With numerous factors to consider such as open houses, advertising, pricing, negotiating and handling inquiries from agents and prospective buyers,selling a home can often be be a complicated, time-consuming process that is exhausting and - unfruitful. Many private seller's report the familiar grief after an open house: "I got lots of people, but most were just looking." "They wanted it for a song." In fact, almost 85% of private sellers do eventualy list with a real estate company.
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The plain truth is that if it were really as simple as putting a sign on the lawn and an ad in the paper to get the highest possible market price from a qualified buyer in the most efficient way possible, the government would not require real estate agents to be licensed and take years of training.
You may be thinking, "yeah, but why would I need a real estate agent to sell my home?" Let me give you just a few of the key reasons why a For Sale By Owners need a good agent like Terry Mitterer of RE/MAX Little Oak Realty:
- Without working day in and day out in the real estate market it is quite unlikely that a FSBO will have complete market knowledge. Often private seller's price their homes LOWER than they should and/or accept less money for the home when they are brow beaten down by a savy buyer - "After all, you are saving all that commission..." When Terry goes to work with you he ensures you receive the most current and detailed market analysis to GUARANTEE your home is in an OPTIMUM market position. Terry will sell your home FAST, and in the majority of cases for MORE than you would get on your own thereby covering his fee.
- property depreciates the longer it is on the market. Many owners fail to take advantage of this excitement by limiting the market to their immediate contacts and advertising. Terry ensures your home is advertised 24 hours a day until it is sold. The Home Marketing System is constantly being tested and improved to ensure your home is exposed to the largest pool of QUALIFIED buyers.
- The two most common people who prey on FSBO's are:
#1. Investors/Bargain Hunters: these people who are looking to capitalize on a FSBO'S lack of negotiating experience and market knowledge to score their next deal. Any time a buyer doesn't buy from a store or through a sales person they expect to pay substantially less. In a sense they would expect to save the sales commissions or profits that would normally go to a sales person or store owner. Why should someone do all the work a salesperson would do and still pay the same price? For example if the seller is trying to save six percent and the buyer is trying to save six percent, now they are 12 percent apart!
#2. People who can't qualify to buy your home: These people will often approach FSBO's because they have had previous financial difficulties and would want the owner to finance them. While for the right person, this could be an profitable investment, most sellers need to pull as much equity out of the property as possible to be able to move on with their next home.
Terry and his team ensure that only prospects who can qualify are introduced to your home. This eliminates the hastle of "lookers" and non-serious buyers and reduces the chance of strangers who may have activities in mind other than buying a house will come. Terry also has some of the best mortgage brokers in the industry working with his team who can pull the necessary strings to help finance a purchase.
- Did you realize that any time a private seller is away from home, the home is off of the Markey? Terry and his team guarantee that someone will always be available to handle and follow up with inquiries during both peak hours and off-peak hours.
- A seller selling privately can expect to put a minimum of 80 hours "work" into the project, without a guaranteed result. This does not account for out-of-pocket expenditures such as advertising, lawn signs, etc. Selling a home CAN be extremely stressful! Terry and his team take care of the details, from the first step of marketing to the final sale, so you can continue on with your life.
Did you know that when you choose to list your home with Terry, you are getting the most professional, most reliable real estate team in Abbotsford? Terry provides state-of-the-art professional service to home sellers, just like yourself. In fact, choosing Terry will likely save you money. That's because your home will be priced correctly, you receive 24-hour advertising until it is sold, and you'll be placing your home before the most qualified potential buyers. Why settle for anything less than the best? If you have considered selling your home by owner, Terry would love to sit down with you and discuss your decision, WITH NO OBLIGATION!!
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GET A FREE HOME MARKET EVALUATION |