Home for sale by owner means that there is no realtor involved in the sale of the house the owner is dealing directly with the sales of the house. This can be good in regards that the seller will be saving 2-3 percent of the deal that he was suppose to give to the agent. But it also means that the seller has to deal with all the formalities and paper work involved in the selling process. It is also called FSBO.
A person who is inexperienced in the market or real estate or if the person has less time to sale his/her property, the chances are he/she will face a big loss of money and time. A lot of people are doing this for the first time and are not aware of complete knowledge of the things involved, even a little mistakes can cause big issues whether it's a mistake regarding pricing, marketing, legal agreement or paperwork. In Brampton home for sale by owner has declined a lot in last 5 years.
Why You Shouldn't FSBO:
There are several more reasons which suggest that one should not go for FSBO. Major reasons are as follows:
1) Too Many People to Deal With
2) Exposure to Prospective Purchasers
3) Internet Results
4) FSBO is Getting More Difficult
5) More Money Saved When You Use Agent
1) Too Many People to Deal With:
When u decide to go for FSBO there are a lot of people involved with whom you will have to negotiate, it involves the buyer, the agent of the buyer, the attorney of the buyer, home inspection team, your bank and appraiser. It is a really tough job to deal with all these people especially when it comes to home inspection team, because these people are on buyer's side and they will always find something wrong with your house.
2) Exposure to Prospective Purchaser:
Recent studies show that most of the people go to internet to search a house, and the real estate companies go for internet strategy as well. There in a very low ratio of the people who look into printed newspaper ads. Most of the FSBO ads are posted in the newspaper that is why the ad does not reach to the enough customers.
3) Internet Results:
Mostly people go to internet for getting a house. A study shows that 43% of the buyers buy through internet ads, 9% from yard signs and only 1% from newspaper ads. So this means that a person who wants to do FSBO must derive an internet strategy.
4) FSBO is Getting More Difficult:
In last 20 years the ratio of the people doing FSBOs has dropped from 19% to 9% due to the increase in the complications and paperwork in the deal. Industrial disclosures and regulations have become mandatory. Also, not everyone can understand the complications of the paperwork which makes a complicated thing even more complicated.
5) More Money Saved When You Use Agent:
People usually go for FSBO because they think that they can save the money by not paying commission to the agent, but they also don't realize that an agent has skills and ability to sell your house at maximum price. The FSBO keeps the prices lower while the agents keeps the prices higher and they get the right customer for the house as well, For example if a person can sell a typical house for say $200,000 the agent can sell the same house for $ $264,000. This actually is saving you more money as compared to FSBO.
Above mentioned are the reasons why one should not go for FSBO. Now to sell your property you need a reliable and trusted realtor. The one who understands the value of your time and money. The realtors have strong networks and have a lot of knowledge about the real estate market and they can get a sellers a good deal on their property.
What is a Good Realtor?
It is very important to get a good realtor to deal with your property. A good realtor has some traits; that are as follows:
All these qualities make a good realtor, but not all the real estate companies have realtors of these qualities. Remax real estate carries a good reputation in real estate market. With experience of about 20 years the Remax Real Estate has been providing satisfactory services to its clients. The agents of the company are well knowledge and well experienced. They believe in 100% customer satisfaction. The company provides free market evaluation services to the clients if the client wants to sell his/her property.
They find the best deals possible for their clients, with Remax Real Estate it is guaranteed that you will get the best deal of your property than any other realtor and even better than FSBO. They have large variety of homes, apartments & condos etc. if you want to get the best deal for your property come to Remax Real Estate where 100% satisfaction is guaranteed.
A person who is inexperienced in the market or real estate or if the person has less time to sale his/her property, the chances are he/she will face a big loss of money and time. A lot of people are doing this for the first time and are not aware of complete knowledge of the things involved, even a little mistakes can cause big issues whether it's a mistake regarding pricing, marketing, legal agreement or paperwork. In Brampton home for sale by owner has declined a lot in last 5 years.
Why You Shouldn't FSBO:
There are several more reasons which suggest that one should not go for FSBO. Major reasons are as follows:
1) Too Many People to Deal With
2) Exposure to Prospective Purchasers
3) Internet Results
4) FSBO is Getting More Difficult
5) More Money Saved When You Use Agent
1) Too Many People to Deal With:
When u decide to go for FSBO there are a lot of people involved with whom you will have to negotiate, it involves the buyer, the agent of the buyer, the attorney of the buyer, home inspection team, your bank and appraiser. It is a really tough job to deal with all these people especially when it comes to home inspection team, because these people are on buyer's side and they will always find something wrong with your house.
2) Exposure to Prospective Purchaser:
Recent studies show that most of the people go to internet to search a house, and the real estate companies go for internet strategy as well. There in a very low ratio of the people who look into printed newspaper ads. Most of the FSBO ads are posted in the newspaper that is why the ad does not reach to the enough customers.
3) Internet Results:
Mostly people go to internet for getting a house. A study shows that 43% of the buyers buy through internet ads, 9% from yard signs and only 1% from newspaper ads. So this means that a person who wants to do FSBO must derive an internet strategy.
4) FSBO is Getting More Difficult:
In last 20 years the ratio of the people doing FSBOs has dropped from 19% to 9% due to the increase in the complications and paperwork in the deal. Industrial disclosures and regulations have become mandatory. Also, not everyone can understand the complications of the paperwork which makes a complicated thing even more complicated.
5) More Money Saved When You Use Agent:
People usually go for FSBO because they think that they can save the money by not paying commission to the agent, but they also don't realize that an agent has skills and ability to sell your house at maximum price. The FSBO keeps the prices lower while the agents keeps the prices higher and they get the right customer for the house as well, For example if a person can sell a typical house for say $200,000 the agent can sell the same house for $ $264,000. This actually is saving you more money as compared to FSBO.
Above mentioned are the reasons why one should not go for FSBO. Now to sell your property you need a reliable and trusted realtor. The one who understands the value of your time and money. The realtors have strong networks and have a lot of knowledge about the real estate market and they can get a sellers a good deal on their property.
What is a Good Realtor?
It is very important to get a good realtor to deal with your property. A good realtor has some traits; that are as follows:
- A realtor can work more efficiently if he/she is up to date with the real estate market. A good agent has all the latest news and knowledge of market which results in better results to the clients.
- A realtor can work more efficiently if he/she is up to date with the real estate market. A good agent has all the latest news and knowledge of market which results in better results to the clients.
- A good agent must have proper understanding of the local market, he/she should knows the difference of the local market form other markets and also the pricing strategy for the location.
- A successful realtor always pays attention to all the details, whether it is regarding client or the property. The good agents listens and pays attention to the requirements of the customer and also has detailed knowledge of the neighborhoods.
- A realtor must have a good personality; a good agent is confident and friendly.
- A good agent is the one who loves his/her work. If you don't love your job you won't be interested in the work. That results in unsatisfied clients and bad deals.
- A realtor's good reputation is very important. Good repute means more business. One way of being well reputed is become a member of National Association of Realtors.
- A good agent must be motivated and should be4 a problem solver. It adds to the efficiency of the agent.
All these qualities make a good realtor, but not all the real estate companies have realtors of these qualities. Remax real estate carries a good reputation in real estate market. With experience of about 20 years the Remax Real Estate has been providing satisfactory services to its clients. The agents of the company are well knowledge and well experienced. They believe in 100% customer satisfaction. The company provides free market evaluation services to the clients if the client wants to sell his/her property.
They find the best deals possible for their clients, with Remax Real Estate it is guaranteed that you will get the best deal of your property than any other realtor and even better than FSBO. They have large variety of homes, apartments & condos etc. if you want to get the best deal for your property come to Remax Real Estate where 100% satisfaction is guaranteed.