay you because they wanted a new car or something else? Would you allow that? Would you do the best you could? Then do not under pay your agents! Agents that have their own proven success, not a team but an individual agent themselves, that is the one you should want to work with either to list your property or to buy. This is a great time to sell and buy in real estate but be wise with your agent selections and pay them what they should be paid.

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Source by Samantha Starling

How to Successfully Convert FSBO’s to Your Listings

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

I’ve been in real estate now for over 10 years. I started with no sphere of influence and in a totally new area after moving across the country to relocate. In my first year, I was International Rookie of the Year with over $12Million in Sales. One of my main target markets was For Sale By Owners.

I learned some key pieces to actually getting these prospects to become my clients, here is the plan for conversion:

The first step is to actually have a real Action Plan for converting FSBO’s to your Listings. The Action Plan should span over 90 days for the high intensity contacts, and then convert to a lifetime of „touches“ to make sure that they stay your clients and customers for life.

The initial step of the Action Plan is to find prospects: you can use a variety of sources including the newspaper (online and offline), FSBO specific sites and driving around areas. Once you’ve found them, you need to add them to your Action Plan and make that initial call.

The initial call should be something that is comfortable for you. It should not be threatening or question their intelligence. You’re probably laughing at this one, but when I started there was a colleague of mine who was also targeting FSBO’s – he would come to the office early in the morning and start making calls. You have to admire him except that he would always cut off his initial call script within 30 seconds because they hung up on him!

The reason for his massive failure was that he took a course from a highly regarded and successful real estate trainer (albeit one that had never actually sold a house!). This trainer taught him the script that I hear way too often: „Hello, this is Joe Smith – is the owner around? Great, I understand that you are trying to sell your home yourself, is this correct? Wow do you know how many people try that and then end up listing with a realtor within 30 days? Do you realize that people have actually been killed trying to sell their home by themselves?…“

The conversation was one based on fear and insulting their intelligence. What would you do if you received that call at 7:00 AM (or anytime for that matter)? You would become angry and hang up too!!!

The other mistake script is telling them that you have a buyer that you would like to bring by. The only problem with that is that you really don’t have one and then you show up to see the property and use an excuse that your buyer couldn’t make it – only to proceed to try to get them to list their home with you! Warning: they’ve heard it and been there already!

Your initial call should be one of understanding and patience – not fear and insults. Remember, the FSBO has decided to sell their home without an agents help for any number of reasons. You have no clue yet why but one of your missions later will be to find out. First, you need to get your foot in the door.

I always used an approach that allowed me to tour their property without ever mentioning the possibility of listing their home. If you approach the call as a genuinely interested person, then you will have more success.

Once you’ve met with them and toured the home. You will have substantially more knowledge on the property, the owner and the reasons for attempting to sell FSBO. You can then start to build additional trust and offer help and assistance. This is accomplished by a series of postcards, phone calls, handouts and letters.

Your postcard series should be targeted to offering various services for free or a small fee: use of your IVR system, fliers, showing and tour services, FSBO website listings and more. The more that the FSBO sees you as a friend instead of a salesperson looking to take another listing, the better off you are and will be in the future.

Your letter series should include handouts, guides and other support materials that show your professionalism without asking for a listing. Examples of your marketing materials are good but actual step by step guides („Holding a Successful Open House“, etc.) are much better. Again, this is an opportunity to set yourself apart as the expert and the only person trying to help the For Sale By Owner succeed.

Here’s one key tip: ask to host their Open Houses. If you do this and do it correctly, you should get 1 -2 additional pieces of business from every Open House that you help that FSBO Owner with.

Here’s the bottom line – treat the FSBO as if they were already your client. Help them with their efforts… if you follow the right process, one of two outcomes will occur. Either you will be asked to list their property or it will sell and you will get referrals and additional business!

Good luck and go get them!

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Source by Rob D Tucker

For Sale By Owner Signs – Why They Are a Big Mistake

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Every year, thousands of homeowners opt to avoid real estate commissions by listing their homes themselves without a Realtor®. It makes a lot of sense, why pay 6% of the sales price if you don’t have to (especially in a down market like today)? There is nothing wrong with this thought process or the decision to sell for sale by owner. However, the decision to go to a hardware store and buy a cheap white and red For Sale By Owner sign with a place to write in your number with a black marker, actually is a mistake that should be avoided.

Rather than use a For Sale By Owner sign, you should do one of two things. First you can design a custom sign that does not say For Sale By Owner and looks like a real estate company sign, but with your contact information. It does not have to say Realty, Properties, Real Estate or anything like that. It just should not say For Sale By Owner, By Owner, or anything of that nature. It needs to look like a real estate broker sign even if the subdivision name or something else is in the spot where you would normally have the real estate broker name. The second option is, if you are using a flat fee listing company to gain MLS entry, use that broker’s sign with your contact information on it (as long as it doesn’t have the same type of ‚for sale by owner‘ slogans or URL’s the cheap signs from the hardware store have). You will benefit from the professional look with the Realtor® logos, while still getting all the drive-by phone calls that any For Sale By Owner using a cheap sign would receive.

Almost any sign company including several real estate sign companies on the Internet can assist you in designing and printing a For Sale sign. It might have a house on it, a snow scene if you live in the mountains or just be professional-looking with stylized fonts in 2 or more colors. You should place an Equal Housing Opportunity logo on it. Make sure it is the standard size metal sign that you see in your area, such as 2′ by 3′, and if possible, have it installed on a wood post or H-frame. Many major cities have sign installation companies that install and remove posts and signs for real estate agents; again this adds to the professional look and feel of the sign.

When your sign ceases to look like a cheap For Sale By Owner sign, you will cease to receive as many agents hassling you about listing your property with them. They are more likely to think you are already listed by an agent since your sign looks like a professional sign. (It is an ethical violation to approach the seller unsolicited and attempt to get a seller to cancel their listing and switch listing agents). Unrepresented buyers are less likely to realize right away that there are no agents involved and ask for a discount based on avoiding commissions. You are also less likely to be approached by scammers who attempt to prey on unrepresented sellers with various schemes like kicking back illegal payments to shill 3rd party companies. Finally, the professional -looking sign will tell prospective buyers that you are serious about selling; you did not just throw a cheap sign up on an overpriced property to see if anyone would pay your above market price.

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Source by Donald Plunkett

How to Borrow Your Way to Wealth

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Why does one real estate investor go on to become a millionaire and another stay broke and in debt? Why does one investor always have the money to do the deals and another seemingly always treads on water? Why does one steadily move on up while another just moves on, or worse – just quits?

Without a doubt, some investors have tapped into the best-kept secret that will help you acquire the unlimited success and wealth you’ve always deserved. It’s the secret that helped Donald Trump, Robert Kiyosaki, and Ross Perot build their real estate empires.

What is this secret?

Your wealth is limited only by your ability to borrow money. Yes – your ability to get into debt determines your ability to achieve wealth.

But debt is a complex concept. Not all of it is good — a fact a surprising number of people fail to realize until they’re in the hole — and yet not all debt is bad. When used intelligently, the right type of debt can be of tremendous assistance in building your wealth.

The smart investors know the difference between good debt (investment debt) and bad debt (consumer debt). When you buy something that goes down in value immediately, that’s bad debt. Buying a car on debt seems to be an inescapable part of life, but the car has no potential to increase in value and that’s bad consumer debt.

Conversely, good debt is investment debt that creates value. For example, you find a good property that needs to be fixed up so you can resell it for a profit. You obtain a short-term loan from a Private Lender to buy the ugly house and fix it up quickly. This is definitely good debt.

Why?

Several months later, you sell the house, pay off the loan from the Private Lender, and you leave the title company with a five-figure check that represents your profit. No doubt, the best type of debt is debt that builds wealth over the long run, and the No. 1 example is debt for the purchase of real estate.

Imagine selling just two houses each and every month. And every time, you sell the house, your loan from your Private Lender is immediately paid off, and you walk away with a generous check.

This may sound like the stuff of fantasy to you, but successful real estate investors use investment debt to routinely achieve their financial goals. These same investors usually buy their properties with no money down. No money down does not mean that no money is involved in the transaction. The goal is to use none of your own cash and that’s precisely what seasoned investors accomplish with short-term investment debt.

Most new investors believe that their lack of money is what stops them from doing a deal. Although this is not true, it does keep some investors from launching their business and realizing their goals.

Do not let your lack of money, bad credit, or no credit keep you from building your fortune in real estate. Sure, it takes more than money. Succeeding as an investor also requires time and effort. But you must supply the time and effort when you’re just getting started. But what about the money to do the deals? Well, it doesn’t have to be your own.

I have purchased over 200 properties in 4 years. Not only did I borrow the money from Private Lenders to buy the properties, I also borrowed the money to rehab the houses. My consistent use of short-term investment debt has helped me to get out of long-term financial bondage.

So how you find the Private Lenders?

You start by reviewing your current relationships. Do you know any real estate agents? Some realtors that specialize in foreclosures can be excellent sources regarding Private Lenders. How about someone that works at a title company? If you have previously bought a home, you can contact the escrow officer that helped you with the closing on your home. Here are some more possibilities.

■ Attorneys

■ CPAs

■ Insurance Agents

■ Local Real Estate Investors Association

Once you get a referral from one of your valued connections, you’ll meet with the Private Lender for a discussion about your real estate investing plan. Repeat the process with multiple Private Lenders and your investing business will seem to be on steroids. You will quickly be on your way to wealth.

Real estate investors cannot achieve real wealth without going into debt. And despite what you may have learned growing up or in school about never getting into debt, the more short-term investment debt you incur buying real estate, the more value you will create – and the more rapidly you will create wealth.

You can actually borrow your way to wealth.

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Source by Lee Salinas

3 Ways to Make Money in Real Estate Investing Without Ever Buying a Property

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

There seems to be what I call a fog of information about real estate investing. It is not uncommon for a wannabe investor to pay more money learning about real estate investing than he would pay for a master's degree. Even after spending all that money, many investors never do a real estate transaction. In spite of this there are some individuals making substantive imports without actually buying and selling properties.

Following are three techniques that individuals in the real estate industry are using to make money without actually buying and selling properties themselves. I omitted ancillary investments like tax deeds or tax liens, lease options, options, realtors as commissioned agents and other methods that do not require your actually buying properties.

1. Selling Other People's Properties (SOPPs) is a great way to begin doing real estate deals without having any money in the transactions. The first thing to do is build a buyers list using all the usual networking and internet collection methods. Next, contact every local wholesaler and request to re-sell whatever properties they have for sale. Usually they have no objection but they want you to mark up the properties from their offering price. Finally, you will email your list of the other wholesalers' properties as they become available. Just because the original wholesaler may not have sold the property does not mean that someone on your list will not buy it.

You should establish what your compensation is before you email anyone else's property and I suggest you get it in writing in a simple Partnership Agreement. This re-offering other wholesalers' properties may require some travel on your part to make sure you get credit for the buyers you send to the property. Do not send your buyers to properties that have For Sale signs with the wholesaler's telephone number on them – otherwise your lead will call the owner!

2. To make more money on wholesale transactions, an investor should prospect for and get homeowners to sign a contract with them that has a 15 – 30 day inspection period and then advertise the property to his wholesale buyers list. The investor will not have to have money to close the transaction if he simply assigns the contract to the end-buyer he found. A guideline that I use is; if the profit is less than $ 15,000, the investor should assign the contract. If the profit is greater than $ 15,000, the investor should do a double closing so either the buyer or seller knows the amount of the investor's profit. In this case, money is needed but the investor can use transactional funding that should be much easier to get than hard money.

Investors who wholesale by selling to other investors, learn very quickly that their buyers list is critical to their success. The more emails on their buyers list, the easier it is to sell their properties and the competition by the buyers on their list leads to higher wholesale prices. In fact, the most successful wholesalers have the largest buyers lists. The continued success depends on their adding names continuously because a buyer may not be ready to buy at exactly the time a property is available for sale, or the wholesaler's whale buyers may have run out of funds temporarily.

3. The even more productive method of making money in real estate, with no travel involved, is to become an expert in your market. This may sound impossible since you have not done any deals and may not have any experience, but you can do this by interviewing local and national experts, posting these interviews on your website, or by doing online teleseminars. All of the national experts and some of the local experts will have products that are commissionable to you. You should be able to line up plenty of speakers who are willing to work with you and planning for an year year can be fairly easy.

In summary, there are a number of ways to make money in real estate without buying and selling properties. The end result of whether you wholesale other investors' properties, your own properties, or you start an internet marketing program, your key to success is building a massive buyers list and continuing to add to it as often as possible. It has never been truer to say, "Your power is in your list!"

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Source by Dave Dinkel

Mistakes To Avoid When Selling Your Own Home

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

Selling a home by the owner has become quite popular these days. However, there are some common mistakes that first-time sellers tend to make. To maximize the benefits of a property deal without an agent, it is best to avoid these mistakes.

1. Do not get emotionally attached to the home:

It is beneficial to detach yourself from your home. Being detached helps you look at the deal from a financial perspective rather than an emotional one. It is also a good idea to put yourself in the buyer's shoes. If you think of your house as a dream rather than a piece of property, you will stage your home better.

2. Do not set an unrealistic price:

Most owners tend to price their homes on the higher side. This discourages buyers. However, an accurate price can be set by analyzing the market. Sometimes setting a low price does help in attracting buyers.

3. Not uploading good pictures:

Buyers judge a house based on the photographs that they see on the property listing websites. There you should upload high-quality pictures and videos to attract buyers to your home.

4. Not preparing the home for viewings:

Since approval of the home is based on its appearance, it should be given due attention. It is a good idea to hire a professional home staging company for preparing the home. Although it involves an expense, it may help you fetch a better price for your home.

5. Hiding facts about the home:

There is no point hiding any major problems or defects. This is because they will be revealed once the buyer examines the house. You have two courses of action that you can take. You can either get everything repaired or you can reduce the price according to the defects.

6. Being rigid about timings with buyers:

It is beneficial to be flexible with your timings when you are dealing with buyers. You should try to make yourself available when the buyer wants to view your home or meet you.

7. Being rigid about the price:

Any buyer will look to negotiate and buy the property for a price lower than the quoted price. If you are rigid about your price, it will be difficult for you to sell. It is a good strategy to price it so that there is a margin to bargain.

If you avoid these simple errors, you will be successful in selling your home yourself.

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Source by Kanika Saxena

Online Property Selling

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

The internet has completely revolutionized the real estate market in the recent years. This revolution started in the year 2000. This is when the first property portals appeared on the net. This process has evolved over the years and has shifted the reigns of a property deal from the hands of the real estate agent to the owner.

Earlier, property owners were completely dependent on agents for the sale. This is because of the basic difficulty they faced in finding buyers. But the introduction of property portals has solved this problem. Today, owners can reach a large number of prospects because of the internet.

Today, an owner can list his property on a property listing website. Online listing helps in connecting buyers and sellers of property.

Benefits of online listing to the seller:

1. He can make the listing from the comfort of his home.

2. The seller can reach out to a large number of prospective buyers.

3. He can market his property easily. This is done by uploading photographs and details about his property online. Websites allow a number of photographs to be uploaded. Owners also have the option of uploading videos of their property.

4. Websites provide the seller the flexibility to modify the data uploaded at any time as per his convenience.

5. They can directly connect with buyers without involving middlemen.

Benefits of online listing to buyers:

1. They can select a property from the comfort of their home.

2. They can search property of their interest easily by applying relevant search filters.

3. They can avoid multiple trips to visit various properties. This is because they can shortlist properties of their choice by viewing the pictures uploaded. Then they can visit only those properties.

4. They can deal directly with the seller.

5. The information on the internet can be accessed at any convenient time.

The biggest benefit that online dealing provides the buyer and the seller is that it helps them in completely eliminating the agent. This results in huge savings for both, the buyer and the seller. It also helps them save their time and efforts.

Owing to all the above-mentioned benefits, online property selling has come to stay. It has given rise to the concept of FSBO (For Sale By Owner). Today, more and more, property owners are using property portals and selling their property. If this trend continues, there might soon come a time when real estate agents will become obsolete.

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Source by Kanika Saxena

Real Estate Expired And For Sale By Owner Letters

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

One of the most difficult things for real estate agents to do would be to put a pen to paper and create a letter that they can mail to homeowners that have an expired listing, or perhaps are selling on their own. Expired listings and for sale by owner (FSBO) is an essential part of becoming a successful real estate agent. So exactly what do you say within your letter which will spark the interest with the homeowner. Would it be the old worn-out line saying you have buyers for their house.

With that being said, would there be some additional interesting information for them? If not your letter goes into that famous circular file. All of your hard work, crumpled up and gone. Not only that, it is a well-known fact that one letter on its own will not produce any results. Homeowners are certainly not running for their phone to call you pleading, that you should come over and list their property.

Here Are Some Topic Ideas Of What Can Be Sent

  • So your house didn’t sell, but here’s how I can help you
  • I specialize in getting homes that have failed to sell
  • You shouldn’t Give Up
  • Pinpoint the reasons your house didn’t sell
  • I can put MORE money in your pocket than you could Selling on your own
  • Have many real estate agents been calling you?

It generally requires a number of letters in sequential order so you can get yourself recognized. Which means that now it’s more than one letter that you have to compose, it becomes a number of letters. This also means a number of good ideas that have to come together becoming a well thought out marketing campaign. Writing one letter is without a doubt hard enough, writing a series of letters is a struggle.

Try sitting down with a blank sheet of paper and begin a letter. Do you find yourself just staring at that blank sheet searching your mind for an idea? Just one good idea! Not so easy is it? Just how much time and effort are you going to have to put into getting all those letters written? Another task is proof reading all those letters. Possibly the worst thing you can do is send out a letter that is full of spelling and grammar errors. This is best done by another person or perhaps by a computer program. Do you have the time for all of this.

As soon as you start the composing process you will quickly conclude that the amount of time spent can cost you more money than actually buying letters. Well there’s some good news, you can buy letters by a professional and ready to go. There is a big advantage to purchasing real estate letters, they can cost a dollar or less per letter. A tremendous bargain if I may say so.

When you finish your letters you will have to do the mailing. It is best that you send them out systematically so that your name is frequently viewed by the homeowner. You will have to keep track of what letters you mailed out to who. You don’t want to send the same letter to someone twice. There are contact management programs available that can do that for you. All you have to do is to search contact management programs using the web to find them. I would recommend a follow-up phone call to the owners or perhaps a face-to-face visit to further form a relationship. What you want is to create the opportunity for a consideration to list their property. Good luck!

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Source by John Allegro

For Sale by Owner Property Sales – The Top 5 Warning Signs That You Have an Untrustworthy Buyer

Immobilie bewerten, Immobilie Wert, Immobilienrechner, Verkaufsrechner, Immobilienwertermittlung Tel: 06227-399170 Handy: 0176-2116-9990 eMail: info@heidelbergerwohnen.de Internet: www.heidelbergerwohnen.de

A by owner property sale can be a harrowing experience. The sale by owner process is not an easy one especially if you haven’t done it before. In today’s market it is more stressful than ever to sell a home quick. The majority of FSBO home sellers are having some degree of difficulty in making their monthly mortgage payments. Even though you are very anxious to sell your home quickly, you need to be cautious. If you sign a sale contract with the wrong buyer you will be in a worse position than if you had done nothing. You will not want to trust everybody who expresses interest in your property for sale. In fact it is smarter to trust nobody until they prove they deserve to be trusted. It is also smart to hire a lawyer to look everything over for you and give you good counsel on offer and sale contracts. If you are very aware of your buyer’s moves you should be able to spot some danger signs before they become a problem.

The Top 5 Warning Signs That You Have an Untrustworthy Buyer Do not trust a buyer:

  1. Who wants to make buying your home contingent on the sale of their old house first
  2. Who wants to put up a very small deposit
  3. Who wants you to finance their purchase so they don’t have to apply for a loan
  4. Who has not received pre-approval for a mortgage loan
  5. Who includes many other contingencies in the sale contract which allows them to back out of the deal

Selling your home quickly at a good price is your #1 goal. Be sure to make your #2 goal to watch out for shady buyers so they don’t ruin the whole deal.

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Source by Leo J. Vidal