||For Sale By Owner
When the time comes to sell your home you will consider selling it
yourself to save the commission that you would normally pay to a real estate agent. Though
it doesn't seem all that difficult selling your property by yourself is not as easy as it
looks. National statistics tell us that only eight percent of all "For Sale By
Owner" efforts are successful. Only one out of twelve actually results in a completed
sale. Take a look why listing with Realtor may be the solution
right for you.
If you are still thinking about putting a sign saying
"For Sale By Owner" please take a quick quiz for FSBO's
(For Sale By Owner) to find if you are ready to do it yourself
What do you need to be aware of
when selling your home by yourself:
- Bargain Hunters
Such people may take unfair advantage of the
sellers (usually inexperienced in pricing and negotiating) through the purchase price,
expensive terms, delayed closing offer, improperly prorating the escrow, insurance and
taxes or even getting the sellers to pay closing costs.
- Unqualified Buyers
Owners typically don't have the experience to
determine buyers needs and to qualify them. They can spend unnecessary time and effort
showing their home to people who may be financially unable to buy the home.
- No Third Party
It is very difficult to negotiate a purchase
between a seller (who is selling his prized possession) and a buyer (who is probably
making the largest purchase of his lifetime) without an intermediary who has the trust and
confidence of both parties.
- Improper Pricing
Sellers are likely to overprice their home
because of inexperience, emotional attachment or just not being aware of changing market
condition. On the other hand some homes are sold for price below market value.
- Making the Close
Sellers have to be available to all potential
buyers. Many sales are lost just because there is no one to get a deposit or to negotiate
a deal when buyer is ready to buy.
For more information please call me at
or visit Contact Page for other options.