Many people consider selling privately when they realize the ski high commission structure realtors are currently using. Much of their hard earned equity will be handed over and let me be perfectly clear here to a useless Real Estate Agent with only one goal in mind, your fooling yourself if you think your agent is keeping your best interest in mind. The only thing on an agents mind is where they are going to find the next sucker! willing to pay them outragous amounts of money for very little effort. Take a look at the vehicle your realtor is driving and the home they live in. That luxury car payment and expensive mortage I guarantee does not have your best interest in mind. I guess if I could put my mourals and ethics aside and start ripping off hard working families to the tune of twenty to thirty thousand dollars or more to put their house on a website and fill out some paperwork I would drive a benz too.
That brings me to the point and I hope your angry enough at this stage to take it to hart. Don't be fooled by all the garbage the real estate industry puts out there it's just scare tactics to discourage you from looking for an alternative. Bold statement? I think not, what does a angent really do for you to earn that kind of money. They advertize your home - big deal who can't do that these days with whats available to everyone on the internet. They show your home to buyers - Who cares! who could'nt show their home to someone who was interested in buying it, do you need somone to show your car for you if you decide to sell it??? They complete the paper work, ok I can understand that this is the part that scares the average joe so what can you do? A few things all the documents can be downloaded free from various sites with complete instructions. Remember all the paper work has to be approved by a real estate lawyer so it does not matter if an agent is involved or not the lawyer is who makes it safe and legal not the realtor. If your the type of person who is just more comfortable having someone hold your hand and walk you through the entire process you still have options and can save big! use a seller assistance company they can advertise your home provide you with all the paper work and will give you advice along the way, unlike realtors these companies cost a fraction of what you would pay with an agent and usally have complete pkgs between $299.00 to $999.00 in fact I recently visited a local franchise show and was happy to see a company by the name of Home SellerPak a seller assistance company showcasing their franchice at the show. They stated they offer a full service personal consultant package for one flat fee of $599.00. These are the types of companies I'm talking about.
The basic tips are easy:
- Make sure your house is clean! - I don't care if you like living like a fithly pig but if someone is dropping by to potentially buy your home CLEAN UP!
-Make repairs befor you advertise - People don't want to here that this can be fixed or I'll get that done befor you move in when walking through your home. You want them to feel like you have taken care of your home and maintence is up to date.
Curb Appeal - How your home looks from the outside is just as important as the inside so give it an equal amount of attention when preparing your home for sale.
Advertise - This is the most important so take some time to way your options, a rule of thumb is 1% of the sale price should be put into a solid advertising campaign. Don't just pick up the phone and call the local paper it can be expensive and maybe not as effective as you might think. Exlpore the advertising benifits of using a seller assistance company they have done this befor and know what works. They can also provide a professional lawn sign that looks better than a cheap for sale sign bought at the local hardware store. That company I mentioned I saw at the franchice show had the biggest sign I had ever seen nobody driving by would miss it and it's that type of over exposure you want to take advantage of. The more people who see your home the higher the chances of one of them buying it.
Do your Home Work - Make sure your home is priced right for your neighborhood, check and see what other homes are selling for and what the overall market is doing, get too greedy and you just wont sell.
Be prepared and get your paper work in order it might take months to sell or you might sell it to the first person through the door so it pays to be prepared. Have confidence in yourself, sell your home privatley and say good bye to the B$#@!% of high commission and traditional real estate. Lets see if these low lifes can survive in the real world without 20k paychecks. Information is power pass on your private real estate knowlage and help free your family and friends from what I personaly consider a crime. LONG LIVE FSBO!!!! Cheers
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2 comments:
I love it! You are exactly right in my opinion and this is coming from a licensed real estate broker. The majority of real estate agents certainly do not have a seller's best interest in mind. In fact we are taught to sell our brand and image more than the property. I have for many years practiced in a different manner than the traditional agent. Just recently, I started a By Owner marketing assistance company to help private seller's. The tools we will be offering are to educate and help the homeowner advertise their home to the many available buyers. Keep up the good information and opinions for the FSBO marketplace because we can change the overall perception.
So true the article is. There is still a HUGE problem out there to be worked out. Buyers agents are told by brokers to black list showing FSBOs. They do this to create a need for the FSBO seller to have to obtain a listing broker to get their property shown. This is foolish as the buyers agent still can earn their 3% or more from a FSBO and wrap up finding a home more quickly for a buyer if that is the property they love and wanted to see. What to do about the black listing of FSBOs by Buyers agents?
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