| List Your Home for $1,000 Flat Rate |
For Sale By owner. Great concept, requires skill and a degree of luck. Did you know that for sale by owner properties are marketing to less than 20% of the available buyers of properties. The great disadvantage is the multiple listing service touches over 50% of buyers directly and drives the sites where buyers are looking.
The second aspect of the problem is everyone shopping a for sale by owner property is expecting a deal because a realtor was not used. Another reason why your net proceeds after expenses will be lower. For instance you have yourself offered at $300,000 and the buyer calculates you are saving 5% by not utilizing a realtor so they start negotiations as if you offered the house at $285,000.
The solution is to list your home for $1000 and pay the buying brokerage 2.5%. In this case you will have the opportunity to have total expenses of $1,000 if the buyer comes in without a realtor, or $8,500 if the buyer comes in with a realtor. This method is only for the serious seller because the $1,000 is paid up front with the completion of the listing and is non refundable. Potential to save $14,000 with the possible loss of a $1,000.
|
|
|
Did you know that 84% of homes are sold by Realtor
|
Sell your house for as little as $1,000
|
|
