I’m moving from a HOT real estate market that has cooled. How do I sell my home quickly?

You know the hot markets: CA, AZ, NV, FL, etc. Well, I’ve seen homes in my neighborhood already start listing at lower prices. I need to relocate for work, and want to know what I should list my home at. (ie. Last year, my home would have sold for $575K. Right now, I’m seeing listings in the 534K to 554K range.)

It depends on how you want to sell your house, there are several ways or other ways to dispose of it and still earn a decent rental from it.

One way is the conventional method, interview about 3 real estate agents, get a compt of the properties in your nieghborhood,make the best deal you can with one ofthe agents that charge the fewer points for about the same service. Normally the real estate agent will want about 6% of the sales price as commission for selling the property,but that is not meshed in stone so you might be able to get one that will do it for less.

Flat fee agency, they will do about the same,except they charge a flat fee that is normally about 2-3 points below the real estate agent. some are extremely knowledgable and some aren’t interview about 2-3 before you make a selection.

Then you can sell it yourself (FSBO) this is not as hard as you might think, you do the advertising in the local paper, prepare flyers and place them in the local stores in your neighborhood.

You might also contact a local Mortgage Broker for assistance in the services department, he might help if you supply him with a list of individuals that come by to look at your house who is not qualified to purchase a home but need to be pre-approved. He can assist you with escrow or closing agents, title, appraisal, insurance and other necessary things to close your transaction, as a matter of fact he might do a lot of things for you in exchage for a list of the names of the non-approved prospective home buyers.

You may lease option, it is the best way that I find to sell a property,collect the rent without having to do anything to the property in the way of minor maintenace since the people moving in plan to purchase it some time in the future, they will do the minor maintenace and put that in your lease option contract.

You get a sort of non-refundable down payment, a long term lease to purchase. I normally run an ad in the local paper something like this “lease to own,open house Sat and Sun 11AM-3PM each day, bring your check book,little or no credit check. I have yet to really have any serious problems.

The worst that can happen is they decide not to exercise their option, the best that can happen is they do exercise their option.

if they decide not to exercise their option you do the sam thing over again and again if it continue to happen. Someone will eventually get it right.

I hope this has been of some use to you, good luck.

“FIGHT ON”

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