For Sellers, Mortgage & Financing, Tips & Tidbits
Selling Your Ocean City Home Yourself? Needless Financial Headaches Might Cost You
May 15, 2012 by Monica McNamara · Leave a Comment
Are you planning to sell your Ocean City home without the services of a real estate agent? If that’s the case you had better start a cram course in financing. How much money will you want down? How will you determine the prospect’s credit history? How much cash should you get with the offer? Will you accept a second mortgage? Have you been in close contact with financial instituions, the FHA or the VA?
Can you advise a prospect where to get mortgage funds and walk them through the process? Who will pay what closing costs?
On the other hand, real estate agents know that many sales are lost for want of proper financing. We also know the the intricate methods and sources of financing.
Honestly, the best way to market your home-probably your most valuable asset-in the professional way. It must make financial sense. Over 90% of all home sales are handled by people in the real estate profession.
