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Strategies
for FSBO By
John Wu For
Sale By Owner (FSBO)
was the major way to sell real estates in Asia many years ago. Escrow was
the only party to represent buyers and sellers in transactions. That
happens in the United States when the market turns to Sellers’ side. Of
course, some home sellers enjoy the challenges in transaction and believe
they will get the same result even without services from real estate
professionals. If you are planning to sell the property by yourself, there
are several concepts and strategies you may need to know before you put
the FSBO sign in front of your property. List
your price right.
Check the real estate transaction activities within three to six months in
your neighborhood, at least to get a brief idea what the property average
value is, if you list your price much higher than the average level in
your area, that may discourage prospective buyers to see your house.
Usually the longer time the property listed on market, the less chance to
sell better price. Get
you support.
You may eliminate services from real estate broker and to save
commissions, but as a seller, you still need some basic knowledge and
technique about the transaction in real estate field for your protection.
You may find lots of FSBO information and to order the listing package on
Internet, they may provide you the contracts, seller’s guide and FSBO
signs, you will need to confirm if the contracts are valid version for
your state. Think
about the costs to sell your house.
Greater exposure attracts more potential buyers to see your place,
possibly get multiple offers and sell with better price. Internet is the
most popular way to search properties for homebuyers. You may list your
house and upload the details information and photos to certain websites by
paying fee monthly or quarterly. Find your local newspapers and magazines
to figure out the rate for advertisement. A For Sale sign has very limited
helps if you are a serious seller. Most
brokers will not charge sellers a penny if they don’t get the house
sold, no matter how much they or their company have paid for the
advertisements on Internet, newspapers and magazines for marketing
purposes. If you are thinking of selling, consult a professional before
you make decision. Published
date: Jan/21/2005; Entertainment Today
John Wu, 1611 S Garfield Ave. Alhambra,
CA 91801 |
