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According to NAR, 78% of homebuyers who searched
for homes online in 2003 purchased their home
through a licensed real estate agent. The
opportunity to receive multiple offers from
potential buyers dwindles significantly when a
FSBO does not make their property available to
buyer’s agents.
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According to a recent NAR study, FSBO properties
sold for an average of $145K vs. the industry
average of $175K. This gap virtually eliminates
the cost savings that a FSBO might receive.
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A recent survey showed that four in 10 home
buyers now use the Internet to shop for their
next home. That's an eighteen-fold increase over
a similar study four years ago. Yet FSBO
properties are not marketed on websites that
most homebuyers typically utilize to search for
a home. And most of the nationally recognized
online real estate publishers such as
REALTOR.com®, MSN and AOL don’t
publish FSBO properties. A FSBO simply won’t
get the exposure necessary to receive optimal
offers. By listing your property with me,
however, your property will appear on www.RestainoBunbury.com
(attracts over 900 unique visitors per day), as
well as www.realtor.com,
www.wisconsinhomes.com,
www.jolenta.com
and www.madisonrelocation.com.
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Safety is an issue that’s often discussed in
the FSBO business. Do you know who is coming to
their door? A REALTOR® does. Are you
prepared to be interrupted with phone calls at
any time during the day or evenings and
potentially drop everything (including arranging
for childcare) to show your house on short
notice?
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Do
you know how to pre-qualify potential buyers
before you go to the trouble of showing them
your home? Would you rather
have complete strangers with no proof that
they’re actually qualified to purchase your
property come into your home or would you rather
have me, a licensed REALTOR® with
only pre-qualified, pre-screened clients, coming
into your home?
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Are you prepared for the mounds of legal
documents that will have to be processed? Are
you experienced at following up with lenders and
title companies to ensure a smooth closing?
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Do you understand how to price your home? Price
it too low and you will lose money. Price it
high and you’ll have trouble selling. As a
licensed REALTOR®, I'm in a much
better position to determine the fair market
value of your home .
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Are you able to negotiate without being
emotionally attached to your home? Are you
willing to follow up with potential buyers and
agents to obtain feedback on showings? Will you
be able to take constructive criticism into
consideration and handle feedback objectively?
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Are
you experienced at writing ad copy? Are you
prepared to write creative, effective
advertising and pay to have it appear on a
regular basis in a variety of local print media
as well as online?
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Do
you have the design skills necessary to show
your home in its best light? Do you have the
discipline to throw out or put away items that
may be cluttering your home and preventing it
from showing to its best potential?