So you are contemplating putting your home on the market. And you are going to sell and run the transaction yourself, For Sale By Owner. Do you have all the resources that your license agent has access to? Do you understand and know how to uphold the contract? But you are going to save the money and just list the house at a better price.
But have you contemplated that most likely the person buying your home will have a buyer agent working for the. Their agent understands the contract and is working to get their client the best contract possible. With the fast pace of the market are you going to know and have time to make the best decisions. Several paragraphs in the contract can affect the overall price of the of the sell of your property. Who’s to pay for the survey? The HOA transfer; who is customarily responsible for paying those cost.
And then you’ve got the different loan options, FHA, VA, Conventional, USDA. Do you have to pay closing costs for the buyer? And if so which ones?
Once you’ve put your home up for sale. What marketing are you going to engage in to get the exposure? It could take two to four weeks to get your home under contract. The average time a home is on the market with a licensed Realtor in the DFW area is 7 days. As well as numerous other statistics, that include lowering the sales price.
For Sale By Owner (FSBO) Statistics
FSBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales.
FSBO methods used to market home:
Yard sign: 36%
Friends, relatives, or neighbors: 28%
Online classified advertisements: 16%
Open house: 14%
For-sale-by-owner websites: 13%
Social networking websites (e.g. Facebook, Twitter, etc.): 7%
Multiple Listing Service (MLS) website: 7%
Print newspaper advertisement: 7%
Direct mail (flyers, postcards, etc.): 1%
None: Did not actively market home: 32%
Most difficult tasks for FSBO sellers:
Understanding and performing paperwork: 18%
Getting the right price: 13%
Preparing/fixing up home for sale: 12%
Helping buyer obtain financing: 3%
Attracting potential buyers: 3%
Selling within the planned length of time: 7%
Having enough time to devote to all aspects of the sale: 6%
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
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"I couldn't be happier with the service that Doug provided. He was knowledgeable, patient, professional and determined to find the right house for me. When the time comes to sell this house, Doug will be the first call I make!"