For Sale By Owner (FSBO)
Statistics
Did you know?
. . . the typical FSBO
home sold for 163,800, compared to $189,000
for agent-assisted home sales.
FSBO Methods Used to
Market Home:
Yard Sign . . . 63%
Friends/neighbors . . . 25%
Newspaper ad . . . 44%
Open House . . . 33%
Internet . . . 24%
Most Difficult Tasks
for FSBO Sellers:
Getting the right price .
. . 24%
Understanding paperwork . . . 22%
Preparing/fixing up home for sale . . . 24%
Attracting potential buyers . . . 10%
Having enough time to devote to all aspects of
the sale . . . 5%
Source: 2004 National
Association of REALTORS® Profile of
Homebuyers and Sellers
THE
10 FACTORS MOST LIKELY TO INFLUENCE YOUR
SALE: There are, of course, many
items which influence a sale. Look upon the
following as a checklist of items which will
bring you closer to a sale. Every item on
which you are unwilling or unable to make a
concession moves you further away from a
sale. Just remember whose side you are on!
1. Price the property between WHOLESALE and
RETAIL.
2. Be willing to consider offers based on
VA/FHA terms. Government terms give many
buyers a head start on the ability to afford
a home.
3. Allow the property to be shown with or
without an appointment! That's a nuisance,
but it's not as bad as being on the market
for 6 months!.
4. Please be gone whenever a prospective
buyer, accompanied by a Realtor, wants to
see the house--and STAY gone until they're
gone! Buyers need to "try it on for size",
but they can't do that as long as you are
there.
5. Eliminate any barrier to the free flow of
traffic in the property. Such items as bulky
or extra furniture; house plants that stick
into traffic ways; toys or clothes not put
away; and beds not made, etc., slow down
traffic and make rooms look smaller and
darker.
6. Watchdogs that provide so much security
that no one can see the property without a
death wish are a problem.
7. Your Realtor is on your side and won't
get paid until YOU GET RESULTS. Advice from
a professional is useless unless you take
it!
8. Look at the front of your house. Size it
up objectively and critically (that's asking
a LOT of any home owner!). Ask yourself this
question: if a buyer pulled up in front,
would the appearance pull them inside?
9. Make any and all recommended improvements
with an eye toward neutral marketing--be
aware of unusual colors or styles which
might clash with a prospective buyer's
taste.
10. Be willing to consider ANY offer at
anytime. Remember, you are always the final
judge of what's accepted and what's not!
|