In the past 6 months I've spoken with 100's of home owners who have attempted to sell their home by owner. While few succeed many do not and either decide not to move or end up listing with an agent. While they are listed I have begun to notice a trend of specific types of people that approach For Sale By Owners and when you are selling your home by owner always consult with a Realtor a Mortgage professional before making any decision.
The top "suspects" that will approach will be:
1. Realtors: They will hound you trying to brow beat you into believing you can't sell your home. You can but it will be very challenging and the best way to describe it you will have to be a salesman for a few months and really work your leads.
2. Investors: They will offer all cash, they will say it's for a family member or that they've been trying to get a home in your area for a while. Some of them will also use deceitful tactics by opening escrow then trying to renegotiate a better price in escrow when they know your emotionally committed.
3. A buyer who wants to know if you'll do a "lease to own" . They can't qualify for conventional financing and they believe you should carry the risk in order to help them get a home. They may also be "straw buyers" for investors in order to get information.
4. The repeat viewing buyer : This buyer will be coming back with a family member every time. They may bring a wife/husband, then parents, and extended family. They will continually string you along to think you have a "interested buyer" but more often than not they are just working a system in order to get your frustrated to enable an investor to come in and "rescue you" and buy the house after your throw your hands up.
These and many more situations will occur so please use your best judgment and understand as a home owner who sells their home you are not a salesman and you have to act and think like a salesman.
We are here to support you in answering any questions you have so please feel free to call : 626-343-4128 or email sethrowlands@yahoo.com
Remember this is your biggest financial investment, let us help you protect your equity.
Thank you and I look forward to talking to you soon,
Seth
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