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VALUABLE INFORMATION FOR THE FSBO

First, I'd like to thank you for taking the time to visit my website and particularly for visiting this page, dedicated to the For Sale By Owner, or FSBO as we in the industry refer to you as. 

Your home is your most valuable asset, and because of that, I'd like to provide you with some information to help you make the best decisions possible in order to cash out well on your investment.   I've provided statistics taken from NAR's Profile of the Home Buyer & Sellers so that you can fully understand the benefits as well as the ramifications of taking on the sale of your own home without the use of a realtor.  If you do decide to continue trying to sell on your own, I've provided some useful tips that may come in handy during the process, as well as a very important safety checklist you should review before showing your home to prospective buyers.

I am always available if you have any questions or if you would like to discuss any of the information I provided FREE of charge.


For Sale By Owner Statistics Information Sources Used by Buyers
Did you know?
. . . the typical FSBO home sold for $187,200 compared to $247,000 for agent-assisted home sales

FSBO Methods Used to Market Home:
Yard Sign . . . 51%
Friends/neighbors . . . 53%
Newspaper ad . . . 31%
Open House . . . 29%
Listing on the Internet . . . 22%

Method of Home Purchase, By Use of Internet:
Agent/Broker - 81%
Direct from Builder - 10%
Direct from previous owner whom buyer didn't know - 5 %

 

  • Real Estate Agent - 85%

  • Yard Sign - 63%

  • Internet - 80%

  • Newspaper -  55%

  • Open House-  47%

  • Builders - 27%

  • Television - 11%

  • Relocation Company - 5%

Source: 2006 NAR Profile of Home Buyers and Sellers


FSBO Security Checklist

Safety is very important when showing your home to prospective buyers. 

Realtors take their safety and safety of their clients seriously.

 
  • Will your home be available to show during the day and if so, who will show it?

  • Will your home be available to show at odd hours? If so, how late?

  • Will your children be allowed to show the home?

  • Will your husband/wife be showing the home alone?

  • You're alone and showing a prospective buyer your home and the doorbell or phone rings. Do you leave the stranger alone to answer it?

  • Should you be suspicious if a buyer views your property more than once?

  • Will pets be restrained during showings?

  • If weapons are in the home, are they secured and locked?

  • Do you have liability insurance in case of accidents? If so, how much?

  • Do you keep large amounts of cash at home?

  • Do you keep valuables and jewelry locked up?

  • Are all entryways secured and locked at all times?

  • If the home has a security system, should you show it to prospective buyers?

  • Are emergency numbers easily found if needed quickly (police, fire, etc.)?

 

     

SOME IMPORTANT POINTS TO REMEMBER
 

1.  When you do get an accepted offer, make sure that  the person is Pre-qualified or Pre-Approved.  Know that there is a difference between Pre-Approval & Pre-Qualified.  Read the article I have on my website taken from Newsday to learn what the difference is.

2. NEVER and I mean NEVER accept a "good faith deposit" from your potential buyer.  The only times money should be exchanged is a deposit at contract signing with the remainder of the down payment at closing.  The reasons are too long to list here, but if you'd like to know why just give me a call and I'll be happy to explain.

DID YOU KNOW?
The home price for sellers who use an agent are 16% higher than those who don't according to NAR's 2005 Profile of Home Buyers and Sellers, and 9 out of 10 Home Buyers use a real estate agent in the search process.
 
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