After watching this terrific video, I called Doug to ask a specific question regarding selling raw land. To my surprise, not only did he call me back but he gave me his wife's number to follow up with any additional questions! How lovely and helpful! Thank you, Doug & Jill.
Thank you Doug for the outstanding video. We now have the confidence to list our house. This is a must watch if you are considering For Sale By Owner FISBO
@parkerfamily9447 Thanks for the kind words! Grateful to play a part in the success of your home sale. Please let us and the community know how you made out.
What a great idea about getting a different number. When I try to sell bigger ticketed items, the about of people that call my cell is unreal and most of them are not serious buyers. Thank you for the tips
This is easily the best FSBO video I have found. Spot on advice that will help you in almost any state. We live in Virginia and while some of the references are different (we use title companies vs real estate attorneys) I had no trouble applying his advice to our location. I also emailed an inquiry to his office and Doug was nice enough to call and spent about 10 minutes going over his advice again. Why does he do this? Easy, most people who try FSBO end up giving up and then work with a realtor. If that happens to us, I certainly won’t go with a guy who gave me bad advice. However I am very likely to go with someone who gave me great advice and helped me make the most of my FSBO opportunity. Finally, we went to several open houses after watching this, and you could tell most of them followed the advice here.
@Duncan Thomas, thanks so much for the kind words. It was great speaking with you and learning more about your FSBO opportunity in Virginia. I'm excited to see you knock it out of the park!! You are well on your way Duncan. Keep us posted.
Thank you so much for such a great video I am in the middle of selling my parents house... (my mama just died a few months ago)... What my problem is... This is a House 4 bedrooms one bathroom with almost 3/4 of an acre... This is the country (barely) ... residential... but in the last 7 years... all around us is taking the farmland and and making it commercial... Across the street that used to be a simple two-way street is now called a Highway!! Across the now state highway... is a huge Commercial place putting up HUGE Big Metal Buildings... 3 of them!!! ... and even though it is only across the street, that is in the CITY while we're still in the county... I have been told our house/land could be commercial too. I think that is a total Game Changer... The person that might buy our house/land could also make this commercial... make this 4 bedroom 1 bath into an Airbnb ... or whatever... Also selling commercial I feel we can ask for "Cash" and not have to jump through hoops if it is someone residencial buyer, that is not thinking about improving or investing for the future. I have bought and sold houses... "Flipped" them but this is the biggest one I have ever undertaken. ... I don't know HOW TO Sell this... Commercial or Residential. Don't get me wrong, either is fine... but you know that when someone buys Commercial there is usually more money to be and my problem is this house is old and needs to be updated.... and I do NOT have the money for that... at all. I feel bad that I can't put a lot of money to just clean this up... it breaks my heart. I don't know what my question is now... I guess sell it as Commercial or sell Residential ? Thank you for listening... I'm still confused... LOL
@judichristopher4604, your situation appears to be more complex. I would recommend contacting a licensed agent in your area. They will be best equipped to advise you on which way to go. Wishing you the best of luck. Please let us all know how you've made out.
Real estate commissions in my area are 8-8.5%. 😬... And I've seen their listings: incorrect or missing information, pictures taken with a cell phone, etc. We are in a rural area so we feel FSBO is unfortunately our best option. Thank you for your video. Class Act!
Interesting video. I've sold my own house and have never paid a commission, not seller's agent or buyer's agent. I especially do not see a reason to pay for the buyer's agent....seems very unfair as the buyer is the one looking for a house. I've done it different ways....before the internet, I use the paper. Now I use Zillow. Works very well.
We will be selling our house in the next month or so. Planning on FSBO. If I am selling it FSBO, can’t I set the rules and guidelines of what my expectations are as a seller? As in I can say that the buyer will pay buyers fees and whatever else? I will pay for or half of my real estate attorney fees?
Now we are feeling much better and more prepared to sell our house ourselves. Thank you for sharing this information. We live in SC but we would call you two if we lived in PA!
Thanks @TJ Ruhl! Glad we could help in some way. Also, thanks for the vote of confidence! If you have friends, co-workers or relatives that are buying or selling in PA or NJ, we'd be happy to assist them.
Thanks for commenting Jared! Yeah, the open houses are a waste for the client. Good for a new agent prospecting for leads, but not so much for the client.
Good video. Great information. Your approach, your presentation the best I have seen so far. Professional approach compared to a lot of the the others. On the West Coast, but thanks for a great video.
Thanks Dale!! Appreciate the kind words. Means a lot to us. Even though you're on the West Coast we've got an International network of agents that can help you no matter where you are. Just let us know. Also, any other topics you'd like for us to cover?
This is great info! If you're going to FSBO it's important to be good at negotiation because if you're not you could get steamrolled in the negotiation process.
Mark, Thanks for the kind words! You're 100% correct about the negotiations. Especially in the Reply to Inspection. This is where inexperienced sellers get hammered. Also checked out your channel and you're providing some great advice for buyers and sellers in Orange County. Keep up the great work!
Just watched your video. Thank you. We are trying to sell our home. A little background. We had a contingent offer on a home we wanted, but we had to sell ours first. We had 20 days to sell on our own or we had to sign up with a realtor (the same one who was the seller's agent). Well, we ended up signing a listing contract after 20 days and all she wanted to do was open houses, We disagreed with this marketing tactic. She also refused to try other marketing to sell the home. She had two open houses and no luck. We JUST paid her $1200 to cancel the listing contract. Our thought process was to be able to lower the price if we did not have to pay the 5% commission. We have a unique home and there are no comparisons in the area. How do we price to sell a home when it is one-of-a-kind?
We have specialized in unique homes for the entire time we've been in real estate. Also, this is a more difficult question to answer here. Curiously, why would you have to pay 5% commission?
Hi Kevin, so sorry for the late reply. Thanks so much for the kind words. How did you make out? Were you successful at selling your home without an agent?
I really appreciate such detailed info...I'm in California but my condo is las vegas....I have to sell now due to contracting covid and losing work....my husband as well same thing only he got it worse....so this has really helped me to figure out stuff I need to do....thank you again! youre the best!
@Anne James, thank you for the kind words! So happy we were able to help and sorry to hear about covid and job. Prayers and well wishes for both you and your husband! Better days ahead! Let us know how you make out.
I like the advice, "if you're thinking about moving next year then price it high, buyers going to beat you down anyways" that hilarious. thanks for the advice and a quick laugh.
"For Sale By Owner" MEANS THAT... NO AGENT. NO ATTORNEYS. I tell prospective buyers, I will accept your agent, but Im increasing the price 3-4%.. See how fast they change their tune. Pricing, check Zillow for what homes sell for in your neighborhood. House clean up, inside and OUTSIDE.... MOVE THAT RV or tent trailer... Mow and edge your yard. Also, the 2 or 3 ugly houses on your block, talk to the owner/renter and see if your gardener can mow and edge his lawn too.. have him plant some cheap flowers/color... It improves the whole neighborhood, and it might only cost you $200. your house will sell faster.
So you don't pay the buyer agent commission? You may think you are saving money but you are only losing a lot of money here. Because every buyer agent will steer their clients away from your property so you will have far less offers. So what ever you did get offered for your property, it was much lower than it could have been (as you could have had many more offers bidding against each other) which most likely would have given you a higher price which would have more than covered any buyers agent commission
@@alexandercleary6392 you're spot on! Unfortunately, not everyone listens to reason. But, in all fairness to the commenter above, Realtors don't have the best reputations.
@@TaylorRealEstateAdvisors This was a year ago. I just watched it again and took notes. I still haven't sold, but will this coming January 2024 or June 2024. It will be an "as is" sale and I will use a real estate attorney. Do you know a good one for Florida. I'm in the Tampa Bay Area.
Did you click on the link in the video? I just tried it and it worked fine. If you provide an email I'll send you the guide. Sorry for the trouble you've had.
Doug, this video is fantastic! I really appreciate you taking the time to talk to me as I ventured into uncharted territory to sell my property on my own. I took your advice, and received dozens of compliments on my photographs (people insisted I hired a photographer). I received 4 offers in less than 24 hours after listing it.
Hi Belkis, congratulations and thank you for the kind words! We are so happy for you! After spending a few minutes with you on the phone, I knew you were going to crush it. Great job Belkis!🙌🤗🍻
@Mary Berberich, thanks so much for the kind words! Means a lot to me! Is there anything you'd like to see me break down in further detail in an upcoming video?
Hey Doug. Thanks for the video. So you are saying that if I sell my home without a realtor and the purchaser was using a realtor to find the home, I as the seller are responsible for the buyer realtor fee?
That is correct Kevin. But remember, fees are not set in stone. Realtors and more importantly their brokers, can agree to take a lower percentage of the originally agreed to fee of either 3%, 2.75% etc. Thanks for watching the video and commenting!
This video really helped me a lot. I just went through a divorce (finalized a month ago after a year - don't be sad for me - I'm not) and now I'm trying to sell the house with as little extra costs as possible as I cannot afford a whole lot after the divorce. This video was great! It's given me a good starting point as I have never sold a home before. The one thing I can't seem to find is a link or information on the 1-800# mentioned in step 10. Could someone help me with that part? Either way, great job on the video! Short, sweet and to the point! Thank you so much for taking the time to do this!
Stephany, sorry to hear about your divorce but happy you're taking it so well! Also, thank you very much for the kind words. We're so glad the video was helpful to you. Regarding the 800 number, we've discovered that the better option for sellers was for them to get a cheap flip phone with a pre-paid plan. You'll avoid any delays and be in control of the whole process. Wishing you much success with your home sale, and lots of luck, love, and happiness as you begin the next chapter of your life!
@@TaylorRealEstateAdvisors awwwwwww... ok awesome! 💗 Thank you guys so much! It's nice to see there are still genuinely good hearted people out there just willing and wanting to help others.... it makes my heart happy 😊. I hope you two are doing well, staying healthy and happy. Thank you so very much again! I know it is something small but helps more than you know. 🤗
@@stephanyarnold9160 You've made our day! We're so happy to have played even a small part in helping you get to the next destination in your life! Keep us posted and let us know how you made out.
@Willio Jean Paul, don't even get me started! You're 100% correct! The incredibly low barrier to entry is one of the biggest problems in our industry. Unfortunately, it's designed that way from the top.
What if you omit something on the sellers disclosure because you honestly didn’t know there was an issue. And then it turns up on the inspection. Can you get in trouble if you didn’t know?
@@TaylorRealEstateAdvisors I don’t understand your response. So what if, for example, mold was found somewhere and the new owners want to sue us for not disclosing this information. But we honestly didn’t know about the mold. Would they win the case?
@1947dutchman, thanks for commenting. All closing costs will be the same with the exception of the listing agent commission which you won't have to pay. Most likely you'll stay pay a buyer's agent commission.
Cynthia, they all do pretty much the same thing. You want to be sure you get your home shown to the greatest number of prospective buyers. Ask the one's you may be considering for a list of all the places your home will be seen. Hope this helps.
I have a question about fsbo, we have a newly renovated home in florida panhandle..thanks to hurricane Michael lol. How many days notice for showings is appropriate? We have a handicapped child and need some warning. Also # of days for accepting offers before reviewing? Sorry if I've asked the same ?'s for the umpteenth time. I appreciate your time!
M M, Whether selling with a realtor or as a FSBO, it’s completely up to the seller to say how much advance notice is required before showings. You can set up any showing parameters that work for you, just be clear with what times are available. You want to encourage the greatest number of people to see the home, so the shorter the amount of required lead time, the better. Try your best to keep the home in “show ready condition” every day in order to accommodate most showing requests. If possible set up a block of time when all occupants can leave the home and allow all showings by buyers who are accompanied by a licensed realtor. Do not allow unrepresented buyers to tour your home alone. I recommend reviewing all offers upon receipt. In this fast-paced market, waiting to review an offer leaves time for buyers to rethink their offer and possibly cancel their offer in order to move on to another home. Hope this helps. Let us know and our subscribers know how you made out. Good luck!
@@TaylorRealEstateAdvisors Thank you so much for getting back to me. We were just "slightly" considering fsbo. After watching quite a few videos on others experiences...a realtor sounds completely worth saving my sanity lol I think I will move forward in gathering leads on recommended agents in my area. Appreciate your response, videos and straight forward information.
@@MM-xv4fz This is Jill btw. We completely agree with you, for many people going the FSBO route just isn't worth the stress! We have an extensive list of agents in our referral network. Happy to help you find the right agent if you're interested?
Thank you for the great tips on FSBO. Doug & Jill are great people to share the wealth of knowledge. Definitely adding you to my resource database. If myself or I know are in the Penn market, we will refer to you
@Bgodsfavor j, thanks so much for the kind words! Also, thank you for trusting us to service your referrals. We love bringing the best possible experience to sellers, buyers and even those who choose to go it alone!
Great information! Do you have any resources or info for FSBO in WV?We are interested in selling our home ourselves eventually, but have been pretty confused on what we would need to do and where to start. Is a real estate license needed?
@Aoole Puffs, thanks for the kind words and for commenting. Give me a call and I'll point you in the right direction to get started. Also, you are not required to be licensed to sell your own home.
Great info! Not sure if I missed it, but how do I get the Call Capture 800# that you mentioned as the last step? Liked the idea of not having to put my personal cellphone number out there, everywhere.
Thanks for the kind words Jean! We've found that it's easier and faster response times by using a pre-paid phone that you would get from Walmart or Target. They're around $20 to buy the phone plus whatever minutes package you need.
after visiting with Doug, I have come to believe he is a fair an honest real estate agent. I would be comfortable using Doug and Jill to assist me in selling my houses. Listen to his you tube vidio's, I believe you won't be disappointed .
Appreciate the video as it was very informative and provided sound guidance. On the West Coast and thinking of selling by owner - with the Attorney suggestion provided as a priority.
@Camille, thank you for the kind words! Much appreciated. It definitely makes sense to try to sell it yourself before hiring a realtor. In this case the attorney will be key. Wishing you the very best of luck!
Hi Jeff, thanks so much for the kind words and the sub!! Are you ready for this? We used to live in Meritage off S Valle Verde Drive in Henderson. Small world huh?!?! Definitely miss the area but not the heat ;))
You are awesome! Thank you empowering me to believe that I, too, can sell FSBO! I will have yo check out more of your vids & website for more guidance.
Thanks for the kind words Cassidy! Appreciate you taking the time to comment. Any of the steps that you would like to see us break down in greater detail?
Michael, thanks for the kind words! You're absolutely right about Step 9. The attorney that you hire will walk you through the legalities of your transaction.
Contrary to your belief, this video has helped people all over the country to sell their homes without hiring a Realtor. You should read some of the hundreds of comments where viewers have echoed this sentiment.
Thanks Doug for some really great tips! My favorite is the 800# as I really don't want to give out my home/cell phone numbers as there are a lot of SPAMMERS. Not to mention the call capture feature and the fact most potential buyers will be from out of state. I live in Sun City Center FL (a Del Webb 55+ Retirement Community) with 19K year round residents and swell to 40K with SnowBirds and is a very hot market. Also gave you a 'thumbs up' and will be contacting you shortly for more information!
Great Video, good information. Nothing against FSBO, but I'm trying to convince my 82 yr old father, (who lives 500 miles from me) NOT to try to do this alone. He is not physically able to do many of these things. He whines and complains about the commission and fees, and believes that he can put a for sale sign in the yard, and then just walk away with the cash. I'm hoping to show him this video next week, to convince him, that no.. at 82 yrs old...it's going to be a huge PITA and complicated for him to try to do this alone. Thank you.
Thanks for commenting. Have your father give me a call. I would never put my 80+ year old parent in that position. Way too many moving parts especially with you being 500 miles away. No way!
Hey George, thanks for watching our video. We found out through user feedback that the lag-time was too long between capturing the message and getting it delivered to their phones. We've been recommending that folks get a cheap pre-paid phone at Walmart and trash it once the property sells. Hope this helps.
How do you go about listing a house that you're living in for the next 5-6 months. Also, would it be wise to pay for an appraisal prior to listing? When I used the VA Home loan, neither the seller or the buyer could know the appraiser, but perhaps it would help to make sure you're listing fair for both the buyer and seller. It might change next year, but if you're selling within the next few months, how drastically could it change in the short time period and different appraisers. Perhaps if it's 2 different appraisals, split the difference and list that?
Thanks for your question Rodney! Jill and I are going to shoot a video answering it in greater detail. Short answer until the video is posted is yes. It would be wise to pay for an appraisal prior to listing and we're going to break down some reasons why.
This was awesome! I work in marketing for real estate agents outside the state I live in. I’m planning on listing for sale by owner. I have the marketing side and this painted a great picture on seller responsibility. I’m excited to jump into this adventure. FYI I do have agents ready to help if I hit a hurdle which does give me a more secure feeling. Good stuff Doug, thanks!
this is a great video! it was done very well and very informative. good job!!! im still debating to list with a realtor or FSBO, but i just emailed from your website. if you wouldn't mind giving me a CMA, id really appreciate it. thanks!!!
@Brandon - There are definitely pros and cons with both situations, I recommend connecting with realtors and those who have experienced the FSBO route and find out what worked for them and any lessons learned ✌
If an agent is selling your home and helping you purchase the new home is it likely they will reduce their commission since they are essentially making two commissions?
CJ, in Pennsylvania that's called Dual Agency. And yes you're right, most agents will reduce their commission by a percentage point. Thanks for commenting and being a part of our FSBO community.
@@TaylorRealEstateAdvisors Thank you! We love our agent but we already know what home we want and are wanting to just move a mile away. And I figured 3% commission on the sale + 3% commission on the purchase thats like $20,000!! But I didnt want to be tacky and ask for a discount.
@@cjaltemari7432 Glad to be helpful! You would be 100% well within reason to ask for such a discount. Good luck on the sale and purchase and please be sure to stop by and let us know how the transactions turned out.
@Marty I'm psyched to hear it!! Also, thanks for the kind words. When you get to step 10, just get a pre-paid phone at Walmart. Over time we've discovered that this was way more effective than the 800 number. Let us know how you make out. Best of luck Marty!
@Jolena - The choice to sell comes down to seeing if your current home provides the utility you need. If not then I would take a look at the reasons why, prioritize them in a list and re-evaluate. Could you make your current home work? Renovations, modifications, etc.? Understanding your "WHY" will give you clarity so you know what direction to move in. I recommend interviewing 3-4 realtors in your market to find out the pros and cons of selling with a realtor vs FSBO. When it comes to selling an asset worth a few hundred thousand dollars, I would personally leave it with the pros! 😃
@David, Appreciate the kind words! Anything in particular you'd like to see us break down in greater detail? If so, please ask away and we'll get it in an upcoming episode. Thank you for commenting.
Some good information here. I am not sure what a "good" real estate attorney does for me. I have spoken with two, who admitted that they use a generic RE Contract that is no better than I can find at a Staples or online. They could not name one other thing that I would need them for in a straight forward sale with clear title.
@Mark Polakovich, we discovered that using prepaid phones was much better at providing direct contact between prospective buyer and seller. Accordingly, we started recommending that FSBO's go to Walmart, Target, etc. and purchased pre-paid phones.
The buyer's agent asked for over 8K from me to help cover buyer's closing costs. Is that normal? that would be like paying another agent... I think this is a business technic to get the home price down while apparently the buyer offer to pay almost the full price. Also buy letting the price high the agent gets his full commission but lower the price by asking for "help to cover the closing costs". I am an accountant, we call that "reclassify transaction", LOL
My next door neighbor's daughter and husband are very interested in purchasing my home to be close to Mom and Dad. We all met yesterday with a friend of theirs who is offering to be a dual agent. Her title is "Realtor/Notary Public/Loan Signing and she works with a major Real Estate broker. She proposed a fee for her would be 3% split between the buyer and myself. I've been reading the "cons" of dual agency, but, I'm also trying to avoid the 5 - 6% seller/agent fee to be paid by me. Since this would be a transaction without listings, home viewings, photos, and etc... Could you offer any other way of selling my home other than "by owner?" I keep reading of "real estate attorney." Could a real estate attorney take care of everything?
@sunking2001 Regarding dual agency, the most important thing is to get the home priced right at the onset. In this particular transaction, is the agent proposing that the buyer pay 1.5% and you pay 1.5% commission? Have the daughter and husband made an offer or discussed price when you met? Depending on the state you live in a real estate attorney can absolutely help you with all facets of the transaction but keep in mind that these fees can easily run into the thousands depending on the complexity of the transaction. What state do you live in? With a little more info we can help you to break this down even further.
Thank you for responding. Very good video...by the way. Today, 3/19/19, I learned the young couple (next door) would qualify for a loan, but, could not sustain the monthly mortgage payment of around $2,770...based on their expenses. So, I'm back to "square 1." I live in Pittsburg, CA. and am the original owner for going on 17 yrs. I spent some time trying to contact a "real estate attorney" and had a bit of a hard time getting in touch with one. Is there a specific title or category of attorney I am to explore...other than "real estate attorney?"
@@sunking2001 I’m a little confused. How is it possible that the young couple qualified for a loan but didn’t get it because they could not sustain the monthly payment? When any person or couple is being qualified, the mortgage broker takes into account their debt to income ratio along with their monthly expenses. Maybe they qualified for a lessor amount? How much are you asking for your home? With regard to your attorney search, one of the challenges you're likely running into is the fact that many attorneys think of FSBO's as being cheap. Additionally, attorneys tend to stay away from a flat rate fee structure with FSBO's because they know from experience that no two transactions are alike. Meaning the possibility of a transaction being complex and requiring a lot more of their time is very high. What I would recommend is to call some attorneys near you and let them know you have a budget of $1,000 to spend on an attorney who can assist you with your FSBO transaction. This should alleviate their concern about you not want to spend some money to get the transaction over the goal line. Alternatively, (and I'm not sure about California law) you could check with some local real estate agents and ask them if they would act as a Transaction Coordinator or Transaction Broker. A typical fee for this is 1 percentage point of the sale price. If you would like I can call a few people in our network and have them reach out to you?
I would highly recommend to anyone thinking to sell to a family/neighbor/friend that you make them offer on the house competitively, meaning you list on the MLS and accept all offers including theirs. Chances are their offer isn't competitive and they just want a deal, and you should make sure their offer is competitive unless you are OK selling your house low. It only costs a few hundred dollars at most thru a flat fee broker to list on the MLS
I am an attorney in Michigan and I agree with everything you have said. It is refreshing to hear such a forthright honest presentation. 313-LAWYERS is my number if you or any of your clients need assistance in Michigan.
@Dena thanks for commenting and introducing yourself to us. We will definitely add your name and contact info to our database for future reference. I saw the video of Kelly and Cliff and think attorney's could really benefit from producing a podcast because they require so much less work than video. Net effect to the firm is that you get more content out into the marketplace and introduce yourselves to prospective clients while helping others that could really benefit from your knowledge. Jill is the one who primarily runs the real estate biz and I am the GM of www.PodcastPeople.com. Let me know if you guys are considering adding podcasting to your marketing mix and I'll set you up with a free trial. Thanks again for commenting and also for the kind words!
After watching this terrific video, I called Doug to ask a specific question regarding selling raw land. To my surprise, not only did he call me back but he gave me his wife's number to follow up with any additional questions! How lovely and helpful! Thank you, Doug & Jill.
Thank you Doug for the outstanding video. We now have the confidence to list our house. This is a must watch if you are considering For Sale By Owner FISBO
@parkerfamily9447 Thanks for the kind words! Grateful to play a part in the success of your home sale. Please let us and the community know how you made out.
Thank you for the video, Wisconsin home owner and will definitely use your tips.
You're very welcome @crystalgraika8804. Happy to play a part in the success of your home sale. Keep us posted on how you make out. Best of Luck!
What a great idea about getting a different number. When I try to sell bigger ticketed items, the about of people that call my cell is unreal and most of them are not serious buyers. Thank you for the tips
This is easily the best FSBO video I have found. Spot on advice that will help you in almost any state. We live in Virginia and while some of the references are different (we use title companies vs real estate attorneys) I had no trouble applying his advice to our location. I also emailed an inquiry to his office and Doug was nice enough to call and spent about 10 minutes going over his advice again. Why does he do this? Easy, most people who try FSBO end up giving up and then work with a realtor. If that happens to us, I certainly won’t go with a guy who gave me bad advice. However I am very likely to go with someone who gave me great advice and helped me make the most of my FSBO opportunity. Finally, we went to several open houses after watching this, and you could tell most of them followed the advice here.
@Duncan Thomas, thanks so much for the kind words. It was great speaking with you and learning more about your FSBO opportunity in Virginia. I'm excited to see you knock it out of the park!! You are well on your way Duncan. Keep us posted.
Check out this video too: ruclips.net/video/aE_cKEGcK1g/видео.html
What does FSBO mean?
DU... For Sale By Owner...
I feel so silly now... LOL
Doug,
Absolutely great video. Very clear to understand the FSBO process and what to consider. Thank you for the information.
JW
So happy you found the video helpful Josiah! Wishing you all the success selling your home!
Thank you so much for such a great video
I am in the middle of selling my parents house... (my mama just died a few months ago)...
What my problem is... This is a House 4 bedrooms one bathroom with almost 3/4 of an acre...
This is the country (barely) ... residential... but in the last 7 years... all around us is taking the farmland and and making it commercial...
Across the street that used to be a simple two-way street is now called a Highway!!
Across the now state highway... is a huge Commercial place putting up HUGE Big Metal Buildings... 3 of them!!! ... and even though it is only across the street, that is in the CITY while we're still in the county...
I have been told our house/land could be commercial too.
I think that is a total Game Changer... The person that might buy our house/land could also make this commercial... make this 4 bedroom 1 bath into an Airbnb ... or whatever...
Also selling commercial I feel we can ask for "Cash" and not have to jump through hoops if it is someone residencial buyer, that is not thinking about improving or investing for the future.
I have bought and sold houses... "Flipped" them but this is the biggest one I have ever undertaken. ... I don't know HOW TO Sell this... Commercial or Residential. Don't get me wrong, either is fine... but you know that when someone buys Commercial there is usually more money to be
and my problem is this house is old and needs to be updated.... and I do NOT have the money for that... at all.
I feel bad that I can't put a lot of money to just clean this up... it breaks my heart.
I don't know what my question is now... I guess sell it as Commercial or sell Residential ?
Thank you for listening... I'm still confused... LOL
@judichristopher4604, your situation appears to be more complex. I would recommend contacting a licensed agent in your area. They will be best equipped to advise you on which way to go. Wishing you the best of luck. Please let us all know how you've made out.
@@TaylorRealEstateAdvisors
Thank you...
But no need to...
I sold it myself, at the Price I wanted.
@@judichristopher4604 Congratulations! So happy for you! Happy New Year!
@@TaylorRealEstateAdvisors
Thank You Doug...
Happy New Year to you too.
Real estate commissions in my area are 8-8.5%. 😬... And I've seen their listings: incorrect or missing information, pictures taken with a cell phone, etc. We are in a rural area so we feel FSBO is unfortunately our best option. Thank you for your video. Class Act!
@Lindy with commissions that high I would definitely try the FSBO route first with one caveat. How quickly do you need to be at the next destination?
Thank you so much! We have a buyer and we just wanted to transfer over without all the hubub. Awesome video!
Thanks so much! We're so happy our video was helpful! Best of luck in the future in your new home!
Interesting video. I've sold my own house and have never paid a commission, not seller's agent or buyer's agent. I especially do not see a reason to pay for the buyer's agent....seems very unfair as the buyer is the one looking for a house. I've done it different ways....before the internet, I use the paper. Now I use Zillow. Works very well.
Thanks for sharing your experiences with the community! Are you an agent or flipper?
Are you willing to offer some advice?
We will be selling our house in the next month or so. Planning on FSBO. If I am selling it FSBO, can’t I set the rules and guidelines of what my expectations are as a seller? As in I can say that the buyer will pay buyers fees and whatever else? I will pay for or half of my real estate attorney fees?
Why would anyone thumbs down this video? Great 10 steps & free!
Thanks for the kind sentiment Cesar! Any of the 10 Steps that you'd like to see us break down even further?
Now we are feeling much better and more prepared to sell our house ourselves. Thank you for sharing this information. We live in SC but we would call you two if we lived in PA!
Thanks @TJ Ruhl! Glad we could help in some way. Also, thanks for the vote of confidence! If you have friends, co-workers or relatives that are buying or selling in PA or NJ, we'd be happy to assist them.
This is the best video I have seen on the issue.
Thanks so much Susan! Appreciate the kind words!
My favorite one was about not having open houses.
Thanks for commenting Jared! Yeah, the open houses are a waste for the client. Good for a new agent prospecting for leads, but not so much for the client.
True
Good video. Great information. Your approach, your presentation the best I have seen so far. Professional approach compared to a lot of the the others. On the West Coast, but thanks for a great video.
Thanks Dale!! Appreciate the kind words. Means a lot to us. Even though you're on the West Coast we've got an International network of agents that can help you no matter where you are. Just let us know. Also, any other topics you'd like for us to cover?
It's such an important subject. You can save tens of thousands in California by selling by owner. Homepie helps homeowners do just that.
We are selling our house by for sale by owner. This video is great. Thank you!
Thanks Sarah! Wishing you lots of luck selling your home!
This is great info! If you're going to FSBO it's important to be good at negotiation because if you're not you could get steamrolled in the negotiation process.
Mark, Thanks for the kind words! You're 100% correct about the negotiations. Especially in the Reply to Inspection. This is where inexperienced sellers get hammered. Also checked out your channel and you're providing some great advice for buyers and sellers in Orange County. Keep up the great work!
Amazing video straight shooter Doug!!!! Love it!!!!
Thanks Olgie! Appreciate the kind words!
Thanks for the information. I considering these to sell my house.
Glad we could help Rachel!
Just watched your video. Thank you. We are trying to sell our home. A little background. We had a contingent offer on a home we wanted, but we had to sell ours first. We had 20 days to sell on our own or we had to sign up with a realtor (the same one who was the seller's agent). Well, we ended up signing a listing contract after 20 days and all she wanted to do was open houses, We disagreed with this marketing tactic. She also refused to try other marketing to sell the home. She had two open houses and no luck. We JUST paid her $1200 to cancel the listing contract. Our thought process was to be able to lower the price if we did not have to pay the 5% commission. We have a unique home and there are no comparisons in the area. How do we price to sell a home when it is one-of-a-kind?
We have specialized in unique homes for the entire time we've been in real estate. Also, this is a more difficult question to answer here. Curiously, why would you have to pay 5% commission?
Thank you so much for great tutorial video Doug!
Hi Kevin, so sorry for the late reply. Thanks so much for the kind words. How did you make out? Were you successful at selling your home without an agent?
I really appreciate such detailed info...I'm in California but my condo is las vegas....I have to sell now due to contracting covid and losing work....my husband as well same thing only he got it worse....so this has really helped me to figure out stuff I need to do....thank you again! youre the best!
@Anne James, thank you for the kind words! So happy we were able to help and sorry to hear about covid and job. Prayers and well wishes for both you and your husband! Better days ahead! Let us know how you make out.
I like the advice, "if you're thinking about moving next year then price it high, buyers going to beat you down anyways" that hilarious. thanks for the advice and a quick laugh.
@Liem, thanks for the kind words. Glad we were able to provide some solid info with a little levity.😉
"For Sale By Owner" MEANS THAT... NO AGENT. NO ATTORNEYS. I tell prospective buyers, I will accept your agent, but Im increasing the price 3-4%.. See how fast they change their tune.
Pricing, check Zillow for what homes sell for in your neighborhood. House clean up, inside and OUTSIDE.... MOVE THAT RV or tent trailer... Mow and edge your yard. Also, the 2 or 3 ugly houses on your block, talk to the owner/renter and see if your gardener can mow and edge his lawn too.. have him plant some cheap flowers/color... It improves the whole neighborhood, and it might only cost you $200. your house will sell faster.
So you don't pay the buyer agent commission? You may think you are saving money but you are only losing a lot of money here. Because every buyer agent will steer their clients away from your property so you will have far less offers. So what ever you did get offered for your property, it was much lower than it could have been (as you could have had many more offers bidding against each other) which most likely would have given you a higher price which would have more than covered any buyers agent commission
@@alexandercleary6392 you're spot on! Unfortunately, not everyone listens to reason. But, in all fairness to the commenter above, Realtors don't have the best reputations.
Thank you so much for the valuable information!
You are so welcome Rebecca! Hope you sold and got as money as the market would allow for at the time!
Great, organized, clear, concise video. Thanks so much.
Thank you for the kind words! Please let us know how you made out with the sale of your home.
@@TaylorRealEstateAdvisors This was a year ago. I just watched it again and took notes. I still haven't sold, but will this coming January 2024 or June 2024. It will be an "as is" sale and I will use a real estate attorney. Do you know a good one for Florida. I'm in the Tampa Bay Area.
Very useful advice! Thanks Doug, from one Doug to another!
Thanks so much Doug! Glad the video was helpful. Us Doug's have to stick together! There's not that many of us these days.😉
Where’s the list of steps? Neither the web page I was directed to after giving you my information, nor the email you sent has the list of steps.
Did you click on the link in the video? I just tried it and it worked fine. If you provide an email I'll send you the guide. Sorry for the trouble you've had.
This is great. I am almost ready to move and needed advice on how to sell condo
@Morgan Creel, wishing you the best of luck! Please let us know how you made out with the sale of your condo!
Doug, this video is fantastic! I really appreciate you taking the time to talk to me as I ventured into uncharted territory to sell my property on my own. I took your advice, and received dozens of compliments on my photographs (people insisted I hired a photographer). I received 4 offers in less than 24 hours after listing it.
Hi Belkis, congratulations and thank you for the kind words! We are so happy for you! After spending a few minutes with you on the phone, I knew you were going to crush it. Great job Belkis!🙌🤗🍻
Hi Doug. Your video was helpful and informational. Loved your expertise and knowledge base.
@Mary Berberich, thanks so much for the kind words! Means a lot to me! Is there anything you'd like to see me break down in further detail in an upcoming video?
Hey Doug. Thanks for the video. So you are saying that if I sell my home without a realtor and the purchaser was using a realtor to find the home, I as the seller are responsible for the buyer realtor fee?
That is correct Kevin. But remember, fees are not set in stone. Realtors and more importantly their brokers, can agree to take a lower percentage of the originally agreed to fee of either 3%, 2.75% etc. Thanks for watching the video and commenting!
This video really helped me a lot. I just went through a divorce (finalized a month ago after a year - don't be sad for me - I'm not) and now I'm trying to sell the house with as little extra costs as possible as I cannot afford a whole lot after the divorce. This video was great! It's given me a good starting point as I have never sold a home before. The one thing I can't seem to find is a link or information on the 1-800# mentioned in step 10. Could someone help me with that part?
Either way, great job on the video! Short, sweet and to the point! Thank you so much for taking the time to do this!
Stephany, sorry to hear about your divorce but happy you're taking it so well! Also, thank you very much for the kind words. We're so glad the video was helpful to you. Regarding the 800 number, we've discovered that the better option for sellers was for them to get a cheap flip phone with a pre-paid plan. You'll avoid any delays and be in control of the whole process. Wishing you much success with your home sale, and lots of luck, love, and happiness as you begin the next chapter of your life!
@@TaylorRealEstateAdvisors awwwwwww... ok awesome! 💗 Thank you guys so much! It's nice to see there are still genuinely good hearted people out there just willing and wanting to help others.... it makes my heart happy 😊. I hope you two are doing well, staying healthy and happy. Thank you so very much again! I know it is something small but helps more than you know. 🤗
@@stephanyarnold9160 You've made our day! We're so happy to have played even a small part in helping you get to the next destination in your life! Keep us posted and let us know how you made out.
So a real estate attorney is required for FSBO but an agent who spent approximately 30-40 hours of training can handle the transaction?
@Willio Jean Paul, don't even get me started! You're 100% correct! The incredibly low barrier to entry is one of the biggest problems in our industry. Unfortunately, it's designed that way from the top.
What if you omit something on the sellers disclosure because you honestly didn’t know there was an issue. And then it turns up on the inspection.
Can you get in trouble if you didn’t know?
From your lips to God's ears!
@@TaylorRealEstateAdvisors I don’t understand your response. So what if, for example, mold was found somewhere and the new owners want to sue us for not disclosing this information. But we honestly didn’t know about the mold. Would they win the case?
Good information. Thanks
Thanks Dennco! Appreciate it!
Thanks for the help
DB, anytime!
Thank you Mr Doug
You're very welcome Hector! How'd you make out with your home sale?
Great video, very clear and explanatory
Thanks Lisa! Appreciate the kind words.
Excellent knowledgeable content!
Thanks so much Javed! Appreciate the kind words. Have you sold already?
Good info but no mention of closing costs and what if any is different for a FSBO vs a seller with an agent
@1947dutchman, thanks for commenting. All closing costs will be the same with the exception of the listing agent commission which you won't have to pay. Most likely you'll stay pay a buyer's agent commission.
I don't see the link mentioned for MLS flat fee services. There are lots of them out there. Which is the best?
Cynthia, they all do pretty much the same thing. You want to be sure you get your home shown to the greatest number of prospective buyers. Ask the one's you may be considering for a list of all the places your home will be seen. Hope this helps.
What kind of paperwork do I need , if I received an offer for my home all cash no contingency do I do just the regular “as is “contract?
My apologies for the delay. I would use Legal Zoom or another avenue for the contract. What state are you in?
I have a question about fsbo, we have a newly renovated home in florida panhandle..thanks to hurricane Michael lol. How many days notice for showings is appropriate? We have a handicapped child and need some warning. Also # of days for accepting offers before reviewing? Sorry if I've asked the same ?'s for the umpteenth time. I appreciate your time!
M M, Whether selling with a realtor or as a FSBO, it’s completely up to the seller to say how much advance notice is required before showings. You can set up any showing parameters that work for you, just be clear with what times are available. You want to encourage the greatest number of people to see the home, so the shorter the amount of required lead time, the better. Try your best to keep the home in “show ready condition” every day in order to accommodate most showing requests. If possible set up a block of time when all occupants can leave the home and allow all showings by buyers who are accompanied by a licensed realtor. Do not allow unrepresented buyers to tour your home alone. I recommend reviewing all offers upon receipt. In this fast-paced market, waiting to review an offer leaves time for buyers to rethink their offer and possibly cancel their offer in order to move on to another home. Hope this helps. Let us know and our subscribers know how you made out. Good luck!
@@TaylorRealEstateAdvisors Thank you so much for getting back to me. We were just "slightly" considering fsbo. After watching quite a few videos on others experiences...a realtor sounds completely worth saving my sanity lol I think I will move forward in gathering leads on recommended agents in my area. Appreciate your response, videos and straight forward information.
@@MM-xv4fz This is Jill btw. We completely agree with you, for many people going the FSBO route just isn't worth the stress! We have an extensive list of agents in our referral network. Happy to help you find the right agent if you're interested?
Very helpful, I plan to use Doug's tips
Thanks Bobby! How'd you make out?
Thank you for the information!
@Edwin, always happy to help any way we can!
Thank you for the great tips on FSBO. Doug & Jill are great people to share the wealth of knowledge. Definitely adding you to my resource database. If myself or I know are in the Penn market, we will refer to you
@Bgodsfavor j, thanks so much for the kind words! Also, thank you for trusting us to service your referrals. We love bringing the best possible experience to sellers, buyers and even those who choose to go it alone!
Great information! Do you have any resources or info for FSBO in WV?We are interested in selling our home ourselves eventually, but have been pretty confused on what we would need to do and where to start. Is a real estate license needed?
@Aoole Puffs, thanks for the kind words and for commenting. Give me a call and I'll point you in the right direction to get started. Also, you are not required to be licensed to sell your own home.
well spoken dude. He's a pro on cam.
@Boogin Head, Thank you! Appreciate the kind words!!
This was awesome, thank you so much!
Very helpful!!!
Thanks so much Curt!
@@leojrcabusas3213 Thanks LEO! Did you get your home sold?
Great info! Not sure if I missed it, but how do I get the Call Capture 800# that you mentioned as the last step? Liked the idea of not having to put my personal cellphone number out there, everywhere.
Thanks for the kind words Jean! We've found that it's easier and faster response times by using a pre-paid phone that you would get from Walmart or Target. They're around $20 to buy the phone plus whatever minutes package you need.
after visiting with Doug, I have come to believe he is a fair an honest real estate agent. I would be comfortable using
Doug and Jill to assist me in selling my houses. Listen to his you tube vidio's, I believe you won't be disappointed .
Thanks for the kind words Curt!! We're excited to assist you wherever we can.
Great info. Thank you!
Thanks Melinda! How'd you make out with your home sale?
Thanks, Doug - we really appreciate it!
@TheRmpost, you're very welcome! Happy to be of service.
Appreciate the video as it was very informative and provided sound guidance. On the West Coast and thinking of selling by owner - with the Attorney suggestion provided as a priority.
@Camille, thank you for the kind words! Much appreciated. It definitely makes sense to try to sell it yourself before hiring a realtor. In this case the attorney will be key. Wishing you the very best of luck!
Very helpful.
Thanks Hope! Have you started the process?
How do we get the 1800#?
We've been recommending using pre-paid phones. This way you're not waiting on a message to be transcribed and delivered. More efficient.
Outstanding! Thank you 🙏🏽
Thanks so much I_n_sis T! Glad the video was helpful. Did you get the place sold?
Thank you !
Thank you for the video, great information laid out! Thumbs up and subscribed! :)
Hi Jeff, thanks so much for the kind words and the sub!! Are you ready for this? We used to live in Meritage off S Valle Verde Drive in Henderson. Small world huh?!?! Definitely miss the area but not the heat ;))
You are awesome! Thank you empowering me to believe that I, too, can sell FSBO! I will have yo check out more of your vids & website for more guidance.
Thanks so much Sameena! Have you gotten started with the whole process? I know you've got this Sameena!!! Let us know how you make out.
@@TaylorRealEstateAdvisors my husband decided to go w an agent due to time restraints. But I am looking to getting my foot in the door w real estate.
@@peacefull_moment Smart move on your husband's part! Please talk to Jill before signing with any brokerage.
Loved the video. How do I get my house on the MLS ?
Thanks so much Jonathan! Many of the FSBO platforms online offer this service.
Good and worthwhile to watch.
Thanks @Medi-o Jafari
Great delivery by Doug. Good information.
Thanks for the kind words Cassidy! Appreciate you taking the time to comment. Any of the steps that you would like to see us break down in greater detail?
Great video, I like step #10. Are you located in Florida?
Hi Juan, thanks for the kind words. Sorry not in Florida but could assist you with an agent should you decide to hire one?
@@TaylorRealEstateAdvisors great I'll keep that in mind. Thanks
Tks for the education& openness.
Great vid!
Thanks @hes Rey! Did you get your place sold with hiring an agent?
Great Information 👌 I learned a lot. I live in Dallas Metro Area and looking to FSBO my house. Thanks
me too
Did you get on MLS ?
@@ruuu48 not yet I'm taking care of my mom at the moment she's going to have surgery soon.
Sorry to hear about your Mom @Daniel Tarango. Hopefully, she's fully recovered and doing great today! Did you ever get the home sold?
Great vid! Seems like a lot more happens in that step 9 than what was mentioned, though…
Michael, thanks for the kind words! You're absolutely right about Step 9. The attorney that you hire will walk you through the legalities of your transaction.
Thanks for all the information!
We're glad it was useful F R! How'd you make out? Did you crush it and get top dollar without using an agent?
This video is so telling of how agents see the world. Explain FSBO in order to get people to see how hard it is so they hire this agent.
Contrary to your belief, this video has helped people all over the country to sell their homes without hiring a Realtor. You should read some of the hundreds of comments where viewers have echoed this sentiment.
Thanks Doug for some really great tips! My favorite is the 800# as I really don't want to give out my home/cell phone numbers as there are a lot of SPAMMERS. Not to mention the call capture feature and the fact most potential buyers will be from out of state. I live in Sun City Center FL (a Del Webb 55+ Retirement Community) with 19K year round residents and swell to 40K with SnowBirds and is a very hot market. Also gave you a 'thumbs up' and will be contacting you shortly for more information!
@Iam MacNathan thanks for the kind words and the thumbs up! Were you able to sell your home yet?
@@TaylorRealEstateAdvisors Got it sold, took longer than expected but mission accomplished.
Great Video, good information. Nothing against FSBO, but I'm trying to convince my 82 yr old father, (who lives 500 miles from me) NOT to try to do this alone. He is not physically able to do many of these things. He whines and complains about the commission and fees, and believes that he can put a for sale sign in the yard, and then just walk away with the cash. I'm hoping to show him this video next week, to convince him, that no.. at 82 yrs old...it's going to be a huge PITA and complicated for him to try to do this alone. Thank you.
Thanks for commenting. Have your father give me a call. I would never put my 80+ year old parent in that position. Way too many moving parts especially with you being 500 miles away. No way!
How do I get the 1 800 number and answering service
Hey George, thanks for watching our video. We found out through user feedback that the lag-time was too long between capturing the message and getting it delivered to their phones. We've been recommending that folks get a cheap pre-paid phone at Walmart and trash it once the property sells. Hope this helps.
How do you go about listing a house that you're living in for the next 5-6 months. Also, would it be wise to pay for an appraisal prior to listing? When I used the VA Home loan, neither the seller or the buyer could know the appraiser, but perhaps it would help to make sure you're listing fair for both the buyer and seller. It might change next year, but if you're selling within the next few months, how drastically could it change in the short time period and different appraisers. Perhaps if it's 2 different appraisals, split the difference and list that?
Thanks for your question Rodney! Jill and I are going to shoot a video answering it in greater detail. Short answer until the video is posted is yes. It would be wise to pay for an appraisal prior to listing and we're going to break down some reasons why.
@Rodney your question is answered in this video. ruclips.net/video/4zBXf9evlMw/видео.html
Where can I get the Open House sign-in sheet in description?
Hi Sameena, email Jill and she will send one out to you.
Your hair... you look like Johnny Bravo in his late 40s 🤣 lmao
That's so funny because I always tell the guy that cuts my hair to give me the cartoon character haircut! Looks like he succeeded. 😂
@@TaylorRealEstateAdvisors that's terrific!!
This was awesome! I work in marketing for real estate agents outside the state I live in. I’m planning on listing for sale by owner. I have the marketing side and this painted a great picture on seller responsibility. I’m excited to jump into this adventure. FYI I do have agents ready to help if I hit a hurdle which does give me a more secure feeling. Good stuff Doug, thanks!
@Karen Ranahan, thanks for the kind words! Were you successful selling on your own? Please let us know when you can.
Do you involve your company with the sale of commercial real estate (my building and property is currently a restaurant/club venue)?
@billy miles, where is the property located?
Roanoke county, Virginia
24153
@@muddygumbo Can you call us sometime tomorrow? Or anytime this week Billy.
@@TaylorRealEstateAdvisors yes
Great video great guy as alert me how did do my homework
Thanks Ronald! Did you ever get the house sold?
@@TaylorRealEstateAdvisors Got it sold made of government money on it
Yessir thanks
Our pleasure sir!
Excellent. Real education. Thank you.
Thanks for the kind words Stephen! Any steps you'd like to see us break down in greater detail?
My attorney only wants 1% of the sale. How are you Calculating 3%
Thank you for your video. Yes, very professional.
Thanks so much @Janet Posen! Did you get your home sold FSBO?
Do I have to hire an attorney or a title company? or both?
Hi Guillermo, start with the attorney because some real estate attorneys also own title companies.
@@TaylorRealEstateAdvisors Thank you!
this is a great video! it was done very well and very informative. good job!!! im still debating to list with a realtor or FSBO, but i just emailed from your website. if you wouldn't mind giving me a CMA, id really appreciate it. thanks!!!
@Brandon - There are definitely pros and cons with both situations, I recommend connecting with realtors and those who have experienced the FSBO route and find out what worked for them and any lessons learned ✌
@@LiveInnerCity Completely agree!
If an agent is selling your home and helping you purchase the new home is it likely they will reduce their commission since they are essentially making two commissions?
CJ, in Pennsylvania that's called Dual Agency. And yes you're right, most agents will reduce their commission by a percentage point. Thanks for commenting and being a part of our FSBO community.
@@TaylorRealEstateAdvisors Thank you! We love our agent but we already know what home we want and are wanting to just move a mile away. And I figured 3% commission on the sale + 3% commission on the purchase thats like $20,000!! But I didnt want to be tacky and ask for a discount.
@@cjaltemari7432 Glad to be helpful! You would be 100% well within reason to ask for such a discount. Good luck on the sale and purchase and please be sure to stop by and let us know how the transactions turned out.
Great video, I'm in the stage 1-3 process thanks!
@Marty I'm psyched to hear it!! Also, thanks for the kind words. When you get to step 10, just get a pre-paid phone at Walmart. Over time we've discovered that this was way more effective than the 800 number. Let us know how you make out. Best of luck Marty!
Luv'd your video !
Thanks @Randy Nopasri
Great video, but I’m in California, haven’t decided if I’m going to sell or not or even hire an agent or go FSBO if I do sell my home
@Jolena - The choice to sell comes down to seeing if your current home provides the utility you need. If not then I would take a look at the reasons why, prioritize them in a list and re-evaluate. Could you make your current home work? Renovations, modifications, etc.? Understanding your "WHY" will give you clarity so you know what direction to move in. I recommend interviewing 3-4 realtors in your market to find out the pros and cons of selling with a realtor vs FSBO. When it comes to selling an asset worth a few hundred thousand dollars, I would personally leave it with the pros! 😃
@LiveInnerCity - Calgary Real Estate, solid advice and you're not wrong. Best to let the pros handle the transaction.
Thank you for your content, talent and time.
@David, Appreciate the kind words! Anything in particular you'd like to see us break down in greater detail? If so, please ask away and we'll get it in an upcoming episode. Thank you for commenting.
This guy is a pro!
Thanks Bill! Is there a particular step you'd like for us to break down further?
Some good information here. I am not sure what a "good" real estate attorney does for me. I have spoken with two, who admitted that they use a generic RE Contract that is no better than I can find at a Staples or online. They could not name one other thing that I would need them for in a straight forward sale with clear title.
@David Norman, did you already have the buyer lined up? As in a neighbor, friend, relative, etc.?
So does every seller get their own 800 number?
@Mark Polakovich, we discovered that using prepaid phones was much better at providing direct contact between prospective buyer and seller. Accordingly, we started recommending that FSBO's go to Walmart, Target, etc. and purchased pre-paid phones.
The buyer's agent asked for over 8K from me to help cover buyer's closing costs. Is that normal? that would be like paying another agent... I think this is a business technic to get the home price down while apparently the buyer offer to pay almost the full price. Also buy letting the price high the agent gets his full commission but lower the price by asking for "help to cover the closing costs". I am an accountant, we call that "reclassify transaction", LOL
@Lavinia, without knowing all the details, it's tough to say. When is settlement scheduled for?
Actually some good info.
Thanks so much @monchichiyoshi
My next door neighbor's daughter and husband are very interested in purchasing my home to be close to Mom and Dad. We all met yesterday with a friend of theirs who is offering to be a dual agent. Her title is "Realtor/Notary Public/Loan Signing and she works with a major Real Estate broker. She proposed a fee for her would be 3% split between the buyer and myself. I've been reading the "cons" of dual agency, but, I'm also trying to avoid the 5 - 6% seller/agent fee to be paid by me. Since this would be a transaction without listings, home viewings, photos, and etc... Could you offer any other way of selling my home other than "by owner?" I keep reading of "real estate attorney." Could a real estate attorney take care of everything?
@sunking2001 Regarding dual agency, the most important thing is to get the home priced right at the onset. In this particular transaction, is the agent proposing that the buyer pay 1.5% and you pay 1.5% commission? Have the daughter and husband made an offer or discussed price when you met? Depending on the state you live in a real estate attorney can absolutely help you with all facets of the transaction but keep in mind that these fees can easily run into the thousands depending on the complexity of the transaction. What state do you live in? With a little more info we can help you to break this down even further.
Thank you for responding. Very good video...by the way. Today, 3/19/19, I learned the young couple (next door) would qualify for a loan, but, could not sustain the monthly mortgage payment of around $2,770...based on their expenses. So, I'm back to "square 1." I live in Pittsburg, CA. and am the original owner for going on 17 yrs. I spent some time trying to contact a "real estate attorney" and had a bit of a hard time getting in touch with one. Is there a specific title or category of attorney I am to explore...other than "real estate attorney?"
@@sunking2001 I’m a little confused. How is it possible that the young couple qualified for a loan but didn’t get it because they could not sustain the monthly payment? When any person or couple is being qualified, the mortgage broker takes into account their debt to income ratio along with their monthly expenses. Maybe they qualified for a lessor amount? How much are you asking for your home? With regard to your attorney search, one of the challenges you're likely running into is the fact that many attorneys think of FSBO's as being cheap. Additionally, attorneys tend to stay away from a flat rate fee structure with FSBO's because they know from experience that no two transactions are alike. Meaning the possibility of a transaction being complex and requiring a lot more of their time is very high. What I would recommend is to call some attorneys near you and let them know you have a budget of $1,000 to spend on an attorney who can assist you with your FSBO transaction. This should alleviate their concern about you not want to spend some money to get the transaction over the goal line.
Alternatively, (and I'm not sure about California law) you could check with some local real estate agents and ask them if they would act as a Transaction Coordinator or Transaction Broker. A typical fee for this is 1 percentage point of the sale price. If you would like I can call a few people in our network and have them reach out to you?
I would highly recommend to anyone thinking to sell to a family/neighbor/friend that you make them offer on the house competitively, meaning you list on the MLS and accept all offers including theirs. Chances are their offer isn't competitive and they just want a deal, and you should make sure their offer is competitive unless you are OK selling your house low. It only costs a few hundred dollars at most thru a flat fee broker to list on the MLS
I am an attorney in Michigan and I agree with everything you have said. It is refreshing to hear such a forthright honest presentation. 313-LAWYERS is my number if you or any of your clients need assistance in Michigan.
@Dena thanks for commenting and introducing yourself to us. We will definitely add your name and contact info to our database for future reference. I saw the video of Kelly and Cliff and think attorney's could really benefit from producing a podcast because they require so much less work than video. Net effect to the firm is that you get more content out into the marketplace and introduce yourselves to prospective clients while helping others that could really benefit from your knowledge. Jill is the one who primarily runs the real estate biz and I am the GM of www.PodcastPeople.com. Let me know if you guys are considering adding podcasting to your marketing mix and I'll set you up with a free trial. Thanks again for commenting and also for the kind words!
Somehow I am not seeing the 800 number connection?
After much feedback, the majority of folks preferred a prepaid phone from Walmart, Target, etc. They were able to control the process without delay.
Where can I get the sign in sheet for the open houses. Thank you
Hi Juan, just login to our website at www.taylorexperience.com and sign up for the free FISBO guide and I'll get one out to you.
Open Microsoft Word and get to work......
You did a great job.
Thanks for the kind words Dena!