FSBOs accounted for 8% of home sales in 2014. The typical FSBO home sold for $210,000 compared to $249,000 for agent-assisted home sales. This is from NAR statistics.
There are two simple reasons why there is such a big difference in the average sales price.
First …
Are you familiar with Zillow's value estimates that they call Zestimates? They are a computer generated home valuation based on recent sales prices of other homes in the area. The problem is they are usually not very accurate. I have seen some very inaccurate values from them. In late …
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Friends, relatives, or neighbors: 32%The market commission these days is 6%. On a sale of a $350,000 property the commission is about $20,000 (rounded down a bit for simplicity).
I admit this is a significant chunk of change. So, is your agent putting ALL of that in his or her pocket, taking …
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When prospective buyers are viewing your home it is a good idea to give them some space. Now would be a good time for you, the homeowner, to go walk the dog or chat with a neighbor. When buyers are viewing a property, having the homeowner hovering around usually does …
Writing a good property description should do one thing, and that is to help attract the most potential buyers to go see the property in person. The more showings of the property you get, the more offers you will get. It is that simple. It is unlikely you will …
View MoreWhen I have the chance, I like to drive around the neighborhoods near my home and office. Lately I have been noticing more For Sale By Owner signs. That is to be expected as the market begins to turn upward after a miserable 7-year stretch where buyers had the upper …