Real Estate Blog

For Sale By Owner homes are on the rise as people seek to save money while they are selling their homes. While FSBO’s are very attractive from the seller’s perspective, they may not always be for the buyer. The following are some considerations that you may want to take in account when you see a For Sale By Owner property in your desired neighborhoods.

Generally speaking buying a FSBO property is a risky move. Although the seller thinks they are saving themselves, and you, money by leaving real estate agents out of the mix, sellers actually end up with less money compared to what they would net by using a real estate agent. From the buyer’s perspective, you could be facing some real risks by purchasing a FSBO home. continue reading…

First impressions mean a lot, and everyone has them.

Have you seen a house that has bushes so high that you can’t see the windows? Or perhaps, you drive by that house on the corner that has the perfectly manicured lawn and beautiful flower beds. In both situations, you formed an impression in your mind. It is important to consider which impression your prospective buyers are going to form when they first see your property.

In the industry, this is referred to as Curb Appeal . Curb Appeal is the way your home looks combined with the feeling that is created when a prospective buyer sees your house. It is their ‘first impression’. continue reading…

Once you’ve done all your homework and set the correct asking price, had a few open houses and advertised in all the right places you are now ready to receive your first offer on your for sale by owner property. Someone has looked at the house, decided that they want to buy it and have made you an offer. Now what?

Well you can either reject, accept or make a counter offer. It is always good to make a counter offer unless someone is offering you your full asking price. To not make a counter offer lets the buyer think they offered too much and it may cause you to accept a lot less than the buyer is actually willing to pay. continue reading…

Selling your home yourself can sometimes be a daunting task. It is important that your selling plan covers the basic ingredients of selling your home. Covering the six main ingredients such as: location, condition of the property, selling price, terms of the contract, the market conditions, and home staging & re-design will insure your success when selling your home.

The location of your property is an important selling point. A great neighborhood with great schools should reflect the pricing of your home. Popular areas bring top dollar. You will want to highlight your neighborhood assets when your preparing your marketing plan. Be sure to include real estate statistics, local school information, local stores, and restaurants. continue reading…

Close to 25% of all the homes sold in the USA are sold for sale by owner (FSBO). With real estate commissions ranging from 4% to 10% it not surprising the figure is so high. A real estate agent commission can be several thousand dollars on just one property transaction.

Make no mistake; if you dream of making a larger down-payment on your next home, or want to retire, or simply want to hang onto the equity you have worked so hard for – then you could save thousands by selling your home for sale by owner. continue reading…