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Updated almost 4 years ago on . Most recent reply

User Stats

72
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21
Votes
Anthony Fecarotta
  • Flipper/Rehabber
  • Chicago, IL
21
Votes |
72
Posts

Need Advice On Selling Home Off Market

Anthony Fecarotta
  • Flipper/Rehabber
  • Chicago, IL
Posted

Hello everyone, I currently live in a SFH in the Chicagoland Suburbs that I gut-rehabbed in April of 2020. As you probably know, inventory is so low here that houses are getting several offers within hours of being listed; especially at the price point of my current home ($300k). With that said, it would be easy to sell my house by owner, but I'm looking for ways to reach buyers directly to avoid paying any fees. Generally I wouldn't mind paying a buyers fee to avoid the hassle, but every penny counts right now.

As of today I have reached out to all mortgage brokers I know to see if they have clients that are interested, and have reached out to friends and family to see if they know someone in the market. I'm also considering Facebook Marketplace, Craigslist, Zillow, and I know there's a ton of FSBO websites, but I figured on there I would be receiving a lot of inquiries from realtors.


Any advice is appreciated. Thank you.

Most Popular Reply

User Stats

1,023
Posts
685
Votes
David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
685
Votes |
1,023
Posts
David Avery
  • Flipper/Rehabber
  • Phoenix Arizona
Replied

I would allow a couple top notch agents to show a couple of their buyers your property.

Have you determined what you would be  happy with?

Sales price?

The agents will try to get a 30 day listing with you.  They will tell you that they have several buyers.

The trick here is to pay 2 % commission and get  your house sold for 3 % higher then you want.

It takes all the headaches away from you and you make more $$$$.

A top notch agent can make this happen because it is a sellers market.

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