For Sale by Owner homes are beginning to pop up here and there. Some may think this is the way to sell a house now that the real estate market is on the rise. The most popular question when considering if doing a FSBO is right for you is, is it the best way to make the most money on the sale of a house?
According the 2012 statistics just released by the National Association of Realtors (NAR), For Sale by Owner, or FSBO, sales accounted for 9% of home sales nationally in 2012. Their research shows that based on the average sales price, FSBOs would have netted nearly $40,000 more had they used a Realtor. That’s quite significant.
Beyond the consideration that selling your home with a professional Realtor will net you more money, here’s some other interesting facts according to NAR to also consider:
Most Difficult Tasks for FSBO Sellers:
- Understanding and performing paperwork . . . . . . . . . 18%
- Getting the right price . . . . . . . . . . . . . . . . . . . . . . . . . . . 14%
- Preparing/fixing up home for sale: . . . . . . . . . . . . . . . . . 11%
- Helping buyer obtain financing: . . . . . . . . . . . . . . . . . . . . 6%
- Attracting potential buyers . . . . . . . . . . . . . . . . . . . . . . . . 6%
- Selling within the planned length of time: . . . . . . . . . . . . 6%
- Having enough time to devote to all aspects of the sale . 1%
Other things hiring a Realtor will ensure include:
Pricing the home appropriately for the market; having a qualified buyer come to the house; and the presentation of a valid and qualified offer. A licensed Realtor will accompany the buyer, and has access to a secure lock-box on a properly listed home. This is something that many FSBOs overlook, that the person coming into the house is both qualified and a legitimate buyer. As a professional Realtor we also make sure all the deadlines in a contract are met, the financing is on track, we keep the seller and the buyer updated on the progress of the transactions, make sure all the appropriate inspections are completed within the contract requirements, and so much more.
And there you have it, hiring a professional Realtor to represent you will net you more money than you may anticipate saving doing it on your own, “several” times over. Not just in selling your home for more money, but in a shorter amount of time, the savings on those respective carrying costs and value you place on your time by not having to figure out the complexities of the home selling process on your own.
If you’re considering selling your home, THE GARDNER TEAM welcomes the opportunity to interview, and share how we can help sell your home for the most money, within a timeline that’s consistent with your goals. As experts in the real estate field, we have a vast amount of resources, extensive network and in-depth marketing systems in place to help you maximize your investment, enjoy peace of mind and life balance during this critical time.
We look forward to talking with you!
One way sellers can save is with a prelisting home inspection!
According to a recent article in Realtor Magazine, ” Home inspections have the power to send all parties back to the negotiation table. As such, some sellers are taking the precautionary step of having an inspection done before listing the home for sale.
Some real estate professionals say that having a home inspection prior to listing can offer several benefits to the seller.”
Getting a home inspection is not a guarantee, nor is it a warranty, but it sure does help provide a closer look and without a doubt a prelisting home inspection can provide peace of mind to both seller and buyer. Identifying problems and eliminating potential obstacles will help to insure a smoother transaction and ultimately the results you’re after.
If you’re considering selling, The Gardner Team would be happy to discuss in detail how a home seller could benefit from a prelisting home inspection, in addition to other money and time saving ways to maximize the sales price of your home in today’s market!
The Best Places to Live, America’s Best Small Towns was released today by CNNMoney. Among the top 10, our very own Sherwood, Oregon came in at #5! Takes a village, way to go Sherwood!
Take a virtual visit and see a glimpse at what Sherwood, Oregon has to offer
Part of the article by Sarah Max reads:
Top 50 rank: 5
There are plenty of reasons to love this small town just outside Portland — quaint historic downtown, top-ranked schools, relatively affordable home prices — but residents gush most about its proximity to fun stuff.
Just west of Sherwood is Willamette Valley wine country. Keep going and in less than two hours you’re on the Oregon Coast. Or travel 65 miles east to Mount Hood for skiing or hiking. Then there’s Portland, home to highly acclaimed restaurants, microbreweries, museums, theater, and more…