I have an investment property that I had been using as a rental. My long term tenants took advantage of the market 6 months ago and purchased their 1st home ?.
I am very interested in selling the house at this point and investing in a rental property where I am currently living so had this home cleaned, photos taken and an appraisal done.
I will be listing it below the appraisal value.
The house has a septic tank. It was installed in 2008.
I want to try out selling FSBO. A real estate friend actually mentioned that she’d recommend this first especially with the market.
In Louisiana, the mandatory forms are:
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Residential Agreement to Buy or Sell
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Residential Property Disclosure Form
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Lead Paint Disclosure Form
When I purchased the home it was in short sale and very explicitly stated it was As-Is and no repairs would be done. None were needed though (the house was in great maintained condition) so I assumed this was just an “in case” thing.
There is currently a “Waiver of Warranty” form which I linked below and I am wondering if this is something I should also include. It appears to be a As-Is type of form.
I’m undecided if I should just list on Zillow and self advertise on Facebook and word of mouth.
In this case, I am responsible for the purchase agreement, getting the other party to sign documents, correct?
Who would pay the title company? The seller via their mortgage broker/company?
Or my other option is to pay a company to list on the MLS. If I do that, I understand it’s common to pay 2.5% to a buyer’s RE agent.
I would include that tidbit on listings.
With that route, will their agent handle all of the documents, getting things signed and arranging closing, etc?
Any and all tips are appreciated. Love this sub ?.
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