Your Listing Here!

The Facts About FSBOs

A close look at "For-Sale-By-Owner" (FSBO) data from NAR's 2006 Profile of Home Buyers and Sellers

Each year a small army of home sellers throw caution to the wind and “go it alone” — without the assistance of a licensed real estate professional.

This ever-decreasing band of risk-takers, ventures into the land of pricing, marketing, screening, scheduling, showing and paperwork, with the goal of saving some money. It's often an experience they find less than rewarding.

The numbers (if not the sellers) tell the story.

In 2006, just 12 percent of sellers chose the FSBO (“For Sale By Owner”) route, down from 13 percent the previous year, according to NAR’s 2006 Profile of Home Buyers and Sellers. This is down from about 20 percent in 1987.

But more telling than the decline in FSBOs is the fact that 40 percent of all FSBOs sold their homes to someone they knew prior to the transaction. This means that only 7 percent of all home sales are open market FSBO transactions. The rest are simply unrepresented sellers in private transactions.

From NAR's 2006 Profile of Home Buyers and Sellers

Eighteen percent of FSBO sellers indicated that preparing the home for sale was the most difficult task when selling without the assistance of an agent, followed closely by understanding and performing paperwork (16 percent) and selling within their desired time frame (15 percent).

As for profit — after all is said and done, FSBOs don’t always come out with fatter wallets. Again, the numbers tell the truth.

Homes sold with the help of a real estate professional in 2006 sold on average for 32 percent more than FSBO sales. The median FSBO selling price in 2006 was $187,200, compared with $247,000 for agent-assisted transactions.

FREE WEB EXPOSURE

FOR UNREPRESENTED SELLERS

If you have decided to sell your home without the help of a Realtor, but still need some assistance finding a buyer. You have found the right website to do just that. Market your home at no cost. There are no-stings attached, it's totally free. No contracts to sign.

If you would like to have your home, townhome or condo emailed to hundreds of agents and appear on my website as well as thousands of other Point2Agents websites, please don't hesitate to call or email today.

http://foxrivervalleyhomesforsale.point2homes.biz/

***You cannot be currently listed in the MLS - which requires a signed Broker's contract***

How Much Exposure Are You Getting from Expensive Newspaper Ads?

FACT: Agents spend 40% of their marketing budgets on newspaper advertising and only 14.7% on online advertising.BUT: 77% of all homebuyers use the Internet as part of their home search vs. only 50% for newspapers.

FSBO - For Sale By Owner

Are you getting bombarded with agent calls?

Just as you're pulling into the driveway you notice a package left at your doorstep by an agent kindly leaving his material for you. Then, once in the door you notice there are three more new messages on your machine - all agents wanting to know how you are, how your sale is going and inquiring if there's anything they can do to help. You check the mail and sure enough - postcards! Sitting down to dinner the phone rings and another has found you!

Why does this happen?

You feel like there's some hot list that you're on that's leading agents - not buyers - right to your doorstep. The truth is, there is. Each time you post an ad, put a sign up or put yourself on some quick-list fsbo internet site, the alarm goes off and your name, phone number, address and date of ad is emailed to agents throughout the entire area that subscribe to various fsbo lead-generation services.

How can you stop it?

Why on earth would you want to? Of course they want to list and sell your home. But they're also relied heavily upon by their buyers that want to know what's on the market that fits their home needs. The FSBO sign may steer away some agents with good, prospective buyers for your home. In reality, good agents will take the time to find out about your home and ask for your written permission to show it. Remember that it's best to get one offer from a buyer working with an agent than to get no offer at all and you can always counter or reject an offer.

Want to know what Realtors® know?

Statistics recorded by the National Association of Realtors® show:

87% of FSBOs eventually wind up listing with a Realtor.
Over 92% that sell by owner state that they would never do it again.
Homes sold by owner sell on average for 9.5% less than fair market value.

One good way to stop follow up calls

It's not in your best interest to avoid an agent with a buyer, however, if you want to stop the follow up phone calls, then let the agent know you've got someone in mind to sell your home, should you decide to go that route.