Selling Property without A Real Estate Agent

By: Raynor James
Submitted: 2007-01-17 16:16:36
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

I am going to sell my property without an agent. This refrain is being heard more and more these days as the Internet and real estate market evolves beyond the realtor-based transaction.

FSBO is an acronym meaning for sale by owner. The advantages of selling as a FSBO are numerous. With real estate commissions of six percent, you are looking at immediately saving tens of thousands of dollars in commissions. If for some reason this does not entice you, keep in mind you can use the savings to undercut the prices of similar homes in your area. This will move your house quickly off the market and let you get on with your life.

The key to selling your property is to be prepared. First, you need to find out the value of the property by looking at comparables in your area or trying an online valuation service. Once you have the value in mind, you need to determine whether this is acceptable. You also need to determine what you are really willing to accept as a sales price once haggling is completed. Always make sure you know your bottom line and stick to it.

The next step is list the property online on a FSBO site. Over 70 percent of homebuyers now find their properties online as the realize there is no need to endlessly drive around looking at homes that they may or may not be interested in. By going online, they can see what each home offers and then visit the appropriate property.

Given the use of the Internet by buyers, it is vital that you spend the time to upload pictures with your listings. You are only going to generate interest if the buyers can actually see the property. Every site allows you to upload digital photos and you should do so. Take care to show as much of the property as possible so that you can generate leads that are truly interested in buying.

Sellers wonder if they are correct to think they can sell their property without a realtor. With the Internet revolution, it is easy to do so and save tons of money on commissions.

Raynor James is with FSBOAmerica.org. Visit our sell my own home page to learn more.

Article source: Expert Articles

Most Recent Articles in Real Estate FSBO category

  • Selling Your Home by Research and Repair - By: Sharon Samraj
    During the first few stages when trying to sell your house by yourself, this is considered to be critical because as planning means everything during the process. Those house owners who think that putting up a price tag on their house will get the property sold are sadly mistaken as everyone knows how the home selling market is today in the US.
  • What You Shouldn't Do If You Want To Stop Foreclosure - By: Sharon Samraj
    Firstly don't fail to build up some savings for any emergency, it doesn't matter it's for health or education or for anything; there are many needs and wants we face each hour. Every penny earned seems to have its flow determined before it reaches our hands.
  • Home Selling Errors That You Shouldn't Make! - By: Sharon Samraj
    Firstly the price of the property shouldn't be too high; it is obvious that the seller wants to make lot of money from his property. But the best way to sell a house quick is not fixing the price too high! Price that is too high will make some prospective buyers to lose their interests on your property even before seeing it.
  • Showing Your House to Attract Buyers - By: Sharon Samraj
    Your real estate broker will always let you know before he is bringing a buyer to your house for a showing. However, it's it is very important to keep your house neat and ready to be shown to potential buyers.
  • For Sale By Owner Listings - By: Tim OKeefe
    Selling your home on your own, without a Realtor, is becoming less and less popular. This is surprising, considering that home values have skyrocketed and commissions have risen along with them.The money to be saved can be significant enough to attempt to sell your home on your own.
  • A FSBO's Guide to Keeping It Safe When Selling Your Home - By: Michelle Annese
    Sellers need to keep their safety in mind when prospecting potential buyers. The real estate industry has seen a problematic climb in assaults towards realtors, and so is the concern for those who are selling their own homes.Here are just seven ways designed specifically to protect you, your family, and your home, from being victimized:1. Fully screen callers before allowing them an appointment for seeing your home.
  • NAR(r) Broker Will Swear It - Real Pro' Agents Share It - FSBO "Truth" - By: Russ Miles
    For posting the "Truth" on your website, some FSBO’s will not like you. These prospects would not have listed with you anyway. For Sale By Owners – that can receive sound advice – will appreciate your courage, celebrating by having listed their home with you.
  • Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own! - By: Lawrence Allen
    In the United States, less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves. That*s because most people just give up because they don*t realize from the beginning the difficulty and complexity of the job ahead. But that*s not the only reason.
  • Real Estate Investing - FSBOs vs. Agent Listings? - By: Dr.Phil Speer
    Many would-be real estate investing professionals face discouragement because of the assumption that acquisitions require deep-pockets. Some even believe the myth that nothing-down purchases are impossible.The early 1980s era in real estate investing known as the Zero Down Real Estate Movement was initiated by Robert Allen with his best-seller, "Nothing Down.
  • FSBO - Selling Your Home FSBO (for sale by owner) - Is It Worth It? - By: Marc Sisk
    FSBO, what is it? FSBO means For Sale by Owner, and it’s a term that’s generally referred to when you’re selling your home without soliciting help from a Realtor.FSBO, what’s the benefit to you?