For Sale By Owner or FSBO is the process of selling Phoenix real estate without the representation of a Phoenix real estate broker or Phoenix real estate agent. Phoenix home owners may employ the services of a marketing, online listing company or market their own property. When a home owner chooses to sell their home “For Sale By Owner” they do not pay a commission and represent themselves throughout the sale.
So why would a Phoenix home owner want to try to sell their home FOR SALE BY OWNER???
One of the most popular reasons why Phoenix homeowners choose to sell their house without the assistance of an agent is to avoid paying an agent’s commission. In Phoenix, the total real estate commission typically makes up 6% of the selling price of the property. With the average sales price of $150,000, this equals $9,000.00 in total cost.
What is the success rate for For Sale By Owners?
According to a press release by the National Association of Realtors (NAR) regarding their 2009 annual survey of real estate consumers, 2009 Profile of Home Buyers and Sellers, 11% of 2009 US real estate transactions were FSBO, down from 13% in 2008, and a previous peak of 18% in 1997. The record percentage of 20% of US real estate transactions (since tracking started in 1981) took place in 1987.
There are many ways a home owner can advertise their home for little to no cost. One common way is to use Craigslist. Another way is through classic real estate sites such as hotpads.com, Trulia, and Zillow. Another way is to create a video on YouTube.
We offer a program that allows a home owner selling their Phoenix home to incorporate all these sites to market their home for FREE. Basically, the home owner only needs to send us their contact information with 6 pictures and we will market their home for them for FREE. We can even prequalify buyers interested in purchasing a Phoenix home, so the owner selling their home is not wasting time with unqualified buyers and taking the home off the market losing valuable time. Here’s an example of a FOR SALE BY OWNER PHOENIX REAL ESTATE site. For more information, please contact us today to see how we can help you save thousands of dollars.Questions? Contact David Krushinsky Today!