Otherwise, they’d spend a lot of valuable time walking through homes with people who are just lookie-lous…playing “let’s look at nice houses we might be able to afford someday.” When you sell your home yourself, you should also insist that prospective buyers bring a pre-qualification letter with them.Otherwise, you’re wasting your time and potentially bringing people into your home who might have nefarious plans.One well-known scheme is for people to walk through a home, taking notes of all the expensive items they can then come back and steal later (or, if left unattended, they may take small valuables during the walk-through).The couple was expecting their first baby and they fell in love with the house. Once I had spoken to them (and their loan officer), I told Mrs.G that they wouldn’t work out—they simply couldn’t afford it. She called the couple and offered to sell the house to them for ,000 less than the asking price. This seems like a nice, philanthropic gesture, doesn’t it? G was in the process of completing her own purchase on a condo, but after the sale of her house closed, she found out that she couldn’t obtain financing without the money she had basically given away. and the home she would live in for the rest of her own life.Selling your home on your own might not sound so difficult.
G let them in and proceeded to talk to them for four hours. She had visions of a new family growing up in her home, and she really liked the couple. G’s home was worth ,000 more than the prospective buyers could afford.
Selling your own home, instead of using a Realtor for the transaction, can save you some money.
It’s not for everyone, but if you’re up for the task, we’re here to guide you through it.
But when you sell your own home, you’ll be the one walking every buyer through.
Real estate is a financial asset, much like your 401k and stocks.