For Sale By Owner

Thinking of Going it Alone?

Selling your own home can be a viable, cost saving process but it also presents many unique challenges.

Consider the following questions:

1)     Do you have the market knowledge to price your home competitively?

2)     Do you have the knowledge, energy and time to effectively market your home, return calls, qualify buyers and arrange showings?

3)     Are you prepared to deal with the numerous buyers who see For Sale By Owner listings as a target for lowball offers?

4)     Are you aware of the legal ramifications, required paperwork and forms?

5)     Are you able to deal with offers, counter offers and negotiations in an objective manner?

6)     Do you have a team of professionals at your disposal (lawyers, home inspectors, lenders) and know what is required to close a transaction?

According to the NAR 2006 Survey of Home Buyers and Sellers 51% of FSBO’s cite commission savings as the reason for selling their own home. Interestingly enough, 40% of FSBO’s have their home presold to someone they know prior to the transaction. Only 7% of all home sales are open market FSBO’s. According to the same NAR study 1 in 5 FSBO’s eventually sell through a Real Estate Agent and comparable homes sell for an average of 16% more through Real Estate. Buyers of FSBO’s expect any commission savings to be passed on to them. Exposure is the key to selling your home for top dollar. Put the power of the MLS to work for you. With approximately 1400 members in the London and St. Thomas Association of Realtors and over 1 million visitors per month in Ontario at www.mls.ca your home will get the attention it deserves. If you are considering listing your home please call me for your Free, No Obligation Listing Presentation.

Michael Winter

Sales Representative

Sutton Group Preferred Realty, Brokerage

Independently owned and operated

519-438-2222/direct line 519-878-1107