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Realtors How to sell your house by FSBO in Buyers Market.
The news about Real Estate Market is not very encouraging, there are conflicting signals about economy .A lot of people are waiting for more price reduction, some sellers noticed their neighbors sold their house last year with higher price, they are not willing to reduce asking price, so the impact of this type of market is more houses are for sell and the inventory is very high. Now what is the solution for the people who want to sell their house without real estate agent. Usually when the market is hot it is very easy to go FSBO, but with the existing market it is not easy and very frustrating to wait fir buyer ,every week have open house and at the end no buyer .
One very effective strategy for the current market to is to advertise your house FSBO with Owner Financing. This will give a motivational signal to prospects buyers that they could buy the property by skipping the read tape of financial companies. Because of Sub prime crises , it is getting more and more difficult to qualify for loan and this will put more pressure on housing market, however FSBO with owner financing will create a win win situation ,for buyer and seller ,buyer will save on loan origination fees and points, seller will save the commission and also will sell his property.
You have to make sure to pick up the buyer who has the best credit and in every step your tax man if he is a CPA or your lawyer has to walk you all the way with contract.
This way the probability of doing FSBO will increase, and you can liquid your property.
Hossein Mansouri is an MBA agent in American Dream Realty and writes article about FSBO .He can be contact at WWW.ADRealty.us/h
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