Posts Tagged ‘For Sale By Owner’

The True Facts About Selling By Owner By Serge Bourgoin

Monday, September 29th, 2014

real estate edmonton homes condos

Most people who try to sell their home themselves generally do it to save paying a commissions. But that is an illusion as you will see in the statistics provided below.

One thing that For Sale By Owners fail to think about is why a buyer would want to buy a home being presented by a For Sale By Owner? The obvious reason is to save the commission. 

So how can both parties save the same commission?? Often a buyer who want to make an offer to a For Sale Buy Owner takes the asking price and reduces it by what commissions would normally be. There is no advantage to the seller.

edmonton homes for sale

As a matter of fact here in my marketplace of Edmonton I know that a significant portion of the For Sale By Owners either end up listing their home with a real estate agent or have their home sold by a real estate agent where the For Sale By Owner still ends up paying a commission.

If you are likely to pay a commission anyways wouldn’t it make sense to have someone to give you proper advice, get the highest selling price possible, with the fewest inconveniences? 

Call us today at Team Leading Edge and ask us how we can get you the highest selling price, with the fewest inconveniences and problems.  We can be reached at 780-634-8151

edmonton homes condos for sale

For Sale By Owner (FSBO) Statistics
•FSBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales. Which means real estate agents get you higher selling price and more money in your pocket.home for sale by owner

•FSBO methods used to market home:
•Yard sign: 36%
•Friends, relatives, or neighbors: 28%
•Online classified advertisements: 16%
•Open house: 14%
•For-sale-by-owner websites: 13%
•Social networking websites (e.g. Facebook, Twitter, etc.): 7%
•Multiple Listing Service (MLS) website: 7%
•Print newspaper advertisement: 7%
•Direct mail (flyers, postcards, etc.): 1%
•Video: 1%
•Other: 2%
•None: Did not actively market home: 32% 

homes condos fsbo

•Most difficult tasks for FSBO sellers:
•Understanding and performing paperwork: 18%
•Getting the right price: 13%
•Preparing/fixing up home for sale: 12%
•Helping buyer obtain financing: 3%
•Attracting potential buyers: 3%
•Selling within the planned length of time: 7%
•Having enough time to devote to all aspects of the sale: 6%

Tags: , , , , , , , , , , , ,
Posted in Trending | Comments Off on The True Facts About Selling By Owner By Serge Bourgoin

‘For Sale By Owner’ founder sells his home… using a real estate broker

Tuesday, April 2nd, 2013

Colby Sambrotto, who founded a website for DIY-real estate, just sold his Chelsea apartment for $2.15million

The founder of a website helping people to sell their own homes has found a buyer for his own apartment – with the help of a traditional real estate broker.
ForSaleByOwner.com creator Colby Sambrotto even paid the standard 6% commission after selling his two-bedroom New York condo for $2.15 million.

According to the Wall Street Journal, Mr Sambrotto spent six months trying to sell the apartment in trendy Chelsea through online listings and classified adverts.

But the DIY home selling guru eventually decided to turn the sale over to a professional.
Not only did broker Jesse Buckler set the price $150,000 higher than the  original asking price, he went on to lure the elusive buyer Mr Sambrotto’s self-help methods had failed to attract.

The Journal said the 2,000-square-foot apartment at The Lion’s Head building near Sixth Avenue is now under contract.

The apartment in question: Colby Sambrotto, founder of ‘For Sale by Owner’ sold his Lion’s Head Building home via a real estate broker

Practice what you preach? Mr Sambrotto couldn’t sell his house by himself – despite making a fortune by advocating for the method Mr Buckler claimed the owner wasn’t asking enough for the apartment and was consequently attracting the right buyers.

Broker Jesse Buckler encouraged Mr Sambrotto to increase the asking price of the apartment as a sales strategy

‘At first he wouldn’t let me increase the price,’ said Mr. Buckler. ‘I told him I know what I am doing—the market is picking up.’

Mr Sambrotto bought the apartment for $2 million in 2007, a year after he sold his ForSaleByOwner.com website at the height of the real estate boom.

Read more: http://www.dailymail.co.uk/news/article-2022112/For-Sale-By-Owner-founder-sells-home–using-real-estate-broker.html#ixzz2PK32xuzH
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Tags:
Posted in Real Estate, Real estate news | Comments Off on ‘For Sale By Owner’ founder sells his home… using a real estate broker

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.