For Sale By Owner – Ask Your Loan Agent For Help
For sale by the owner
So you want to sell your house. You do not know what to do.
Look on the Internet. Ask your friends and relatives for advice on how to do this. You have a series of questions.
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What price should I ask for the house?
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How and where should I advertise it?
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How much should I spend on advertising?
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How long should I leave it on the market before the price drops or should I list it with a real estate agent?
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How did I negotiate with a buyer?
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Who draws up the contract?
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Can buyers even buy my house?
This is just a short list of questions you may have. After doing some research, you decide to try selling it yourself. You become a “for sale by owner” house. FSBO for short.
Thought of asking your mortgage loan officer for help?
Mortgage loan officers are not real estate agents and most likely can’t answer all of your questions about selling your home, but they can be a good ally. They are in the home mortgage financing business. They know a large number of service providers related to the real estate business. His sphere of influence and knowledge includes Real Estate Agents, Buyers, Sellers, Real Estate Contracts, Settlement Firms, Real Estate Attorneys, Appraisers, Home Inspectors along with other service providers you may need during the real estate sale by owner process.
If you are selling your home, you probably need a mortgage for your new place. Call your mortgage loan officer for pre-approval. When we meet for your pre-approval, you can discuss the ways you may need help selling your home.
The most important service they can provide is pre-approval of prospective home buyers. This will ensure that the buyer can buy your home. This step will save you a lot of time, money, and potential future heartache.
Some mortgage loan officers may also provide you with FREE marketing brochures. These brochures will be colorful, descriptive, and professional. You provide them with excellent photographs of your home. They’ll include those images along with your contact information, examples of monthly payments, and the amounts needed for your down payment and closing costs. If you need a home equity, they can recommend home valuation websites. They can also refer you to a real estate appraiser who can give you an accurate market value of your home for a fee. Most can show you how to get a real estate sales contract and fill it out. They can also refer you to a real estate attorney to do the contract if that makes you more comfortable. You may want your home inspected to provide a potential buyer with a clean home inspection. They can refer you to a home inspector for that service.
Remember, when you are a “for sale by owner” seller, use all the resources at your disposal. This includes your mortgage loan officer. They can be a great asset in your corner when selling your home on your own.
