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Should you sell your house without a realtor?

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  • Description

    Real estate guru Bob Massi weighs in

  • Duration 3:52
  • Date

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You're ever gonna make involved York.

-- and far too many consumers -- up -- -- complicated and using situation through the housing -- they have made.

Thankfully our buddy Bob Massi Fox News legal analyst.

Gets up early in Vegas about once a week to answer your questions mr.

-- good to have you.

Hey -- -- Tony from Florida wrote -- its email and it says we are considering listing our home and my husband did the math he feels he could handle the sale himself.

And not pay a commission which as you know can be 6%.

Realtors are not willing to lower the commission what do you think should -- should Tony's family do it themselves.

No absolutely not and today's marketplace you actually get a qualified realtor let them make their commission because in this particular situation in our country.

Realtors today that are competent and that's the key.

Get a competent realtor that understands.

Exactly what you're looking for understand short sells understands the markets if your -- Use a -- if your buyer in your buying.

What we call Oreo property real estate known because of foreclosure right they understand.

Get a -- to handle that don't be afraid to pay.

It's worth that in this marketplace let the realtors do their job and make a living right of course the standard Prius like 6% but -- on the Internet you and you can see some deals 1% 2% is he had a good idea.

I mean I think you have to reach certain see what their credibility is they have a high volume business Steve so that's why the usually -- one or 2%.

But generally speaking I think you get what you pay for -- really believe that all right Christine and Rick from Illinois -- Bob you discuss the FHA guidelines you said three years after foreclosure.

Please clarify -- The three years begins to run and that's talking about a rebuilding your credit.

Yet and we were talking about that -- its three years from the date of the actual auction -- your home.

When title comes out of your name and goes into the and whoever bought it.

Or the lenders and that's when that that three year period begins to run after for -- assure itself.

Where you could then potentially get a new loan.

That this week see you may have covered this are -- FHA announced.

That they're going to be potentially this is amazing -- and fifty.

Billion dollars.

Tax dollars to bail them out -- as a result of what they've had the -- they are sixteen billion negative.

Right now.

Because of what's happened in this country.

The taxpayers always end up paying for this situation.

It's always another bail out one after another are right -- finals from.

Wayne Indiana Louisiana Bob you very compassionate toward the homeowners why -- you look at the other side and realize people signed a contract it must live up to their contract.

Many homeowners are -- these people hurt the lenders and themselves there are two sides of the story here.

Bob.

I don't know why you perceive them as crooks here's the way I see it.

Homeowners in America every one that I need seminars that we do for FOX & Friends.

-- sick about missing their payments they were raised correctly they wanted to make their payment there houses under water they went through their savings they went through their retirement.

And they -- -- you see lenders out there who had to be sanctioned 25 billion dollars because they illegally took people's homes.

When you see a 150 billion dollars that we have to pay as taxpayers to FHA because of the fact that they could solve this problem.

These lenders -- this -- so far removed.

From mothers and fathers and husbands and wives that have lost their homes I have no regard for them whatsoever in general I say I'm for the homeowners.

That's format Torino a -- that answers your question in Louisiana Bob always a pleasure of course if you've got questions for Bob -- email and to us and friends of -- his dot com.

Anything to launch a web site FOX & Friends -- -- and we'll see you next week right here yes there they basically.

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