2009-11-15 15:30:20 Selling Your Home For Sale By Owner in Salt Lake
I thought I would write a blog to help all the For Sale By Owner selling in Salt Lake. Selling For Sale By Owner or FSBO is something I know a lot about. Ok I know some of you are rolling your eyes saying this is where the realtor is going to tell us we have to list to sell because 80% of homes are sold by realtor etc. Maybe and maybe not it all depends on the market. Let me give you some credential, I was the nation Real Estate Broker for forsalebyowner.com from May 2005 to May2008. I listed dozens of flat fee listing a month for most of the Watch front and consulted with national listing agent and customer support problems. Created new programs and yes sold real estate. For you people keeping score that was during the boom of the real estate flipping era. So I know a little about this way of selling. I'll be honest you can sell FSBO. But it harder in this market. It not easy because buyers are looking for the great deals of bank owned and short sales they want a great deal and those are being show by realtor. So buyer tend to become clients of realtors and end up seeing listed home not FSBO homes. I'm sorry that is the nature of the market right now. If it becomes a seller's market again FSBO will be very effective again. I don't see that happening any time soon. Even if they don't buy a short sale or bank owned home they buy a listed home. So how do you get listed without paying 6%? That is actually easy it's a flat fee listing? You can get your home listed from $199 to $995 full service and chose your buyer agent commission from 2% to 4%. So you could spend $199 and 2.5% buyer's agent commission and have your home on the MLS. That is the best way to sell in this market. Selling comes down to marketing exposure and pricing, the more shopper that see your home the more of a chance you'll one think it's the best home for the money and they will make an offer. That is it and you have to be priced well, in this price driven buyer market. So you can't rule out the buyer working with agents if you want to sell. There may only be 3 or 4 buyers looking for a home like yours and 3 of them may have agents that are the nature of this market. Where do you find a reliable flat fee company? We'll I'm glad you ask I have one that I have created it http://www.forsalebyownerhelper.com/ you can place your listing, upload your photo buy a self serve or professional y shot Obeo virtual tour, which is the best tour for tracking the buyers viewing your home. I will post your home on the WFRMLS and syndicating it to most of the major home buyer's sites. From the $199 for a 6 month limited service listing to the$995 Full services until sold all the bells and whistles listing. If you mention this posting I will give you the statistics for your home sold listed and under contract so you can do the # for pricing your home. Good luck and happy selling!