How to sell my house by banchara

"brutal, unfair, liberating, revealing."

How I did it: We initially worked the "FSBO" option and had a buyer lined up. We moved most of our stuff to storage. On closing the title company pissed the buyer off and he walked away from our handshake deal. 

Then the market crashed.
Then we hired a severly depressed realtor who did nothing for the entire contract...
Then we hired another realtor who managed to get us an asking price half way between what we had the first buyer online for and what the new realtor thought (a $15K difference) but we ended up out $11K paying the new buyers expenses plus some. 





Lessons & tips:

Here is what we learned:
Your stuff is not worth ANYTHING near what you think it is.  
Your stuff is worth the exact amount of money someone is willing to pay.
Your stuff is not security.
Sueing someone is rarely a realistic option unless you know a lawyer...even then...
Selling your security to invest in your dream is WORTH IT!
I still believe in handshake deals between human beings.

Resources:

The whole real estate industry is a big fat scam.
So is the banking industry.


 

Jul 07, 2009, 04:36PM PDT | 1 comment


Comments:

navinslave

ditto

selling is almost just as “scammy” as buying. i am near the end of this and have really seen the reality of this industry. the agent can say and do whatever they want…they are protected up to their eyeballs legally. they word things and blindfold the seller and the buyer so no one knows what is going on. i see why people are so dead set on going FSBO. i don’t think i would ever have a real estate agent as a friend or significant other after this experience. i think i would rather clean up garbage for next to nothing pay than be a professional con artist:AKA REAL ESTATE AGENT

Apr 13, 2010, 09:33AM PDT | Respond to this


 

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