Quite often, owners of real estates prefer to sell their properties without the help of a realtor. In the United States, this is termed as ”for sale by owner”, or FSBO. Thirty percent of homeowners in the United States attempt to sell their properties on their own. This enables owners to save up to 6%, which they would have paid as commissions or brokerage. While this rationale makes a lot of sense to many owners, it can often be difficult to sell a home without the larger network of a real estate dealer. However, an informed and determined seller can make a fair return on investment by finding a buyer on his own.
Prior to the Internet age, certain companies assisted FSBOs sell their homes on a non-commisionable basis. These companies used aggressive advertising techniques and provided free computer listings. With the spread of the Internet these companies created their own Web sites and expanded their listings.
Selling a home requires an intimate understanding of the real estate market and its dynamics. Determining its market value is an important step towards getting the right price. A wise decision is to spend on advertising through newspapers and spread the news by word of mouth publicity. It is estimated that one third of FSBO sales go to an acquaintance of the seller. Some realty firms in Sarasota exclusively represent buyers and do not charge a commission from FSBOs.
Sellers may take the help of an appraiser to determine the correct value of their property. The appraiser provides an unbiased, independent assessment of the subject property and is paid for his or her service whether or not the loan closes. A State Certified General Appraiser is certified to appraise commercial, industrial, multi-family and residential properties. Visible yard signs and flyers with color photos go a long way in attracting the attention of prospective buyers.
With sound knowledge of the real estate market and a marketing plan in hand, FSBOs do not find it difficult to find a buyer in Sarasota’s market.
Sarasota Real Estate provides detailed information on Sarasota Real Estate, Sarasota Pre-Construction Real Estate, Sarasota Real Estate Marketing, Sarasota Real Estate For Sale By Owner and more. Sarasota Real Estate is affiliated with Minnesota Commercial Real Estate.
Source: www.articledashboard.com
