DIY House for Sale by Owner: Tips and Tricks

If you are selling your home in Albuquerque, you may be wondering whether you should consider owner financing, or using an escrow company. The options for selling your home can be confusing, and you should weigh all of your options.

Is Listing Your Home For Sale By Owner Worth It?

Owner financing is like any other type of financing - it’s great if the situation calls for it. Many people are nervous about putting their house for sale by owner, but there are a lot of homebuyers who are specifically looking for homes utilizing an escrow company along with owner financing. If the situation is right, owner financing is a great option! Selling your home by owner is a very similar process to using a realtor.

What Documents Are Needed To Sell Your Home By Owner? 

Just like traditional listings, you will need a mountain of paperwork to sell your home by owner. Make sure you have all financial and legal documents in order before you list your home, just like you would if you hired a realtor.

Do Realtors Avoid Homes For Sale by Owner?

Realtors may avoid for sale by owner homes since they are not listed in the MLS. However, by listing their home for sale by owner, Albuquerque homeowners avoid paying high commissions and fees required when you use real estate agents. Usually, homes listed for sale by owner have a different market; entrepreneurs with generous finances are often looking for homes with owner financing since they often have difficulties getting a traditional loan from a bank.

How Much Can You Negotiate On A House For Sale By Owner?  

One of the great things about homes listed for sale by owner in Albuquerque is that if you are a buyer, you are negotiating directly with the owner, so there is no middleman to deal with. If you are the owner, you know your bottom line and are able to negotiate your own deal. Negotiating on a house for sale by owner is much less stressful since you aren’t submitting an offer through multiple people and crossing your fingers, hoping it is enough. It cuts down on back and forth, and allows you to be confident both the buyer and seller are getting a good deal.

Let Sunwest Escrow be your Trusted Third Party in your For Sale by Owner transaction. Call right away at (505) 237- 2225!

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