Today I talked to a "For Sale by Owner" and they own a house t hat I have previously staged. One positive outcome to staging a home, is that one never forgets that experience and there remains a bond to that home that doesn't disappear entirely. When I saw that For Sale By Owner sign in less than a year a little pain went through my heart and I felt the question arising from deep inside: "What has gone wrong?"
Fortunately after visiting with the current owners, they have good reasons to move on, to get closer to a job and closer to family. When I asked for the listing, they explained they wouldn't be able to afford to as if that is any surprise to anyone!
Money is the reason I hear most often from "For Sale by Owners." Does this reason pan out? Obviously not or the For Sale signs would not disappear being replaced instead by Realtor signs. One house that I have shown has very outdated wallpaper and overpriced to boot. I don't have a crystal ball, but the wallpaper is either going to be painted or the sales price is going to come down about $20,000. This is a huge high end home for my area.
I picked up a flyer from a For Sale by Owner out of box and It's black and white and incredibly enough no where on it is the owner's name. I guess I'm picky. One thing for sure For Sale By Owners flyer's won't be the reason buyers beat a path to their door. Another flyer has just the first name of the owner on it. I find that a little odd as if the owner thinks that somehow that will protect her privacy?!
My favorite explanation is that I'm going to test the market for a month. The sad truth the market is already tested day in and day out by very competent buyers who are only going to pay what they think the house is worth!
Cute Cottage Style Home that I own and rent in Abilene Texas!