For Sale By Whom?
FSBO and MLS properties in Orangeburg SC-
[As a member of the National Association of Realtors, I provide this article to web viewers]
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Economist's Commentary: March 12, 2008 |
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FSBO Sellers Decreasing The percent of FSBO Sellers has steadily decreased in the last 10 years. In 1997, 18 percent of sellers sold their home without using a real estate agent. In 2007, the portion of FSBO sellers decreased to 12 percent. During this time, the percent of sellers who sold their home using an agent or broker has steadily increased. FSBO sellers recognize the benefits of using an agent and that selling a home often needs professional assistance. More than 40 percent of FSBO sellers sold their home to someone who they knew. For these FSBO sellers, less than five percent were assisted by an agent. However, FSBO sellers who did not sell their home to someone who they knew, nearly one-quarter were assisted by an agent in the sale of their home.
For FSBO sellers, who at first were not assisted by an agent, but later were, their selling price was typically lower and the number of weeks on the market was longer, than those who were assisted by an agent all along. Ironically, FSBO sellers who originally were selling their home solo, but later assisted, were most urgent to sell their home than any other type of home seller. FSBO sellers know the challenges of selling a home solo, such as understanding and performing paperwork, preparing and fixing up their home for sale, and selling their home within the length of time planned. This group of home sellers needs the help of a professional agent to help them with their home selling needs. |
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If you see a home where the sign says "FOR SALE BY OWNER"- call John and he will provide tons of information- based on facts and not a biased presentation.
(If you have already signed an agency agreement with another agent you are encouraged to call that agent and inquire about FSBO homes or others.)
John will not be working for the seller. John Kneece will be working for you the buyer. (Guess who pays for that service) The sellers have chosen to limit the exposure of these fine homes and therefore your chances of being the new owner are enhanced greatly. We have noticed that FSBO signs are up but the sellers are out of the home and you get an answering machine- John Kneece will call them during the week and make arrangements to show you the home at your convenience.If you know of a home you would like to make YOUR home, contact John Kneece- even if it is not being marketed by a professional. He knows how to get things done!
FSBO- that is, For Sale by Owner properties still are by law supposed to adhere to many of the rules which licensed agents follow- it is my experience that some self-proclaimed 'home marketing experts' are skipping some steps.. like the ones that say the seller has to provide a "property condition disclosure' and the fair housing rule that says they cannot discriminate because of race even when they are selling their own home.
John Kneece welcomes your questions and comments. Send your e-mail to: info@johnkneece.com
http://johnkneece.blogspot.com/
http://associates.era.com/orangeburghomes
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