Why SELL FSBO?
The true FACTS about real estate sales:
In the USA, 1 out of 3 properties are sold privately (without an agent). Regardless of what agents tell you, this is a fact. These sales include FSBO, sales to friends, family members, relatives, estate sales, auctions, etc. Buying or selling FSBO provides big advantages to buyers and sellers. It is easier, faster, and more convenient. We make it very easy for buyers and sellers.
FSBO is not “new”, people when people were selling log cabins years ago, there were no agents. FSBO has been around long before agents weasled their way into the mix. Their mission is make sellers believe this is a complicated task - selling your own property, when it is not. Recently, the internet has made them less valuable in the sales process, and more and more sellers are saying “your services are not worth %% or 6% or 7%! Agents are taught, and believe that buyers are dumb and sellers are dumb and you need them in the middle (for a hefty fee). The reason we exist, FSBO publishers, is because we believe buyers are smart and sellers are smart! You can do this yourself, and you do not have to pay huge fat commissions.
Real estate agent’s one listing service (MLS) does not sell nearly as much real estate as they lead you to believe. Nor does it provide any more “exposure” for your property, since it is not even available to the public. National statistics report that as many as 42% of their MLS listed properties expire or cancel without a sale. Today, 85% of home buyers shop the internet and they shop multiple web sites, not just one site like agents want you to believe.
Today, any buyer in the world, who uses any major search engine such as GOOGLE and types in For Sale By Owner, along with a geographical area, will most likely find one of our members! We provide you with more internet coverage than all other local real estate web sites combined, including local agent sites…that’s power!
For home buyers: We offer the world’s largest resource online for private buyers and sellers. Our member listings are updated daily online, so check back often. It’s easy to shop FSBO properties, simply find the home you are interested in, call the owner directly and make an appointment to see the property.
For home sellers: We offer the world’s largest resource online for private buyers and sellers. Locally, we offer everything you need to successfully sell your home for sale by owner! Our proven FSBO magazine and internet sales program allows YOU to not only match, but to significantly OUTPERFORM any agent’s best marketing effort. You’re in control, you call the shots, you keep your hard-earned equity for your family. Why pay commission?
Our history: Way back in 1996 we created this space. By space, I mean this online website that anyone can go to from anywhere and find - for free - unbias knowledge of homes for sale by owner. Our membership is the most knowldegebale resource on earth. Our years of experience helping tens of thousands of poeple buy and sell is pricelss. We also strive to build this FSBO resource that explains and “de-mystifies” the process of selling a home by owner. We began with an outrageous premise: average home owners, with virtually no real estate sales experience, without relying on any real estate “professionals” and who did not receive any “formal” real estate training, CAN sell their own property.
Up to then, a trillion-dollar industry had sprung up based on the notion that you cannot and should not sell your own property. They want you to rely a self-proclaimed “professional” agent with a fancy office, a listing service, sales assistants, cell phone, laptop PC, glamour photo and a big car to sell it for you. Billions of dollars in potential commissions was on the table, and agent’s marketing and messages were clear: “as just an average home owner, you do not have the knowledge and you are not smart enough to sell your own property.”
We believe that most homeowners are more than qualified to sell their own property. Our mission is to empower home sellers with the knowledge and tools to not only compete with the best agents, but to significantly outperform their best effort. Our customer’s 13 year track record of success proves we deliver. Our FSBO program works.
Today in the USA, approximately 30% of all homes sold are sold privately - without an agent involved. We see the largest real estate firms now beginning to offer reduced commissions, discount brokers offering reduced or even free listing services, and agents more willing than ever to reduce their outrageously high commission splits. One of our recent customers said that we were the cause of these reduced commissions because we create competition. She said, “do you think so?” I said, “certainly!” But we’re not malicious about it, and we’re not directly responsible. But it just stands to reason: everything we stand for, undercuts everything real estate agencies stand for - you need us.
We say ” you can sell it yourself - and YOU should keep the hard earned equity you’ve built in your property.” So, let’s watch together over the next couple of decades to see who’s right! Can we help you sell, commission-free, this year?
October 13, 2008 6:37 pm 3 Comments
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By Marilyn Esso, March 3, 2009 @ 6:35 pm
Hi.
This is good information for the fsbo seller. In fact the percentage of home owners going without a realtor is steadily increasing, thereby having a negative growth potential to the National Association of Realtors.
In some areas, Ohio for example the legislature has made it difficult for the non-Realtor to participate in the sale of properties via assignment of contracts. You now need a license to simply assign a contract.
It is all about control as the Realtor industry slowly loses its stranglehold on individuals and the investor-pro who generally is an experienced pro.
The same is true for loan modifications.
The loan modifications program are nothing new for HUD as it has been a requirement for lenders to offer these “mitigating” programs to troubled homeowners. I think the HUD officials have had to implement some kind of controls because it was starting to look like the loan modification circus–just as the “we buy ugly houses” had become. Everybody and his brother were the “expert” in loan mods and foreclosure rescue. Then they would take the money and run.
The challenge here is for steady paying homeowners to not feel gypped when they fail to qualify for a loan mod or bailout. It is a concern in Washington especially as home values continue to erode and wall street loses value.
One area of positive growth is the emerging rent to own industry. In fact, Freddie Mac has already mandated programs fir many home owners who cannot afford mortgage payments. What do you think? Will rent to own homes supplant “we buy ugly houses” as the next mantra?
Whether it is rent to own homes, fsbo, or loan modifications the homeowner is certainly capable of performing all of these functions for a potential buyer.
By Fisbo, April 20, 2009 @ 5:24 pm
Very informative and helpful! I didnt realize that 33% of properties are sold by FSBO’s. I expect we will continue to see this number increase as homeowners find it harder and harder to justify paying $20K commision to their real estate agent!
By List For Sale By Owner, April 29, 2009 @ 2:09 pm
There are countless advantages to selling by owner: its easier, faster, more convenient, and best of all - you save yourself the commision that you would otherwise be paying the real estate agent!