For Sale By Owner

What is going on your favorite youtuber here? Bo Levin. I'm super excited to have T We've actually had some people ask us lately for t So we're excited to share t If you have not seen our channel before and this is your first time visiting, T You pretty much kind of walk through it all from doing real estate bills to developing, to construction, how to videos. This is kind of Today we have a super cool video. We actually had someone reach out to us just recently and ask us how to sell your house for sell by owner. A lot of times nowadays you have an agent, they do it all for you and it makes it, it does make the process a lot easier. For all those people out there that want to do it themselves, I've been on both sides of the boat here. I've been a real estate agent. I've had my license for, I'd say I had it for about five years or I was actively doing it and then also doing our own deals. And then I actually stopped using that license, started working with a family member and some other real estate agents. And we started just doing our own deals, investment properties t I really never bought and sold after that. I kind of, And so it worked out how it was supposed to. But I do have the experience of being a real estate agent, sold quite a bit, but also, But let's go ahead and get into it and show you how to get your house listed for sell by owner. Well, the real question is, whenever you're getting started is where do I start? Well, first t And n And you can't compare your house to the house down the street. Say that house is a six bedroom, six bath, and yours is a three bedroom, two bath and a one car garage. They have three garages. You can't compare to different things You got to go to somet So the best t What you want to do is look up somet So say that in your area, just to ballpark n Because everybody else's house, everybody else doesn't see the value of your house So if you go look at this other house, it's p So what I always did whenever I was finding, So if your house is 2000 square feet, I mean, 2200, 2300 square feet or maybe a little bit under maybe 1800 square feet, but you don't want to be going and looking at a 1200 square foot house when yours is 2000 square feet. It just doesn't match up on comps price per square foot and then be realistic, I know it's a lot of people put a lot of emotion in their deals and I don't Well, not everybody's tasting me the same as yours. You also have to be realistic too when going to list your houses. Okay. If I list this for, Once you figure out all your n And if you have all the details figured out, the price for square foot, the price, If you have a pool in the backyard, all ultimate hangout patio, make sure to list all those t Because I'm telling you, you might not t But a lot of people do stop by. It also beats you having to answer your phone call, It kind of breaks down the price. I usually list everyt That's probably one of the easiest then of course, Zillow is awesome. I get on there and you can do it for sell by owner. You can create an account and then list your house on Zillow for sell by owner. But the minute you do that, that sometimes that list or your information gets sold to the agents in the area. So right when you do that, you're probably going to have about 50 agents, 200 agents be calling your phone saying, Hey, I have a buyer for your house. Can we schedule an appointment? A lot of times, sorry for you agents out there. If you're watc So if we call you until we have a buyer, a lot of times we wanted to come out to the house and We might not, but I can get there, talk to you for a while and possibly sell you on signing a listing agreement with me so you don't have to mess with meeting all the new buyers and screening them and things I think that it's best, Cause really you want to be straightforward with them. So they can be straightforward with you and really make sure they do have a buyer before they just show up to your house. Quite a few agents that try to do that to us and obviously already had the expertise, so we never, never wasted any of my time. Cause I'm definitely not against agents. I love working with agents. We still work with agents all the time. And then we have some good friends that are agents. If you're totally not against working with agents, there really are some good ones out there. And right, 6% you know, on a big n But what you could do as a for sale by owner is say, And I t You can go out there and put that on your sign. And that means that these agents that are already have a buyer driving around, they know that they're, you're going to pay a commission. So they don't have to fight with you. And that means they can get their, their buyer scheduled in with you and get, and get somebody walking through the house and might be able to get your house sold. There's a lot of times too, agent's going to avoid it for sell by owner sign because they think, man, I am not going to go out and I'm not going to talk to this homeowner today because all they're going to do is tell me, no, I don't And Put that real big on there, buyers, agent, welcome, and then offer 2% commission. Just write it on there. Then Well, they don't want to cut their best friend out of that commission. Now you already took that hassle out of it. And that's going to get them that 2% to their best friend. That's their agent and get t Say you're going to get t And say someone shows up that doesn't have an agent over there and you don't have an agent, right? Well, that's, that's great news because then you, now all your fees are gone. Your commission fees are gone. Well, you still need to go and you need to use a title company. I don't care if you're working with an agent or you're doing your t You need to find a good title company in the area that's pretty well known. And that, that's what it takes a lot of the headache out of the legal stuff. So they'll do all those legal doc Of course, 9% plus some other fees. But that ensures that there's no liens against your property too for the new buyer. And it also ensures it too that they're taking the liability of transferring everyt And so I really believe, Now, if this other person doesn't have an agent and say that I walked up there and I didn't know anything about real estate contracts and you don't know anything about real estate contracts, do an issue there because you're going to have to go out and pay somebody or find somebody that can help you do that Texas residential or that residential contract to wherever you are and the other doc Cause you don't want to get on there and just t So you're going to have to probably pay a real estate attorney or somebody and you don't want to go and ask your friend that's a real estate agent because that would be pretty cutthroat of you wanting them to do your real estate contract, even though you didn't list it with them. So I don't recommend doing that. That'll really kind of burn you a little bit. So yeah, that's the biggest thing is, is figuring out those doc You really need to follow those residential contracts. And then also you'll give those residential contracts to the title company when that goes under contract. And then that gives the buyer, So that means if you have, say here in Amarillo, we have a thousand agents that are in the system. The minute that I post that, that house on MLS, there's a thousand agents that see that and who knows how big their contact list is, are their buyer list. That, that we'll see those. And people are constantly watc So just know that is the only downfall. You will not have it on MLS. You still will have it on Zillow. But a lot of people do get worried about not working with somebody that's looking out for them, So That's really the biggest key things of this right here is to make sure, Making sure you get on listed on Zillow or one of those big websites That helps out a ton. Agents will be calling. Just make sure that they're serious. They have a buyer and they're not just wasting your time to go over there and book, try to get you to list with them. And if you were to do for sell, buy one or whether you did the buyer's agent, welcome, however you did it, the market's crazy and houses are selling fast. And I don't I hope t I really hope that t If there's any more questions that you have, feel free to comment below and I'll get those answered for you.