Forsalebyowner.com <-- anyone use them?

[joachim]

Okay so my mom wants to sell her house and move into a condo. The house is just too much for us. Its just me and my mom, the house is 4 large bedrooms, 3 full baths, a completely finished basement with large great room, open dining/kitchen/living area, 3.7 acres of land, high quality flooring, all energy efficient windows, appliances, shades, privacy without being far from civilization. Quiet, view of a ski mountain behind us... private trout stream in back of property, it's just TOO MUCH for me and my mom.

We did a lot of upgrades... top quality flooring, oak safety half doors on the deck and going down stairs to protect kids and pets from falling... a large wrap around deck... Its a beautiful house, just too big.

but realtors want my mom to take a $50,000 loss on the house... and my mom's willing to sell it for a lower price than we hoped... but they refuse to lower their 6% realtor fees. (When we sold our last house, our old realtor lowered her fee to 4%... so it's not like they "can't")

That would be around $3000 more dollars, plus closing costs, plus moving fees... that $50,000 is creeping up to a $62,000 loss.

So my mom was thinking of For sale by owner... but she worries about having to deal with things like credit checks, and stuff like that. So my mom was looking into a site called forsalebyowner.com.

Looking into it... websites give it great reviews... but consumers don't seem to like it, so it's kind of confusing. For what we'd want.. it's $699 one time fee... and it gives you A LOT in way of advertising, and it's better than $3000+... but are they good for the price, has anyone had success with them... and what happens when it's time to close? Would she still have to get a lawyer to help her with the closing procedure or do they help with that too?

[han]

u have many choices and each has its up side and down side.

She can likely get the market value depending on local sales--if she--
calls local RE agencies and DOES NOT LIST the house but instead,
makes the purchase available to BUYER"S agents! Since the seller
pays the buyer's fees anyway--it can be very beneficial to call
only buyer's agents............they show the house, they write up an offer and
you agree to pay upon the sale closing.

or

lease option to buy

no cash at close--cause there is no CLOSING for years.

can guide further