Thread: 1st time seller and i need help, please

If you want to sell your house and you don't have the knowledge on its selling process, much better to ask assistance from a good realtor who can give you great advices for this. He knows what's the right price for your house.

Another suggestion, don't sell you house to people who don't know personally. You should have some background on the profile of the buyer.

Before you do anything you need to make sure this person is not taking advantage of you. Go online and find a couple of agents in the area and ask them how much the house is worth because you are thinking of selling.This should be free.

If the house is worth substantially more than the lady is offering you then you can hire one of the agents to sell it for you and use the agents closing attorney or escrow agent to close the deal for you.

If the price this lady has offered you is close to what the agents tell you (make sure you talk to multiple agents) then you need to contact an attorney in the area where the house is and have the attorney handle the deal for you long distance. There will be a fee but they will make sure you get your money. Be sure to ask the attorney his fee up front and talk to more than one attorney before making your decision.

In your situation there are a lot of people looking to take advantage of you.

My condolences and be careful,

Realtors sell homes for a living. They know what to do in order to help you best. Hire one and they will be legally bound to look out for your best interest.

What area is the house in? I'm sure someone on the forum here could refer you to someone trusted they know in the region.

first thanks for all the help

yes i have asked a realator in that area (s houston) she said as is should list for $56,000 but i needed money bad and the buyer offered $41,000 and she'd pay all back taxes ($3,000) she also said that the area the house was in is where everyone wants to buy (blocks away from downtown but house is in horrible shape)

and i talked to my dad's friend thats sold numerous properties and he said give a quit claim saying as is no warranty and she pays for back taxes and a search on title saying theres no leans then she should hand me a cashiers check , but he didnt realize that she lives in s houston and i live in n oklahoma and my car been having problems and not sure it will make the trip but i will try if thats the only way

i cant wait for it to set on the market as i said i need money for medical bills car repair and my sister needs help with her sons autism therapy

So i guess by the responses to my post that i shouldnt trust her to wire the money i either need to go through a realtor or attorney or drive and get check handed to me right ?

thanks again for the help

Hello,

I agree with the other posts to your question. If it is only the sate next to you, I wouldn't really consider that long disatnce (even though you are having some car issues.) You never want to hand someone a quick-claim deed to a property without getting the funds before or at least simutaneously. That is a no-brainer!

Drive there, get the funds, cash the check, take care of the bills that are high priority, see if you have any leftover that you can generate some cashflow with so you never have to be in this position again.

I would sell that home for $41,000 immediately. Realtors often want to sell the home for too much, and then it just sits there, and then you end up getting less in the long run. Take the money and move on. You were given the house through the unfortunate death anyways.

Then, if you have any leftover, invest in something Secure, Predictable, and Certain. Conservative investing is the best possible thing you can do in today's current market. If you would like some different avenues that you can investigate, I would be glad to lead you in the right direction. Just send me a reply message.

Good Luck!

I suggest you to go for some property & real estate portal in your area that may beneficial in your case..

If you can't travel, talk to a real estate attorney about drafting an extremely basic contract of sale. Realtors are NOT attorneys and their standard contracts are long, involved, and designed to equally protect both parties (and ESPECIALLY the brokers.) They're just filled with many details that are superfluous to your transaction.

You just need a simple contract stating that you are transferring title via quit claim deed, make no warranties regarding clear title, will have "consideration" in the amount of $41xxxx, and will occur within a certain timeframe.

This way you are protected, legally, if she were to try to hold back consideration.

Good luck.

Call an attorney ASAP to deal with the long distance/quitclaim part.

Hire an aggressive agent to market the property at a BLOWOUT price and attract multiple offers get it sold with competing interests.

A good attorney is great, a bad one is awful.

Same goes for Realtors. Finding either will be your problem!

Do exactly what Greg said, and in THAT order.
Do exactly what Greg said, and in THAT order.
Do exactly what Greg said, and in THAT order.