Selling your home for sale by owner (FSBO) is possible as long as you position it in a way that attracts the type of qualified home buyers that you are seeking. According to the 2011 National Association of Realtors (NAR) annual report on home buyers and home sellers, one third of FSBO sellers took no action to market their home, and 59% did not offer any incentives to attract buyers. If these were the only steps that you took in order to help you sell your home then you would be far ahead of the field of other FSBO sellers.
Overall, FSBO sales declined to 10% of sales transactions in 2011 with only 7% of suburban area transactions being FSBOs (small towns and resort areas have higher rates of FSBO sales). We want to introduce ourselves to you as your local real estate experts who understand what it takes in order to market and sell homes for top dollar. We want to provide you information and resources in order to help you achieve your desired outcome as you attempt to sell your home by yourself. Check out our blog at BigDBlog.com for constantly updated information that will help you make a wise home selling decision. We're available to assist you however we can, please feel free to reach out to us or fill out our signup form and we will get in touch with you promptly.
Real Estate Video About Selling a Home For Sale By Owner (FSBO)
This educational real estate video is about the process of selling your home FSBO or For Sale By Owner. This process can be challenging, but it is not completely impossible. FSBOs that do end up being sold by owners tend to usually sell for 9% less than homes sold by professional real estate agents. This happens for a few reasons. First, FSBOs generally aren't marketed to their fullest potential which limits the homes exposure and chance to reach the widest audience. Second, the showing process is usually awkward for a potential buyer since they feel like they can not be critical of the property. Finally, the transaction details are complex and can turn costly without the proper guidance. Without the proper resources and guidance to help you get the property sold safely, ethically and legally selling your home by yourself can turn into a challenge.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Overview of Selling Your House
This real estate video gives an overview of the process of selling a home. If you're not selling it by owner you'll want to choose a trusted real estate professional. You'll want to review the agents marketing plan and game plan for getting your home sold for top dollar. Then, you'll want to agree on the price that you're willing to accept and think about how you'll prepare the home for the sale. After you have an accepted contract it could take a few more weeks before everything is completed so during that time you'll want to decide if you will be buying another house or renting. Then all that's left is to decide when the house should be packed up and ready for your next move.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Closing Costs
This real estate video discusses the topic of closing costs. Closing costs are the financial commitment that each party has made that will be settled up at closing. Closing costs consist of the items that will be required to legally and ethically transfer ownership of the homes title. Sellers generally pay the sellers title policy and buyers tend to pay their loan related fees. Keep in mind that all closing costs are negotiable.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Earnest Money Explained
This real estate video discusses the topic of earnest money. After committing to the price the home buyer is willing to pay for the purchase of their new home in the contract, they are agreeing to the earnest money that will be put up in order to demonstrate to the home seller that they are a serious buyer and are committed to the transaction. Earnest money is typically 1% of the purchase price. The conditions of the earnest money are written into the contract and as long as everything goes according to plan and the buyer buys and the seller sells the earnest money will be applied to the buyers closing costs.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Surveys Explained
This real estate video explores the concept of surveys. Any type of land that will be transferred from one owner to another will need a survey, including residential, land, farm and ranch. The survey is a simple concept, but an extremely important one. It's basically the document that dictates the boundaries and foot print of a property and dictates what is owned. A surveyor will create a sketch of the property outlining the physical boundaries of the property. This may include a fence line, or easements that the city may have utilities in. In a residential real estate transaction, a seller can use a previous survey that they may have had created when they purchased the home, which can save a few hundred dollars.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Pre inspections Explained
This real estate video is about pre-inspections, which are a little different than standard home inspections because they are done by the home seller instead of the home buyer. A home seller would hire a professional home inspector to come out and fully evaluate the home in order to determine what things should be corrected before putting the home on the market. The main benefit a seller receives from a pre-inspection is that they get a chance to remedy any problems before a buyer sees them and begins to worry that the problem could be much worse than it actually is. Pre-inspections end up saving the seller money in negotiations.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Inspections Explained
This real estate video covers the topic of home inspections. When a potential home buyer makes an offer to a home seller and they accept, they go under contract. The buyer then gets a chance to inspect the general systems of the house. The purpose of the home inspection is to ensure that there aren't major safety hazards, problems, or costs that the buyer will inherit at the time that they purchase the home. All homes will have some problems because no home is perfect. The inspection report will have items that may need to be addressed but the thing to keep in mind is that the buyer should really focus on the major issues involved with the home and not all the small details that can be corrected inexpensively over time.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Residential Real Estate Title Companies Explained
This real estate video discusses title companies. Depending on the state, either an attorney or a title company will be used in order to verify the chain of title. Title companies issue title insurance, which guarantees the chain of ownership to make sure that it is clear and that no one will show out of the blue and claim that they still hold the title to the house that you're living in. Title companies are where you will go to actually sign your paperwork in order to gain ownership when you buy or sell a property. It's not legally set who gets to decide which title company will be used. The title companies other function is to handle the flow of finances. At the time of transfer or ownership or transfer of title, the title company will transfer the correct amount of funds to the different parties that are owed and ensure that everything is completed ethically and correctly.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
An Overview of Home Staging
This real estate video is about the process of staging a home for sale. Staging is about positioning the home in the most favorable light in the prospective buyers eyes so that they assign the highest level of value to the property. A certified professional stager can help you stage your home so that prospective buyers find the home attractive and desirable. In most markets, a professional staging has been shown to raise the average sale price by 5-7% and sell the home 20% faster than a non-staged home.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Marketing Homes For Quick Sales
This educational real estate video is about marketing your home for a quick sale. The most important thing you can do to sell your home quickly is to price the home very attractively. You'll also want to present the house in the best light right from the start. The marketing needs to communicate that it's a quick sale, such as "home available for a quick close" or "home available to cash buyer". Don't forget to take advantage of sites that offer free advertising, like Craigslist.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Real Estate Video about Marketing Your Home for Max Profit
This educational residential real estate video is about marketing your home in order to sell it for maximum profit. One of the most important factors to consider in order to get maximum profit out of your home is how it's positioned. You want the home positioned in such a way as to elicit the response from home buyers that it is positioned at the top of the market. This can be accomplished in part through home staging, which can make the home look as best as it possibly can be. You also want to focus on how you will negotiate on this home. Be conscious of how you are communicating to your prospective home buyers. You also want to create a large pool of home buyers in order to be able to identify the one home buyer that can't live without your home. Once you've accomplished these three things you'll want your Realtor to communicate this to as many people and places as possible. Use all the major real estate websites but don't forget to take advantage of the free sites too.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Working With a Residential Real Estate Team
This educational real estate video will be able the value of working with a real estate team. One of the benefits that you'll receive by working with a real estate team when you buy or sell a home is the access to different personalities, skills, gifts and knowledge that comes from the various members. Some of the other benefits that you can receive by working with a real estate team is the added flexibility of the different members availabilities. Also, a cooperative team is able to help each other when they encounter a situation that they may be some what unfamiliar with because they're best interest is in helping their team member serve the clients to the highest level. There are countless benefits to working with a real estate team but these are a couple of the biggest factors.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip
Finding a Real Estate Agent to Help Sell Your Home
This educational residential real estate video is about finding the right real estate agent to help you list, market and sell your home. You first want to identify your needs and begin to interview a couple of different agents. You'll want to ask anyone who you interview how they plan to market your home to buyers. You want to make sure that they are allocating their marketing funds to the most beneficial services. You want to find out what their ratio of listing to sales prices is which is the price that they list a home for and the price that the home actually sells for. Maybe most importantly, you want to identify whether or not you like and trust this person since they will be assisting you in a very important financial decision.
Todd Tramonte
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
Real Estate Author of Live Free: The Art Of The 2-Year House Flip