 |
 CUSTOM REAL ESTATE FSBO PORTAL WEBSITE FOR SALE NR $89.95 Time Remaining: 1d 13m Buy It Now for only: $89.95 |
 CUSTOM REAL ESTATE FSBO PORTAL WEBSITE FOR SALE NR $9.99 Time Remaining: 4d 20h 32m Buy It Now for only: $24.99 |
 CUSTOM PHP REALTY REAL ESTATE FSBO WEBSITE FOR SALE NR $9.99 Time Remaining: 1d 9h 56m Buy It Now for only: $24.99 |
 CUSTOM PHP REALTY REAL ESTATE FSBO WEBSITE FOR SALE NR $89.95 Time Remaining: 1d 13m Buy It Now for only: $89.95 |
 CUSTOM PHP REALTY REAL ESTATE FSBO WEBSITE FOR SALE NR $9.99 Time Remaining: 6d 10h 54m Buy It Now for only: $24.99 |
Estate Fsbo
Should Properties in Elk Grove CA be Sold by FSBO or Through an Agent?
Should Properties in Elk Grove CA be Sold by FSBO or Through an Agent? December 13, 2010, by Steve Lunetta
As a seller looking to get the most out of your house, it's completely understandable to want to try your hand at selling the house on your own. Before you make your decision, consider these pros and cons about selling a home through a FSBO or through an agent. By the end of this article, you'll be able to make a much more informed decision.
6% - 7% Commission
The reason sellers opt for FSBO sales is because working with a real estate agent can be seen as "expensive" because of the 6% commission.
However, in reality it almost always costs more to not hire a real estate agent. The NAR has found that on average, sales done through a real estate agent sell for 16% higher than those listed by FSBOs.
Control
Another reason why sellers may opt for FSBOs is the desire to control the entire selling process. While this could be great, it can also be a big pitfall.
Why? Because sellers are often very attached to their homes. They have an emotionally attachment which keeps them from making unbiased judgments or negotiating in an unattached manner.
That's why it's so important that if you work with an agent, you work with an agent you trust so that you can share the responsibility while knowing your agent is taking care of what needs to be taken care of.
Finding Buyers
It's hard for FSBOs to find good buyers. Why?
Generally, real estate agents don't show FSBOs. Instead, they show properties listed by other agents. What ends up happening is that investors or buyers looking for a lowball deal end up coming to look at FSBOs, resulting in lower sale prices.
Although there are some positives to listing your home as a FSBO, it's usually not worth the headache and the time and money you'll likely lose as a result.
To see if a real estate agent is good for you, it's important to talk to someone who's been local to the Elk Grove CA area for some time. To see if we'd be a match, please give me a call at (916) 690-3145 or send me an email at info@finance600.com
There is a lot of free information available to you about buying, selling or investing in Elk Grove CA real estate. For complete information about the Elk Grove CA real estate market including current homes for sale, property values and more please visit the most complete website online www.myelkgrovehome.com dedicated to everything Elk Grove CA real estate.
About the Author
Steven Lunetta is an expert buyers agent working with buyers in the Elk Grove CA real estate market. Steve is a buyers agent and feels that buyers are not completly informed of the different types od agencies that arise in a real estate transaction. Steven has commited himself as a full time buyers agent..
In the absence of an estate agent, with a FSBO house, how are the home-buying negotiations usually conducted?
I grant that it might be easier to have an estate agent, but none is in the picture on our side or theirs.
What're the usual conventions for making a less-than-asking-price offer?
The seller is nice and, to put it mildly, casual about the whole thing.
Is this -- trying to negotiate on price -- something I should be bothering my bank about? Or the seller's lawyer?
The last time I did it, the seller and I discussed potential terms, and then I drew up a sales agreement which contained all the terms that were agreed on, a couple more that made sense, and an offering price. We then sat down at the table and haggled for a half hour. Everybody signed off on the deal, the agreement was taken to an escrow company to be implemented, and I filled out the loan application for the new mortgage. A few weeks later, the papers were ready to sign, and we did so and moved in.
If you haven't done this before, it is very helpful to have a standard realty sales form from which to crib terms; stationery stores carry them. Or, just fill in the blanks from whatever you get from the stationer.
Negotiating 101 for Sellers
Tags: estate · fsbo · home · housing · realestateNo Comments
0 responses so far ↓
Like gas stations in rural Texas after 10 pm, comments are closed.