Are You Cut Out to Be a FSBO Seller?

For sale by owner sign

If you think that simply putting a sign like the one above is enough to sell your home, you might not be cut out to be a FSBO seller.

Selling your home on your own can be challenging. You’ll have to pay attention to marketing techniques. You’ll need to make sure that your home is priced correctly. You’ll have to stage your home for sale and schedule showings and open houses. Being a FSBO seller takes a lot of work.

However, if you are aware of the tips and tools that are available to make FSBO selling easier, it just might work for you. What are some of these tools?

The most important is a Flat Fee MLS listing that will get your home listed in the same multiple listing service that buyer’s agents search to find properties to show their clients. A listing in the MLS will ensure that your home gets the exposure that it needs to sell.

When you get your flat fee MLS listing from IHS Realty you’ll also have access to other tools that ensure that you have what it takes to be a FSBO seller.

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Get what it takes to be a successful FSBO seller.
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Should You Be a FSBO Seller?

Being a FSBO seller (selling your home for sale by owner) isn’t for everyone.

Many FSBO sellers face a number of challenges. Some set too high a price for their home and wonder why it seems to stay on the market much longer than similar homes. Some set the price too low and wonder why prospective buyers keep questioning whether or not there are problems with the property.

Other FSBO sellers don’t know how to get the exposure that they need for their property, and can’t draw in prospective buyers let alone the buyer’s agents that they are working with. Still others don’t find that they can stick out the process of selling a home on their own and give up.

You shouldn’t have to give up. Nor should you have to pay high commission rates to a seller’s agent. And you don’t have to.

With a flat fee real estate broker IHS Realty, you’ll be able to find the middle ground. You’ll find the help you need to price your home correctly and the exposure that comes with a listing in the MLS.

And the best part is that you’ll only have to pay a low flat fee.

Should you be a FSBO seller? While it’s not for everyone, IHS Realty provides all the tools you need to sell on your own. Take the time to see if those tools will help you to sell your home on your own.

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Get the tools you need to be a FSBO seller from IHS Realty
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Thinking about become a FSBO seller?

If you’re thinking about becoming a FSBO seller, there are some steps to take:

  1. Do your presale work: make repairs and fixes and price your home to sell.
  2. Get the tools that you need to market your home effectively - an MLS listing and marketing materials from IHS Realty can make a huge difference.
  3. Let prospective buyers get inside - schedule and hold open house events.
  4. Get ready for the negotiation process.
  5. Be prepared for the process that takes place when an offer is made.
  6. Understand the escrow process.
  7. Finish the settlement process and be ready to move.

These steps are each broad, but there’s plenty of information about each and every one available at IHS Realty.

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IHS Realty explains the 7 steps of the FSBO seller process
Internet Home Services Real Estate Blog

Sellling By Owner Means Doing Your Home Work

Preparation is the key to FSBO Success

It’s estimated that nearly 50% of home owner’s will attempt to sell by owner at some point during their lives. However, according to NAR studies, only about 15% of For Sale By Owners are successful.

Why the huge disconnect? Apparently most FSBO home sellers are not prepared for what’s involved in selling a home privately. Getting prepared to sell by owner means doing your home work. And that starts with setting a realistic price. Most FSBO seller’s think that they should set their price at or above the market because, they reason, "I can always come down later". As any real estate agent will tell you, this is marketing suicide.

Most traffic to a home for sale comes during the first few weeks of going on the market. After that, home buyers trickle through. The longer a home sits on the market, the lower the eventual sales price.

MORE INFORMATION on preparing a home to sell by owner.

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