FSBO | Choice Property Solutions - Real Estate Problem Solvers

Sometimes if you want to see a change for the better, you have to take things into your own hands. Clint Eastwood

Real estate agents love FSBOs (For Sale By Owner) as they believe sooner or later the property owner will tire of the process and give them a call. Sometimes this is the best option. If it isn't, and time is passing with no sale, we have a couple of suggestions that may meet your particular needs.

We Also Buy

As good as realtors can be, there are times when they cannot help. If you have little or no equity, there is no room for their commission. If there are major problems with the property, they may not be interested.

You may be months behind in the payments and forebearance is coming to an end. You may not be able to make up the back payments to keep the lender happy.

We may be able to buy your house in either circumstance. Give us a call and we will see what we can do to help you with your particular situation.

Cash

Yes, we buy for cash but that may not always be the best deal for you.

Lease Option

With this choice, you get pretty much the full price for the house, however the payment is delayed for several years. We put someone in the property who may not be able to get a traditional mortgage for reasons such as short time on the job or being self employed (that is business owner). Many of these people have good incomes but their siuation scares the lenders underwriters. Over the term of the lease option they get their financial house in order so they can get traditional financing or they find alternative funds.

You may be thinking about just taking back a note on the property for such buyers. That is something that some people have done successfully. What you need to consider is that the federal government (through Dodd-Frank) has instituted many rules regarding owner occupant mortgages that make it a minefield for the inexperienced individual trying to help a buyer. If you should decide do that, it would be best to put the loan through a mortgage broker to be certain the proper paperwork is done and the buyer does not get a free house because you missed a required form. Oh yes, one more thing, should a problem arise with the payments, it is much quicker, easier and cheaper to evict a tenant than it is to foreclose on a title that has already been transferred.

Flex Option

Look at this as kind of a back up plan for you. We take an option to purchase your property for a given price – not necessarily the full price, but one you can live with. We then locate a buyer for the option through our contacts with other investors or we will complete the purchase ourselves. This is for a period of time – perhaps 90 days. During this time you can still market you house for what ever you believe to be a fair price. You can cancel this option at anytime up to the point we notify you that we will be exercising the option to purchase. What this does is permit you to look for your higher price but should that not work out we are there as a backup to get the place sold.

Either Case

In either case, we are acting as a principle in the transaction and not as a agent. While these solutions are geared toward solving your problem, whether it is double mortgage payments or a house you don't live in that is just costing you money you don't have, or whatever, we are a business looking to make a profit since we have this silly habit of eating at least once a day.

Selling Your House

Welcome to our FSBO page. In case you are not familiar with the term, it is pronounced fizz-bo, and it stands for For Sale By Owner.

Even though we are in the midst of a seller's market where several buyers are lined up as soon as the house comes on the market, this doesn't happen for everyone. If that is the case, selling a home yourself can be a challenge – almost as much fun as slamming your finger in a car door. We put together a few items on this page may make it a little easier and a little less painful.

Home Sellers Checklist

Getting your house ready to sell isn't rocket science, but there are many details that help or hurt your chances of getting the best price.

How to improve curb appeal
What do buyers see in your kitchen
How does the bathroom look
Are your windows helping or hurting
How about your floors

Whether you are using a realtor or selling it yourself, this is a FREE checklist of things to be aware of to make the best possible showing.

Pictures Sell the Property

If you are looking to sell your house, condo or manufactured home, you will need to have some pictures for your ads and flyers. Better pictures will get you more interest, which usually results in a better price. You can hire a professional for several hundred dollars, but if you want to do it yourself, there are a number of things you can do to make the pictures better and make your house look better.

Read the rest of the blog post,

The Next Step is Moving to Video

Once you have some good looking pictures you can make up some nice marketing pieces to distribute in your neighborhood or put in the holder attached to your FSBO sign. Or... you can turn them into a video that really shows off the property you are looking to sell. If it's in the budget, you can get a professional videographer put one together.

If that doesn't work well for you, we can take them and clean them up to make a video to promote your property.

Check out our video page. It may be just what you are looking for.

Sell your house with a video presentation.

We Wrote the Book

We put together this eBook Sell Your House Like a Pro!!!

It goes over everything you just read in much greater detail. These are details your friendly real estate agent or local investor won't, or can't, tell you. It talks about inspectors, agents, staging and showing as well as getting buyers coming to your door.

Pretty much everyone can learn from this book, or at least find something to argue about, especially first time sellers.

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