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Posts Tagged ‘FSBO’

For Sale By Owner in Montana

Tuesday, December 21st, 2010

While Montana is the fourth largest state by size, the population remains at slightly less than one million people. About 70 percent of the residents of the state own rather than lease their home. With mountain ranges, valleys, rivers and other scenic vistas, Montana’s beauty is matched by few states. As such, many wealthy business leaders and celebrities have purchased farms and ranches in the state, which has in some cases influenced the price of real estate upwards. Additionally in recent years, homeowners’ insurance rates have increased significantly. Finally, without a statewide sales tax, the Montana government relies heavily on property taxes as a source of funding for its operations. All of these factors make Montana homeowners very conscious of the need to save money when buying or selling homes in the state.

For Sale By Owner sales transactions have always taken place in real estate. The most common reason for selling by owner is that sellers do not want to pay the steep commissions typically involved in listing the property with a broker. Other reasons might include the desire to have more control over the marketing and sale of the home or the ability to negotiate one’s own contract. In many cases, For Sale By Owner transactions take place between people who know each other and oftentimes the property is not formally marketed for sale. Several factors make it difficult to market a Montana property as a FSBO.

For one, many people are relocating from out-of-state and are simply not going to be in the neighborhood driving around every day following new for sale signs as they pop up. Another factor is that newspaper classifieds, be it the Billings Gazette or the Missoulian, no longer benefit from the strong readership that they once had. There are simply too many alternative ways to get ones news (e.g. the Internet) and to find products and services to buy. Finally, FSBO properties do not benefit from the most powerful marketing tool ever created, the Multiple Listing Service (MLS).

Realizing that the FSBO sales process can be difficult but still wanting to minimize commissions, more and more for sale by owner sellers in Billings and beyond have turned to flat fee MLS listings. Basically, rather than listing the property with a traditional agent, the FSBO seller instead lists the property with a flat fee listing company for a prepaid flat fee. The seller pays no listing commission at closing, however, continues to offer a selling commission to a buyer’s agent in the event that they represent a buyer that closes escrow on the property (if no buyer’s agent is involved, then the pay no commission whatsoever at closing). In this way, Montana sellers benefit from the best aspects of the For Sale By Owner marketing method as well as the exposure granted from listing a property on the MLS.

For Sale By Owner Texas Homes

Sunday, October 25th, 2009

Whether you plan to use a realtor or you plan to sell your home for sale by owner Texas is a great place to live. The second largest of the fifty states, Texas has a rich history, a varied terrain, and a multi-faceted economy. Locating an interested buyer shouldn’t be too much trouble, especially if you feature your home on a web site that specializes in for sale by owner Texas homes.

But even if you do everything to sell your home the “right” way, what happens when you simply do not have 6 – 10 weeks to go through the home sales process? Lots of people have to move immediately, and not just because they are feuding with their neighbors. All types of crises can crop up in life and wreak havoc on even the most stable homeowners. Things like a major breadwinner’s loss of a job, an unexpected death in the family, or a messy divorce oftentimes mean a home needs to be sold fast.

And even if the situation isn’t so dire, you might need to sell your home in order to meet the closing date requirement on the newer home you are planning to purchase. There’s nothing more frustrating when putting up your for sale by owner home in Texas than waiting for the interested buyer to come by who also has the financing in place to proceed immediately with the sale. Occasionally this perfect match occurs, but according to the rules of Murphy’s Law, this person simply won’t come into your life when you need this person in days instead of months!

If you ever find yourself in such a position, where you simply cannot afford to wait until the perfect buyer places the perfect bid in your hand, don’t worry – you still have another option! You can team up a reputable company that has the means and the money to purchase your home for a fair price; one that can make the sale happen in literally just a few days!