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FAQ

How can I sell my property without paying estate agent commission?
How do I sell my property without paying a real estate commission?Easy.Sell it yourself. Sell it as a FSBO (For Sale by Owner).There’s no requirement that you use an agent to sell your property. As a licensed agent (as well as an investor), I think it makes sense to use an agent. Even investors generally use agents to sell their rehabs and flips. You can get a lot of advice on pricing strategies, marketing strategies, staging techniques, and more. Except in super-hot markets where anything will sell instantly (as in the market in 2006), you’re far better off with an agent.However, it’s your choice.One possible glitch, though. Most homes are sold by agents. And in your marketing strategy, you really should include a few hundred dollars to get your property listed on the MLS. What all that means is that there’s a good chance that your buyer will be represented by an agent. Although the buyer’s agent probably has a signed agreement with the buyer that can require the buyer to pay the agent’s commission if a commission isn’t available from the seller, it usually works out that the seller still will pay the buyer agent’s portion of the commission.In other words, if the buyer has agreed that the buyer’s agent will receive (hypothetically) a 3% commission, that agent will first come to you to try to persuade you to pay the commission. You, of course, can say no and lose the sale. Most sellers say “yes” in order to sell their property.Thus, even if you go the FSBO route, you may face a situation in which you’re being asked to pay a reduced commission.And remember that there are other costs that the seller has to pay. Also, depending on your property and the buyers, the buyers may want you to pay closing costs and other fees. (Though that would occur even if you were represented by an agent.)So you may save a portion (and possibly the entire amount) of the commission you’d pay if you sell FSBO. Again, I don’t recommend it, but you do have that option.
How can Nextdoor users foster activity, increase engagement, and promote dialog on a neighborhood's site?
Below is a set of best practice recommendations for encouraging activity on Nextdoor that we have begun to pull together.But if I had to call out the single most important one, it would be to ask for recommendations. People love to talk about their own experiences and to help their neighbors, and if you actually ask for a recommendation, it gives people who might otherwise be hesitant the "permission" to share their stories.-----Model the behavior you want to encourage·       Fill out your profile and add a photo·       Ask for a recommendation·       Sell or (even better) give something away·       Welcome and thank·       Post whenever you notice things in the neighborhood Fill out the website·       Add safety info to the Resources section of the Crime/Safety page·       Ask neighbors to sign up for urgent alerts·       Create groups (pet owners, parents, gardeners, etc.)·       Add neighborhood info to the About Page  Plan an event using Nextdoor (potluck, communal garage sale, picnic) Ask long time residents to share stories about the neighborhood's history Create fun "polls" (What are you reading?, Last movie you liked?, etc.)
What should you watch out for when buying a home that's "for sale by owner"?
So many, many things.  Essentially, you'll need to do all the investigative work that a Realtor would do and have the right experience to recognize issues when they come up.  It could be anything from hidden terms on the purchase agreement, especially a non-standard form, to undisclosed problems with the house, which can literally be endless possibilities.  Real estate brokers are bound by ethical and fiduciary duties to uncover and disclose known problems from Sellers.  A good broker can see problems from a mile away.  A Seller working without an agent doesn't necessarily have to abide by those obligations.  Plus, a Seller with some experience might (intentionally or not) take advantage of your inexperience and structure deals that are not favorable to you and put you into situations with expensive liabilities, like permit or easement issues.  After all, he knows his house way better than you do.
How can you get the same value out of selling your home with for sale by owner (FSBO) vs a traditional realtor?
The short answer is, most likely you won’t. And here are a few reasons why:You don’t know the market - proper pricing is everything and FSBO sellers almost always price too high.You don’t know marketing like a really good agent/broker does. And yes, it matters. It matters a lot, because if they don’t come to see your property they can’t buy it.You won’t reach anywhere near as many buyers with that approach.Most buyers don’t like viewing properties when sellers are there. It keeps them from poking around as much as they’d like and/or asking tough questions because you’re the seller.Buyer’s agents don’t like working with unagented sellers because they often end up doing the job of the listing agent without getting paid for it.Most buyers who come in directly will just deduct the buyer agent portion from the price anyway.A really good agent/broker will not only get you top dollar for your property, but will help avoid buyers coming back to you post sale because you failed to prproper disclosures or did something else wrong. Really good agents/brokers are worth the money.And notice that I have repeatedly said “really good.” So don’t hire your friend. Or your cousin. Or your neighbor. There is a LOT more that goes on behind the scenes that most sellers and buyers have no idea about, particularly with a really good agent/broker, because they make it look easy. It isn’t, it comes with experience. Do yourself a favor and go out and find the best local expert to sell your house and you won’t regret it.
My friend was forced out of a house they trespassed in, at gunpoint by the owner. Was it legal for the owner to do this?
Not to disagree with nearly everyone who has already responded to this, but I disagree with nearly everyone who has already responded to this.But part of the problem is that we don't actually have enough info.Most everywhere in the U.S., when you are not in your house, you have a "duty to flee" unless you cannot reasonably do so.  This means that if you can run away that is what you should do.  If you can't run away, then you may respond to your aggressor with equal force.Generally speaking that means if your attacker is unarmed, you can fight back unarmed.  If your attacker has a non-deadly weapon, then you can use a non-deadly weapon.  If your attacker is using lethal force, then you can respond with lethal force.I say nearly everywhere because there are exceptions, like Florida and their "stand your ground" law that changes that.  But those are the exceptions to the rule.Of course some of this changes once you are home.  In your own home you no longer have a 'duty to flee' and you can defend your home.  However the 'respond with equal force' portion does not go away.So, your friends are trespassing.  The homeowner shows up and tells them to leave.  They refuse and possibly threaten him and he threatens to shoot them.  Before anyone can say for sure if the homeowner was justified, we need more info.  Such as:- What was the threat?- Was it a realistic threat or just nonsense?- Were the trespassers armed in any way?- Did the threat include whatever it was they were possibly armed with?- Was the homeowner's gun loaded? - Are there drugs present?- Are the trespassers visibly high on drugs? - What were the age, sex and size of the trespassers?- What was the age, sex and size of the homeowner?The last two are not really part of any law, but they will play a part in any jury's deliberation.So here are two scenarios.  [Note I've changed the ending in the scenarios from what actually happened]:Scenario 1: The homeowner, a 35 year old male, professional weight lifter and black belt in three types of martial arts, comes home to find four girls all around the age of seventeen in his house.  The homeowner recognizes them as local girls from the neighborhood.  The girls are all dancing and are all wearing short shorts, tight t-shirts and flip flops.  The homeowner tells them to leave and they refuse.  One of the girls says, "Chill out.  We're just dancing."  Another girl says, "If you don't leave us alone I'm gonna call the president and have him drop a nuclear bomb on your house."  The home owners goes and gets a gun and threaten the girls.  The girls start screaming.  Somehow in the confusion the gun goes off and one of the girls gets shot, but fortunately nobody dies.Scenario 2: The homeowner, a 72 year old, retired female librarian who walks with a cane, comes home to find four large men partying in her living room.  She does not recognize any of them.  The screen of her television set is smashed in and the living room is a complete mess.  There are a variety of drug paraphernalia scattered across the coffee table and some of the trespassers are acting strange, erratic and aggressive.  The trespassers are all wearing baggy pants, and jackets or hoodies.  One of them has a gun visibly tucked into the back of his pants and there is a second gun on the coffee table with the drugs.  The homeowner tells them all to leave.  One of the trespassers says, "Grandma, get out of here now before we decide to add you to this party."  Another one pulls the gun from his pants and says, "If you don't leave I'm going to shoot you in the face with this gun. The homeowner retreats to the hall closet and gets her shotgun.  She returns and tells the four to get out of her house now.  One of the trespassers says, "@?#$* I'm going to kill you?" and reaches for the gun on the table.  The trespasser with the gun in his hand points it at the homeowner.  She fires repeatedly and kills all four of them.In one of these scenarios the homeowner will be treated like a hero.  In the other one, the homeowner will be going to jail.  I will assume that you can figure out which is which.Of course in the real scenario, nobody was hurt or shot, which definitely changes things and makes it all a bit grayer.The question then is, if we make a spectrum with scenario 1 on one side and scenario 2 on the other side, where does your friend's situation fall?The point is that without ALL of the info, we just cannot say.(And that is all of the ACTUAL information and not just what your friend told you when he was trying to impress you with his tale.)
Buying a Home: What is the best way to find For Sale By Owner (FSBO) properties?
Check out these FSBO sites: fsbo.com/www.homesbyowner.com/www.forsalebyowner.com/www.owners.com/www.buyowner.com/www.fizber.com/craigslist.org [search for FSBO or "For Sale by Owner"]Don't forget social media [ex: search twitter with the hashtag #fsbo]Buyer Beware. Buying a home is a serious financial transaction. If you forego the services of an experienced buyer's agent, I advise hiring a lawyer to conduct due diligence and ensure nothing is overlooked. A few hundred dollars is a small price to pay for peace of mind. If you decide to hire a buyer's agent, then don't forget that you may be able to get a rebate back from your agent. A rebate is essentially a cash incentive to encourage you to hire a particular buyer agent. Rebates are typically paid out at close of escrow and can save you thousands in closing costs. You can also use them to outbid your competition in the purchase of your dream home. Visit UpNest (I'm the Marketing Director here) to be matched with top, local buyer agents offering rebates.
What are some tips for selling your home, "for sale by owner"?
Here are listed a few quick tips to sell your houseMake your house presentable. If needed get a whitewash done. Look for any leakages in the house or any furniture which needs to be fixed especially in the kitchen (modular kitchen).Tell everyone in your circle that you are willing to sell your house. Market it well. Put ads on various property selling portals and on social media platforms. You can also hire an agent.Create a virtual tour of your place. This you can give to the agent and also put on property selling websites along with your ad.Observe and study the real estate market around and price your house accordingly.Keep all your property papers handy.Always be ready to show your house to the buyers, sometimes at very odd timings too.Remove the extra unwanted things/furniture to make your house look bigger.Get proper lights in every room. Warm white lights (yellow coloured) can be a turn off if the buyer visited your place in the dark.Look for buyers who are ready to pay 20% downpayment in cash. This way they will be eligible for a home loan too.Have some patience. You are selling your house and not veggies. It is a time taking process.Be open to negotiating. Be polite and humble and don’t be too rigid on your price.
How do I express my intent to purchase a house that is not for sale by its owner
I am going to restate this question as the grammar used makes it a bit difficult to understand your true intentions. I am going to assume for a moment that you meant to ask:“How do I express my INTENT to purchase a house that is not for sale BY its owner.”If that is not the case, please explain in the comments to this answer.You send them an actual offer. Pure and simple. If you actually want to buy it, you find an attorney or an agent who can write an offer on the property and leave it to the professional to determine how best to deliver the offer after you have signed it.It is rare that someone actually wants to BUY a house sight unseen, but I have seen it happen several times. Usually it is a piece of land or a house on a piece of land that the buyer wants to possess. The actual house on it then becomes irrelevant and the buyer does not need to decide based on being inside the house of it.This is done all of the time and you need to write a very STRONG offer and often with a “non-refundable” deposit. These types of offers are done most often by builders who send them to 6 owners when only intending to purchase 2 or 3 of them. They pay a non-refundable deposit to all 6 with a 6 month’s to close contract. It is how they keep projects in their pipeline on a continuous basis so that they do not have any down time.When you say “who do I express my MEANS to purchase” you are suggesting that you need to prove to them that you have the “means” to buy it. That you have the money to buy it. That is a different issue altogether and often purchases of this kind are cash purchases and not financed purchases. Proof of Funds to purchase doesn’t happen until after you get the owner to agree to sell it.Everything is for sale…if you are willing to pay the right price to cause that to happen. Often you have to pay a premium to buy a property that is not for sale. Sometimes you can offer a fair price with unusual terms. But if you don’t KNOW for sure that you want to buy it or have the means to buy it, sometimes it’s better not to drag other people into your fantasies. TEST your desire and ability to purchase by going to a professional to write the offer. If they won’t write it and deliver it because what you are proposing is not realistic, then you won’t have to bother the owner unnecessarily.If you want to pradditional details as to why you know you want to buy this particular property without having seen it, I would be happy to expand the answer accordingly.