American for sale by owner sellers speak out

More and more people are choosing
to bypass traditional real estate agents and sell their homes themselves.
Indeed, the Marietta Times recently
reported that ‘thanks to an expanding array of websites, appraisal tools and
advertising mediums, people are more capable than ever of selling their homes,
cars and valuables without the help of a professional.’

While there are some
disadvantages to selling property online without an agent, the cost savings
often outweigh these, as we see next.

Old fashioned marketing and a dedicated web advert can work

One of the main criticisms of
adopting a ‘for sale by owner’ approach is that FSBO sellers do not reach the
same number of potential buyers as people who list their home via an agent.

According to the website for the
US National Association of Realtors, most realtors will not show FSBO houses.
The website also states that ‘for sale by owner’ homes are not allowed to be
listed on multiple listing systems, which show houses from all registered
realtors.

Marietta resident Myron Callihan
admitted that listing their home on a ‘for sale by owner’ website hadn’t
reached as many potential buyers. He said: “We didn’t get as much exposure to
the market as if we had gotten a realtor.” However, the Marietta Times reports that ‘the benefits of not having to deal
with a realtor or pay a typical 6 percent realtor commission outweighed the
convenience of a fast sale.’

“We weren’t in a hurry to
sell it. I don’t see the need to get a realtor involved if you don’t have a
timeframe,” Mr Callihan added.

Author :

Nick
Marr

Homesgofast.com help owners of international real estate advertise to a global audience