I am selling 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 that stands for sale by owner. The advantages of selling as a FSBO are numerous. With six percent real estate commissions, you’re looking to immediately save tens of thousands of dollars in commissions. If for some reason this doesn’t appeal to you, keep in mind that you can use the savings to lower the prices of similar homes in your area. This will quickly get your home off the market and allow you to get on with your life.
The key to selling your property is to be prepared. First, you should find out the property’s value by looking at comparables in your area or by trying an online appraisal service. Once you have the value in mind, you need to determine if it is acceptable. You also need to determine what you’re really willing to accept as the selling price once the haggling is complete. Always make sure you know your bottom line and stick to it.
The next step is to list the property online at a FSBO site. More than 70 percent of homebuyers now find their properties online because they realize there’s no need to drive around looking for homes they may or may not be interested in. By going online, they can see what each home has to offer and then visit the right property.
Given the use of the Internet by buyers, it is vital that you spend time uploading images with your listings. It will only generate interest if buyers can see the property. Every site allows you to upload digital photos and you should. Take care to show as much of the property as possible so you can generate leads that are really interested in buying.
Sellers wonder if they are right in thinking that they can sell their property without a real estate agent. With the internet revolution, it’s easy to do so and save tons of money on commissions.