Avoid Missing Out as a For Sale By Owner Seller

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For Sale By Owner (FSBO) sellers typically sell their home for 15% to 20% less compared to homes listed with a real estate agent. That’s a big difference. In fact, most FSBO sellers already knew their buyer prior to the transaction. That means these properties aren’t usually marketed towards a wide audience. Today, I’ll share three tips for FSBO sellers.

• Watch out for missed opportunities. When someone calls to schedule a viewing, make it available and respond quickly. This is critical for buyer-seller contact.

• Don’t underestimate the amount of time it takes to prepare your home. You need to spruce up your home and make it shine! That’s how you draw in potential buyers. Additionally you need to obtain certifications and fill out disclosures. It really takes time to attract buyers.

• Watch out for accidental brush offs. There are millions of people searching on the web. Don’t solely rely on the MLS to advertise your home. There are other efficient ways to lure in a buyer online.

If you’ve already tried the FSBO route and would like an expert’s advice, feel free to reach out to me by phone or email. I’d be happy to answer any real estate questions you might have!

Four Important Factors for Bucks & Montgomery County Sellers

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As an experienced Realtor, I predominantly focus on four factors: price, condition, location, and marketing. These are the four key areas to sell a home quickly in the Bucks and Montgomery county area.

1. Price: Your property needs to be at an appropriate price to compete with similar homes in the market. You’ll receive more offers with a low price compared to a higher one.
   
   
2. Condition: The condition of your home should be better than the competition. Your home should be as nice as you can possibly make it. Ensure to clean every crevice and remove unnecessary clutter. Bring in a stager in if possible!
   
   
3. Location: While you can’t change location, you can make your property shine on the outside. If your location isn’t exactly what a buyer is looking for, you have the potential to overcome that.
   
   
4. Marketing: This is where the professional comes in. Your Realtor should have strategies lined up to attract potential buyers. Your listing should be receiving a lot of online activity. We do social media, video marketing, and advertise on websites all over the world.

If you’re thinking about buying or selling a home in the surrounding area, give me a call or email! We can help you sell quickly and for top dollar this year. Additionally, I’m always here to answer any real estate questions you might have!

The Truth About Real Estate Commissions in Bucks & Montgomery County

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There is a misconception in the marketplace that Realtors keep 100% of their commission, but that’s just not how it works. Throughout the United States, Realtors are mostly independent contractors. This means that they are self-employed small business people.

Throughout the country, commissions are all negotiable. They are set by the buyer and the seller, and they range anywhere from 1% to 10%. Realtors pay all their own expenses: their cards, marketing costs, promotional costs, professional photography, website supplies, cell phones, retirement plans, insurance plans, and many other things that are usually provided by places of employment.

It’s so expensive to be a Realtor that more than 80% of new Realtors go out of business within two years. When an agent acts as a representative for the seller, they receive 100% of the commission, but at closing they give the other agency half of that commission. So, the buyer’s agent and the seller’s agent split the commission, and the commission that each of them takes away is split once more with the agency they work for. In other words, agents almost never keep 100% of the commission, and that’s before considering taxes!

I hope this helps you understand how commission works. If you have any questions about this topic, please don’t hesitate to reach out to us. We would love to hear from you!