For Sale By Owner: Selling Your Home Without A REALTOR
Posted by Larry Tollen on
It’s only natural, you are going to sell your proeprty and you wonder about selling your home on your own, without a Realtor. You think, “It’ll be easy and besides I can save a lot of money and it can’t be that hard.” It’s a reasonable assumption and the truth is there is no one size fits all answer. Basically it boils down to the following: do you have the time, knowledge and temperament to get it done and are you prepared to do what it takes?
I’m certain many of my fellow Realtors are wondering why in the world would I willingly educate homeowners on how to effectively work without us. First, many home owners simply don’t realize everything that goes into listing and selling a home properly. {I’ll go so far as to say that there are many agents who…
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In most parts of the country real estate sales having been strong and here in the Research Triangle (Chapel Hill- Durham- Raleigh North Carolina) this is certainly the case. Throughout 2013 active inventory on the market for sale has been low; hovering at about 2-3 months worth clearly indicating a market favoring Sellers. {Note: 6 months of inventory is considered a neutral or balanced market; less than this favors sellers; while more than this favors Buyers} Looking ahead into 2014, I see nothing that's likely to change, available inventory will likely remain low. Mortgage interest rates continue to be close to all time lows and while their likely to come up some from where they are now they will still be extremely affordable. It's true that getting a…
Location, Condition, Curb Appeal are all critical factors when determining Price and it's difficult for any seller (and I include myself) to really be objective when considering their own home. It's easy to understand why, it's "our castle" and often we fail to see our own homes the way buyers (with no emotional attachment do.
Let's start by stating the obvious: Zillow, Trulia and similar sites are not Realtor sites per se. They are Internet sites and have no Realtors working for them. They don't need to; it's not what they do. They have Marketing, IT, Sales and other professionals working for them and use proprietary algorithms that sift through county tax records, compile statistics and then propose “estimates of value” which, in my opinion, are the least valuable of the service they offer consumers. Interesting tidbits of information but little more. These sits offer AVM's, or Automated Real Estate Valuations, that let you input a number of factors about your home