Now we are shifting gears a bit tonight. I did receive an email from a local resident who wondered if I would expound on selling your own home. Since I know how to do everything, this was an easy topic for me to expound on. As some of you know I did have a real estate license. So did my husband at one time. In fact, he sold his new home to himself because he had a brokers license.

Most of you are aware that I have from time to time, taken photos of these “we buy your house” signs that seem to be popping up in Cheshire and all over for that matter. I have had correspondence with the Police Department over this issue, especially the ones on the telephone polls.

Now several months ago, a neighbor did attempt to use one of these “we sell your home” services. In fact, it was an auction service. I contacted the Ct. Department of Consumer Protection a few weeks ago asking about the legality of this. I recall the person on the other end of the phone stating that it was fine as long as a real estate broker was present. But I remember in my neighbors situation, the actual auction was done over the phone.

Many people have for the past several years, taken it upon themselves to sell their own home. Now we are seeing the auction craze get popular. Is it safe to do this? Will you get your price or get burned? Let’s look at a few articles on this subject.

“There is a new trend sweeping the FSBO world, and this trend begins with an auctioneer. Many home owners are turning to auction houses in order to sell their homes in a hurry, but is auctioning your home really a good idea?

Unless you need to sell your home within a very short period of time, auctions are generally not recommended. However, many home owners are starting to find the auction house far more appealing after months of listing a home within a market that is just not moving. There are some definite benefits to selling your home at auction, but there are some drawbacks as well. In the end, make sure you understand both sides of the coin before you decide to put your house up for auction.

Usually, a home auction takes place on site. This means that all buyers interested in your home will be walking around your house before, and during, the auction. Think about this time as a sort of large open house. All the same tactics that apply to an open house apply during the time of auction. Make sure to keep pets out of the way; stage the property nicely; and keep things looking tidy and clean. Once all prospective buyers arrive, the auction will begin.

Keep in mind that there is no set price for a house sold at auction, which is why many buyers prefer this type of home sale. Therefore, you may walk away from the auction with more money than you anticipated, or you may come away with far less than you originally intended to have. Of course, you can set a reserve price for your home, but most home owners do not make a large profit when it comes to an auction.

Generally, selling your home at auction is not the way to go. If your home is not selling as fast as you would like, consider taking your home off the market, and re-listing when the market is a bit better. Ask yourself whether or not you can keep paying your home mortgage for another month or so, and then try to sell your home again. If you are desperate, and you need to sell your home right away, an auction may be your best bet.

Although auctions seem to be gaining in popularity, those that are seeking to sell their own homes usually do better when sticking to tried and true practices. It used to be that foreclosed homes were the homes up for sale at an auction, so keep this in mind. Auctions are a lot of work for any home owner, and most of the time they are simply not worth the hassle.

Raynor James writes about all kinds of real estate issues for FSBOAmerica.org where you can list homes for sale by owner for 30 days free.”

Now lets look at the ups and downs of selling your home by yourself-Hence the acronym FSBO (For Sale By Owner).

Click here

For another viewpoint on this issue:

Click here

I have received many calls from people who want to get on UTH for Members Only. I will be in touch with a few of you I know I can trust.

Mr. Kunde is a person I trust. I owe the entire Underground Town Hall idea to this man. He will always have a special place in my heart. Any person who has the guts and determination that this man exhibits especially in this town, has my utmost respect forever. I have to be careful, because you can access the UTH Members Only by using a password that literally allows you access to my dashboard. So these people that have the password I know will NEVER tell anyone they have the access capability. They just can’t. Besides, if certain people found out certain people have this access right, I know they would be put under tremendous pressure and I do not want that to happen. This is a true “underground” network and it must and will remain this way.