MLS listing without a realtor (days on market, lease, loan)

[rdlr]

Originally Posted by movn2del

Hey rdlr. Realtor state vs. attorney state is information we got from the realtor we used. In a realtor state, which is what we were told DE is, the realtor prepares the contract paperwork and deals with the seller with regard to the findings on the house, sewer and septic inspections, repairs, and such. In an attorney state, like NY, the attorney handles that stuff. I only know what I was told. Whether or not that is fact, I can't say.

Thanks for the clarification, Movn2del! I thought you meant that a Realtor is "needed" to buy or sell a house. Sorry!

I've seen all sorts of methods. Yes, a Realtor can do all those things for the seller, or the buyer. And, if you don't use a Realtor, sometimes the seller or buyer turn to his/her attorney for advice in those matters, and schedules his/her own inspections. Also, For Sale By Owners write their own contracts, or have their attorneys write them, or review what they have written. To even muddy this more, mortgage companies have a hand in ordering some of those inspections, in conjunction with approving the buyers' loans. I've never really heard of Delaware being a 'realtor state' though. So that's a new one on me.

[movn2del]

Originally Posted by rossc

The attorney can do all of that in DE. They may not usually do it because the realtor does it, but they can if requested. According to my lawyer, FSBO is becoming more popular as prices are coming down. If a realtor charges 6%, that's 6% I can drop my price and still end up with what we want after the sale.

In theory, FSBO sounds great. I don't know if it works as well as using a realtor or not. I wish you the best of luck and hope you have a quick sale.

[rossc]

We close on our house in two weeks. It sold in three weeks from either the lawn sign or Craigs List for asking price. I think they just saw the FSBO sign while riding by. We're still in a mild state of shock. We really didn't expect it to sell this quick.

[Honeycrisp]

That's absolutely wonderful, rossc, am very happy for you. Have seen many nice homes listed w/ well-known realtor companies in my area and they're just not moving, even w/ open houses, some have been reduced in price etc. It has to be a huge weight off your mind, good luck w/ the upcoming move.

[elizamary]

Originally Posted by rossc

We close on our house in two weeks. It sold in three weeks from either the lawn sign or Craigs List for asking price. I think they just saw the FSBO sign while riding by. We're still in a mild state of shock. We really didn't expect it to sell this quick.

Holy smokes........what a success story. In this market your home sold in 3 weeks. Oh I just had to respond and say congratualtions!!!!!!!!!!!!
You did say where you live is a gem by the water or a best kept little secret. That is wonderful. I certainly wish all who have their homes on the market the best of luck. Guess your little kittie is happy too

[Charley]

Originally Posted by rossc

We close on our house in two weeks. It sold in three weeks from either the lawn sign or Craigs List for asking price. I think they just saw the FSBO sign while riding by. We're still in a mild state of shock. We really didn't expect it to sell this quick.

In this market and with this economy, that's quite an accomplishment. Congratulations!!

Charley

[kat196]

I have to add my congrats too!! You must feel a great sense of accomplishment --

[rossc]

Thanks everyone. It is a relief. We had a feeling it would go before the end of the summer. The new owners are real nice and I'm sure will enjoy it as much as we did. We sold as a package...House, boat, jetski...The works. It is the cheapest waterfront lot rent in DE.

[movn2del]

Congratulations Rossc! I'm very happy your home sold so quickly. I wish you the best of luck.

[maryCh]

Wow rossc! You must have had it priced just right! Great job, and congrats on the sale! We have a few buyers here, some with closings soon. Perhaps the housing market is coming along afterall; at least here in DE!

Mary