In today’s economy, most people are trying to save money. We have learned to work harder, spend more wisely, and invest in smarter opportunities. These values have carried over to our real estate market as well. For Sale By Owner (FSBO’s) made up almost 9% of the market in 2010. One website gave statistics on FSBO’s that stated:
The typical FSBO home sold for $140,000 compared to $199,300 for agent-assisted home sales.
FSBO Methods Used to Market Home:
- Listing on Internet . . . 27%
- For-sale-by-owner Web site . . . 11%
- Yard sign . . . 46%
- Friends/neighbors . . . 39%
- Newspaper ad . . . 12%
- Open house . . . 14%
Most Difficult Tasks for FSBO Sellers:
- Getting the right price . . . 23%
- Preparing/fixing up home for sale: 18%
- Selling within the planned length of time: 14%
- Having enough time to devote to all aspects of the sale: 13%
- Understanding and performing paperwork: 10%
The entire article can be found here:
While selling a home by yourself can save you money on a commission, it is much more difficult to get the best possible price for your property. Realtors have access to numerous networks of buyers and agents, as well as countless marketing tools. That is what they are paid to do. Agents are trained to negotiate with other buyers to get you the best deal possible and have everyone walk away from the closing table happy. While deciding if you want to use an professional may seem like a tough assessment to make, there are certain agents that give home owners a halfway point.
If you have any questions about the packages offered or the FSBO process in general, email email@example.com or call Jim Boo at 651 231 3111 and you will be greeted by an informed agent with an answer to your questions.