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Sale Price of FSBOs in Union County

The average homeowner does not have the knowledge nor the experience necessary to sell their home for the most money in the shortest amount of time.

How does the data compare?

fsbovsagentassisted

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6 Reasons to use a Realtor

It’s not terribly difficult to sell a home and certainly some homeowners choose to sell their home without benefit of professional representation. If you’re considering selling your home as a For Sale By Owner (FSBO), here are some benefits of using a professional Realtor that you may not have considered:

1. Using a professional Realtor will save you time and effort. That’s obvious. Showing your home, marketing your home, and answering queries about your home take time and effort, and many homeowners choose not to use their energy in this manner. 

2. Listing with a Realtor increases your exposure to buyers. FSBO’s typically advertise using signage and by buying space in newspapers  – not a terrible strategy, but your exposure isn’t even a tenth of what a real estate professional can provide. Unless you’ve contracted with a brokerage, you can’t be listed in the Multiple Listing Service, or MLS, which is where nearly all buyers come from. 

3. Realtors have the ability to pre-qualify buyers to distinguish them from lookers. When you sell your home FSBO, you have no way to determine if a person who is coming to see your home is actually interesting in buying it or is just touring the neighborhood out of curiousity. Realtors pre-qualify buyers so that we don’t waste your time.

4. Realtors market your home using professional quality tools. You may be an expert at designing advertisements but real estate professionals have the connections and tools Imagenecessary to design and produce marketing pieces that look professional. 

5. Your family is safer when you use a Realtor. A professional will escort all buyers through your home when you list with a Realtor and you and your family don’t even need to be home.

6. Legal documents get filed appropriately. The transfer of ownership of a home is a legal undertaking that requires mountains of paperwork. While certainly not impossible to complete without being a professional, this paperwork does require a certain amount of experience to complete correctly. 

So if you’re considering selling your home, we hope that you at least consider using a professional Realtor. Call us – there’s no obligation, and you’ll see for yourself how we can make selling your home easier!

For more info:

4 Most Common FSBO Mistakes

7 Ways to Market your Union County FSBO

How Much is Your Home Worth?

If you’re like me, your home is your largest investment, and I try to keep aware of how much that investment is worth. There are, essentially, six primary factors that determine the value of a home:

1. Location – Because of factors out of your control, some towns and neighborhoods are more desirable to buyers than others.

2. Size – Bigger houses sell for more money than smaller houses.

3. Housing market – How does the supply of homes on the market compare with the number of ready, willing, and able buyers?  Throughout most of the country, we’re looking at a strong buyers’ market – there are many more buyers than there are sellers, and, therefore, prices are driven down by the principles of supply and demand.

4.   Amenities – Does the house have a pool? A fourth bedroom? Marble tile? Hardwood floors? A fireplace? These things typically add to the value for a buyer. Some of the amenities that might increase the sale price might be worth adding to your home in advance of selling it. If you can afford to update your home before you sell it, it will bring in a better price.

5. Condition – A home that has been well cared for is more attractive to buyers. It is nearly always beneficial to the seller to do routine updates and maintenance on the home before attempting to sell it. Chipped paint, rusty or worn appliances, stained carpet and the like are all going to make your home’s value and selling price decrease.

6. Marketing – The wider your home is marketed, the more potential buyers

Unfortunately, the value of your home is NOT affected by:will be aware of it, increasing demand.  The average home buyer searches for 12 weeks and sees, on the average, 15 homes before making a purchase. (Source: http://www.realtor.org/library/library/fg006)1. How much you paid for it.2. The value of the home you’re moving to.

3. How much money you’ve invested in the home.

An appraiser can be hired to prepare an appraisal which can give you a pretty good idea of fair market value. A REALTOR ® can provide you with a free (free in cost and free in obligation) Comparative Market Analysis which will compare properties similar to yours that have been listed and sold recently.

You can also do a similar process by yourself relatively easily.  Recent home sales are part of many towns’ local newspapers. Search for homes like yours in size, style, location and conditions and see what other similar homes have recently sold for. You may be able to ask a little more if your home is newly remodeled or upgraded, and you may have to ask a little less if your home is outdated.

This post is part of an eBook on selling your home that can be obtained for free by emailing TeamZuhl@gmail.com.

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