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Updated almost 7 years ago,

User Stats

52
Posts
18
Votes
Mike Savage
  • Investor
  • Portland, OR
18
Votes |
52
Posts

Selling our primary residence to a friend without using agent

Mike Savage
  • Investor
  • Portland, OR
Posted

SO. i've been thinking about getting my RE license mostly to find and write my own deals but I've been busy juggling life. In the meantime we found another house for sale and are considering selling our house FSBO. Our's is remarkable in it's an exceptional 50's period condition architect designed and should go for top dollar due to its' collector grade condition. Original fixtures, period paint colors, views, detached oversized garage w shop etc.. We have a terrific attorney who specializes in Real Estate transactions and we expect the sale price to be over $1mil. Obviously it would be nice to save on that large of a commission. $60k !

I am a photographer and can take great photos.  we are thinking about NOT using an agent since this is our 5th property transaction in 17 years.  We are not in a rush to sell since we want time to pack up our place and possibly stage the new house then VRBO or Airbnb for a few weeks until we can move in.  cash flow house hack?  How can I get a truly accurate comp for our house factoring the unique historical value of this house.  Is it a bad idea to list it ourselves ? what is the smoothest way to handle this??  BTW our house was nominated by the State of Oregon for historical status but I did not follow through on registering it.  Mostly because I had mixed feedback from broker/agents about resale.  FWIW.  i should have done it anyway.  The property tax savings would have been $20k so far and I could have used that toward maintenance.  Also I bet it is still eligible for the next buyer.  

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