ForSaleByOwner.com Offers ''Top 5 Tips'' For Home Sellers In Today’s
Tough Real Estate Market
NEW YORK (Business Wire EON) April 22, 2008 --
As the U.S. median home price continues to drop, ForSaleByOwner.com
(http://www.forsalebyowner.com)
is helping home sellers who don’t want to lose
even more of their home’s value by paying a 6
percent commission to a real estate broker. By providing online
marketing, property pricing reports, real estate resources and access to
legal forms, ForSaleByOwner.com offers all the tools that homeowners
need to market and sell their home in today’s
tough real estate market. ForSaleByOwner.com
offers these “Top 5 Tips”
to help people get started on how to sell their home “for
sale by owner.”
1. Be Your Own Agent: An agent’s
commission cost home sellers 6% of their home’s
value. ForSaleByOwner.com customers are able to competitively price
their home compared to similar homes represented by agents and still
come out ahead financially because they are not paying commission. In
addition, separate recent studies by professors at two of the nation’s
most prestigious universities, Northwestern
and Stanford, determined that
unrepresented homeowners are as effective at maximizing the sales price
of their home as agents.
2. Use the Internet to Market the Home: More than 84% of buyers
use the Internet to search for a home. Putting a home on ForSaleByOwner.com
helps home sellers market their home to nearly 2 million people monthly.
Online property listings should boast multiple high quality, digital
photographs of their home’s interior and
exterior. Homes with multiple photographs receive more attention from
buyers. The online listing should be combined with a yard sign to
attract people driving by the home.
3. Price the Home Accurately: The market in 2008 is very
different from a few years ago when bidding wars drove up home prices.
In today’s market, home sellers need to
become more educated about their local real estate market so that they
can effectively price their house. To make it easy, ForSaleByOwner.com
provides its customers with a customized property
pricing report that contains recent home sales data and home
valuation data. Sellers should also research their neighborhood to
compare the listing prices of similar houses and use that information to
competitively price their home.
4. Consider Placing the Home on the MLS: The Multiple Listing
Service, or MLS, is a complete inventory of homes on the market. Sellers
should remember they no longer need a real estate agent or broker to get
their home on the MLS, and their home can be placed on the MLS through ForSaleByOwner.com.
5. Don’t Be Afraid of the Paperwork: While
one of the biggest myths in real estate is that agents handle the legal
paperwork, the fact is that other professionals provide these services.
Whether a seller uses an agent or goes “for
sale by owner,” outside help is needed to
navigate through the legal process of transferring the title. A real
estate attorney or title company will prepare and handle all of the
legal paperwork for sellers.
About ForSaleByOwner.com
ForSaleByOwner.com
is the nation’s leading “for
sale by owner” website. Since 1999,
ForSaleByOwner.com has saved home sellers more than one billion dollars
by providing premium Internet marketing services, property pricing
reports, real estate guidance and information, downloadable legal forms,
as well as live customer support, to help customers independently sell
their own homes. The company charges a modest fee for its wide range of
advertising and real estate resources, priced from $89 to $899. In
contrast, a person selling a $300,000 home through a real estate agent
would be charged a 6% commission fee and pay approximately $18,000.
Prospective homebuyers can browse property database, available at http://www.forsalebyowner.com,
at no charge.
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