We are Not an "Expense." Rather, an Opportunity for Greater Profit Potential.
There are many questions a prospective For Sale By Owner seller needs to ask themselves when considering the many variables at play in the exchange of hundreds of thousands of dollars in property. How do you know you're pricing the property appropriately? Do you know all the nuances of your neighbor's property that caused it to sell for the price it did? How are you going to market the property? How do you know your buyer is qualified? Can you trust this person who called you off your yard sign? Is the buyer's Realtor going to take advantage of you? Do you have all the required f
orms and contract paperwork? Is the buyer requesting repair concessions and are they legitimate requests? Process and deadlines? Is the buyer keeping up with their loan requirements? Adverse situations presented? Preparation and experience are key. Here are the biggest reasons why For Sale By Owners consider going at it alone and how we can provide a better alternative.
The biggest reason people choose to list as a for sale by owner is to save money. Most often, they are willing to pay a buyer's agent commission, but want to save the 3% commission on the listing side. Nothing communicates more value for a property like quality representation from a top caliber Realtor who invests in the materials necessary to bring you peak dollar figure. We know the Austin Metro Market. If choosing to be a For Sale By Owner is really hinging on 3%, we can offset that amount by what we bring to the table and procure a better price for you. Statistics don't lie! According to the 2014 Profile of Home Buyer's and Sellers conducted by the National Association of REALTORS, the median selling price for all For Sale By Owner sales was $208,700 compared to $235,000 for all agent-assisted home sales! That's almost 12% higher! Also, according to a study by Collateral Analytics Research of millions of home sales in 11 states including Texas, concluded that For Sale By Owner sales sold for a 5.02% to 7.26% lower average price per square foot than MLS sales with an agent, depending on the area and time frame.
Professional photography, tech saavy agency, full-color flyers, featured domain names, video tours, networking exposure, social media marketing, professionally designed yard sign, and more are just a few of the modes of marketing we provide to bring you the highest dollar the market will allow.
We are area experts who supply high level marketing materials, networking contacts in the thousands, and mass internet exposure to over 40 websites. We don't rely on drive-bys to get the job done. Unfortunately, the public and industry perspective of for sale by owner's is that they will be difficult to work with in negotiations, contract work, scheduling, or all of the above. Perception and lack of exposure to the market limits the amount of potential buyers for a property. The less people you get in the door does not lead to the best outcome.
We feature showing services so that you never have to be bombarded with phone calls for showings, simply approve or decline from a text message! Further, we use durable, electronic SUPRA lockboxes that tell us immediately who is in your home and when they accessed. We qualify buyer's to the best of our ability to make sure that the people making you an offer are qualified to get the deal done.
Contract Management and Coordination
Due to hundreds of thousands in real estate at play, there is a seemingly endless list of unorthodox situations that can be presented in this industry. Having experience in your corner to help prevent the transaction from capsizing is always an advantage. We've seen many a variety of obstacles and can help navigate you through them should they arise.
We have expert transaction coordination that ensures all the necessary paperwork is filed and deadlines are met. We also make sure the other side is doing their due diligence towards getting the deal done and fulfilling their requirements. No more wondering whether the other side is getting things done. We know the questions to ask to make sure the buyer is where they're supposed to be. We keep in touch with the title company and the lender to make sure everything is received and on schedule, including reviewing the Settlement Statement at the end to make sure everything is accounted for.
If you're interested in speaking with us about the process of selling with an experienced, licensed Realtor and would like more information, contact us below.