Go For Sale by Owner (FSBO):
Benefits of DIY Real Estate
Homes sold For Sale by Owner, or FSBO, are becoming more common in today’s real estate market. The reason is simple: it is a smart financial decision.
Real estate agents charge hefty fees, up to 6 percent of the sales price, for their services. With the emergence and dominance of listing websites like zillow.com as well as easily accessible property data, home sellers are realizing that with a small amount of effort they can save big. Now, with the addition of fsboHandshake.com, real estate transactions can be done completely online. Effectively allowing anyone the ability to buy and sell real estate with ease. It’s easy to understand why more home sellers would sell their home For Sale by Owner. Let’s go over how selling your home without an agent can be done with little additional effort and a lot less cash.
Marketing a home online is easy.
Zillow.com has over 100 million website visits per month and is the easiest marketing tool for selling your home for sale by owner. And the best part? It’s free. Smartphones can take high quality photos, with numerous apps and services available to enhance your photos (such as Snapseed or 360 Panorama). Include your favorite features in the listing description; such as enjoying a garden, relaxing on your private terrace, or living in close proximity to amenities.
Simple tools and resources are available to price your home.
It’s important to list your home at the right price; which means not too low, or high. Historically, the Multiple Listing Service (MLS) has collected the majority of data concerning home sales. However, Zillow has made it easy to find recent sales in your area. Using local comparables will help you gauge what buyers are currently willing to pay for similar homes. If you would like a more precise valuation of your home, you can hire an appraiser to determine the current market value of your home. The fee for hiring an appraiser runs around $500, significantly cheaper than hiring a real estate agent.
You know your home’s best (and worst) assets.
If your home is in need of a little TLC, but the idea of home improvements sounds unappealing, consider selling your home “as-is”. It might mean reducing the price tag, but could mean less headaches or additional expenses that may arise with household repairs. If it’s a seller’s market, you may be able to get away with fewer fix-ups before selling. In order to get top dollar for your home be sure to start with defective items such as a broken window, door, or leaky roof. Updating curb appeal, such as new mulch or a freshly painted fence, can help build a lasting impression on potential buyers. Minor improvements, including new lighting and plumbing fixtures, are relatively inexpensive updates but may help increase the home’s appeal.
Make showing your home an opportunity.
The most time consuming part of showing your home is tidying up, which you’ll have to do with, or without, an agent. Use showings as an opportunity to learn about your buyer and provide details about the home. Provide factual information about your home and, if possible, have copies of utility bills. If work has been done on the home, have the contractor’s information available for the buyer. Handling showings will also provide for clear communication on what item(s) are, or aren’t, included in the sale. If you’re not comfortable doing this step yourself, talk with a friend or neighbor who could help show buyer’s through your home.
fsboHandshake takes care of the paperwork.
fsboHandshake creates the necessary legal paperwork from offer to closing. It’s a simple, online guide for buyers and sellers to make offers, negotiate, and close successfully. fsboHandshake eliminates the need for sellers to allow a buyer’s agent (saving 3 percent of the sales prices). fsboHandshake is risk free, with nothing due up-front, charging a simple flat fee of $2,000 upon a successful closing. A fraction of the cost of what a buyer’s agent will charge, but providing the same support for a buyer.
The bottom line is that selling a home For Sale by Owner is a smart financial decision. For Sale By Owner sales save sellers thousands of dollars. fsboHandshake allows for real estate transactions to be handled completely online; managing the paperwork, to-do lists, and deadlines. With sites like Zillow.com* and fsboHandshake.com, selling a home For Sale by Owner is easier and safer than ever.
fsboHandshake is your trusted for sale by owner adviser.