Posts tagged ‘FSBO’

Owner Selling House

There is a way to do house selling by owner and not use a REALTOR. Save yourself a lot of money, but remember it is basically up to you to decide whether or not they should perform house selling by owner. There are many advantages and disadvantages if you are going about house selling by owner. You will notice more and more for sale by owner signs in front of houses people are currently selling.

One of the major advantages would be that you will not have to give pay real estate agent fees, which is usually a percentage of 6% of the total of a property value. Another great advantage would be that you will always be available to show your home and answer any phone calls when someone is looking to buy.

Some of the disadvantages:

Do a little research on recent houses that were sold in your area in order to determine the right asking price. If you are house selling by owner you will save tons of money, but if you are not comfortable doing all the additional work then you should find a local REALTOR who has a good reputation with the sales of homes. Weigh out your options first.

October 29, 2008 at 7:00 am 1 comment

For Sale By Owner

Thinking of putting your home on the market yourself and listing it as “For Sale By Owner?” As the real estate market slows there are some things you will want to ponder before you decide to sell it alone.

One of the most important things in selling real estate is determining the value of your property. There are many factors that affect the value of your home and it is important to consider these key factors when deciding on a listing price: Property size, condition of the home and any alterations, upgrades you¹ve made, including landscaping, neighborhood environment, comparable sales and the school district. All of these play a vital role in determining the price of your home.

If you aren¹t listing your property with an agent then you will need some assistance in understanding what part these factors play. The whole idea behind selling your home yourself is to increase your profit, so don¹t underestimate your asset and list it for the wrong price. Too high a price and your home could sit on the market for months. Too low a price, and you¹ve given your money away.

There are many home valuation tools that can help guide you to an appropriate listing price. Unfortunately, many of the online home valuation sites provide only generalized report estimating the value of your home by zip code or square footage with comparison to recently sold homes in your area. These valuations can be very deceiving because they are not based directly on your home and they do not consider all the important factors. It is important that you get an individual valuation of your property, which will include all of the key factors: Size, Condition, Location, etc.

Once you have researched the value of your home you may feel you are ready to list it as “For Sale By Owner,” it is important to first consider the potential pitfalls to selling your home without the experience of a real estate professional.

Selling your home on your own is a very time consuming and laborious task, particularly if you have a full-time job you also have to attend too. FSBO sellers need to be wary of bargain hunters that do not want to pay top dollar and easily convince you to accept a lower offer. If you are not an experienced negotiator, you may find yourself accepting less than you bargained for. Sellers will also need to study up on the legal issues that affect real estate transactions. As the market continues to slow in some states, homes are staying on the market longer. Owners attempting to sell their own homes need to be prepared for the fact that their home may be on the market for months or longer. In most areas the days of the fast market when homes were listed on the market for only hours or days are becoming much less common.

Working with an agent can help guide you through the difficult maze of real estate. After all your ultimate goal is to get top dollar for your home so why not use the expertise of a real estate agent to help you do that, and some real estate brokers are even open to negotiating commissions.

October 28, 2008 at 10:00 pm 3 comments

Selling A House “For Sale By Owner”

Many people think if they start selling a house by owner they will save a lot of money in the end.

Keep in mind, though, that there are many advantages and disadvantages of selling a house “for sale by owner.” Some of the major advantages of selling a house by owner:

  • Not have to give the realtor their fee (about 6% of the total selling price)
  • You will always be available for showing the house and answering any phone calls
  • You will be in total control of everything that has to do with the whole transaction
  • No worries about anyone else making mistakes.

Some of the disadvantages of selling a house by owner:

  • All of the legal forms and paperwork are your responsibility
  • The cost of marketing and advertising. Listing it online will get a broader reach of people.
  • Trying to price the property correctly.

If you’re selling a house by owner, you could save tons of money. But, you will have to do a lot of additional work.

Need advice on what your house is worth? Find out your property value today.

If you find a local realtor who has a good reputation with the sale of houses, make sure you weigh your options first before choosing to sell a house by owner.

October 23, 2008 at 4:00 pm 1 comment

Selling Your Home? Alone?

Editor’s Note: Below is an article on FSBO website GetMyHomesValue does not endorse or recommend selling your home in today’s housing market as a FSBO. With the housing market in its current condition, homeowners looking to sell need the guidance of an expert in the industry. To get connected with a local real estate agent in your area, click the “Find Your Homes Value” button on the right.

If you are considering selling your home in today’s market without the use of a real estate agent, a great place to check out would be This web page is primarily for listing houses that are For Sale By Owner (FSBO).

To get started with, register with their site. After registration, you can begin to create your home listing. Before you can publish your listing, you’ll need to select a payment option for the promotion of your property. Prices for a promotional package on range from $360 to $1995.

Before you actually go to and invest anywhere from $360 to almost $2000 on listing your property, you should take some time to investigate exactly how much your house is worth. If you connect with a local real estate agent, many times they will provide you with a free Comparative Market Analysis (CMA) of your property. CMAs generally include information on your local housing market in addition to an evaluation on the value of your home.

Some online home valuation sites have a mathematical equation they use to determine the value of your home. While they might seem trustworthy, can you really trust a computer to determine how much your house is worth to another human being? Working with a real estate agent brings the human factor in to selling a home. Even if you decide to go the FSBO route for selling your home after meeting with an agent, at least you will have an appropriate home evaluation completed on your property by an expert who knows the real estate market in your area.

October 16, 2008 at 11:00 am Leave a comment

Find Your House Value