Keep in mind-there is a reason why Realtors have to carry Errors and Ommission Insurance. Selling a home has a lot of liability and that is why we are licensed and take continuing education credits all year long. What you save in commission by listing it yourself could cost you more in the end.
FSBOâ€™s net 27% less than if they were to list with a Realtor. Of the 2% of people that sell their home themselves, 30% go through litigation.
The selling home price for those that use a Realtor is 16% higher than those who donâ€™t.
Talk to a couple Realtors or consult a lawyer. Contracts are binding and you should have some representation. Good luck.
OK, first of all.....here is a correction from what was suggested below..........you can NOT post your home on Trulia as a for sale by owner.
Trulia only has listings posted via Brokers (and MLS feeds).
In order to be listed on Trulia, you'd have to list your home with a flat fee Broker, and offer a commission to a buyer's agent.
Or......you could write a blog about your home here, but that will soon be buried under new blogs that come along.
Zillow is different, however.......You can pay to list your home as a "for sale by owner" on Zillow . The information is on that site.
Otherwsie, as was already mentioned..................there is:
Selling your largest investment shouldn't be taken lightly. More so than how to go about marketing a For Sale By Owner property, you should really nail down the why. If it's to save commission, I pose this question to you - is it more important that you don't pay a Realtor or that you put the most amount of money you can in your pocket at closing. If it's the second, most of the time a savvy agent will work for you saving you time and headache, and net more to you than if you sold the home yourself. It's something to consider. I've successfully helped sellers like you, and would be happy to speak with you further should you be considering the right agent for the job.
Jaryd has the right idea when it comes to posting your home on these websites since the majority of home buyers begin their home search on the internet.. You might also try http://www.ForSaleByOwner.com.
There are basically three keys to selling a home: location, condition, and price. Location you cannot change; however you can have an effect on condition and price. You may want to have a Realtor do a market analysis for you to make sure you are pricing your home correctly. I'd be happy to do that for you if you'd like.
Home Inventory is at historically low levels. You've picked a great time to put your home on the market. Good luck to you.
Your Castle Real Estate
I have tried for two hours to post my FSBO add.
I have been repeatedly sent error messages. I have gotten three new passwords.
I keep getting returned to the sign in page or create a new account page.
Even when I put in my city and state EXACTLY LIKE THEY HAVE IT IN THE DROP DOWN MENUE I am given an error message to "please enter a valid location.
I am simply looking for a link to post my copy and photograph and heading and contact information, but I keep going around and around in circles!
It's just filling out paperwork and sticking a sign in the yard?
No - not even close.
Even the owner of one of the larger web sites had to swallow his pride and hire a Realtor.
Trulia does not include FSBO.
Google the subject. And good luck.
If you do still try to go at this as a FSBO, please note that our inventory levels are at an all time LOW!! Over 40% of listings in the MLS are under contract right now. We are literally running out of houses to sell.
If you need any assistance in getting your home sold, I would be happy to sit down with you and discuss some strategies specific to your home!
Best of luck to you!
Your Castle Real Estate
p: (720) 988-5952
If yous till decide to go at it alone. Buy a FSBO sign, put it in your yard and then advertise as much as possible. Expect to pay 2.8% of the sales price if you want agents to bring buyers. Refusing to do this eliminates about 95% of potential buyers. Expect many calls from agents trying to get your business. And most importantly expect to finally give up and list with agent anyway as most FSBO's end up doing.
I like to think of the math. How much is your mortgage payment? Is there and HOA? Start adding up everything it costs to own your home each month. When you have that number then think about the average home in the Denver Market that is listed by a professional is listed for only 30 days or less right now before going under contract. Every month you have your home listed as a FSBO is costing you money.
Modern Real Estate
Unlike some of the other agents here, I'm not going to try to talk you out of trying to sell it yourself. It certainly can be done. Give it a try. If it works, great.
Hope that helps.
Stats show that over the past years the percentage of FSBO sellers has dropped. National Association of relaters reported 11% of sale transactions to have been FSBO through the last set of data that they have collected.
Sawgrass Players Club, Ponte Vedra Beach, FL (walk to the TPC At Sawgrass from our home).
actually, it really would be nice if posters stopped back and updated their situations - most don't....I am sure we'd all like to know if this person was successful or not!
Most of the time we offer advice, but never know what the final outcomes are!
Team PowerHouse Denver
Tracy Shaffer, Broker Associate
YOUR CASTLE REAL ESTATE
Regarding Craigslist, there have been security issues and as a consequence, we're hearing complaints about false information being inserted in the classified ads there. You will want to monitor your information if you use Craigslist.
I'll back up the others on the claims of marketing strength. We build expansive networks over the years. Brooke Hengst's comment about inventory getting scarce is true.
I encourage you to call several agents to hear their take on market conditions and time on the market.
Best of luck.
I gave Cory a thumbs up below although I have seen figures not nearly so high. One thing I always remind potential FSBO's is that we Realtor's have million dollar Errors and Omissions insurance and ask how much they have. It is not nearly as easy as it looks to sell a home these days as it looks, even with the experience, expertise, and technology we as Realtors have in our arsenal. Stapleton is one of my areas of expertise and I live just five minutes away in Park Hill. Let me know if I can help.
Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct â€“ 303-669-1246
Thousands of closed real estate deals over decades and I can count on one hand the number of purchases that did not have at least one Realtor involved. My closing attorney told me they account for about 1% of her volume, way more than my percentage. However, she also told me that out of that total number 98% of those were between relatives. I thought that was very interesting. I have never heard anyone before break down a profile on a FSBO.
Most of the Realtors I chat with on a deep level confide they are not aggressive about working with FSBOs because they end up doing all of the work for half the money. Not saying that is right or wrong, just passing on what I have been told.
1) How will you advertise your property? There are a number of sites that you can post it for free but generally the most exposure is having it posted to the MLS. Some of the FSBO sites will post on the MLS for a fee. You will also want a professional sign with flyer box and possibly a website that people can find out more information about your house.
2) How will you allow people interested in your home to view it? Do you have a flexible schedule that you can meet every showing and answer phone calls about your house? If you have kids, you will also want to think about having them go somewhere during a showing.
3) Do you know what price you will list your house? Unfortunately, sometimes buyers will lowball a FSBO because they think that there is not an agent involved so they can pay less for the house. Not always the case but just something to think about. You also will want to see how your house stacks up against existing homes in Stapleton and new builds. A real estate agent can provide you with a Comparable Market Analysis that will give you a range of what your home is worth.
4) Is your home ready to show? You will want to do a thorough walkthrough of your house (or even better yet have a friend do it) and declutter and do basic repairs.
5) Are you offering a coop (meaning will you pay the Buyer's agent a commission?). Not offering a commission to the amount of traffic you will get from qualified buyers using an agent.
6) Are you familiar with all the paperwork for selling a house in Colorado? Buyers will expect a Property Disclosure, Square Footage Disclosure, etc. You also will want to make sure you are familiar with a Colorado contract so you know what to look for in an offer. You will also want to become familiar with the deadlines once an offer has been submitted.
7) What title company are you using and do you know the HOA fees for transfering the property? Buyer's will expect title insurance and there are a few title companies that do specifically FSBO.
Good luck and feel free to contact me with any questions about the process or if you would like a free CMA.
Cherry Creek Properties LLC
I would create a profile in Trulia and click on My Listings. There should then be a submit listing tab that you can click. I would also suggest Zillow, make me move or Craigslist to sell your home.
What model are you selling, what builder? I am with NPRE and we have a lot of buyers in the Stapleton area.