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Digg it UP - FSBO Selling Tips - Have You Priced It Right?
I am primarily a web-based travel agent, making my living from selling travel arrangements from leads generated from my specialist travel websites. Over a period of time I have built many websites and when creating the last few sites I have added an RSS news feed to generate up-to-date news about that particular travel niche.In doing so I h
Have you ever tried to find a needle in a haystack? No, of course you haven't. This is just an expression for something that has a very low probability of happening. Even if there was a needle in a haystack, even if you wanted to find it, you would not find it. It is another way of saying "why bother?"Do you cold call? If you are in B2B sale
As a "FSBO', you are up against all those full-time professional agents who have more resources to sell homes. One of your first tasks should be to make sure that you price your home right. After all, your home isn't the only one on the market.
More lenders are looking harder at home valuations these days because of all the defaults and increase in foreclosure activity. Gone are the days of loose appraisals. Many buyers who have bought at the top now face the harsh reality of whether or not their home is worth what they paid. That is just the nature of the real estate cycle.
My tips for pricing your "fsbo" correctly:
1. Go to a few of the more popular real estate evaluation websites to get a quick peek. While these sites sometimes are as much as 10% off in either direction, they will give a list of comparables that have been selling in the area. This can usually be done in under a few minutes. These websites are at Zillow and RealEstateABC. They are no substitute for the real deal by a live and breathing agent.
2. Call a few local agents and explain that you are selling "by owner". Explain that you would like for them to do a free market analysis, including statistics on comparable homes, what they were listed for and what they sold for. Some good agents will try to pressure you for a face to face. Some will even come with the paper work to sign you up for a listing now. If you want to avoid this pressure, just state to the agent to send it by mail
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More lenders are looking harder at home valuations these days because of all the defaults and increase in foreclosure activity. Gone are the days of loose appraisals. Many buyers who have bought at the top now face the harsh reality of whether or not their home is worth what they paid. That is just the nature of the real estate cycle.
My tips for pricing your "fsbo" correctly:
1. Go to a few of the more popular real estate evaluation websites to get a quick peek. While these sites sometimes are as much as 10% off in either direction, they will give a list of comparables that have been selling in the area. This can usually be done in under a few minutes. These websites are at Zillow and RealEstateABC. They are no substitute for the real deal by a live and breathing agent.
2. Call a few local agents and explain that you are selling "by owner". Explain that you would like for them to do a free market analysis, including statistics on comparable homes, what they were listed for and what they sold for. Some good agents will try to pressure you for a face to face. Some will even come with the paper work to sign you up for a listing now. If you want to avoid this pressure, just state to the agent to send it by mai
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My tips for pricing your "fsbo" correctly:
1. Go to a few of the more popular real estate evaluation websites to get a quick peek. While these sites sometimes are as much as 10% off in either direction, they will give a list of comparables that have been selling in the area. This can usually be done in under a few minutes. These websites are at Zillow and RealEstateABC. They are no substitute for the real deal by a live and breathing agent.
2. Call a few local agents and explain that you are selling "by owner". Explain that you would like for them to do a free market analysis, including statistics on comparable homes, what they were listed for and what they sold for. Some good agents will try to pressure you for a face to face. Some will even come with the paper work to sign you up for a listing now. If you want to avoid this pressure, just state to the agent to send it by mai
These days email is taken for granted and used perhaps without fully appreciating its power.For example, recently I had some concerns about whether or not my newsletter was being properly delivered through the automated service that I use.I decided to send a note to my subscribers and ask them to simply reply to let me know that t
2. Call a few local agents and explain that you are selling "by owner". Explain that you would like for them to do a free market analysis, including statistics on comparable homes, what they were listed for and what they sold for. Some good agents will try to pressure you for a face to face. Some will even come with the paper work to sign you up for a listing now. If you want to avoid this pressure, just state to the agent to send it by mai
I love being an entrepreneur. I love the challenge of managing all the finances, administrative FUN, the marketing and the work. I really do. And recently, I have made my life even easier by learning, following and teaching these monumental must-have manifests. You see it is easy for some of us to set a goal and achieve in no time flat and th
3. With comparables in hand, you now have the proof you need when dealing with a potential buyer. Of course, most buyers when dealing with fsbo's expect some type of deal and will try to negotiate.
4. You could part with some money and get a paid appraisal which will give you a more accurate estimate of value. This probably would be the best proof you could have when a buyer asks you how you determined your price.
As lenders tighten up, you can expect to see prices soften as the market goes from super heated to cool. Most of the previous activity in the market has been due to loose lending and high appraisals. Your job as a "fsbo" is to get it sold to the most qualified buyer for the highest and best price.
Don't forget to enlist the help of a professional if you haven't had success within your time frame for selling. Many agents are willing to cut a deal on the commission without a reduction in services.
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