Profile picture for RTorg6

What are the pros and cons of selling by owner versus through a mortgage company

  • December 20 2010 - Sharon
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Answers (5)

Profile picture for SteadyState
Magrita is blatantly spreading falsehoods. Here is an actual recent study (2007) performed by two University of Wisconsin economists whose results completely destroy the NAR myth that going through REA will get you a better price on your home.

Selling through an agent results in two disadvantages:
- They do not get you a better price for your home
- You pay up to 6% in commission to the agents

Here is a quote from the study:
"Our results are good news for buyers, The price buyers pay appears to be driven entirely by the characteristics of the property and of the seller. Whether the property is sold through FSBOMadison.com or a realtor appears to make little difference in terms of purchase price."

  • January 19 2011
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Profile picture for rockinblu
"statistics show that a FSBO gets 20% less than with an agent!"

Margarita,

It's bad enough that you're in violation of Zillow's Good Neighbor Policy with all the spamming that you're doing, but do you have to mislead the consumer with self serving statements that haven't any merit in actual facts. Give me one unbiased study to back up your statement.
  • January 19 2011
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Sell with an agent, statistics show that a FSBO gets 20% less than with an agent! you actually loose money if you  try by yourself that is thousands
Give me a call and I will give you your own website FREE you can always try see sample [link removed by moderator] send me an email with your address!

Thank you
Margarita Swartz
[contact info removed by moderator]
  • January 19 2011
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Are you talking about selling the house by yourself versus through an agent or did you mean to do owner financing?
  • December 20 2010
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Profile picture for the_country_hick
If you sell and get a check you know you have the money.

If you sell and finance it yourself you never really know if you will get paid or not.

One of the biggest problems I would say is inflation. Due to several factors including the federal reserve printing extra money from thin air. If you are getting your money at 5% and inflation is running 12% you are losing money by not having real money.

Owner finance is sued mostly by people who can not get a loan. Usually there is an exceptionally good reason they can not get a loan. You may see this work out. You may not get paid and then have to pay to evict them and pay for the damage they caused.
  • December 20 2010
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