Find Homes For Sale by Owner

For Sale By Owner or FSBO has long been an option that many people look into when it is time to sell their home. They do so for a variety of reasons. However, usually it is simply because they are trying to save the expense of hiring a real estate agent. Ideally, this means that homes sold by owner should even be less expensive than others, making them more desirable. The price of a FSBO home is often at least 5% cheaper than a comparable one listed by an agent.

Finding homes, which are for sale by owner, is not always the easiest thing to do. It requires a little extra work because you simply cannot call up an agent and give her the specifications of what you are looking for. By putting the following tips to work, you will be well on your way to finding great FSBO home sales in the area you want.

1. Check out websites that feature free classified ads like Craiglist.org and other local real estate web sites that offer low cost for sale ads. Even eBay has a section for real estate that is worth investigating.

2. Check out specialized websites that offer just by owner ads. More of these are starting up and usually have an option to search by city or even zip code, to tailor your search.

3. Get the local newspaper daily, but especially on Sunday when there are bigger featured real estate sections, and check it thoroughly for the by owner ads.

4. Drive slowly through the areas and neighborhoods you would like to buy in and take notes on homes with a for sale sign that does not have a real estate broker’s information on it. It may or may not say for sale by owner.

5. Check local real estate publications. Often there are free real estate magazines available in grocery stores, libraries and other public places. While a majority of ads will be for real estate agent listings, there are often for sale by owner ads too.

6. Use your social network. Tell your friends that you are looking to find a for sale by owner home and if they know of one to please pass along the information. It is surprising how often someone in your circle may know of a home that is not even on the market yet. You may get first dibs. If you have a Facebook, MySpace or other social networking account, make a mention that you are looking for a FSBO home.

7. Contact a real estate agent. Some FSBO owners will be willing to co-op with real estate agents and agents will often be aware of such listings.

8. Check the MLS or Multiple Listing Service because many owners will pay the flat fee to list their home there for the added exposure it brings.

By taking such steps you will be well on your way to finding every FSBO home in the market you are looking to buy in. These are great ways to find a good deal. Just be sure that you involve a real estate lawyer so that you have all your bases covered and you haven’t missed anything vital in the transaction.

FSBO Novel Preface

Preface

We are For Sale By Owners, “FSBOs.” We spend our time trying to sell ourselves and others on what we are doing or what we want to believe. While knowledge is power, we are often victims of ignorance.

Most of us are outsiders. Outside of the narrow worlds that we occupy, we have only superficial understanding of the way most things really are. We fail to consider how people became like they are. What we see is not all that there is. Look at yourself. Why are you like this? Are you what other people think? Or, are you a lot more? Are you all good, or all bad? I doubt it! I believe we are all the products of the choices we have made. We can make new choices. We must gain knowledge with which we can make better decisions. It is my hope that you will enjoy a good read. In so doing, I pray you will glean some useful information, gain insider’s awareness of elements that may affect you, and heed some of the warnings that are integrated in this book.

In FSBOs, evil gains entry when a housewife opens her door to strangers. Each has a personal interest at heart, derivative of individual experience and choices. We will visit some murky worlds that you may never have wanted to see, each owned or possessed by the character who has chosen to live there. While fictional, such lives do exist. The multiple storylines are tied together by a common plight, that of people who set out to sell either who they are or their homes by themselves. The villans are ignorance, greed, power, lust, self-service, and misguided belief systems. It is easy to say that, of such things, we are all victims.

Whether we like it or not, we are each owners of ourselves. Frequently, we are negatively affected by the consequences of our own poor choices. Sometimes, we are victims of the ruthless choices of others. Usually, there were warning signs which we ignored precipitating our tragedies. We went our own way, selling ourselves and others on what we wanted to believe, For Sale By Owners, “FSBOs”.

If the proceeding “Preface” appeals to you, you might consider investing in a copy of the novel from which it was extracted.Or, you may read it free online at http://books.iuniverse.com/viewbooks.asp?isbn=0595287034&page=fm3

If you wish to comment, I encourage you to e-mail me.

Respectfully,

Russ

For Sale By Owner – Advertising Tips to Help You Sell Your House

There are times when home owners want to sell their house on their own and they need to attract as many buyers as possible. There are some advertising tips that you must keep in mind in order to save you time, money and peace of mind.

One of the most effective means to attract buyers is to advertise on the internet as today most buyers first look online before they consult a broker or agent. Today there are many classified sites that allow you to advertise for free. Simply type “for sale by owner” into your Google or Yahoo! search bar and you will find many options right on the first page. To get better presentation and wider exposure some sites might ask for premium upgrades and these may be a good idea depending on the urgency of your specific situation. If there is no rush you can avoid these and only advertise on the free sites without spending any money.

The goals of most sellers are the same regardless of whether or not they list with a real estate professional. They want a quick sale with the highest possible price and the least hassle. For all houses for sale by owner it is imperative to have the right things in the advertisement so that they are able to attract the right kind and the highest amount of buyers.

In any advertisement the headline is by far the most important part. Some experts say it accounts for 80% of the effectiveness of the ad. I always like to use the stand alone test. If you place only the headline and a phone number in a newspaper, will the phone ring? Look at the ads that are already in the newspaper or wherever you are thinking of advertising. Which ones catch your eye? Don’t feel bad about copying what they do. It’s easier than starting from scratch.

Remember to also add photographs when possible. Take a bunch of photos and use as many of the best ones as allowed. You don’t need to hear too much about how to take photos so I won’t belabor the point. Just know that when looking for houses it makes common sense that the ones with photographs get looked at first.

One must also ensure that the price they ask for the house is a fair one and leave, at the very most, ten percent room for negotiation. Brokers/agents and some websites can help you determine the asking price of the property. Zillow.com comes to mind right away. Along with marketing and exposure, pricing is one of the most important aspects of selling a home so don’t just go to one website that tells you the “value” of your home and use that price. Do your research. What have comparable homes in the same school district sold for in the past 3 months?

How to Turn Every FSBO Listing Into at Least 2 Additional Closed Sales

Working with a FSBO seller can be very rewarding yet once we are done with that listing we need and want more FSBO sellers to work with. You can turn every FSBO seller into more closed transactions by following several repeatable steps on each and every transaction that will uncover more FSBO sellers as well as bring you buyers for your other properties.

More FSBO Listings By Helping One FSBO Seller

Often it is one piece of valuable information that is shared with a seller or buyer that puts them over the edge in deciding to work with you. One of the most powerful ways to get more FSBO listings very quickly is from taking just 1 FSBO listing. If worked correctly 1 FSBO listing can turn into 5 or more FSBO listings very quickly.

This can be done by making sure to share the experience with as many people as possible. Some immediate ways to pick up FSBO inventory is by taking the following actions:

  • Calling all of your current FSBO prospects and sharing – That’s right share with them that you are helping one of “their own”. FSBO’s often like to stick together and if they know you are helping one of “their own” this will allow you to pick up additional FSBO listings.
  • Update your website with the new FSBO listing – whether you have a blog or a website let the world know you are helping a new FSBO seller. Make sure you tell the “story” of how it all came about.
  • Get the FSBO seller to record a “Why I chose to list message” – Do this as quickly as you can in the relationship with the FSBO. Preferably have them record it on a system that allows you to put it on the Internet so even more people can hear about. At the very least it should be recorded on a hotline that people can call in and listen to.

Unlocking the Power of Buying Leads on FSBO properties

Buyers are often overlooked as many real estate agents view them as a “hassle” yet the reality is they are needed to close a real estate transaction. Even if you don’t want to work with the buyers you can always refer them. On all of your FSBO listings I would recommend the following to generate more buying leads:

·         Toll Free Hotline – People love calling these hotlines even today with where technology is so they can hear about the property and what the details of the property are.

·         Text to Phone Service – These services are just now becoming popular and provide buyers with the ability to text, using their cell phone, for information on a property. This allows buyers to quickly and easily see details of the property and the agent receives the users cell phone number for follow-up.

Out of the buying leads that you generate there is at least 1 if not 2 buyers in the group who will buy within 60 days provided you follow-up with them.

FSBO listings can be difficult to get if you aren’t following a system and a pattern for success. I recommend that all my agents treat every FSBO like gold and to not only help that FSBO seller but to find other highly motivated clients that they can help within the next 60 days.

FSBO – How to Make Sure You Sell Your Own Home Fast

Selling your house doesn’t have to be hard. Homes that are FSBO, Homes For Sale By Owner, is a great way to sell your house because you cut out the real estate agents and nasty commissions they take. However, in order to sell your house you do need to know a little about how to present your property and attract buyers. Throwing a FOR SALE listing up somewhere probably won’t stir up much interest and you’ll need to pay attention to the kinds of pictures you use and what information you put in your listing so you increase your chances of someone seeing your ad actually being interested and wanting to take a look. Don’t worry, none of this is really hard and you don’t have to be a slippery car salesman to sell your own house. All it takes is a little common sense and attention to detail.

Your listing needs to be informative. Think of what you would want to see in an ad if you were looking to buy a house. Pictures are a must in any listing and everyone knows that, but what most people don’t know is that you need to be careful as to what kind of pictures you use. You don’t have to show a picture of everything in and around your house. Show the most important and essential ones that would make someone want to come and see more of your property. Pictures of the shower or bathroom really aren’t needed. If anyone is seriously interested in buying your house, they probably won’t buy it just for the bathroom. Also be sure your pictures look good. How is the lighting? Are they too dark to make out what the picture is of? Make sure you label and give your pictures adequate descriptions. People want to know what they are looking at, it may seem obvious to you but that’s because you are the home owner.

Beyond making sure you have good pictures with good information, stop and think about what is in the surrounding area. Do you live in an area that has a famous landmark or scenic spot? If you’ve lived in the area for some time, it is possible that the tourist spots seem boring and out of date, but remember that many people looking to buy houses may not even be from your area and might be really interested when they find out what’s in your immediate area.

The key here is that you really need to try and make your FSBO as attractive as possible. Do you remember what you did the last time you went and bought a house? Did you buy the first one? There is probably a very good chance you looked at multiple homes that were for sale even before you began to decide on what you were looking for. There is probably also a very good chance that if a listing looked dull and uninteresting you just didn’t bother to call up and make an appointment to check it out. FSBO advertising can be very effective provided you pay attention to the above tips and just remember that the only way you’ll be able to create interest and sell your house is with an effective listing.

FSBO Jargon – The Language of the FSBO Seller

When you decide to sell your home without a real estate agent, you enter the world of the FSBO sellers. As with any new experience, you need to understand some of the basic language.

Selling your home on your own makes a lot of sense from a financial perspective. Even though the real estate market has cooled off considerably, home prices are still pumped up compared to historical references. At 6 percent, the commission of a real estate agent can add up to a lot of money. On a $500,000 home, we are talking about a whopping $30,000, which can really eat into the equity you have built up over the years.

If you make the decision to go FSBO, you need to understand a few things. You are essentially taking the oars of the boat and doing all the rowing yourself. This means you need to understand both the concepts involved and the language used during the real estate process. Here are some tips.

FSBO – This term is short for “For Sale By Owner”. It is important to understand that it is used as a noun in the real estate industry. Simply put, you are a FSBO. Agents helping buyers will refer to you and your property by this term. Selling agents will also contact you frequently to try to convert you from a FSBO to a listing client, to wit, they want you to hire them.

FFMLS – This term refers to Flat Fee Multiple Listing Service. Many people that consider selling their home with an agent worry that they will not be able to list their property in the multiple listing service for the area. In the past, the “MLS” was a list controlled solely by agents and realtors. These days, there are ways to access it without using a real estate agent. You can pay a Flat Fee for your listing, thus the name.

CMA – This term refers to a Comparable Market Analysis. It is essentially a breakdown of homes in your neighborhood. Information includes things such as the listing prices of homes, valuations and so on. As a FSBO seller, you can obtain a CMA by just contacting a real estate agent. They use these reports as lead generators and give them out for free. Tell them you are a FSBO and they will still give you one. The eternal hope of the agent, of course, is that you will fail as a FSBO and hire them.

Obviously, there are many terms that arise in the real estate world. Most apply whether or not you are using an agent to promote your property. The above represent a couple you need to know as a FSBO.

FSBO – How to Prepare Your House to Sell

Did you hear that? Prices of houses in Phoenix have been jumping 5% each month for 2005 according to market experts! Some even predict that the price of housing could jump an additional 10% for the upcoming year. The shortage of houses for sales and the still relatively low interest prices are causing the price of homes not just here in Phoenix but nationwide to escalate. What does this mean? If you are thinking about selling your home, there is no better time than the present. Jump on the bandwagon!

Okay, great, you say. I’ll buy a for-sale-by-owner sign, set it out in the front yard, host an open-house this weekend. I should have my house sold by the end of next week! Well, two months later, that for-sale-by-owner sign is still in the front and you don’t have a buyer. Do not think that just because there is a shortage of houses for sale, selling a house is a piece of cake. It may not as easy as you think. Instead of using a Realtor, you are determined to sell the house yourself. That’s fine and it’s possible. People do it all the time; however, what are some tips to help you prepare your house to sell. I have done the research and found four minimal-cost tips in preparing your sell:

1. Clean-up. The first impression is always the lasting one. You want potential buyers to be impressed the moment that they spot your house from the street. Everything from the yard, to the windows, to every room inside should be squeaky clean. And if you have a collection of, well, several collections of…stuff, it’s distracting to the buyer and really takes away the beauty of your home. If you can’t part with those items, pack them away in boxes. A potential buyer won’t be offended by a few packed boxes in the house. They most likely are expecting you to be preparing to move anyway.

2. Deodorize. This goes hand-in-hand with cleaning your house and removing the clutter. If your house smells, it won’t sell. If the house has been vacant for a while, there is nothing more offensive to a potential buyer than the smell of mildew. Please take care of the mildew before showing the house. And you petowners, understand that your precious little pets that you keep indoors are not odor-less. You just have become accustomed to the smell. A potential buyer will pick up the pet order immediately. The same is true for cigarettes.

3. Re-paint the house. Okay, you may have enjoyed a blue kitchen, an orange living room, and a red bathroom. But your potential buyer may not be as cutting-edge. Experts agree that neutral colors are best in showcasing your house. Also take a second look at the decorations on the wall. Remove anything that could be offensive to your potential buyer.

4. Embrace the sun. I don’t particularly care for the Phoenix heat, but I love the sun. It symbolizes laughter, happiness, brightness, things that are upbeat and positive. Open the blinds and curtain in your house and let the sunshine in!

Remember, you want to impress the potential buyer. By following these four simple tips, you can be a step-ahead of the game in reducing the time it takes to sell your house. However, if you don’t have the time it requires to sell the house yourself and don’t want the expensive of hiring a Realtor, please visit my website to read the free report, Sell Your House in Seven (7) Days at [http://www.adpropertyconsultants.com].

How to List an FSBO Home

Did you know that nowadays only one-third of all home buyers used a real estate agent? Did you know that a seller can utilize MLS listings on their own, without an agent? In today’s real estate market these are absolute facts! It is now much easier and more profitable to sell your home as a “For Sale By Owner” (FSBO) home than ever before. To ensure you earn all the money you can from selling your home, do it yourself! Forget the agents! Only you will have your best interests at heart when it comes time for you to sell your home anyhow. There are some things you must know how to do first though before you do sell your own home. We will examine some helpful tips in this article.

First, check the records on your property. Utilize your county courthouse files and personnel. Be certain there aren’t any liens or legal claims of someone else to take ownership of your home. If you want to stay clear of the courthouse a real estate lawyer can also help in this area. However, be sure to do this upfront! Now is the time to find out this information! You do not want to be unpleasantly surprised when you think you are ready to close a deal on your home.

Next, make sure you personally know the weaknesses and strengths of your property and home. This is another area where you do not want to wind up surprised! Have an inspection done early on by a professional inspector. They will let you know of any problems you have that need attention and are likely to impact your sale. You will be better off if you fix these problems right away yourself (using reputable professional services only.) However; if you choose not to fix them, you must adjust your selling price accordingly. Otherwise nobody will buy the home.

That leads us to the next tip for FSBOs – have the price of your home evaluated by an objective expert. Hire an appraiser for a few hundred dollars. They will be best suited to thoroughly evaluate your home and compare that evaluation to similar homes for sale in your town. This should not be a guessing game on your part! If you price your home too high, nobody will buy it. However; if you estimate it too low, you will be cheating yourself. Unless you happen to be an expert in this field, do yourself (and your family) a favor – get a professional home appraisal!

One last point in being an FSBO is to make sure you plan a selling strategy for yourself. Some research on your potential home buyers is in order here. Find out the things that stand out to them when they are looking for a home. Today only 36% of buyers will find out about homes from a real estate agent. That leaves a huge percentage of people that are looking on their own. Don’t forget – THEY want the savings offered by an FSBO too. When you discover what the public wants in their home, you can accentuate the features of your home that match their criteria.

Tips to List Your Property Online

No doubt, listing property online is an easy thing to do, but it still needs some guidelines to perform the job perfectly. A little mistake in the listing may fail to bring your property into the limelight. And, advancement in the technological sector has increased the online real estate competition to a great extent. Every person feels easy in selling or buying property online which is leading to unlimited listings. So, you need to update your property intelligently to make it stand out. Here are a few tips that can help you sell or rent your listed property quickly.

Catchy Headline

The headline is the foremost thing that brings traffic on your listed asset. Make it short and crisp to catch maximum attention and make an impression on the visitors. It may include project or society name, area, price and the property features. Finding all these important points in the headline will insist the potential buyers, have a look and know more about your property. On the other hand, an incomplete or cluttered headline may leave your listing as a waste.

Uploading Photos and Videos

Nobody would take an interest in paying a physical visit to your house just through the description you have provided. However, to convert the listing into a successful deal you shall upload clear pictures of the property. And, if you want people to have a proper glance online, upload a video giving a complete overview of your house.

Give Appropriate Information

Exact information about your estate helps to catch the attention of potential buyers and renters. While, this information may include area, location, property’s age, surroundings, furnished/unfurnished or the additional features. Remember, to give to the point information. Adding irrelevant information may appear meaningless and distract the buyers.

Locate it Properly

Every buyer has some location choices. It may be due to the convenience in going to the office, school, or may be for anything. And, to make it easy for the customer find the location of their choice, you need to keep the location description up to the mark.

In addition, sometimes there are areas having any electricity or water related problems. And, if your area is away or at a distance from that location, do not miss on mentioning it. Simply, mention the particular sector, block or a landmark to make the customers identify the exact location.

Highlight Infra Facilities

People often pay a great attention to the infra facilities before making a purchase. So, do not forget to mention the infra facilities nearby your property. Mention distance from popular landmarks like malls, hospitals, bus stand or airport, etc.

Additionally, a little more description about the property like direction, outstanding features add an attention seeking factor to the house and increase the chances of getting sold or rented soon.

Five Tips to Help You Sell Your House Now

Even if a quick home sale isn’t a do-or-die necessity, it is in your best financial interest. Surveys of real estate agents and popular knowledge make it clear that the longer a house lingers on the market, the lower the price will fall. Most homes that sell for their full asking price sell within two weeks of being listed. These five tips will help you sell your house NOW.

Tip # 1: Hire The Best Real Estate Agent You Can Find…

…and then follow his or her advice. Real estate agents are trained professionals whose business is selling homes for people. They can help you set the right price for your home, tell you what repairs and cosmetic changes you can make to help you sell faster, and guide you through the process step-by-step.

Tip # 2: Set the Right Price

The rule of thumb for selling a house fast is a price that’s within 5% to 10% of other homes in the neighborhood. If you’ve hired a real estate agent, they’ll know what other houses in your area have sold for. If you’ve decided to sell your home yourself, you can find information on recent home sales in your area online.

Tip # 3: It’s All About Curb Appeal

Most buyers who DON’T buy have already ruled out your house before they ever set foot through your front door. Don’t underestimate the value of the cosmetic appeal of the outside of your home. No matter how wonderful the inside of your house is, if it’s wrapped up in a shabby package and poor surroundings, then you’ll have a much more difficult time selling it. Take the time to fix up the outside of your house to show its best face to the world.

And don’t underestimate flower power! A small investment in a few plants to stand on the front steps or perk up a lawn border can make a huge difference in how your house is perceived.

Tip # 4: Make It Easy For Potential Buyers to Picture Themselves in Your House

Start by giving your house a thorough cleaning. Get rid of all clutter whether it’s visible or hidden in a closet. No one wants to buy a dirty house! Next, you should put away all of your personal belongings. You want your prospective buyers to see THEMSELVES in your living room, not you.

Another great trick when selling your home is to use a little psychology. If you’re repainting in summer months, consider using ‘cool’ colors. In winter, use warm ones. Make people feel happy in your house and it will sell faster!

Tip # 5: If you’ve Decided to Sell on Your Own, List Your Home with An FSBO Web Site

FSBO (For Sale By Owner) web sites are an excellent way to advertise your property. Most FSBO sites (http://www.forsalebyowner.com/, http://www.fiftystatesfsbo.com/) will tell you how to set up a Flat Fee Multiple Listing contract with a local Realtor. That will get your home listed in your local MLS service and dramatically increase its visibility.

If you’ve done your preparation work well, set the right price for your home and made sure that your house is as appealing as possible, you WILL sell your house NOW.