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Think You Should FSBO? Think Again!

Posted by Christine VanderBie on Wednesday, April 12th, 2017 at 12:00pm.

With so much information available online, many homeowners entertain the idea of selling their property without an agent.  Before you decide to go it alone, consider these key points:

REALTORS ARE LICENSED PROFESSIONALS

We are taught and tested by governing agencies of the state, and must operate under strict laws put forth by such.  We are required to complete continuing education credits, and are constantly learning.  Think all agents do is stick a sign in the yard, hold an open house, and fill out a couple of papers?  Keep in mind that plenty of professions look easy when you aren't the one performing them. 

EXPOSURE TO PROSPECTIVE BUYERS

Selling a home isn't like listing your used Chevy on Craigslist.  Online Marketing is where Realtors truly shine.  Without access to the local MLS (multiple listing service) your home will miss the large majority of active buyers.  Most agents have their own proven marketing strategy, often combining custom online and print materials to bring attention to your listing.

GET READY TO NEGOTIATE

There are far more parties to a sale than just the buyer and seller.  Here is a short list of some of the people you can expect to encounter throughout the transaction:  the buyer, who wants the best deal possible; the buyer's agent, who represents the best interest of the buyer; the inspector, who is hired by the buyer and will almost always find something wrong with the house; the buyer's lender, who must ensure they don't loan more than the home is worth; the appraiser, who is hired by the buyer's lender and almost always values your home at less than you do; and the title insurance company, who must ensure you indeed own your home and have the legal right to sell it.  Now as you can imagine, getting all of these parties to the metaphorical closing table can be quite a circus.  The job of the Realtor is to be the ringleader.

CONTRACTS, AGREEMENTS AND DISCLOSURES, OH MY!

A typical home sale requires a stack of legal contracts that rival a collegiate dissertation.  If you are not explicitly familiar with every line of every contract and disclosure, you are putting yourself at risk, legally and financially.  A licensed Realtor is the best resource for the most recent regulations on industry contracts and disclosures.

COST VERSUS SAVINGS

The largest reason homeowners attempt to sell on their own is to save the cost of the commission.  Most likely though, you’ll still end up paying the buyer’s agent commission.  Buyers, especially first-timers, want guidance from an agent and therefore rarely purchase a home unrepresented.   Moreover, studies have shown that homes sold by agents typically sell for 10 to 25 percent more than those sold by the homeowner.  This is largely due to pricing, exposure and negotiations.   Is “saving” on the commission worth the “cost” of selling your home for less than top dollar?

So, what is the bottom line?  Before you place that red and white “For Sale By Owner” sign in your front yard, consider our advice.  Meet with a licensed Realtor—or two or three—in your area and see what we have to offer.  What do you have to lose?

2 Responses to "Think You Should FSBO? Think Again! "

Lukebouman | Pearltrees wrote: [...]Think You Should FSBO? Think Again!
With so much information available online, many homeowners entertain the idea of selling their property without an agent. Before you decide to go it alone, consider these key points: We are taught and tested by governing agencies of the state, and must operate under strict laws put forth by such. We are required to complete continuing education credits, and are constantly learning. Think all agents do is stick a sign in the yard, hold an open house, and fill out a couple of papers? Selling a home isn't like listing your used Chevy on Craigslist.
There are far more parties to a sale than just the buyer and seller. A typical home sale requires a stack of legal contracts that rival a collegiate dissertation. The largest reason homeowners attempt to sell on their own is to save the cost of the commission. So, what is the bottom line?
Luke Bouman Real Estate Team - Lukebouman. Lake Michigan's Gold Coast Real Estate Michigan | Lake Michigan Gold Coast Homes For Sale. View All Communities Overview This page features Real Estate along Michigan's Gold Coast which is about a 300-mile stretch of beaches along Lake Michigan which runs from South Haven, north to Traverse City, Petoskey and beyond. Along with Grand Rapids Michigan this Gold Coast was named Lonely Planet's top U.S Destination for 2014 and features some of the best real estate available in the entire country.
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Posted on Tuesday, October 17th, 2017 at 5:56am.

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There are far more parties to a sale than just the buyer and seller. A typical home sale requires a stack of legal contracts that rival a collegiate dissertation. The largest reason homeowners attempt to sell on their own is to save the cost of the commission. So, what is the bottom line?
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This True Masterpiece, Situated Near Lake Michigan, Sits On 40 Acres, With 2 Acre Pond And Outdoor Kitchen, Grill With Spacious Patio For Entertaining Surrounding An In-ground Pool. Clean And Secure Building Located In Holland, Michigan. Five Story Estate On Lake Michigan With 421' Of Private Beach Frontage And Almost 18 Acres Of Private Seclusion. Classical Hamptons Estate! U.s. 31 Commerical Land On The Ne Corner Of U.s. 31 And Greenly.
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Hudsonville Michigan Homes range from $50,000 up to $2,000,000 with a majority of the homes priced under $250,000. Real Estate Statistics Hudsonville Michigan Hudsonville Michigan Homes For Sale Value Is In The 80 Acres With 1/4 Mile Frontage On Riley And Greenly In An Area Of Commercial And Industrial Development Near The Ford Freeway. 3 Bed Home And Barns Included. Great Find: Cash Cow Investment Ld Residential Development, Opportunity Time With The Rebounding Economy. See Virtual Link! Beautiful Estate With Stables & Indoor Horse Riding Arena On 13.087 Acres. Location..location.. About Hudsonville Michigan. Lukebouman. Hutchins Lake Homes For Sale. Untitled. Lake Macatawa Homes For Sale. Lake Michigan Homes For Sale Manistee Michigan. 1. To View A House, ANY House This innocent action can end up causing a ton of headaches in the long run. Why? Well because, as a Buyer, if you end up wanting a home that you visited without your Agent; then you may be forced to work only with the Agent who made the home available to you at the time.
Therefore forbidding your own Agent, who has your best interests at heart, from entering negotiation on your behalf. Putting you to fend for yourself in a situation where you love a home but have zero leverage in negotiations. Do everyone a favor, and just call your Agent. 2. Are there dozens of online websites that will tell you the value of your home? Are any of these websites 100% accurate? And here is why… Every home, including yours, has a specific value and worth. That would be a terrible way to start off your Home Selling process, with inaccurate data. 3. But the key here is allocating your modifications in a way that will optimize your return. Best thing to do? 4. But do you?
5. Stop.
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Luke Bouman Real Estate Team - Lukebouman. Lake Michigan's Gold Coast Real Estate Michigan | Lake Michigan Gold Coast Homes For Sale. View All Communities Overview This page features Real Estate along Michigan's Gold Coast which is about a 300-mile stretch of beaches along Lake Michigan which runs from South Haven, north to Traverse City, Petoskey and beyond. Along with Grand Rapids Michigan this Gold Coast was named Lonely Planet's top U.S Destination for 2014 and features some of the best real estate available in the entire country.
Take a look at all the Gold Coast Real Estate Listings available below! Lake Michigan's Gold Coast Real Estate Statistics Lake Michigan Gold Coast Real Estate Michigan This Prestigious And Exclusive Waterfront Legacy Sits On The Banks Of Lake Macatawa, Stretching Over 38 Acres Of Waterfront Property. Modern 8,000 Ft Masterpiece With 360 Views Of The Dunes And Lake Michigan. 830 Ft Of White-sand Beach And 40 Acres Of Private Land. This Property Is Proposed Construction, Which Includes The 90 Acres Listed Under Mls #17029702.
Escape To Your Very Own Tree House On The Shores Of Lake Michigan.
Lake Macatawa Homes For Sale | Lake Macatawa Real Estate. View All Communities Overview Lake Macatawa (formerly Black Lake) is a 1,700 acre lake with access to Beautiful Lake Michigan. the lake contains 2 bays of significant size. Big Bay and Pine Creek Bay. The lakeshore of Lake Macatawa is marked by beautiful homes, an historic light house, beautiful condo developements as well as some commercial properties. Take a look at all the Lake Macatawa Real Estate and Lake Macatawa Homes For Sale that are currently available. Lake Macatawa Real Estate Statistics Lake Macatawa Homes For Sale This Prestigious And Exclusive Waterfront Legacy Sits On The Banks Of Lake Macatawa, Stretching Over 38 Acres Of Waterfront Property. Yachter's Welcome! Hard To Find New Construction, Custom Built Home On The South Side Of Lake Macatawa!
Fabulous Lake Views From This Beautifully Restored Lake Macatawa Home On A Half Acre, Very Private Cul-de-sac Lot. The Most Stunning 180 Degree Views Looking Southwest Over Lake Macatawa's Largest Section.
Lake Michigan Real Estate. Bay Meadows Real Estate Holland Michigan | Bay Meadows Homes For Sale. View All Communities Overview Bay Meadows is located between Lakewood Blvd and Ottawa Beach Road near Lake Macatawa on the North Side of Holland. The Zip code in Bay Meadows is 49424. Bay Meadows is a Beautiful Neighborhood with lush landscape. Tennis Courts, an in-ground pool, and Club House are all available for use. Bay Meadows Homes typically range in price from 250,000-$350,000 and as high as $400,000. Bay Meadows Real Estate Statistics Bay Meadows Real Estate You Will Have To See For Yourself This Completely Renovated 4700 Sq. This Beautiful Custom Built Executive Style Home Has An Open Floor Concept, Great For Entertaining And Families.
Bay Meadows Real Estate Holland MI There is a great selection of custom Bay Meadows homes for sale so please browse around to find the best fit. Copyright 2017 MichRIC, LLC.
Holland MI Real Estate | Holland Michigan Homes for Sale. Lake Michigan Homes For Sale | Lake Michigan Real Estate. You don’t have to look hard to find reasons to buy Lake Michigan real estate. Between the beautiful summer weather, endless recreation options, and the peaceful setting, it's no surprise that the shores of Lake Michigan are so popular. Whether you're interested in a lakefront condo, a charming cottage, or a luxury getaway, Lake Michigan homes for sale offer panoramic waterfront views that can't be missed. However, one of the best and most overlooked reasons to consider purchasing property in this desirable region is bringing the whole family together!
View our Lake Michigan real estate listings below, or continue reading to learn more about Lake Michigan homes for sale! Search Lake Michigan Real Estate Listings Map Data Map data ©2017 Google Map Satellite Come Play! Modern 8,000 Ft Masterpiece With 360 Views Of The Dunes And Lake Michigan. 830 Ft Of White-sand Beach And 40 Acres Of Private Land. This Property Is Proposed Construction, Which Includes The 90 Acres Listed Under Mls #17029702.
Lake Michigan Real Estate Michigan.[...]

Posted on Tuesday, December 5th, 2017 at 5:52am.

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