Of course I read the article (and the more detailed article printed elsewhere) and I know the backstory...Whatever your take on my analogy, the fact still remains that he enlisted a real estate professional to assist him in successfully selling his property...Fact is, brokerage is an art and a science...If a homeowner wants to go FSBO, I strongly encourage it. Statistically, most FSBO's will list their property with an agent because the process of pricing, packaging, marketing, negotiating and closing a deal is great deal more complex and time consuming and nuanced than most people realize. From my personal experience, FSBO's make great clients because after their "solo" effort, they tend to appreciate what I do for them as a professional real estate broker.
http://www.coatesville.org/administration/finance/real-estate-taxThis website should get you the answers you need. Good luck!
Providing a service to others for a fee is smart business. The owners of ForSaleByOwner.com recognize a niche for their business...But offering a service to others is far different than offering to oneself...a surgeon would never operate on himself/herself...in this case, the providers of ForSaleByOwner.com were smart to recognize that representing oneself in a real estate transaction is not always the best policy. As a 20 year veteran of real estate, I can attest that good systems backed by good service do have a real, measurable financial upside to clients. The people I work with recognize that we are worth our fee because of the service we provide. Yes, they can list on that website, but they don't...Kudos to ForSaleByOwner.com for recognizing the value of professionals in professional services!!
If you really want to know what your financing options are, you need to contact a reputable lender. In today's world, you will absolutely need proof of cash or a loan pre-approval to make most contract stick. Through my 20+ years in real estate, I have had the priviledge of working with many loan officers, and one of the best is Sean Zalmanoff at USA Mortgage - [phone number removed by moderator]. Bluntly, he will tell you straight up what issues are important, and how to work on improving your credit over time. FHA is king today, but you may have other options.Bryan Young - Young Realty Group
The key is to have the items in place (and verified) prior to closing, right? So, you may need to think a little creatively to get the deal done. For example, can the owner "front" the cash required to install the hot water heater and furnace by getting billed at closing by the installer? Can the owner put the installation on a credit card or other line of credit? Can the owner borrow funds from a family or friend until closing? Can you go to a hard money or private lender for a short term loan of the installations? You can always fall back to a 203k or construction loan if other options are not available. Be upfront. Ask lots of questions. Sometimes deals take some creativity...
Congratulations! I teach the Salesperson Pre-Exam and Missouri Real Estate Practice Courses in Metro St. Louis for two different schools. I want to commend you for making a great decision in getting your real estate license now.You have the same question many of my students ask: How do I find the best broker affiliation? Many people think only about large franchises like Coldwell Banker, Keller Williams and RE/Max, but there is world of great experience and training available through some of the smaller franchise and independent companies.Look for an active and well respected broker who has a great "on-boarding" program. Evaluate their culture and how you would fit. If you are going to be part of an existing team, Understand what role you will play in the team. If you are going to be a single agent, look for someone who will insist that you pull together a detailed business plan and marketing strategy. In any case, understand, you are in charge of your own destiny and success. I would be happy to help you chart a path and get connected to some great brokers.Bryan Young[contact information removed by Zillow moderator]