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2019
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Sell Your Home With a Real Estate Expert

We all have that friend that says, "I got this." Sometimes this works out great, like when you get a better meal at someone's home than you've had at a restaurant in ages. Or, the person that seems to be able to build and fix anything in their home without the need of Google or a professional. This line of thinking may lead some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers. Let's dive into why.

 

Recent studies have shown that 95% of buyers search online for a home. In comparison, only 13% use print newspaper ads. When you choose me as your Realtor to promote the sale of your home, I offer a strong, proven digital strategy, which was named the Best SEO Strategy by Leading Real Estate Companies of the World out of over 500 top real estate companies around the world. 

Where did buyers find the home they actually purchased?

 •  50% on the Internet
 •  7% from a yard sign
 •  28% from a Real Estate Agent
 •  1% from newspapers

The days of selling your house by putting up a sign and listing it in the paper are long gone. Having a strong internet strategy for maximum exposure is crucial to sell your home for the most amount of money that the market will bear in the least amount of time.

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

 •  The buyer who wants the best deal possible
 •  The buyer's agent, who solely represents the best interest of the buyer
 •  The buyer's attorney
 •  The home inspection companies, which work for the buyer and will almost always find some problems with the house
 •  The appraiser, if there is a question of value
 •  The title company, if there are challenges with certificates of occupancy or other permits
 •  The buyer's buyer, in case there are challenges with the house your buyer is selling

 

There is a vast amount of information that Realtors have to legally be aware of. State and Federal requirements are always changing, meaning that Realtors are required to take continuing education courses to stay up to date with all requirements. On top of that, the paperwork involved in the process has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 7% over the last 20+ years. 

Speaking of difficult, we haven't even mentioned the innumerable amount of phone calls that you'll have to field from unqualified buyers, or the fact that you'll have to show the property yourself...sometimes at a moment's notice.

Many homeowners believe that by FSBOing, they will save the commission money that a Realtor would earn from the sale. However, a study by Collateral Analytics revealed that FSBOs don't actually save anything by forgoing the help of a Realtor In some cases, they may actually cost themselves more due to holding costs and limited exposure. One of the main reasons for the price difference at the time of sale is:

"Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population."

The more buyers that view a home, the greater the chance of a bidding war for the property. The study found the difference in price between comparable homes of size and location is currently at an average of 6%.

So, what's it all mean?

Do you believe your home will sell for a fixed price, or a range of value depending on the marketing strategy and negotiation skills of your Realtor?  If you answered the latter, you are in line with the majority of sellers today. So, instead of taking on the challenge of selling your property by yourself, let's get together  to discuss the Seller's Process, which includes a marketing strategy designed to sell your home at the highest price the market will bear in the least amount of time.

*Source: KCM

For all of your real estate needs, contact me, your LOCAL real estate expert at Gardner Realtors!

Troy Mire »
REALTOR
Troy Mire Cell
504-237-3783
Office
504-279-6344 x4075
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