How can your mortgage lender help you sell your home?
The simple answer would "seem to be" to sit there with you, greet customers, and help you negotiate your contract. Given that most states require someone doing this to be licensed, it probably isn't the best approach. Even if your mortgage lender is a licensed real estate agent (as I am), it still is not in your best interest to have someone that does not do this on a daily basis to handle this for you. The "costs" will likely outweigh the savings.
For those wondering if I am contradicting myself, I maintain a real license to have access to real estate resources for my clients, allowing me to answer questions effectively, and (most of all), stay current on real estate laws and trends, so I am able to speak intelligently with the agents that entrust their clients to me. (I haven't personally written a real estate contract for a client since 1995)
Here are some simple ways that your mortgage lender can assist you:
1. Prequalify your buyers. You don't need "hundreds of people" visiting your house. You only need ONE pre-qualified buyer.
2. Provide financing option sheets for you to have at your Open House. This makes you look like a professional, and this is important to come buyers who may like your home, but be concerned that they are not dealing with a professional real estate agent.
3. Send pre-qualified buyers to you. Once again, you cannot compensate your mortgage lender unless they are licensed to sell real estate, but we (mortgage lenders), speak with prospective borrowers all day long and can often make suggestions as to new properties on the market.
4. Provide you with professional resources such as home inspectors, termite companies, title or escrow companies, appraisers, and the like.
I have served many For Sale By Owners, and have now launched a new FSBO website, called FSBO Therapist. Why the name? Dealing with the public, will surely "put you on the couch" and I want to take this burden from you. I also sell one of the top selling For Sale By Owner ebooks called "Selling Your Home". Through an arrangement with the author, you can get this book, for almost a third of its cost from my site. Visit www.FSBOTherapist.com today!
Until next time,
Anthony
"Your A to Z Lender Serving all 50 States"
www.AtoZLender.com
www.AnthonyKirlew.com
