Posts Tagged ‘Add new tag’

Myth busted: agents do show FSBO’s

Saturday, November 21st, 2015

there is this myth that if you list your property with a flat fee mls agent, the other agents will not show the property. This is a myth that is untrue. For over ten years, FSBO.com has been sending Flat Fee MLS sellers to agents in every state. Results: showings and sales continue to increase. The sellers reduces the commission paid at closing and still gets the maximum exposure on the local MLS, Realtor.com, Trulia.com and more. The buyers agent still get the normal buyers agent commission. Here are two recent examples:

2991Dalton Ln, Austell, GA and  2054 Summer View Pl, Marietta, GA

Both properties were cleaned up with new paint, new carpet, move in condition and priced right. Both properties were under contract with lot’s of showings in less then a week. Properties needing work or that were priced too high have not had the same results. Here is the best place to learn more: FSBO.COM/flat-fee-mls

Got a buyer, now what?

Friday, October 4th, 2013

This has been a pretty good year for selling by owner. Buyers have been looking all year and with the increase in mortgage rates the buyers are signing contracts. Now what? For sellers, that means a few more things must fall into place. First, the buyer has a pre qualification letter, but does your house qualify. Here is a list of possible items the seller will have to deal with:

1. Home inspection: the buyer hires a home inspector to check the property for maintenance issues, heating/cooling/electrical issues, code issues, mold/moisture/roof/insulation issues, etc. If problems come up the buyer may insist you correct all items or they will back out.

2. Home appraisal: most contracts these days contain an ‘appraisal contingency’. If the appraisal comes in below the contract price, you may have to lower the sale price or the buyer may back out.

3. Title work: a title company will research the properties title to make sure there are no liens or encumbrances on the title and to verify who is the legal owner. Back property taxes, Federal tax liens, water bills, mechanics liens, etc are very common problems.

4. Mortgage company: the pre qual letter means the buyer is qualified for the loan, subject to verification. It takes the mortgage company several weeks to verify income, employment and debt of the buyer. Hopefully this all goes smooth, but some times it does not.

5. Buyer remorse: This is quite common considering the purchase of a home is the largest financial decision most people make in their life time. From contract acceptance to closing dates takes many weeks. This gives the buyer plenty of time to think about what they are about to do.

6. FHA/VA/FNMA: Most properties are bought using one of these government agencies. These agencies come up with more items the seller has to deal with. Right now with the government shut down, the mortgage pipeline is about to come to a screeching halt.

In the end, most properties under contract do close. Both buyer and seller need to keep a positive attitude.

Congress gets the update …

Tuesday, August 3rd, 2010

and it ain’t pretty! A congressional briefing by Mark Zandi, Chief Economist of Moody’s Economy.com, and Yale Professor Robert Shiller showed these charts of the current situation in the housing market. Bottom line is that the number of ‘underwater’ homeowners is increasing. Now there is $2.4 trillion mortgage debt for homes in negative equity.

What would you do with $10,000?

Tuesday, June 10th, 2008

We know times are tough in the current housing market, as the cost of gas and food continues to increase.  But we feel that there is a light at the end of the tunnel – at a time when every dollar most definitely counts, recent data from the FSBO.com Home Index reveals that the average FSBO.com seller saves $10,000 by selling their homes themselves.


Ten thousand dollars – can you believe it?!  We decided to have a little fun with that fact and created a Facebook group called “What would you do with $10,000?”, a forum where we can all spend a few minutes daydreaming along with others in the FSBO.com family and in the Facebook community about what we would do if we had that extra money.  This group is fun way to pull sellers and potential buyers together to increase awareness of and spark discussions about the benefits of buying and selling For Sale By Owner.  It’s a win-win situation – the more people we get involved in these types of discussions, the more people to potentially see your listings!
I’ve already posted some of my dream purchases, and I hope you’ll join the group and join me in sharing your thoughts about what you would do with $10,000! 

 

Click here to join:

http://www.facebook.com/group.php?gid=16743191380 

(You must have a Facebook account to join)