For Sale Buy Owners (FSBO), do you truly know what the current market conditions are in your area? If not, please consult a Realtor to be properly educated on the Overall market. In Fayetteville NC (Fort Bragg) Real Estate market I have notice a tremendous increase of FSBO signs and registered members on the militarybyowner.com websites. The market is a buyers market in Fayetteville NC, but FSBO are under the impression that now is the time to brave selling your home on your own. A Realtor who is verses in marketing and pricing will price your home according to Current market value. Current is the key in the last statement. Realtors invest a tremendous amount of time Analyzing the Market, Training on the latest marketing Strategies, Networking with other Realtors across the country in order to List and Sell your home. In the Fayetteville, NC Market last year our area of Realtor listed and sold over 1.2 billion in Real Estate, this year we are behind the 2006 numbers and tracking near the 2005 numbers.
The decision to go FSBO is a tough one, the money you believe your saving may cost you more in the end. Ask yourself the below critical questions if your thinking about going FSBO:
1) Am I in a Sellers or Buyers Market? (Buyers Markets are tough on FSBOs)
2) The Marketing Plan I have, will it work? (Do I just have a sign and One website? - How much Traffic?)
3) How many other homes are on the market as FSBO?
4) I’m not offering a Realtor any commission if they bring me a buyer. (If your boss asked you to work overtime for free, would you?)
Whatever decision you make, please educate yourself in the following areas:
Contract Writing, Marketing, Negotiating Commissions, Security, Pre-Approval of your Potential Buyer versus Pre-Qualified, and What Liability will I have after the sell of my home
Eric Anderson, Team Leader
Keller Williams Realty - Fayetteville
EricAndersonNC@kw.com
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