Does this sound familiar?
When my wife and I decided to sell our first house, I was skeptical about the value that a real estate agent would bring. What will an agent do to earn a 3% commission – or $4,950? That is a lot of flipping money!
I went down the path to find out more about selling a home on my own (also known as For Sale By Owner – FSBO).
During my research, I found a lot of agents telling me why it was a bad idea. I also found some pretty good sites, like ForSaleByOwner.com and FSBO.com. But the information was a mile wide and an inch deep. I wanted more details about the process before I jumped in. I didn't need 100% of the information, but I had some big questions that needed answering.
I was scared. I had a lot of questions and a lot of conflicting answers.
- How does the closing process work?
- Do I write the contract or does the buyer?
- What goes in a contract?
- What price do I list my house for?
- What is the proper way to show my home to a buyer?
- Do I stay in the house or leave?
- Can I screen buyers to make sure they are qualified?
- What is a concession and what do I do if someone asks for one?
- Is there anything I need to do to protect myself legally?
I was like a deer in headlights. So, I hired the same real estate agent to sell my house that I was using to buy my new house...and paid full commission. I’m not going to lie - she did a good job. But I did all the work.
Three months later I sat here thinking and regretting. She gave me some good advice, but I did most of the work. It sure would be nice to have that extra $5,000 to put into my new house. I could buy some new furniture and add some upgrades to the house. I could do a lot with the extra money
What do you mean, you did all the work?
The agent gave us the disclosures to fill out and we added all the content. She took pictures of the house, but used the ones my wife took because she liked them better. I added all the information to Zillow. I provided all the documentation for the closing and arranged for all the repairs that surfaced during the inspection. In the end, I was communicating directly with the buyer’s agent to speed things up.
Am I In the Right Place - If So, What Is In This For Me?
My name is Jake Posey and I live in Jacksonville, Florida. I’m not the type of guy to sit around and think about my regrets without taking action. So, I partnered up with a former real estate agent and good friend to launch this site. We are going to build the premier site that will answer every question you have about selling a home on your own for the first time. You have a lot of questions and we are going to give you the answers you need to save thousands of dollars by selling your home on your own in the shortest time possible.
We are going to build a premier site for you that will answer every question you have about selling a home on your own for the first time.
We are not stopping there though. We are also interviewing 50 current sellers who are selling their home on their own during the site launch. And after that, it will be a regular part of what we do. This will ensure you always have the most up to date information and can get advice from other RealTrepreneurs (Yes, I just made that up) just like you.
If you are ready to get started, sign up for our FREE email list today. The first email you will receive will be a survey. We use this survey to make sure that we are answering every question you have. You will also receive my contact information if you have any pressing questions. I know that that if you are like me, the answer to a few questions could be standing between you and thousands of dollars.
Why Should I Trust You?
You shouldn't. Get to know me first and then make up your mind.
Here is what one of my students said in a recent anonymous post-class survey (I teach at a local college in addition to my day job at a bank).
“This by far has been the best online class I've ever taken. [The] Professor answered questions, the work was explained clearly - I knew what I had to do. We worked in groups every week, which normally I hate, but [in] this class, group work was really good. I've learned so much from this class - I'm now looking to see what other classes this professor teaches, so I can take his class again. Wish more teachers were like this one!”
Am I a real estate agent? Nope. That is why I am doing the following to give you an AWESOME RESOURCE.
- I've partnered up with a former real estate agent, Michelle Knight, to help create the tools you need to sell your home on your own.
- You will get the benefit of us interviewing current sellers to find out what is working and what is not working in today's market.
- Real Estate Experts will be brought in to ensure you have the knowledge and tools you need to cash that certified check and keep it all when you sell your house.
You've read my story above about my first experience selling a house. Now, let me tell you two other stories.
My Dad passed away in 2013 and my Mom is living in the same house they shared. Her and I discussed selling the house in early 2014. She knew a real estate agent that I went to high school with. We called him up and asked him to come give us an estimate on much he thought we could get for the house. His estimate was 37% less than what the house was appraised for three years prior when the housing market was near it's low. Come to find out, the agent is known for buying up houses around town for his own rentals.
But wait, there is more.
One of my first interviews was with Maryanne in Jacksonville. She was selling her deceased mothers house in one of the historic districts. She too had an appraisal done a few years ago. When she called up a real estate agent, he told her to list her house for a much lower price than for what it was appraised. And it just so happens that he had a friend who was ready to make an offer for the listing price. She listed her house on her own and SOLD the house on her own and received an amount close to for what it appraised.
This has to stop. Any real estate agent that takes advantage of people needs to be driven out of business and put in jail.
My Goal Is Simple
I want to give you as many free resources as possible to help you feel comfortable selling your home on your own. Will you have to spend money to sell your home? Yes, of course you will. But every dollar that you spend will be strategically spent and not handed over to someone else for doing nothing.
Where Should I Start?