Latest Articles by xjwenn http://www.articletrader.com/ Articles at ArticleTrader en-us Home Selling Tools - 100 Resources and Tools for Selling Home with FSBO http://www.articletrader.com/finance/real-estate/home-selling-tools-100-resources-and-tools-for-selling-home-with-fsbo.html http://www.articletrader.com/finance/real-estate/home-selling-tools-100-resources-and-tools-for-selling-home-with-fsbo.html Tue, 04 Dec 2007 00:00:00 -0600

Topics Covered In This List
Advice | Appraisers | Auctioneers | Blogs | Contractors | For Rent by Owner | Home Improvement | Inspection | Investing | Land & Condos | Listings | News

Advice
If you?ˉve never sold property before, you?ˉll need to do a bit of research to learn how to be successful in your endeavor. Even if you?ˉre a seasoned pro, you know that others may have a solution for various problems that arise. The sites listed below cover everything you can possibly imagine about FSBO topics. And, they undoubtedly cover topics that may not have crossed your mind ?-

AOL Real Estate: Research local or distant markets, learn about valuations, and utilize real estate tools and more at this site. This site also includes listings.
Get-Ready-Sell-First-House-Smart: Despite this site?ˉs silly name, the author has compiled some sane advice for selling your home. All the topics are categorized, and tips range from DIY staging to success stories.
Home Buying/Selling: Elizabeth Weintraub at About.com can tell you all about buying or selling a home, from checking a sewer before you buy to using dual agents when you sell. You?ˉll find hundreds of pages filled with solid information at this site.
Home Sellers Information Center: You will find everything related to selling a house here, from the preparation of your home, choosing whether or not to use an agent, how to set the price for your house, to how to best show your house when it is on the market and more.
HUD: The U.S. Deparment of Housing and Urban Development provides tons of information for homeowners, sellers, and buyers. You don?ˉt need to use their services to take advantage of the news and advice that they offer.
MSN Real Estate: This link will take you to the ?°Selling Your Home?± section, where MSN provides news, updates, and advice on selling your home with or without an agent.
Real Estate ABC: RealEstateABC.com was started in March 1998 with the goal of providing a site that candidly informs homebuyers and home sellers about the real world of real estate, without puff, hype or sensationalism. You can find an extensive list of how-to articles here that will help you brave the world of home selling.
Sell My Home 101: This Web site is packed with timely and useful information for home sellers about real estate. You?ˉll learn about real estate, the process of selling a home, what to look for in a realtor, pricing your home to sell, and much, more.
SmartMoney: This link will take you to SmartMoney?ˉs real estate section, where you can find advice on everything from buying to mortgages, along with worksheets to help you stay ahead of the game.
Yahoo! Real Estate: You can list your home for sale, check the value of a home in any given community and more at this real estate news and self-service portal.
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Appraisers
You may believe your property is worth a zillion dollars, but an appraiser could help you land softly in the real world. It would be impossible to list every appraiser here, so this list is about the best of appraiser directories and tools.

AppraisalEdge: AppraisalEdge.com prides itself on not only being a national real estate appraisal directory but an information resource for real estate appraisers, consumers and loan originators alike.
Appraisers.com: This is the oldest existing appraiser listing service on the Internet. This service is designed to help consumers and financial institutions quickly find real estate appraisers serving any county in the USA.
e-Appraise: This site is filled with tools for the appraiser as well as for the homeowner. You can find appraisers through their directory, but you might want to snoop around to use the calculators, read the classifieds, and more.
FeeAppraiser.com: Feeappraiser.com was developed by real estate appraisers, professional database managers and website designers to provide those who hire appraisers a quick and easy way to find fee real estate appraisers (appraisers directly available for hire) in every area of the United States and the 4 territories licensed under the Appraisal Foundation.
HomePrice: This program operates on a national level with two types of reports, the Property Value Estimator and the HomePrice Report. Both products are designed for existing residential properties from single-family homes to high-rise condominiums. Reports will not be available for new construction, multi-family or mobile homes.
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Auctioneers
You might think you?ˉll never need an auctioneer to sell property; but these folks come in handy when you want to finalize a will or probate for a family member or when you need to sell property quickly. The following auctioneers were chosen simply for the amount of territory that they cover within the U.S.

A. J. Billig & Co.: Established in 1918, this is a family business with a professional reputation.They produce hundreds of auctions every year, and they?ˉre known as a dynamic business participant throughout the Mid-Atlantic Region.
Christenson-Elms: This company specializes exclusively in the sale of distinctive real estate for premier developers and builders. Located in Florida, they handle estate sales and auctions nationwide, and have sold in excess of 24,000 properties.
Deiro & Associates: Deiro & Associates has been one of America?ˉs premier family owned real estate, auction and liquidation companies for 30 years. They advertise as a national company, but they seem to focus on Western properties.
Fuchs Auction and Realty: This company provides all the brokerage services as if the property were sold using the private traditional negotiated method. And in addition they provide packaging, promoting, showing and conducting the auction from the sale to the closing. You set the date and time of the sale, as well as the terms and conditions.
Grand Estates Auction Co.: This company specializes in the marketing and sale by auction of luxury real estate throughout North America and the Caribbean. By offering only the finest luxury properties at auction they can create a more concentrated marketing effort to maximize interest and expedite the selling cycle, allowing for both buyers and sellers to take part in a swift and seamless transaction.
Higgenbotham Auctioneers International: Since 1959, Higgenbotham Auctioneers International has had tremendous success marketing real estate and other assets using the auction method throughout the U.S. Their president, Martin Higgenbotham, is a member of the National Auctioneers Association Hall of Fame.
LandAuction.com: LandAuction.com has been doing business in the State of California since 1990 with a goal of becoming the largest auctioneer of raw land for sale in North America. LandAuction.com purchases the property before they put it up for sale at auction.
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Blogs
Unfortunately, there?ˉs a real dearth of FSBO-specific blogs that are both useful and up-to-date. However, we did find some FSBO blogs and included them here, along with great blogs that focus on real estate investments, home staging, and other topics within the FSBO realm.

Best Home Selling Tips: John Wen is a licensed real estate agent in Georgia who shares his home selling secretes, ideas, strategies, and effective marketing methods.
Blog.ByTheOwner.com: A blog about the real estate market and the for sale by owner process, sponsored by ByTheOwner.com, Canada?ˉs popular private sale website.
Building an Empire: Trisha Allen is 32-year-old full-time real estate investor and realtor has been investing in real estate for over four years. She brings her personal insights into the ups and downs of building a personal real estate empire.
For Sale By Locals (A New Real Estate Approach): A blog that is an offshoot of the ?°For Sale by Locals?± Web site. Entries include business information, tips, and advice on how to work with online real estate services.
For Sale By Owner - FSBO - Law Blog: Craig Blackmon, a Seattle, Washington attorney whose practice is centered on residential real estate, authors this blog. He handles both transactions (including FSBO) and litigation.
Get Happy Home: This FSBO blog is sponsored by the Get Happy Home listings. Although the blog hasn?ˉt been recently updated, you can find some useful information here, especially on remodeling.
Home Staging Blog: Nickie Rothwell provides homeowners with news and ideas about home staging so you can sell your home as quickly as possible and at the best possible price.
Home Staging, Rants & Ravings: Craig Schiller, a professional home stager and founder of Real Estaging (Chicago), is behind this property merchandising and home staging blog.
Landlord Shmandlord: This is a blog about being a landlord and investing in real estate.
The FSBO Blog: This is the best and most up-to-date FSBO blog around. The authors of this blog work at or own multiple real estate companies, including some ?°For Sale By Owner?± service companies. Everything written at this blog, however, is their personal opinion and is not read or approved before it is posted. You?ˉll gain insight into the news, tools, and issues of the FSBO ?°real estate revolution.?±
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Contractors
Before you sell you may need to make some major alterations to your property. If you don?ˉt have the time to do those repairs or changes yourself, you can contact any one of the nationwide companies listed below. They will put you in touch with a local contractor(s) who will do the job, no matter if it?ˉs large or small.

ANDY OnCall: This company will send a handyman out to your home for a free estimate on small jobs, repairs and maintenance. Whether to fix a fence, caulk a tub, or hang a blind, ANDY OnCall? has a craftsman for your job.
Handyman Connection: From painting and electrical work to basement, bath and kitchen remodeling, this company will get your project done right. They?ˉll match your large or small project with the skills of a talented craftsman who has at least 10 years of professional experience.
Handyman Matters: Choose among over 1,000 services provided by this company. They have a ?°preferred price?± option, where you only pay for the time spent on your project.
Home Improvement Hub: Tell this company about your home improvement project and they?ˉll match you up with up to four price quotes. These are free estimates with no obligation.
ImproveNet: ImproveNet has been matching homeowners with contractors for home improvement, remodeling, .maintenance and repairs since 1996. Improvenet is a free service with no obligation, and is powered by a nationwide, screened network of home improvement contractors.
My Handyman: Also known as Mr. Handyman, you can hire this company for small jobs like hanging curtains or larger jobs like installing tile in the bathroom. All technicians are insured.
NARI: The National Association of Remodeling Industry (NARI) helps homeowners find the right professional partner to do their remodeling. Whether it is updating a kitchen to make it more efficient, turning an ordinary bathroom into a haven of rest and relaxation, or adding a room to meet the needs of a growing family, NARI wants each homeowner to get the maximum value or enjoyment for the dollars they invest in their remodeling.
ServiceMagic: Click on a category, describe your needs, and ServiceMagic will match you with a screened contractor that will fit the bill.
ServiceMaster: You probably know this company by their leading brands, like TruGreen, Terminix, Merry Maids, and more. All you need to do is schedule the service and they do the work.
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For Rent by Owner
Have you toyed with the idea of renting rather than selling your home? For rent by owner (FRBO) sites have proliferated over the past few years. Some homes can be considered vacation rentals, while others are more serviceable. Either way, you will become a landlord! Some of these sites include listings, but they also include other features such as articles, tips, and links to other sites that will help you manage your rental properties.

HomeAway: HomeAway is a community for vacation rental owners. Although the site represents more than 95,000 vacation rental homes, condos, guesthouses, cottages, and cabins in more than 90 countries, it also provides information for home owners who want to rent their property.
HotPads: HotPads is a nationwide map-based rental housing search engine. Whether you are a property manager with hundreds of units or just want to rent out your basement, listing your property on HotPads is free.
How to Rent by Owner: Christine Karpinski has written the book on how to rent by owner. Although this site promotes her book, the advice she offers online is well worth the visit.
iVacationOnline: Joe Godar created this community so like minded vacation rental owners may share ideas and techniques for everyone?ˉs benefit.
Lay My Hat: Lay My Hat is a unique resource for holiday rental home-owners, by holiday rental owners - it?ˉs full of free advice, ideas and discussions focused on the goal of more bookings.
Premier Properties Only: Advertise your luxury home, estate home and luxury real estate properties on this site for a flat annual fee.
Renters.org: This site lists rental properties, but it also provides a forum for addressing issues affecting the industry, and the resources for promoting the highest professional standards for vacation home landlords. Landlords can find useful tools here, including a universal availability calendar and more.
Vacation Home Advisors: With financial, technology and real estate credentials in one firm, Vacation Home Advisors (VHA) provides guidance for owners of seasonal resort rental homes and condominiums, vacation home website development and hosting, and real estate seminars to the investing public.
VacationsFRBO: List as many vacation homes as you wish for no charge, and upload as many photos as you want. A vacation rental property may not be listed in more than one city, and a property must be listed as a vacation rental only during the time that the property is open to rent.
VRBO: Find or list vacation rentals by owner, listed by state. A flat fee includes up to three photos, community support, and - if you already have a Web site - a free link to that site.
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Home Improvement
So you purchased a fixer-upper and you want to make a profit? Learn how to improve that property without damaging the bottom line. The Web sites below focus on all areas of a property, but some - like the DIY landscaping - are included to focus on curb appeal. If you?ˉd rather hire a handyman, use the list under ??Contractors?ˉ above and use the following sites for ideas.

DIY Home Improvement: From interior to exterior, this site covers everything you?ˉd want to know about DIY basics and more.
Energy Star: You can?ˉt go wrong with an Energy Star compliant home. The mere mention of these energy-efficient practices will increase a home?ˉs value.
HGTV: From curb appeal to wallpaper, this site has it all. The site runs in conjunction with the popular Home and Garden Television programming.
HomeTime: Like HGTV, this site leans on a televised program, but it?ˉs not as extensive. HomeTime is, after all, just one show, and it?ˉs focused on heavy-duty changes that can alter your curb appeal or change your floor from tile to wood.
The SideRoad: Jeanette Fisher is a design psychology professor who has expanded her expertise into real estate. She maintains several sites on interior design along with a focus on homemakers and real estate investors.
This Old House: If you can?ˉt get your hands on the magazine or watch the show on television, then this Web site is the next best thing to learn how to improve that old house. Top notch tips from experts on everything to improve the inside and outside of that property.
DIY Landscape Design: You?ˉll be exposed to professional knowledge, advice, tips, recommendations, and do-it-yourself landscape resources and pictures at this site.
Landscape Ideas: The authors have spent thousands of hours developing useful content, taking thousands of landscaping pictures and getting advice from expert landscaping contractors to put this site together for you. Peruse information on everything from decks to tropical designs.
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Inspection
As with appraisers, we cannot possibly bring you all the inspectors listed in the U.S. However, we can point you to some national businesses that will provide food for thought on home inspections, and some organizations that your inspector should belong to in order to be certified or just downright reliable.

Allstate Home Inspection: This home inspection franchise features a directory of affiliate offices in the U.S. plus information on training and franchise opportunities. Their local franchises will conduct home inspections as well as household environmental testing.
AmeriSpec: Over 350 independently owned and operated businesses within this company conduct in excess of 150,000 AmeriSpec inspections annually in the U.S. and Canada.
ASHI: American Society of Home Inspectors (ASHI) is the largest and most respected professional association for home inspectors in North America, with 6,000 members. ASHI?ˉs Standards of Practice, covering all of a home?ˉs major systems, are specifically noted in state and federal legislation and recognized by consumers as the definitive standard for professional home inspection.
Building Specs Inc.: National network of home inspectors provides standards-based home inspections and hands-on home inspector training programs. Includes online search for US inspectors.
Criterium Engineers: You?ˉll find a directory of licensed professional engineers offering home inspections and other building related engineering services in the US and Canada. Includes services, pricing, company overview, office locator, FAQs.
HomeTeam Inspection Service: This franchise utilizes a team approach to home inspections and offers a directory of inspectors across the US and Canada.
HouseMaster: Ordering a home inspection before you list a home for sale is a great idea for people who are interested in getting to a closing quickly and with fewer surprises. HouseMaster home inspectors have collectively performed almost 2 million inspections.
NACHI: The National Association of Certified Home Inspectors (NACHI) is an international non-profit organization helping home inspectors achieve financial success and maintain inspection excellence. If your inspector belongs to this association, then he/she is certified.
NAHI: The National Association of Home Inspectors, Inc. (NAHI) was established in 1987 as a nonprofit association to promote and develop the home inspection industry. NAHI now has over 1300 members in 49 U.S. states, Cayman Islands and Singapore.
Pillar to Post: All Pillar To Post home inspectors are members of regional, national, state and provincial associations, and are fully trained, certified and E&O insured. These franchises are located throughout the U.S. and Canada. They also were named #1 in the Home Inspections category by Entrepreneur Magazine?ˉs 28th Annual Franchise 500? issue.
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Investing
When you sell a home, you?ˉre selling perhaps the largest investment vehicle in your portfolio. No matter if you?ˉre rushing into purchasing a new home, settling back to purchase a second home, or looking at real estate as an addition to a diverse portfolio - the following sites can help you discover whether these types of investments are right for you.

American Investors in Real Estate Online: This organization is committed to providing the highest quality information, services and products for Real Estate Investors of all experience levels from novice to experienced pro alike.
Low Cost Real Estate Forms: Find a plethora of forms here for buying and selling real estate. You will have the option to fill-out your form online and print it or you may save it to your own computer for later editing and printing. You can also alter the forms to fit your particular situation.
National REIA: National REIA?ˉs mission is to develop, support and promote local real estate investor organizations while serving the interests of the real estate investment industry through networking, education, leadership on legislative issues, and promoting professionalism and standards of excellence in the industry.
Property Investing: You?ˉll find free property investment advice, information, insights, ideas and support for people interested in making money from investment property. They also include the latest property news and special reports on property hotspots.
Real Estate Investment Alliance: This group?ˉs research methodology targets rapidly growing real estate markets with strong demographics in Florida, Texas, North Carolina, and the Caribbean. They focus on turnkey and hassle free products.
REI Club: This Real Estate Investment Club can educate you on creative real estate, wholesaling, 1031 exchanges, asset protection, commercial real estate, hard money lenders, IRA investing, landlording, lease options, mobile homes, no money down, owner financing, rehabbing, tax liens, and more. Much of the material is free, and you can also search for an investment club near you.
Tax Rules for Second Homes: Brought to you by Kiplinger.com. This is a great article to read over before you make that ?ˉsecond home jump?ˉ and especially before you rent that home out on weekends.
Yaerd: If you want to invest in some development, you might spend a little time at this site first. Yaerd provides preconstruction investment, new construction investment, residential investment, and commercial investment advice, information, resources, and listings. They also provide property listings for the most promising real estate investment opportunities to help you make the best decision on where and how to invest in real estate (so consider this a great place to list your investment property as well).
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Land & Condos
The following Web sites focus entireley on either condo or land marketing and sales. In all cases you can list the land or condos for sale yourself if you?ˉre the seller.

condoDomain: The reader will find topics that include architecture, new condo developments, mortgage and financing, condo-hotel, design and other categories that deal with urban metropolitan markets around the US & Canada. This blog attempts to connect condominium buyers, brokers and developers.
Condo.com: This company has over 300,000 condos listed on the site from the U.S. and 70 countries around the world valued at over $100 billion. Condo.com provides a low-cost, high impact marketing channel for condo sellers.
Land FSBO: Advertise vacant land, lots, acreage, commercial property and rural farm land. All land listings are listed by owner so you are in direct contact with the buyer.
LandAndFarm.com: This site the global marketplace for rural property, and the flagship of RPB Media. RPB Media was established in 2004 through the merger of LandAndFarm.com and Rural Property Bulletin, a quarter-century print leader in rural property advertising. Now headquartered near Boston, Massachusetts, RPB Media offers a variety of print and electronic advertising vehicles for sellers of land of all kinds, and a safe, effective way for buyers to find their target purchase.
LandFlip: Single to unlimited land listings for a monthly fee and no contracts, comissions or referral fees.
LandsofAmerica: LandsofAmerica.com is the largest rural land listing service in the nation. They advertise farms, ranches, timberland, mountain and waterfront properties for a monthly fee.
New Condos Online: This blog is quickly becoming a relevant resource on the Internet for buyers to find and compare new condos, pre-construction condos, condo conversions, town homes, and lofts across the country.
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Listings
Urbanism is the architectural topic for the early twenty-first century. These blogs deconstruct, analyze, critic, discuss, and practice urban architecture, even when that architecture consists of homeless landscapes.

1-800-by-Owner: This company specializes in residential property, real estate and new homes for sale. They also offer high-end homes and real estate for sale or for rent. For a flat fee, this service guarantees to advertise your property until it is sold. Rates vary depending upon size of package and area in which the property is located.
America?ˉs Choice: America?ˉs Choice? and Canada?ˉs Choice? empower sellers and buyers of residential real estate to find each other and to easily work through the steps of real estate transaction. This company provides marketing, prescreens potential buyers and provides full services at a flat fee. All you need to do is show the home, and they even provide training for that process.
Assist-2-Sell: Assist-2-Sell has over 620 offices in 46 states and Canada with more joining monthly. Each office is independently owned and operated. Each office offers sellers a ?°menu?± of services from a paperwork-only low ?°flat fee?± to a full-blown Multiple Listing Service (MLS?) marketing program.
FSBO: FSBO charges a one-time advertising fee for a nine-month listing. Use images or videos to sell your property.
For Sale by Owner: Advertise your home to nearly 2 million monthly visitors. If you can?ˉt sell your home through this site, they offer a guarantee where they will work with you to find a real estate agent in your area. Once you have sold your home through an agent referred to you by us, you are entitled to a refund of the money you spent with ForSaleByOwner.com or other options, depending on the value of your home sale.
Help-U-Sell: Help-U-Sell is a fee-for-service real estate franchise with nearly 1,000 offices in 46 states and 12 offices in South Africa. Help-U-Sell is a full-service set-fee organization and the company?ˉs licensed professionals manage the entire home sale process from start to finish, including handling all negotiations, providing referrals, showing the seller?ˉs home, and providing expert advice and representation.
HomesByOwner: Serving FSBO?ˉs since 1994 with 1000?ˉs of homes for sale across the US and Canada. The company is operated by Wayne Strobel and his partner, Ken Hamric, and now serves more than half of the nation?ˉs For Sale By Owner magazine publishers and numerous other affiliates - offering clients national exposure coupled with local experts.
International Listings: This is the premier listing service for luxury homes worldwide, where you can list your home for a flat fee. You also can use up to 12 high-resolution photographs of interior and exterior of property on your own Web page.
Owners.com: With Owners.com you skip the realtor?ˉs fee and restrictive contracts, and you can list your home for free. Owners.com makes their profit through advertising, not through their listings.
Zillow: Zillow helps consumers make smarter real estate decisions by providing them with access to the same information and tools agents use to value homes. Additionally, homeowners can take advantage of the Zestimate? home valuation as a starting point for anyone to see - for free - for most homes in the U.S. Advertise homes for sale for free.
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News
If you?ˉre about to sell a home, you might read some real estate news first. Headlines and analyses can help you time your sale to your advantage.

CNN Money Real Estate News: This site falls between real estate advice and vanilla real estate news, as you can find calculators and other tools here that can ease your paperwork.
Forbes Real Estate: If you?ˉre searching for DIY here, you might be in the wrong place. Forbes focuses on luxury real estate, from the mansion of the week to how to own a second (or third or fourth) home. But you can find plenty of practical advice here as well.
Inman News: Inman Real Estate News provides brokers, agents, consumers and industry insiders with the latest news from the Real Estate Industry. As a seller, it would be good to know what these folks know so you can feel both efficient and confident.
MSNBC Real Estate: This link will take you to the top real estate news story and dozens of links for other headlines under this topic.
Real Estate Journal: This Wall Street Journal guide to real estate helps home sellers arm themselves with the information they need to get the most for their money. Readers can browse entries on everything from mortgage rates and residential market trends to relocation and economic issues, home improvement ideas and advice on buying, selling and enjoying a home.
Realty Times: Daily articles covering topics of interest to buyers, sellers, and real estate professionals.
This wonderful article was a gift from Brian at http://www.intlistings.com. He sent an email asking my feeback and also gave me permssion to publish it freely. I am very greatful to his kindness.

Here is what he wrote in his email:

Dear John Wen, I just wanted you to know we recently published an article that we think your readers would love: "The Ultimate Guide to FSBO: 100 Tools and Resources" at http://www.intlistings.com/articles/2007/the-ultimate-guide-to-fsbo-100-tools-and-resources . Would love to get any feedback from you on the piece, and feel free to publish about it on your blog! Keep up the great blogging.Cheers,
Brian

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Brian at http://www.intlistings.com is a real estate blog. He wrote this article and gave permssions to others to post it on their own site. John Wen got Brian's permission and posted this article at his blog site http://besthomesellingtips.com.



Source: http://www.articletrader.com ]]> 8 Factors To Consider If You Need A Real Estate Agent Or Not http://www.articletrader.com/finance/real-estate/8-factors-to-consider-if-you-need-a-real-estate-agent-or-not.html http://www.articletrader.com/finance/real-estate/8-factors-to-consider-if-you-need-a-real-estate-agent-or-not.html Sun, 02 Sep 2007 00:00:00 -0500
If you are trying to decide whether to hire a full service real estate agent to sell your home, here are 8 important factors to consider.

1. What is the housing market conditions?
In a very hot market, everything sells so fast and probably don?ˉt need a full service realtor to sell your home. But, in today?ˉs buyer?ˉs market, an experienced full service realtor and high performer may help a little.

2. Are you in hurry to sell?
You cannot afford to waste any of your time on for sale by owner if you are in a hurry to sell your home, especially you don?ˉt have enough experience to sell a home.

3. Do you have any experience selling a home and have you ever spent some time studying a very good home selling guide from A to Z?
Selling a home is a job of the trained professional?ˉs. It takes a lot of knowledge, experience, time, effects, and comments. If you have never sold a house and have never read a good home selling guide, you are not ready to sell your home yet. If you don?ˉt want to hire a full service realtor, at least read some good home selling guide.You can also read all of my blogs at http://besthomesellingtips.com and subscribe my free eBook on how to sell your home like a pro.

4. It your time better spent not to answer the phone calls from many unqualified buyers?
Once your home is on the market, you try to get as many as potential to call you to increase your chance for success. If you believe that your valuable time cannot be justified to answer many calls from unqualified buyers, then you should list with a full service realtor.

5. Is [tag-tec] home showing a problem[tag-tec] for you?
Different situations could make your home showing a problem. Especially if security and crime are the issues to you, then you may want to hire a realtor.

6. Is your home a high end one or luxury home?
People buying high-end homes usually use a specialized real estate agent and most of them don?ˉt go online to search homes to search for sale by owner.

7. Do you like or hate to negotiate with others on whatever deals?
Some people enjoy the process of bargaining and negotiation. While others hate it. If your skin is too thin to negotiate, then you probably should hire a realtor to do it for you.

8. Does the commission saved worth your time and effects?
Finally, this is the bottom line. You should calculate how much money you can save and weight if this is worth your time and effects not to hire a realtor.

Related blog on home selling tips:

http://besthomesellingtips.com/2007/08/28/top-6-things-your-realtor-must-do-to-sell-your-home-fast-and-maximize-your-profit/

http://besthomesellingtips.com/2007/08/27/top-questions-you-must-ask-before-you-hire-a-real-estate-agent-or-you-could-lose-big/

http://besthomesellingtips.com/2007/08/14/how-a-right-real-estate-agent-looks-like-to-sell-your-home-fast/

http://besthomesellingtips.com/2007/07/21/what-kind-of-real-estate-agent-is-not-good-to-sell-your-home/

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John Wen is a licensed realtor and an active investor. He is well-trained in real estate investment. He publishes his blog regularly on http://besthomesellingtips.com. One of his blog was nominated for one the top 7 articles in an Internet sponsored by Blog Carnival.



Source: http://www.articletrader.com ]]> What Is Lease Option And What Are The Benefits for Seller And HomeBuyer? http://www.articletrader.com/finance/real-estate/what-is-lease-option-and-what-are-the-benefits-for-seller-and-homebuyer.html http://www.articletrader.com/finance/real-estate/what-is-lease-option-and-what-are-the-benefits-for-seller-and-homebuyer.html Thu, 23 Aug 2007 00:00:00 -0500
What exactly is lease option?

In a simple term, a lease option (also called lease purchase or rent to own) is a real estate contract between a homebuyer and a seller (in this case, you) that gives the homebuyer tenancy in your property and the legal right to buy your property at pre-agreed price on or before a specific future date.

When you enter an agreement with a homebuyer, the homebuyer pays you a down payment (option money) to lock the sale price, monthly rent payments, and pay you the full amount of the pre-agreed purchase price at the end of the lease.

This can be accomplished by writing a right contract. A right contract usually includes two separated agreements, one is lease agreement and one sales and purchase agreement.
If the homebuyer exercises the right to buy your home, then the down payment will be credited towards the purchase price.

Under the term of lease option, the homebuyer is the optionee. The optionee is not obligated to buy your home. But, if the optionee chooses to not to exercise the right to buy, the optionee (homebuyer) has to give up his down payment (option money). If the homebuyer cannot buy your home at the end the lease for what ever reason, the homebuyer forfeits the right to the down payment.

If optionee chooses to exercise the right to buy your home, then you the home seller, as the optionor, is required to sell.

What are the benefits for you as an optionor?

1. The agreed-upon price of the property may be at the top of current market value range;
2. Tenant as a future buyer, has pride of ownership and therefore has an incentive to take good care of your property, which is less painful than managing a rental property.
3. The option money can be forfeited if the rent is not paid on time or the property is not purchased at the end of the lease.
4. Seller receives equity build up on the mortgage during the option period.
5. Option money is tax deferred
6. The ability to quickly regain passion and control your property in the event of optionee?ˉs default on the meeting the terms of the option agreement. The process is an eviction rather than foreclosure.

What are the benefits for the optionee (homebuyer)?

1. Buyer can receive control and possession of your property with a relatively poor credit score.
2. Very little initial closing close.
3. Buyer can build up credit score through the help of seller while renting.
4. Buyer can walk away from the contract if the value of the property on the specific future date doesn?ˉt justify its sale price.
5. Buyer can even generate profits if subleasing is allowed in the contract.

What is the risk for you as the seller?

The biggest risk is that buyer?ˉs default on the rent payments and walking away from the contract. Your remedy is to regain to possession of the property by an eviction. But you can prevent it from happen by
1) check the income and credit scores before entering into the agreement with the homebuyer;
2) Ask higher down payment. The higher down payment you get, the better you are protected.
3) Use good real estate attorney to set up the right contract.

When doing lease option, always use a good real estate attorney to help you set up your contract and close the deal in attorney?ˉs office.

If there is anything you don?ˉt understand about the lease option, always ask your real estate attorney for help.

My next blog will be on how to sell your home by lease option. Examples will be given for you to understand it easily



Links For Related Artilces:http://besthomesellingtips.com/2007/07/29/how-to-protect-you-from-buyer-default-when-selling-your-home-with-owner-financing/

http://besthomesellingtips.com/2007/07/29/top-10-mistakes-made-when-selling-your-home-with-owner-financing/

http://besthomesellingtips.com/2007/07/28/how-to-do-owner-financing-and-the-eleven-rules-you-must-not-break-to-protect-you-from-buyer-default/

http://besthomesellingtips.com/2007/07/16/how-to-sucessfully-sell-your-home-by-owner-financing-part-1/

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Author is a licensed real estate agent and active real estate investor. He received extensive training in real estate investment, business financing, marketing, and business management by nationwide famous real estate investors. John publishes his blog on http://besthomesellingtips.com regularly. He gives home selling tips to home sellers in order to help them sell their home fast. One of John's articles was nominated as the top 7 in a contest.



Source: http://www.articletrader.com ]]> Is It The Time Now To Do Owner Financing And Lease Option? http://www.articletrader.com/business/is-it-the-time-now-to-do-owner-financing-and-lease-option.html http://www.articletrader.com/business/is-it-the-time-now-to-do-owner-financing-and-lease-option.html Sun, 19 Aug 2007 00:00:00 -0500
Even worse, the problems in the mortgage industry trigged the sharp down turn in stock market. A flurry of other bad news is reinforcing worries about how difficult it has become for some borrowers to get money. Each day's developments heighten fears that problems emanating from sub-prime mortgages are spreading. The flow of scary news is pumping up fears that have been hurting stocks in recent weeks.


If you are a home seller and got to sell your house now, you need to consider help homebuyers to close the sales easier. You need do things a little bit differently from what people have been doing last few years.If you are a home seller and got to sell your house now, you need to consider help homebuyers to close the sales easier. You need do things a little bit differently from what people have been doing last few years.If you are a home seller and got to sell your house now, you need to consider help homebuyers to close the sales easier. You need do things a little bit differently from what people have been doing last few years.In my previously blog, I talked about offering effective incentives to buyers, which include cutting down the price, offering to pay closing cost or down payment, etc.If you are a home seller and got to sell your house now, you need to consider help homebuyers to close the sales easier. You need do things a little bit differently from what people have been doing last few years.In my previously I talked about offering effective incentives to buyers, which include cutting down the price, offering to pay closing cost or down payment, etc.

If you are a home seller and got to sell your house now, you need to consider help homebuyers to close the sales easier. You need do things a little bit differently from what people have been doing last few years.In my previously I talked about offering effective incentives to buyers, which include cutting down the price, offering to pay closing cost or down payment, etc.Now, you may want to consider offering owner financing and lease option so you can reach those buyers who want to buy but couldn’t get a loan or the interest rate they want. By doing so, you have more arsenals than other sellers.
For the buyers with relatively good credit score above 620 and with enough income to pay your mortgage, you may want to consider owner financing. Based on your financial situation and the amount of equity on your home, you can consider 80-10-10 or 80-15-5 program. That is 80 -15 - 10 loan to value (LTV) than 95 mortgage from an institute lender, 10 second mortgage from you and 5 down payment from buyer. It is much easier for buyers to get a mortgage loan at 80 LTV.You can also do wrapround mortgage. Wraparound mortgage is a variation of a seller second mortgage wherein the seller remains obligated to pay the underlying first mortgage. Seller continues to make payments on the first mortgage loan and buyer makes payments to seller on a new mortgage loan that is subordinated to, and wraps around, the first mortgage.

When you do the owner financing, always get a good real estate attorney to get right things rigth and never try to do it by yourself. You can also read my blogs on what are the mistakes made in owner financing and how to prevent buyer default on payments at http://besthomesellingtips.com/category/home_selling_by_owner_financing/
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For the buyers with poor credit scores but enough income to afford the price of your house, you may want to consider to do lease option. In a lease option, buyer leases your house for 12 months or so and then purchases it at the pre-agreed sale price when the lease is due. Buyer has to pay the option money for that agreed sale price. The option money is non-refundable is buy walks away. But it will apply to the buyer's credit at closing if buyer purchase the house as agreed.

In the lease option approach, the advantage for the buyer is that if the buyer pays your rent on time every month, the buyer will get your help to improve his/her credit score and then ends up to buy your home at end of lease agreement.

The advantages for you as a seller are 1) you get the down payment money if buyer walks away when the lease is due; 2) transfer the responsibility of property maintenance to buyer; 3) possibly a higher price than selling it right now. This is much better approach than just renting it out.

For more information on how to do lease option and owner financing, what to do and what not to do, visit my blogs at http://besthomesellingtips.com/category/home_selling_by_owner_financing/ or
http://besthomesellingtips.com/category/home_selling for sale by owner/
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He is licensed realtor and a very active real estate investor. He is very trained by nationwide famous real estate invetors. His blog site is http://besthomesellingtips.com.

Source: http://www.articletrader.com ]]>