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Why 'For Sale By Owners' Crash And Burn Right Out Of The Gate

By
Real Estate Agent with Joe Manausa Real Estate 8508880888

If you have been thinking about selling your home without a Real Estate Agent (selling FSBO ... For Sale By Owner), you should know that you really can do it on your own.

The key is to do the things that a top real estate agent would do for you, so that you can reproduce the results you would achieve with a Realtor, while saving on the fee that you would have to pay.

But there is a serious mistake made by the majority of FSBOs right out of the gate that all but guarantees that they will fail. Please, avoid this mistake.

The Big Mistake

For Sale By Owner PricingThe image on the right is a screen capture that I took last night from Zillow.

They have a feature called "Make Me Move," where a property owner identifies the price at which they would be willing to sell their home. It's a great idea if used correctly ... but ZERO out of the THIRTY FIVE listings that I examined on Zillow had a chance to sell. Why? Take a close look at the image.

The first price listed is what the seller wants, the highlighted price is the estimate of value provided by Zillow. This "Zillow Zestimate" is not typically accurate, but can you tell something that is common among all 8 properties shown?

They are all asking more than Zillow says the property is worth. Do you really think this is going to bring buyers to your door? It's basically making this statement for you ... "My house is worth $189,000, but if you pay me $210,000, I'll let you have it!"

Seriously? It's no wonder most people fail to sell their home without a real estate listing agent.

Real Estimate Of Value

Did you know that you can get a more local estimate of value (with no strings attached) by using our property valuation tool?

That's right, computers are great, but they are not filled with the information needed to provide an accurate home valuation.

They do not know whether or not you've made improvements. They don't know how old your roof is, how old your heating and cooling system is, and whether or not your house is in top condition. But we do!

Why We Provide A Free Home Valuation

You might wonder "what's in it for us" to provide a free valuation of your home.

It's simple. We know the majority of people do not have the time or resources to successfully market their home for sale, so when they hire an agent, we want to have earned the right to interview for the job of selling their home. We offer a free, no strings attached, property valuation to anybody who asks.

For those that do the work, they will sell their home. We hope they will speak highly of our willingness to help, even though they were able to sell without us. For those that do not have the time, I think they will be impressed with our knowledge, professionalism, and accuracy at determining their home's value.

How To Sell Your Home As A FSBO

FSBO e-BookWe not only provide a free market valuation for your home, we also provide a free (no strings attached) book on how to sell your home without a real estate agent. Again, we feel that you will value the information, and if you cannot use it, you will give us an opportunity to interview for the job of selling your home.

You can download the e-book and receive it immediately by clicking on the image on the left.

We truly wish you the best of luck selling your home, and please don't hesitate to request a free home valuation. It will get you started on the right foot.

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Joe Manausa Real Estate
1934 Dellwood Drive
Tallahassee, FL 32303
(850) 366-8917

Comments(2)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Zestimates are a real piece of insanity ....Pricing is key but Zillow in this market for any time I have bothered to look...is clueless...25-40% is a huge "margin of error."

Sep 21, 2014 11:31 PM
Joe Manausa - Tallahassee, FL
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thank you for stopping by and leaving a comment, Sally & David!

Apr 08, 2021 05:48 AM