Thread: how long does it take to typically get a house put on market for sale by realtors.?

how long does it take to typically get a house put on market for sale by realtors.?

also

lets say i can sale my home for 220k no mortage ( i own the home) and i buy a home for 300k.. what fees are involved with saleing my home with a real estate agent and buying the home with for sale by owner. we are family of 4 with low income benefits. 2 working people average about 30k a year. no debts. can we afford to buy this home. if we needed 100k more for the home can we borrow 100k and buy the home? thanks alot.

can we afford to buy this home? and if we did sale this home 220k and bought the new home for 300k what fees will there be besides the 80k? thanks you for reading and for hlep

Most agents take a couple of days to get you proeprty listed as it takes time to take photos, upload your property websites, write a blurb etc. I would highly recommend using a real estate agent unless you had access to the no1 real estate website & previous experience in selling a property. People forget that there is going to be a point where you are going to need to close a sale with paperwork, so if you don't know what to do you can easily be ripped of by a smart investor. Commission rates for agents vary so do your home work but don't focus on this when you decide.

In regards to buying a more expensive home I highly doubt that you will be able to cover the payment with 4 dependants and on that income. Ask around though you may find a lender who can help you.

thanks. and what fees are involved in buying a home for sale by owner. and sale my home by realtor?>

Sell your own home it is just advertising cost for websites, paper etc approximately $500 depending.

With an agent you will pay a commission (percentage of the selling price for your home) this commission will vary. You may also have to pay advertising cost with an agent but generally they cover this cost in their commission. Approximately $4,000 for your home.

Please note that these figures are only an estimiate, there are to many variables to consider. Plus the difference in selling quickly and for a better price is more likely with an agent, so the differance in costs becomes irrelivant.

PS You will need to pay a convancer or solicitor anyway for the settleing of contracts in both senarios. So you need to consider this in the overall cost aswell. Selling isn't cheap.

Before you put your house up for sale you need to talk to some LOCAL lenders and see if you can get the loan for the higher priced house. You don't want to find yourself selling your house without a replacement home to move to.

A Realtor can list a home in a little as one day, getting it onto the market.

What will it cost to sell your home for 220k?
Check with a local agent to see what percentage they charge. Rates can vary significantly.

The costs of buying the home from the for sale by owner would be limited to your loan closing costs, as well as any fees you pay someone to draw up the paperwork.


we are family of 4 with low income benefits. 2 working people average about 30k a year. no debts. can we afford to buy this home. if we needed 100k more for the home can we borrow 100k and buy the home? thanks alot.

Call a lender to see what your payment would be, and then YOU can decide if you can afford that payment. I would think that 60k a year in the family would make an 80k loan attainable, or even 100k. The lender will be able to look at the property you are buying to include the tax/insurance payments as well.

Lastly, how do you get low income benefits when you own a home outright with no payment?