Posts Tagged ‘fsbo’

Should You Use a Realtor or Try FSBO

Monday, April 19th, 2010

In these economically trying times, some people consider selling their own home without the help of a real estate agent in the hopes of saving the commission. There is only one benefit to a homeowner in this type of transaction and that is keeping the entire sale price without having to pay a commission. This is difficult to accomplish for the novice and only very experienced home sellers can succeed in FSBO transactions.

Most homeowners are unable to sell their home without the services of a real estate agent for a number of reasons.

  • A majority of sellers tend to think their home is worth more than its actual value and they are unable to put an objective price tag on their property. A real estate agent is aware of the market conditions and what comparable homes are selling for in specific neighborhoods. He or she can help you ask for a reasonable price that will appeal to qualified buyers.
  • FSBO

How to Protect your Privacy when Selling your Home

Monday, February 1st, 2010

Selling your home may be difficult, considering that you must open your doors to a near-constant stream of potential buyers. Your privacy and security may become an issue when showing your home to buyers, so it is important to consider all your options before you welcome your first buyer into your home.

For many individuals, it is very important for them to protect their privacy, while others are simply concerned that buyers will make assumptions about them and judge them instead of simply judging their home. However, the importance of protecting your privacy is all the same.

How to protect your privacy while selling your home:

  • Expect buyers to open drawers and peek in cabinets. Therefore, remove all personal effects that may embarrass you during open houses and showings. Now may be a good time to clear out and organize your closet and drawers anyway, so take charge and get things organized and prepared for showings.
  • Hide your mail and financial information. Don’t leave mail sitting out – whether opened or unopened – for all to see; and that goes for financial information, such as check books and banks statements. If you have a lock on your file cabinet or desk drawer, use it. Do not give anyone an excuse to peek into your personal finances.
  • Ask your realtor to accompany your visitors. Some real estate agents allow buyers to walk through the property on their own, while others will accompany them. If you feel wary of allowing strangers to tour your home, unaccompanied, let your agent know beforehand.
  • Remove personal effects from your walls. From diplomas and religious artifacts to wedding certificates and personal photos, don’t provide buyers with any personal information about yourself or your family. De-personalizing is also an important move to make when staging your home for sale anyway, so you can actually accomplish two things by removing the personal effects from your home.
  • Don’t leave your computer up and running during showings. Gaining personal information from your computer takes only moments for a professional hacker or thief, so be proactive and shut your computer down before your guests arrive.

The Problems with Selling FSBO

Tuesday, November 17th, 2009

It may occur to you, as a seller, that the best thing to do during these tough, economic times is to forgo the services of a realtor in exchange for selling your North Dallas home FSBO. After all, with your home selling for less it only makes sense to save money and sell it yourself, right?

Well, not so fast.

Let me preface this by first saying that some people do successfully sell their North Dallas homes FSBO but, unfortunately, this is not the norm. Most individuals, particularly in today’s market, are better off using the services of a qualified real estate agent, and here’s why:

  • Only licensed real estate agents and brokers can list their home in the MLS. The multiple list service, also known as the MLS, is the industry’s centerpiece when it comes to homes for sale. If you’re selling your home FSBO, you will be left to advertise your home through other sources, most of which simply aren’t seen by home buyers.

The bottom line is that more than 90 percent of buyers who search for a home are going directly to the MLS to do it. And if your home isn’t on that list, the vast majority of home buyers will simply be unaware that you are selling your home.

  • Most real estate agents will not show a FSBO home because they don’t receive a percentage of the commission. Because there is no listing agent for a FSBO home, there is no commission from which to draw from for a buyer’s agent. Some FSBO sellers may offer the buyer’s agent a commission, but the long and short of it is that most real estate agents simply don’t want to be bothered going through a transaction when there is a potentially uneducated seller calling the shots.
  • Many buyers are hesitant to look at FSBO homes. Because the homeowner acts as the listing agent, he or she will likely be present during a showing. Many buyers simply feel uneasy when touring a home with the homeowner present. Buyers may feel quite uncomfortable really looking at a home under the watchful eye of the homeowner, which likely means that the buyer will not take the time to really view the home and appreciate its features.

The Top Five Mistakes Sellers Make When Showing Their Home

Thursday, December 4th, 2008

Creating the right atmosphere and making potential buyers feel comfortable and welcome is essential during a showing. Opening the door, though, is just the first step in a successful showing for your Fort Worth real estate.

Below are the top five mistakes sellers make when showing their home:

1. Being inflexible or difficult about scheduling. Sure, leaving the house at 9am on a Saturday morning (when you’d rather be laying in bed reading the paper) isn’t convenient for most people, but saying no to showings will cost you a potential sale.

It is important to understand that if you are inflexible about scheduling, buyers will simply go onto the next property and will not likely head back to your property at a later time or date. A scheduling conflict is often a missed opportunity for a sale. Remember: be flexible and as accommodating as possible when it comes to showings.

2. Hovering around during the showing. There are no rules regarding leaving during a showing, but most real estate agents will agree that a present homeowner is often a big turn-off for potential buyers.

The bottom line is that most potential buyers feel uncomfortable with a present homeowner and are less likely to spend a fair amount of time in your home. They are also less likely to ask questions to the real estate agent and are certainly less likely to open closets and cabinets. Remember: the best way to sell your house is to leave during a showing.

3. Returning to the house too soon. Just like hovering, a homeowner popping back in the house in the middle of a showing is surely the quickest way to lose a potential sale. If you see cars still in the driveway, just keep driving, and don’t come back until the coast is clear!

4. Not cleaning your home. This may seem like a no-brainer, but it just needs to be mentioned. By all means, take the time to clean the house and tidy up before a showing. Your home will appear a lot less inviting if there are dirty dishes in the sink and dog hair on the carpet.

5. Not taking the pets. When you leave, take your pets with you, if possible. No one wants to be greeted at a showing by a barking, panting, jumping dog. Some people are pet lovers; some are not. Don’t gamble with a potential sale by keeping Fido or Fluffy at the home during a showing. Plan ahead and make arrangements regarding the pets before a showing arrives.