FIRED YOUR AGENT!!

You've come to the right place. Many home owners (including real estate agents) have successfully sold their homes using our program after their MLS listing has expired. That's because sellers can afford to lower their price to (or even below) fair market value since they no longer have to pay any commissions. Below are some examples of how the math works out by cutting out an agent:

Remember, if the home was listed for 6 months and didn't sell, it's highly likely the home was overpriced.

"A buyer is more likely to make a full price offer on a home that is priced right, before making a low offer on a home that is priced too high."

Please CLICK HERE for more info on why FSBO Homes Sell Faster
If you want to sell quickly, list your home a bit below FMV.
Fair Market Value (FMV) $300,000 $600,000
Listing Price w/agent $320,000 $640,000
Probable Offer (-5% off list) $304,000 $608,000
Commissions Due $21,280 $42,560
Net Proceeds $282,720 $565,440
Listing Price By Owner $298,000 $598,000
Probable Offer (-1% off list) $295,020 $592,020
Savings for Seller $12,300 $26,580
Savings for Buyer $8,980 $15,980
 
If you have some time and want the most money possible, study this scenario:
Fair Market Value (FMV) $300,000 $600,000
Listing Price w/agent $320,000 $640,000
Probable Offer (-5% off list) $304,000 $608,000
Commissions Due $21,280 $42,560
Net Proceeds $282,720 $565,440
Listing Price By Owner $309,000 $618,000
Probable Offer (-3% off list) $299,730 $599,460
Savings for Seller $17,010 $34,020
Savings for Buyer $4,270 $8,540

 

Some facts and assumptions:
Fair Market Value (FMV) = The price that an interested but not desperate buyer would be willing to pay and an interested but not desperate seller would be willing to accept on the open market assuming a reasonable period of time for an agreement to arise.

If the home is overpriced, few (if any) offers will be made.

Notice how the "probable offer" really doesn't change that much no matter how the home is listed, or how much it was overpriced?

The "probable offer" % climbes with inflated values above FMV. A home that is priced at FMV is likely to get more offers, and much closer to FMV than an overpriced home.

As you can see with the samples above, the FSBO seller who takes advantage of pricing at, or slightly below FMV has a huge advantage over the great majority of MLS listed homes. Imagine 2 similar homes in the same neighborhood with a $20,000 price difference. Which home will look more attractive to buyers?

The 2 rules to selling any home, in any location or condition are: 1) Price the home correctly. 2) Expose it to buyers. Our FSBO office can help you with both.

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