Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

So if you sell your house on short sale because you can't afford the payments, how on earth are you supposed to afford a real estate agent?

DH and I have talked about doing a FSBO for a long time, but we just found out his employer is going to send him back to school, which includes a move across the country and a huge pay cut for the next two years. We'll probably be leaving within 3 months, and there is NO WAY we can rent our home for enough to make the mortgage. Not to mention, we never want to live here again, anyway, so we'll be glad to get rid of the house.

But I'm so intimidated by the prospect of trying to sell it ourselves, plus getting ready to move, plus being pregnant. We have no money for a real-estate agent. What do people usually do??

 
Anonymous

Asked by Anonymous at 2:04 PM on Jan. 14, 2011 in Money & Work

This question is closed.
Answers (7)
  • They take their cut out of the sales price, you don't pay them directly.
    missanc

    Answer by missanc at 2:12 PM on Jan. 14, 2011

  • The agents usually get paid through the selling process not directly from the home owners. They make a percentage of the sale - at least that is what happened when we bought a house. Many of the short sales we looked at had a real estate agent. Call a few they will help you.
    daisysrdeadly

    Answer by daisysrdeadly at 2:08 PM on Jan. 14, 2011

  • When we bought our house the seller paid the closing cost out of the asking price for the house.

    Roadfamily6now

    Answer by Roadfamily6now at 2:30 PM on Jan. 14, 2011

  • it's a negotiation process. If you cannot afford to pay for a Realtor, the buyer will have to IF you use a Realtor
    Roadfamily6now

    Answer by Roadfamily6now at 2:31 PM on Jan. 14, 2011

  • We're going through Master Home Solutions. They find people who want to do a lease option and the buyer pays the fees.
    MrsMWF

    Answer by MrsMWF at 5:44 PM on Jan. 14, 2011

  • Lease to own,
    IraqiVetWife

    Answer by IraqiVetWife at 11:34 PM on Jan. 14, 2011

  • The first two posters are correct. You don't pay a real estate agent. They get a percentage of the final sale price. Some other options available to you are for-sale-by-owner and having your house auctioned off. I would make a short sale your last option. It will ding your credit pretty badly.
    HotMama330

    Answer by HotMama330 at 4:00 PM on Jan. 15, 2011