How to sell your own home.
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On closing day the title to the house is transferred to the Buyer, all outstanding bills are paid, and the Seller gets his or her cash. This is the culmination of all your hard work.
The closing date is typically 30 to 45 days from the date the Seller and Buyer agreed to terms and signed a real estate sales contract.

In most states the closing is hosted by the Seller's attorney, in others, the lender's attorney handles the closing. An increasing number of states stipulate the use of an Escrow Agent or Title Company to handle the closing. The Seller and Buyer seldom have their own attorneys when an Escrow Agent or Title Company officer acts as the closing attorney.

 

The Closing attorney prepares a Settlement Statement detailing:
Moneys Received. Together the following three items should at least equal the agreed selling price.
  1. Lending institution's check for the new mortgage amount
  2. Buyer's check for the down payment
  3. Buyer's binder or earnest money deposit

 

Moneys Paid out
  1. Outstanding balance on the Seller's current mortgage
  2. Fees to real estate agents, if any
  3. Closing costs (see Settlement Statement).

 

Cash to the Seller (this is what you get to keep).

 

Be sure to bring your driver's license or other proof of identity.  Also, bring the real estate deed which will be transferred to the buyer, and a termite letter if one is required in your state.

Often there is money left over in your mortgage escrow account. You will not receive this money at closing, but a check will be sent to you some time after closing.

 

 For sale by owner book
Complete For Sale By Owner Kit $59.95

Includes contract package plus photo tour packages below. Also property flyers in two styles, a for sale by owner yard sign with stand and a directional sign. Internet listing will remain active until home is sold.
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Contract Package $14.20

Real estate forms & contracts to legally sell or buy a home. Designed to meet individual state requirements, our contracts have been used to sell homes in every state. Download them in Microsoft Word format for Windows & Mac. Most also available in PDF.
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Photo Tour Package $26.95

Internet web page ad with up to ten pictures of home plus property description and choice of 28 eye-catching headlines. Also includes choice of two flyers for local distribution.
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Don't have time? Can't devote 4 hours per week to selling your home?

Consider hiring a good real estate agent and paying 6%-7% or about $9,000 to sell a $150,000 house.