Homes-By-Holmes Real Estate  
19 Main Street
Franklinton, NC 27525
919.422.7630

 

For- Sale- By-Owner

What does FSBO mean?

FSBO is an acronym meaning
 For Sale By Owner.

Selling  your home in today's market is all about price and adequate exposure, not to mention patience.

 
When a simple "For Sale" sign isn't enough, there are ways to speed up the process of selling your home.

It takes an average of eight showings to get one bid on a house. But what if you need to sell faster than that?

Listing your home on the Internet, updating the listing frequently, and making major price reductions rather than small, incremental reductions are all techniques that sellers use to sell a home quickly.

For many sellers, however, eight showings, or even eight days, is too much time.

Why should you use our services? 

Your home will be listed in the same Database that most realtor's charge  5% to 7% to market your home.

Your home  will be  listed on MLS and Realtors.Com for a Flat Fee ranging from $175 to $295.

You will get  the Local & National Exposure provided by the Realtor's MLS for  HALF PRICE! 

The Flat Fee package varies based on the  properties location, We offer the BEST DEALS.

The benefits of our service is that you will not have to pay ANY COMMISSION, If you find the buyer. 

If a Realtor from MLS finds you  a buyer. You will need to pay a sales commission at closing.  This  fee ranges from 2.4% to 3%.  About HALF of the total commission charged by the traditional  agents charging 6%- 7%.

The BEST part of our marketing plan: You still have the option to sell your home yourself and avoid paying high commission. Considering that this Flat Fee  of MLS alternative allows for both the increased exposure to potential buyers who may be working only with a realtor (at a cost to the seller of 2.4% commission rather than 6%) and the continuing opportunity for the owner to sell the property FSBO and still avoid Realtor commissions entirely if the owner finds a buyer first, this is indeed an alternative. 

Before you settle on Your Marketing Plan.

You need to understand the Flat Fee Service is a "Limited" Agency with  NO Agency involved.
The "Buyers Agent" Realtors works for the buyer not you. Dealing with the "Buyer Agent" is more like dealing with a potential buyer who might respond to your FSBO marketing efforts. We can always assist you for an additional up- front fee of $595 or you can upgrade to our full service package for 1.4% if you have the buyer and  3.8% if you need for us to locate you a buyer. All upfront fees are paid at the time of service.

 


 

Before you consider selling your house yourself, ask yourself if you are going to have the time needed to sell your house - even if you just cover the basics.

The Basics

  • Complete an extensive research of local market conditions, including:
    • the listing and selling price of all houses in your area for the last six months,
    • the listing price of houses currently on the market, and
    • the listing prices of houses that were on the market but did not sell.
      Tips: Begin your research on the Internet. Follow-up by visiting the county tax records office to determine the selling prices of houses.

       

  • Put together a marketing plan.
    • How will you market your house to real estate agents? Most buyers use a real estate agent, so marketing to real estate agents is essential. At a minimum, you'll want to send a letter and sales flyer to all real estate agents within a 30 mile radius.
    • How much money can you afford to devote to advertising? Call the local newspapers to determine how much it will cost for advertisements. You'll want to run daily and Sunday ads in the newspapers.
    • Who will create your sales flyers? Buyers expect fact sheets to take with them when they drive-by or tour a house for sale.
    • Where will you place signage? In addition to your front yard, is there areas leading in to your neighborhood where signage would be appropriate?
    • How will potential buyers find information about your house on the Internet? You'll want potential buyers who begin their house shopping on the Internet to find your house. Be sure to build a website to help sell your house.
    • Who will take inquiry calls and schedule appointments? You'll want someone to be available to answer inquiry calls and schedule appointments. Be sure to schedule showings as quickly as possible - even the same day.
      Tips: Ask newspapers for a discounted advertising rate for multiple placements. Be sure to check with local officials to determine if there are any restrictions on where you place signs.
      " Pre-qualify buyers before showing your house.

       

  • Confirm that the potential buyer has pre-qualified for a mortgage loan.
    • If the buyer is buying with cash, confirm that they have the necessary resources.
    • If the purchase is contingent on the buyer selling their own house, confirm that the buyer's house is on the market. (You may also want to determine how long the buyer's house has been on the market.)

       

  • Negotiations, Contracts and Closings
    • Are you prepared to negotiate the contract?
    • Do you know what the legal responsibilities of the seller are in your area?
    • Who will write the contract? Will you need to hire an attorney? If so, what will be the attorney's fees?

Tips: In addition to the sales contract, you'll need to complete a Seller's Disclosure and a Lead Based Paint Disclosure.