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House sale without Broker.

Old 02-01-2021, 10:49 AM
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Default House sale without Broker.

In the next few months I want to put a single family house on the market. Right now itís a sellers market without much inventory . Prices are crazy high and the market is full of flippers and run downs. I have a nice clean house in prime area. There has been some interest within the neighborhood already. What would be the best way to advertise without a broker? I have no problem paying for a web listing .
Old 02-01-2021, 11:06 AM
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Zillow. Even Craigslist. Find a real estate attorney to handle your end.
Done. Sold my last house that way.. Easy peasy.
Old 02-01-2021, 11:09 AM
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We listed our Keys house on Zillow. Thought about some of the "Buy Owner" sites to get MLS exposure but didn't like the way they randomly assigned a broker to you. Zillow, plus a sign in the yard, worked just fine.

Be prepared to deal with Buyers Agents. Figure out what, if anything, you are willing to pay them. They can be pushy. We even had one try to get us to sign a 90 exclusive listing agreement..."ooops, I sent you the wrong form to sign by mistake...", we did not do business with her.

Edit, just saw above me...Correct, find a attorney/title company that you trust to help you. We used the Title Co that closed our purchase of the house 5 years earlier, they were great to bounce legal questions off.
Old 02-01-2021, 11:14 AM
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x2 for zillow sold my first house that way. Realtor friend even gave me a contract to use.

Only gripe I have is I had a PITA buyer who called me daily and made the entire process cringeworthy to say the least, but regardless if i had an agent or not that buyer would've made it a PITA. To give you a few examples of how much of a pain she was she had a flooring guy come take measurements to put LVP in the entire house... He measured something like 1,450 sq ft. House was listed as 1,512 sq ft and thats even what permits etc were. I told her you have to count the studs etc on the inside wall. This lead to her making it a huge ordeal etc. Closing came and she inspected the house, mind you it was fall when this happened and she complained about the leaves in the yard... Mind you the house had an acre lot that was fairly cleared but surrounded on all 3 sides by trees... I think buyers think they can stick it to a seller more when it is FSBO but not if you are educated and definitely not in a hot market.

Also, to note if you do go with zillow in your description put that you are willing sellers agent commission of X% or flat rate. The lady who did buy the house I FSBO stated her agent dismissed the house originally because it was FSBO and no finders fee was listed. It wasn't until the buyer found it on zillow that the agent got in contact with me.
Old 02-01-2021, 11:17 AM
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A sign in the yard. Things are hot right now. Collect "bids" and let it run for a while.
Old 02-01-2021, 11:21 AM
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another good point was made on forms. Get to know the forms your state uses. example in FL AS IS Residential Contract for Sale and Purchase_unprotected.pdf (flatfeesells.com)
there are others too, like Commission Agrements, Sellers Disclosures, etc that you may need.
Old 02-01-2021, 11:40 AM
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Originally Posted by Classic25 View Post
Zillow. Even Craigslist. Find a real estate attorney to handle your end.
Done. Sold my last house that way.. Easy peasy.
This, all day every day. I'm MP in a partnership that owns a small number of SFH's and we've been selling for the past year. We use Zillow, Redfin and Trulia... but I've also used Craigslist.

I pay a closing agent to investigate and settle any liens, but otherwise it's me and the closing attorney.

Also, you can minimize the pain of dealing with prospective buyers by holding scheduled open houses where you're not even there, then do follow up calls to answer any questions. Covid has given a perfect excuse to not have to deal with tire kickers and time wasters.

Other advice:

-Clean, clean, clean. It's amazing how far cleanliness can go in overcoming any other shortcomings.
-Landscape. It's cheap to add some nice plants and flowers.
-Set your price smartly. Never ceases to amaze me how many people get this wrong.
Old 02-01-2021, 11:45 AM
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I have sold three properties in my lifetime. All three I've sold using this service: Sell Your Home | List on MLS for free with USRealty.com It's worked very well. A friend was having a hard time selling their house. I told them about this service and they sold it on there in two weeks. They put your info on the multi-list right along with all the real estate agent's listings. You just gotta show it yourself.
Old 02-01-2021, 11:46 AM
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I have an attorney that has handled my buys. I will look into Zillow. The house isn’t ready for sale yet . I will put a sign out first. I’m thinking I will not show to anyone without seeing pre approval. I know it doesn’t mean anything but it will keep away the tire kickers.
Old 02-01-2021, 11:58 AM
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A neighbour down the street from me listed their house with zillow. They had 4 hits in the 1st week but all of the buyers backed out, stating they were uncomfortable with out a real estate agent involved. So they got a selling agent

and relisted the house for $1 less and It sold in 2 days for asking price. I think some buyers think the seller is trying to get rich or may be trying to hide something when they don't have an agent
Old 02-01-2021, 12:01 PM
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Originally Posted by fireisland1 View Post
I have an attorney that has handled my buys. I will look into Zillow. The house isnít ready for sale yet . I will put a sign out first. Iím thinking I will not show to anyone without seeing pre approval. I know it doesnít mean anything but it will keep away the tire kickers.
I would, at the very least have a good broker do a CMA and give you a market breakdown.

Again, good broker.
Old 02-01-2021, 12:04 PM
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Originally Posted by fireisland1 View Post
In the next few months I want to put a single family house on the market. Right now itís a sellers market without much inventory . Prices are crazy high and the market is full of flippers and run downs. I have a nice clean house in prime area. There has been some interest within the neighborhood already. What would be the best way to advertise without a broker? I have no problem paying for a web listing .
Zillow. Of course if you are in the Dog River area you should sell it to me...
Old 02-01-2021, 12:15 PM
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I have sold two properties FSBO and if you have a good attorney and title company you will wonder why you ever used/paid and agent. From my experience 95% what an agent does put it in front of potential buyers. However, with todays resources you can take care of that yourself. I have heard of people offering the buyers agent a cut, and if you go this route make sure your listing mentions this.

I really think that once more people start doing this, and word gets out, the real estate agent is going to be on the way out-think along the lines of travel agents!
Old 02-01-2021, 12:42 PM
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Originally Posted by martinbow View Post
I have sold two properties FSBO and if you have a good attorney and title company you will wonder why you ever used/paid and agent. From my experience 95% what an agent does put it in front of potential buyers.
This^ I sold two properties myself without a relator involved. The only thing that I had to do was get a sales contract signed, everything else was handled by the title company, they had their own legal team.

Sold two other properties in the past year with a realtor where he only charged a 1.5% listing rate, if he sold the property it would be 2%. Both properties were sold using buyers realtor so ended up paying them an additional 2.5% So total commission paid was 4% I WILL never pay anything more than 4% from now on.
Old 02-01-2021, 12:44 PM
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There are real estate agents who will take cash to list your house on the realtor's system.
Old 02-01-2021, 01:07 PM
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I give my real estate agent between 3-4% and usually get 15-20% more then I asked for and I don't have to deal with anyone..
Old 02-01-2021, 01:13 PM
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Originally Posted by classic162 View Post
I give my real estate agent between 3-4% and usually get 15-20% more then I asked for and I don't have to deal with anyone..
This is what an agent is paid for.

They CAN get you to the correct pricing from the start, many times owners either undervalue (people who have lived there for a long time) or overvalue (people who know, just know, their home is nicer than the one just like it down the street)....not always, but you would be surprised how often this happens.

That's a starting point...then comes holding deals together...and dealing with the public in general...something most sellers have no desire to do, or know how to do it.

Realtors aren't for everyone, and most on this site are exactly in that group...they don't need one...people that own boats and do their own maintenance don't need as much handholding as the general public.
Old 02-01-2021, 01:47 PM
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My time is worth more then the 3-4%. I have offers on 3 houses now. Between flipping houses and the boat yard I don't have time to hold peoples hand. Also my agent is a pitbull she won't take crap from anyone. More then once has she told a buyer to take a hike. Never had one leave.
Old 02-01-2021, 04:13 PM
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Sold my house last summer myself. Paid online broker (owner entry.com) $400 for mls listing. Created my own add with about 30 pics and wrote my own add. Offered buyer broker 2.5%. Had a great RE attorney for flat $1500 fee that was great. Selling brokers called with a hour of the listing ($639k) and house was under agreement in 5 days at 625K. Buyer made a big deal of a minor sill repair (about 1k) and wanted to renegotiate. I refused and offered to have the repair made as part of the deal. They balked and I gave their deposit back. I made the repair the next day (I am a licensed contractor) and relisted the house the next day at $649K. Under agreement in 3 days for $655 with an eager buyer using a buyer broker. A few minor issues with the home inspection that I agreed to. Sent the first buyer broker a thank you note for helping screw up the first deal as I came out 30k for the better.

FWIW when buyers brokers wanted to show the house I told them that I would prefer to do a walk thru with them and the buyer and then left them walk thru the house by themselves. All the buyers brokers accepted the idea and the buyer broker that did bring the buyer to the table thanked me for my honesty and said it was one of the easiest transactions she ever had. Everyone came away happy and I cam away 30k plus 15k in saved broker fees for the better.
Old 02-01-2021, 05:41 PM
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If you don't use a real estate agent to sell your house, who's going to call you every week to tell you to lower the price?

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