For Sale By Owner: Ask Your Loan Officer For Help

For sale by owner

If you want to sell your house. You do not know what to do.

You search the internet. Ask friends and relatives for advice on how to do this. You have a series of questions.

  1. What price should I ask for the house?
  2. How and where should I advertise it?
  3. How much should I spend on advertising?
  4. How long should I leave it on the market before lowering the price or should I put it up for sale with a real estate agent?
  5. How to negotiate with a buyer?
  6. Who draws up the contract?
  7. Can buyers buy my house?

This is just a short list of questions you may have. After doing some research, you decide to try selling it yourself. You become a ‘for sale by owner’ home. FSBO for short.

Have you thought about asking your mortgage loan officer for help?

Mortgage loan officers are not real estate agents and most likely can’t answer all of your questions about selling your home, but they sure can be a good ally. They are in the home mortgage financing business. They know a large number of service providers related to the real estate business. His sphere of influence and knowledge includes real estate agents, buyers, sellers, real estate contracts, settlement companies, real estate attorneys, appraisers, home inspectors, and other service providers you may need during the real estate ‘for sale’ process. by the owner’.

If you’re selling your home, chances are you’ll need a mortgage for your new place. Call your mortgage loan officer to get pre-approved. When we meet for your pre-approval, you can discuss ways you may need help selling your home.

The most important service they can provide is pre-approving any prospective buyer of your home. This will ensure that the buyer can purchase your home. This step will save you a lot of time, money, and potential headaches down the road.

Some mortgage loan officers can also provide you with FREE marketing brochures. These flyers will be colorful, descriptive, and professional. You provide them with great photos of your home. They will include those photos along with your contact information, monthly payment examples, and amounts needed for down payment and closing costs. If you need a home value, they can refer you to home valuation websites. They can also refer you to a real estate appraiser who can give you an exact market value of your home for a fee. Most can show you how to get a real estate sales agreement and how to complete it. They can also refer you to a real estate attorney to do the contract if that makes you feel more comfortable. You may want to have your home inspected to provide a prospective buyer with a clean home inspection. They can refer you to a home inspector for that service.

Remember, when you are a ‘for sale by owner’ seller, use all the resources at your disposal. This includes your mortgage loan officer. They can be a great asset in your corner when you sell your house on your own.

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