Did you know that only 2% of all For Sale by Owner homes actually sell? Yes, that is correct. 97% of homes are sold through the MLS and/or Real Estate Agents. (the other 1% are private deed transactions).
90% of all for sale by owner eventually list with an agent several months down the road. And in a falling market (like now), this has the effect of generating an even lower NET at closing. How about waiting until Spring? Again, in a falling market (prices through Spring 2011 are expected to fall 12 to 14%), this means approximately $28,750 less for your home, at an asking price of $250,000, or $46,000 lower net for a $400,000 home. Too big a number to comprehend? Here's an easier one:
$159 per day of equity lost if you're priced at $250k, and
$255 per day of draining cash for the $400k home - when you put it off 'til Spring.
We love For Sale by Owner. It's our passion. Should you try to sell For Sale by Owner? ABSOLUTELY! You want to attract every possible buyer to net the most at closing. But selling only through the FSBO channel is akin to putting all your chips down on 32 black: you are gambling on very low odds.
Every FSBO Seller wants to save on commission. Every FSBO buyer wants a lower sales price. The two sides rarely meet in a comfortable middle... The solution? It's SIMPLE. Attract the most possible buyers and the highest Net Check at closing with our $199 Up Front Listing Program. You get full MLS Exposure + the highest traffic Colorado For Sale by Owner site.



Steve Higgins is a FSBO Expert and Author of FSBO PowerTool and is a licensed Realtor and Broker Assoc. with MarketPlace Realty.
Higgins Colorado Real Estate Group is the First Name in Colorado Real Estate.
Get listed today, call Steve at 720-353-4451 or Steve@BestFSBO.com