So you are contemplating putting your home on the market. And you are going to sell and run the transaction yourself, For Sale By Owner. Do you have all the resources that your license agent has access to? Do you understand and know how to uphold the contract? But you are going to save the money and just list the house at a better price.
But have you contemplated that most likely the person buying your home will have a buyer agent working for the. Their agent understands the contract and is working to get their client the best contract possible. With the fast pace of the market are you going to know and have time to make the best decisions. Several paragraphs in the contract can affect the overall price of the of the sell of your property. Who’s to pay for the survey? The HOA transfer; who is customarily responsible for paying those cost.
And then you’ve got the different loan options, FHA, VA, Conventional, USDA. Do you have to pay closing costs for the buyer? And if so which ones?
Once you’ve put your home up for sale. What marketing are you going to engage in to get the exposure? It could take two to four weeks to get your home under contract. The average time a home is on the market with a licensed Realtor in the DFW area is 7 days. As well as numerous other statistics, that include lowering the sales price.
For Sale By Owner (FSBO) Statistics
FSBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales.
FSBO methods used to market home:
Yard sign: 36%
Friends, relatives, or neighbors: 28%
Online classified advertisements: 16%
Open house: 14%
For-sale-by-owner websites: 13%
Social networking websites (e.g. Facebook, Twitter, etc.): 7%
Multiple Listing Service (MLS) website: 7%
Print newspaper advertisement: 7%
Direct mail (flyers, postcards, etc.): 1%
None: Did not actively market home: 32%
Most difficult tasks for FSBO sellers:
Understanding and performing paperwork: 18%
Getting the right price: 13%
Preparing/fixing up home for sale: 12%
Helping buyer obtain financing: 3%
Attracting potential buyers: 3%
Selling within the planned length of time: 7%
Having enough time to devote to all aspects of the sale: 6%
Pinnacle Realty Advisors is a real estate brokerage firm specializing in residential real estate sales with additional services to support our clients’ needs and agents’ businesses. Our Mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry. Our pledge to you is to use all our resources, professionalism, and ethics to obtain the highest price for your property in the least amount of time.
Pinnacle Realty Advisors is a real estate company with a solid structure and foundation with a commitment to success, productivity and positivity. We focus on helping good things happen for good people. Simply put, positivity is interwound in our culture and is integral to our success and productivity.
Pinnacle Realty Advisors has an unwavering commitment to:
HONESTY – We wear it on our sleeves.
INTEGRITY – We have a strong commitment to our reputation. If something isn’t right, we’ll follow through to correct it.
HIGH QUALITY PEOPLE – Pinnacle Realty Advisors prides itself in only employing motivated, highly competent individuals. If you are not a top performer, you are not employed here.
INNOVATION – We are constantly challenging the status quo by learning, adapting, and finding innovative ways to deliver a better real estate experience.
TRANSPARENCY – We say what we mean and do what we say.
QUALITY PRODUCT – We believe in the value of the service we provide.
SIMPLICITY –We strive to make transactions with our clients and associates as seamless and simplistic as possible.
WORK ETHIC – We are passionate about what we do. Our team is committed to success and whatever it takes to achieve it.
BALANCE – Work hard. Play hard. We encourage our employees to maintain a healthy personal to work balance.
CAMARADERIE - – We enjoy serving our clients and coworkers and cherish those relationships deeply.
If you are interested in a new career in real estate or already have a real estate license, but wish to learn more about our company, please contact us directly to set up an interview. We offer our agents 100% of their commission, company leads, training and coaching with no office, desk fees or monthly marketing fees ever.