A listing in the MLS offering a standard commission to the buying agent. In a lot of places you can get into the MLS for maybe $150 bucks. 95% of all homes get bought and sold in the USA using the MLS. 90% of all FSBO eventually end up hiring an agent to list there home.
But being in the real estate investment circle you are not the typical seller that makes up the 90 percentile.
I think you will find that offering zero down, with favorable, flexible terms is going to give you lots of prospects. However qualified they will be is another story.
[addsig]
I find that putting in ad in the paper for a lease option and then trying to convince them to buy it outright is the most cost effective way to sell. The lease option usually generates a lot of interest, and I can usually convince the person that they would be better off buying it with a 100% loan than renting it. Of course being a mortgage broker I can very quickly find out whether they qualify or not. Even if you have to lease/option the property it is usually more cost effective than paying realtor commissions, as even if you get it listed on the MLS for a few hundred bucks you will have to pay 3-4% to the buyer's agent.
I recently read a book called "Are you dumb enough to be rich". I think the author was William Barnett, but don't quote me. Anyway, in the book he addresses that problem very well, and one of his favorite ways to sell a property is to "auction" the down payment on Ebay. He has lots of ideas worth considering, and I'd recommend you check out that book and read at least the chapters about selling FSBO. Zach
A listing in the MLS offering a standard commission to the buying agent. In a lot of places you can get into the MLS for maybe $150 bucks. 95% of all homes get bought and sold in the USA using the MLS. 90% of all FSBO eventually end up hiring an agent to list there home.
But being in the real estate investment circle you are not the typical seller that makes up the 90 percentile.
I think you will find that offering zero down, with favorable, flexible terms is going to give you lots of prospects. However qualified they will be is another story.
[addsig]
I find that putting in ad in the paper for a lease option and then trying to convince them to buy it outright is the most cost effective way to sell. The lease option usually generates a lot of interest, and I can usually convince the person that they would be better off buying it with a 100% loan than renting it. Of course being a mortgage broker I can very quickly find out whether they qualify or not. Even if you have to lease/option the property it is usually more cost effective than paying realtor commissions, as even if you get it listed on the MLS for a few hundred bucks you will have to pay 3-4% to the buyer's agent.
I recently read a book called "Are you dumb enough to be rich". I think the author was William Barnett, but don't quote me. Anyway, in the book he addresses that problem very well, and one of his favorite ways to sell a property is to "auction" the down payment on Ebay. He has lots of ideas worth considering, and I'd recommend you check out that book and read at least the chapters about selling FSBO. Zach