Selling homes

5 Replies

I have been trying to sell a nicer 3/2/2 in a great neighborhood ( I would live here). Good schools, I am offering owner financing or a lease option to purchase. I have put out bandit signs, Craigslist (now on CL I haven't puts any pics on there yet) I have even ran this house in the paper.

Now it is in a bedroom community of about 9000, and the market is slow there but I am offering this house 5k below appraisal. I have been doing this for 5 months now and really need to do something with this house any thoughts? And when I do get a prospect with 5-7 k down they disappear, and the people who want it only have 1-2 k down and I am not going to do that!

@Chip Chronister I'm assuming that you are trying to sell it by yourself, you don't have an agent, correct?

If this is the case, then I suggest you change the strategy and find local top agent and engage them. You might be trying to save some $$ by not using the agent, but in the long run you might end up saving $$ by using the expert who can bring a buyer to you.

Dmitriy is right, and agent would help a lot.

What kind of feedback are you receiving from the prospects who've shown interest but backed out?

...I see "For Sale By Owner" homes on the market for months...compared to a home listed with an agent, they get sold faster in most cases...and for more money. Just a thought for you...sometimes it's best to let an expert do the work for you.

I am no wanting to use an agent, most agents I see just put it on the mls and hopes it sell and then they tell me to keep lowering the price etc.

Plus I like owner financing bc it will make me more money and a passive income.

What is some good ways to get traffic thru the propery

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