For Sale by Owner Properties:
As a Professionally Licensed Real Estate Consultant with many years experience behind me, I work directly with sellers and purchasers to assist in placing the right buyer with the right home. Most sellers as well as buyers prefer to have a professional representative, working specifically on their behalf, to assure them of a legal and professional transaction.
Most people are not involved in property sales on a daily basis as a Professional Realtor is. With the ongoing changes in real estate regulations and disclosure laws, Realtors are required to take continued education classes each year to keep up. With that in mind, I work hard locating the right property for each buyer and processing the transaction in a professional manner to assure a safe, secure and rewarding transfer of ownership for each party involved.
Approximately 11% of sellers will attempt to sell their home as a "For Sale by Owner" also known as FSBO ( Fizbo ). Out of these sellers, statistics show that more than 85% will contact a Realtor after one year of trying to sell their home on their own. When all statistics are calculated, approximately 2.2% to 3.5% of homes will sell as a FSBO. More than half of those FSBO's selling, will have a professional Realtor representing the purchaser.
Having a professional representing the transaction on one side is known as a either a Buyers Agent or a Sellers Agent. When an agent represents both sides, it's known as either a Dual Agent or Transaction Coordinator. An agent working for both parties must ( by law ) have written permission from both parties referring to full disclosure of the agency relationship.
As buyers seek properties, they first start their search ( typically ) by searching on-line or driving around neighborhoods. Once a buyer finds a few properties confirming their intent is realistic in finding a new home, they call on a professional Realtor to assist in finding the multitude of homes available to them through the MLS. The agent then searches all of the properties listed on the MLS and proceeds in showing the buyer potential homes to purchase.
Properties marketed as FSBO’s do not show up on the agents MLS system. These homes have extremely limited access to the full market of potential buyers seeking homes matching the criteria that their specific home has to offer buyers.
The largest reason a seller decides to attempt to sell their home as a FSBO is the commission due to the professional performing the paper work and assuring proper and professional performance of the transaction. Most FSBO sellers will agree to pay the buyers agent 3% but hesitate on paying for the marketing professional that exposes their property to potential buyers.
The amount of money they save by marketing the home themselves is around 3% typically, then the seller has to schedule and perform all of the showings, market the home on a multitude of web sites ( which is not free ) and lose the 94.3% of the available potential buyers that will not consider purchasing a FSBO marketed property.
After agreeing to pay 3% to a buyer’s agent, this brings their true potential income from the property to a statistical loss of 9.3% of the true marketable value due to the lower price needing to be accepted by having fewer buyers placing offers. The loss is far greater than the commission lost by paying the 3% to the marketing professional Realtor.
How Can I Assist FSBO Sellers?
While professionally marketing properties is a large portion of my job, I can also assist For Sale by Owner sellers when they agree to allow me to simply bring the buyers to their home, with a 3% commission agreement. This helps my buyer clients by allowing me to show them homes that we otherwise would not have found on the MLS. This helps potential FSBO sellers with a marketing tool beyond just putting it on a few web sites.
The listings found on my website connect with over 650 other websites. Exposure is multiplied immensely to those potential sellers. If I bring a buyer to a FSBO marketed property, I will be representing the buyer, yet also I can assure to each side, that the process of transferring ownership from the seller to the purchaser is performed professionally, safely and securely. This helps both sides of the transaction to understand that nothing will be missed in the process.
If you own a property that you feel could sell; with you as the marketing manager and would like to expand your exposure by connecting to a large mass of professional web sites, contact me and I will show how I can assist you with this web site for a buyers commission of only 3%.
If you do sell your home without my assistance, you pay nothing to me. By exposing properties to my buyers, helps my buyers in finding the right home. I am performing my job for my client’s best interest in finding more properties to choose from by offering this to potential sellers. If the potential FSBO seller later decides to ask me to market their home on the MLS, I will offer a free Home Warranty on any property that sells for over $175,000. How can you beat that?
The Home Below is being Featured as an Exclusive Listing by Wes Brooks. The seller would like all showings and offers to be presented by Wes Brooks. This is not on the MLS by sellers choice for privacy reasons. If you would like more information or request a high light sheet; e-mail your request to wbrooks@cbshooltz.net. Thank you.
 Lake Orion, Michigan.
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