For Sale by Owners



Some thoughts on For Sale by Owners


Homes may be listed by anyone: an inexperienced agent who places sign, lock-box, and prays – even the owner himself.


Marketing the property is best done by a qualified, motivated, and experienced licensed real estate agent.


 


 


TIPS FOR OWNERS THINKING DO THEIR OWN MARKETING


Print ads which include newspapers, magazines and flyers have pretty much been eliminated from any effective ad campaign as well as most prudently structured budgets.


There are thousands of web venues where homes can be shown. Many of them are free to the user and some have fees associated with them. Few words, lots of photos, and large fonts are most pleasing to today’s web-surfing buyer of real estate.


Care should be taken as to using some sites. Some sites add a lot of info which may prove not only erroneous but counterproductive to the selling process. Many of the free sites include unqualified opinions of value and misleading information for buyers [sellers] which is not relevant to the State of South Carolina.


 


WHY WOULD AN OWNER THINK TO SELL HIS OWN HOME


1- They owe more on the home than it will appraise for in current market


2- They do not have enough equity to afford an agent


3- They think the buyers are out there with money in hand ready to buy


4- They think they can sell for less and therefore attract a ‘bargain hunter’ from the lower price


5- They just don’t understand how sales processes work- what is involved in the actual ‘getting it done’.


If you see a home where the sign says “FOR SALE BY OWNER”- call John and he will provide tons of information- based on facts and not a biased presentation.


If you have already signed an agency agreement with another agent you are encouraged to call that agent and inquire about FSBO homes or others. 


For Sale by Owner properties are by law supposed to adhere to many of the rules which licensed agents follow. It is my experience that some ‘home marketing experts’ are skipping some steps. The ones which say the seller should provide a “property condition disclosure’ and the fair housing rule that says they cannot discriminate because of race even when they are selling their own home.


 




Century 21 The Moore Group

John Kneece

Broker

1480 Sims StreetOrangeburgSC29115
Cell:(803) 378-5208
Business:(803) 378-5208
Fax:(803) 535-6235
License #:16585

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