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Thread: Selling my own home

  1. #1
    byronmonty is offline Renter
    Join Date
    Feb 2011
    Posts
    1

    Default Selling my own home

    I was wondernig can I sale my own home without a license and if licensed can I sale it to family member?

  2. #2
    realestategirl is offline Condominium
    Join Date
    Sep 2010
    Posts
    149

    Default

    You can sell your own home and you do not need a real estate license to do so. However, for sale by owner transaction do require that the owner does have extensive knowledge of the legalities and terms needed to sell a home, most especially, how you want the buyers to finance the sale.

  3. #3
    flash.investing is offline Fixer Upper
    Join Date
    Feb 2011
    Posts
    64

    Default Fsbo

    Selling your home without a real estate license is perfectly legal and referred to as a FSBO (For Sale By Owner). You may want to do a little research as far as how you can market it and get some interest generated. You may also want to talk to a realtor (or maybe get some input here) on the best ways to prepare for the sale such as disclosures and inspections.
    Good Luck!

  4. #4
    MrPolarZero is offline Banned
    Join Date
    Jan 2011
    Posts
    47

    Default

    yeah, you don't need a license; just a document that will serves as a proof that you have sold your property.

  5. #5
    wulaishiwo's Avatar
    wulaishiwo is offline Fixer Upper
    Join Date
    Feb 2011
    Posts
    14

    Default

    You don't need license but you'd better find appropriate buyer.
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  6. #6
    LandMan is offline Fixer Upper
    Join Date
    Sep 2010
    Location
    Northern California...Wine Country.
    Posts
    17

    Default You can sell it yourself

    You only need a real estate license if you are going to represent others in a real estate transaction. Yuo can sell your home yourself and if you search google for FSBO you'll find a bunch of sites to help you.

  7. #7
    Join Date
    Jan 2011
    Posts
    169

    Default

    You can sell your own properties without a license. If you want to put them in MLS for exposure and cooperation, then you must attach yourself to a brokerage, and pay all the fees associated with that.

  8. #8
    doncampbell's Avatar
    doncampbell is offline Fixer Upper
    Join Date
    Mar 2011
    Location
    Canada
    Posts
    19

    Default

    As most of my friend said above, I would just say +1 to them. I never came across such doubt before.

  9. #9
    DerrickSakai is offline Banned
    Join Date
    Nov 2010
    Posts
    163
    Blog Entries
    6

    Default

    Of course, you don't need a license.

    Fhil F.
    Social Media Manager
    on behalf of Derrick Sakai

  10. #10
    gotlivechat is offline Fixer Upper
    Join Date
    Sep 2010
    Location
    Upstate NY
    Posts
    82

    Default

    License not needed but you'll probably want to get your attorney to draw up the documents/contracts. You don't want to run into trouble down the road if i's not dotted and t's crossed
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