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.
the property is best done by a qualified, motivated, and experienced licensed
real estate agent.
TIPS FOR OWNERS THINKING DO THEIR OWN MARKETING
ads which include newspapers, magazines and flyers have pretty much been
eliminated from any effective ad campaign as well as most prudently structured
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.
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
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.