Archive for the ‘Industry News’ Category

Photos Increase Listing Traffic by 300%

Thursday, July 31st, 2008

It has been said that Real estate listings online with photos receive 300% more traffic than listings without photos.  I know that no matter what I am searching for online (houses, cars, couches on Craigslist, etc..), I skip right over any listing that does not include a picture.  So why are there still so many listings out there without photos (FSBO.com is happy that approximately 85% of its listings contain at least one photo)?

Some owners will say they do not own a digital camera, or do not know how to post photos online.  Others may cite privacy issues, or not having enough time to do it themselves.  No matter what the excuse, it is crucial that you post photos to your listing online.  It will first get buys to stop and view your listing, and it will then let them know that you are serious about selling since you made the effort to create a complete and professional listing online. 

Listings without photos send a message to everyone viewing it that you possibly have something to hide…   my suggestion is to take that guess work out of their hands, and post as many photos as you are allowed.  FSBO.com currently allows for unlimited photos on every FSBO.com listing.

 

Is America For Sale?

Tuesday, July 29th, 2008

The US real estate market is seeing an influx of new buyers coming from overseas to purchase property.  Because of the sinking value of the U.S. dollar relative to other currencies, a home bought by a foreigner comes with a discount averaging 30%, the National Association of Realtors estimates.  Based on the information I heard recently at the Inman News Real Estate connect in San Francisco, these foreign buyers are buying in larger metro cities for investment purposes only. 

For the past few years the online real estate community has been targeted heavily by scams, most of which are from people posing as buyers from overseas.  As a For sale By Owner, not represented by an agent, I just wanted to make you all aware that some of the overseas messages you receive from your FSBO.com listing could be legit.  Please use your best judgment when dealing with these type of inquiries as you would not want to miss an opportunity to sell because you immediately discard someone as a scammer.     

So, do YOU see America as being “For Sale” as the rest of the world does?  It appears our largest brewing company Anheuser-Busch is…..

 

 

FSBO.com Releases 2008 Q2 Home Index

Tuesday, June 17th, 2008

The FSBO.com Home Index second quarter results showed an average savings of just over $10,000 in real estate commission. This was comparable with first quarter data and confirms significant savings for homeowners. Properties sales’ price held steady, selling for 96% of the asking price. The average days on market increased from 93 to 114 days.

See the full release on our website - FSBO.com Press Room