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For Sale By Owner Resources
Selling Your Home Yourself
ORDER THE LEGAL REAL ESTATE FORMS YOU'LL NEED!
Get to Know the Facts
Selling a home can seem like a daunting task regardless of whether you are represented by a licensed professional or not. The key in any case is to be prepared. While many homeowners don't mind the usual necessary tasks of screening, scheduling and showing--in today's market it is key that For Sale By Owner (FSBOs) gather the information and resources necessary to make educated decisions before marketing their home. Also, know that when it comes to selling a home FSBO, there is both good news and bad news.
First, The Bad News
According to the National Association of Realtors in 2006:
- Only 12% of all home sellers chose to sell their home FSBO
- 40% of all FSBOs sold their home to someone they knew before the transaction.
- Only 7% of all home sales were open market transactions where the FSBO was able to locate the Buyer and execute the transaction; and finally and probably most important
- Homes which sold FSBO, sold on avereage for 32% less than homes which sold with the help of a real estate professional
Now the Good News
If you have had experience selling homes on your own in the past, you may want to consider selling your home within the FSBO market. The key is being able to avoid the pitfalls of:
- Limited exposure leading to less profit,
- Not knowing which legal forms and disclosures are necessary to keep you out of court,
- Ineffective marketing, and
- Incorrect pricing which is one of the main reasons homes fail to sell or sell for much less then they are worth
In today's market, with record high home inventories meaning increased competition, it is important to be as knowledgable as possible.
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Special Limited Time Offer!
If at any point you decide that you would like representation from a licensed agent on the sale of your home, and you list your home with VINCENTHOMES Real Estate Services, we will reimburse you up to $1,000, at close of escrow, of the costs that you may have incurred promoting and or preparing to sell your home FSBO!
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For Sale By Owner, please contact us below!
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