Minick Realty
 

Sellers, For Sale By Owners (FSBO),
and Sellers Bank Foreclosure

Sellers

Sellers can also take advantage of using Minick Realty’s adjustable commission rate, that is based upon individual sellers goals.  I still offer the traditional 6% commission for full service listings but realize that many sellers are frustrated with the high cost of selling their homes and looking for alternatives to retain more equity.  At Minick Realty, I offer a variety of services for you to choose, ranging from 1% to 6% commissions.  My goal is for you, as a seller, to be comfortable in your decision with listing your property and the amount of commission you pay for my services .

I highly recommend the Sheridan Multiple Listing Service (MLS) so sellers can take advantage of over 125 local licensed realtors that are working to assist us in selling your property.  Your property will have exposure and be advertised throughout the United States under www.realtor.com  internet search engine.  Our goal is to market your property at the right price as smoothly and professional as possible.  Sellers face many challenges competing with a large inventory of homes currently listed in the Sheridan area.  I can help you with pricing, marketing, screening, scheduling, showing, paper work and the closing.  I perform all the same services as traditional real estate companies and, often times, more.  If we can help you in any way simply Contact Us.


"For-Sale-By-Owner" (FSBO)

The numbers tell the story.
In 2006, just 12% of sellers chose the FSBO (“For Sale By Owner”) down 20% in 1987. 
But more telling than the decline in FSBOs is the fact that 40% of all FSBOs sold their homes to someone they knew prior to the transaction. This means that only 7% of all home sales are open market FSBO transactions. The rest are simply unrepresented sellers in private transactions.

18% of FSBO sellers indicated that preparing the home for sale was the most difficult task when selling without the assistance of an agent, followed closely by understanding and performing paperwork (16 %) and selling within their desired time frame (15%).

As for profit — after all is said and done, FSBOs don’t always come out with fatter wallets. Again, the numbers tell the truth. Homes sold with the help of a real estate professional in 2006 sold on average for 32% more than FSBO sales. The median FSBO selling price in 2006 was $187,200, compared with $247,000 for agent-assisted transactions.  To read more visit realtor.com.

I can help you with pricing, marketing, screening, scheduling, showing, paper work and the closing.  I perform all the same services as traditional real estate companies and, often times, more.  If we can help you in any way simply Contact Us.

To list your home today, please contact your local office.


Seller Preventing Foreclosure

This field guide provides links and tips for those sellers trying to prevent foreclosure as well as information for foreclosure investors. Also included is information on the government's Home Affordable Foreclosure Alternatives (HAFA).  Sellers need to understand that it is in their best interest to act quickly but if you are not able to make the necessary arrangement with your bank then an alternative to a foreclosure might be to list your home with an experienced real estate broker for a short sale:

Short sale is the sale of real estate in which the proceeds from the sale fall short of the balance owed on the loan(s) secured by the property being sold .In a short sale, the bank / lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor / seller.  How is a short sale different than foreclosure?

Foreclosure stays on your record for many years to come:
· There are no prior negotiations with your lender.
· You are not selling the property, you are losing it.
· Possibility for deficiency judgments.
· Foreclosure is not the end of your problems but, in most cases, it’s just the beginning.
· On a foreclosure, the lender may still have recourse against you if the property is sold at a loss at the foreclosure auction.
· It will be harder to get a good job.
· It will be more difficult to get credit cards and, perhaps, to rent a place to live.

Short Sale:
You sell the property before foreclosure:
· All the terms are agreed upon with your lender.
· The damage on your credit in most cases is only the missed payments you already have listed on your credit report.
· It will take less time to repair your credit.

Sellers, it is very important for you to understand that, if you are facing foreclosure, you need to get professional help from an experienced realtor that is pro-active and aggressive enough to bring the parties together.  If your listing agent treats a short sale like a normal listing, chances are you will not accomplish your goal and your property will end up in foreclosure.  Bad things happen to good people everyday. We know because we see and talk to these good people all the time.  Call Minick Realty as soon as possible when you are facing foreclosure and let us help your make the right decision.   

Banks Real Estate Owned (REO): 

REO Asset Managers should consider listing property with Minick Realty to take advantage of our experience and professional business practice in negotiation with the toughest buyers.  We highly recommend using the Sheridan Multiple Listing Service (MLS) so sellers can take advantage of over 125 local licensed realtors that are working to assist us in selling your property.  I can help you with pricing, marketing, screening, scheduling, showing, paper work and the closing.  I perform all the same services as traditional real estate companies and, often times, more.  If we can help you in any way, simply Contact Us.

 

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  Minick Realty, Inc.
170 East Ridge Road
Sheridan, WY 82801
307.673.1477