iRealty Flat Fee Brokerage
iRealty Flat Fee Brokerage, Inc.
Vanessa Carlson, Illinois Broker
 

For Sale By Owner Websites


Are you one of those people who are listing your home for sale by yourself without the help of an agent? If yes, then that process is called For Sale By Owner.
In case you didn’t know yet, FSBO listings aimed to cut out the intermediary, the agent, and prevent paying the associated commission in real estate. Many homeowners assume that they will benefit by taking a higher percentage of the income from the sale by getting rid of an agent. Nonetheless, this is not how things always turn out.

What is For Sale By Owners?

You will find some distinctions to For Sale By Owner that most sellers must understand before pursuing it. Are you planning to sell your home on your own? Then that only indicates that you are bypassing the commission costs but taking on all of the responsibilities and work that you would pay a real estate agent to handle. Remember that selling by the homeowner is a massive undertaking. You will be in charge of searching comps within your neighborhood and come up with a reasonable and appealing price for your home. It also involves marketing, paperwork, as well as legal compliance, which goes into the process of selling a home. Making an error in any such aspects can result to both legal and financial repercussions, which could have been prevented with the help of an experienced and licensed agent. Take note that some states do oblige sellers to do paperwork, such as closing and transfer documents with the help of a real estate agent. Therefore, if you want to do FSBO, you need to first check the laws within your state.

Questions? Call Now! 708-542-4577
The Problem with FSBO

The major problem with homeowners pursuing to sell their homes for sale by themselves is that most fail to value the nuances of the process. They also fail to appreciate the many skills that real estate agents bring to the table. Hence, it is not suggested for sellers who are only starting from scratch. An incapable seller working by themselves will often encounter different obstacles such as the need to deal with different complex paperwork and prevent real estate frauds. Even a minor error can cost the seller legality, money, and time. That only means For Sale By Owner is a massive risk.


When Does For Sale By Owner Becomes a Good Option?

Keep in mind that not every real estate transaction is complicated. In some cases, opting for the FSBO route can be a smart move. For instance, you already have a strong buyer who is interested in your property. You can work along with an appraiser to come up with a reasonable price for the property and a real estate lawyer to deal with the entire paperwork. What about if you don’t have a buyer in mind but still like to take the risk of selling by owner? Then you need to be certain that you understand what you are getting into. You can utilize different online tools to list and market your home, research the essentials of staging a property, and ensure you are following all the vital legal processes. Do not be shocked if it is overpowering. After all, there is a reason for that. Real estate agents get paid as much as they do.

Questions? Call Now! 708-542-4577  

How Does FSBO Compare to Selling with an Agent?

Are you still not confident whether you want to go for FSBO is the good or wrong option for you? You can check out the statistics from the National Association of Realtors that will help you have a clear idea of the things you will get if you choose this option. Some of these are the following:

FSBO homes sell for less. The standard FSBO home sold for $190,000. On the other hand, the standard agent-assisted property sold for $249,000.

FSBO isn’t a typical option. Many sellers agree that FSBO is not worth it, despite the amount of money you can save on closing costs. FSBO accounted for only eight percent of home sales in 2016.

It’s hard to reach buyers. The way you market your property is a big part of how efficient you are in seeking the perfect buyer. However, FSBO is not marketing in suitable places, as the statistics show. For instance, the most famous tools for these are yard signs, along with thirty-five percent of FSBO sellers employing this strategy.
On the other hand, only seven percent of buyers discover their property that way. What about word of mouth? Twenty-four percent of FSBO sellers utilized this as their marketing tool. Nonetheless, only six percent of buyers discovered their home in this method.

The Takeaway

It is your right to go to For Sale By Owner websites

No matter if it’s the wise option for your home sale. It is up for debate. Most of the typical concerns associated with an FSBO can be prevented with the help of a real estate agent. For most, the importance that real estate brings is well worth the commission fees, especially the ever-changing legal liability. Before you do a FSBO, make sure you perform the necessary research first. On top of that, you need to make sure you understand the challenges you are taking on. After all, the better off you will be if the more you know before you get going. 


Questions? Call Now! 708-542-4577
How Can iRealty Help?

As a brokerage company, we are a deemed element of the real estate community. That allows those people selling on their own to market, navigate, and transact within the real estate world.

Compared to giant national firms out there, our customer service is top-notch and situated right here in our local office. You will always receive service and answers that you deserve when you deal along with local companies, like us.

Are you ready to sell your property in the market? Get in touch with us today!

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What my clients are saying  

I worked with Vanessa a couple years ago to sell a house in the suburbs. Her assistance was professional & affordable. I would recommend her to anyone willing to show the property themselves and will certainly use her again when the need arises. Sincerely, Marc J

 

~ Marc J.

We found Vanessa when we decided to sell our house FSBO. We ended up getting our offer on the first day. Many think that this is a simple process, that they take pictures, write up a description and place on the MLS. What you don't see is the amount of work that goes into the process, pulling comps, getting the price exactly right, the negotiating process, communicating with all the involved parties, etc. etc. We originally choose Vanessa based on cost, only $299 out of pocket seemed like a no brainer but what you don't know is that she handles I cannot stress enough that she is your acting broker, you are selling FSBO but she acts and works as your broker. The only difference is that she does not take a percentage of your profits, she only takes her nominal flat fee. It is very surprising how she does this, why she would want to do this. I am guessing it is for repeat business which I am sure she gets a lot of given that she is a true professional and hard worker.

 

~ Christin R

Future home sellers, I want to let you know that I have been very impressed with the professionalism I experienced with iRealty. Vanessa Carlson kept me abreast of the steps required to complete the home sale process. When I had questions she responded quickly and offered helpful advice. She worked hard to help me sell my home. I recommend her to anyone desiring to work with a true professional. Marie Cooper

 

~ Marie

We wanted to take the time to say Thank You! for such a wonderful job you did in helping us sell our home. Your professionalism and your warmth made it easy to work with you. I have to say that you definitely went beyond the scope of work for us and if that is your company’s philosophy you should be very proud of that. In todays economy, having our house listed on all of the web sites you subscribe to was truly a benefit. We wish you well in your business and will gladly contact you again if we have any other properties for sale. People can’t believe when I tell them how reasonable your service is and the fact that the difference in selling it through iRealty directly vs realtor/broker commissions is huge. It allows a seller to be a bit more flexible knowing that they have that cushion. Thanks again for all of your efforts and we would be happy to serve as a reference for any iRealty prospective clients that you may have.

 

~ Frank and Debbie

For 2 years we had our house on the market with a Realtor. We had some showings but no offers.even though our whole house was updated. We decided to try one more time to sell; however, this time we would sell the home by ourselves. A few days after we put a sign on the lawn and on the corner advertising that our home was for sale By Owner we met Vanessa at a home show. She explained her services and she was down to earth and seemed so genuine that we decided to give her a try - especially since the home was still By Owner; we just now had perks of having the home being advertised as if I had a realtor. We had it up for sale for 6 months and had 3 contracts on the home and we did recently close. Vanessa was great to work with and even recommended a lawyer for our closing. The difference was truly amazing. I would recommend Vanessa and IRealty to anyone.

 

~ Cherie and Carl

Hey Vanessa, Thank you so much for all the help you have given me with this property listing. Choosing to use an alternative form of listing service was a gamble, but this has turned out very well. From the beginning the service has been exemplary with a well thought out, well constructed, user friendly web site; prompt replies to my various calls; and above all, truly professional service. I will certainly recommend your brokerage to others. Thanks for everything and please feel free to use me as a reference.

 

~ Denise

Nothing but good things to say about Vanessa,she was very thorough in everything she did. She was my agent on a number of properties and i had no hesitation recommending her to some of my friends.In a tough market her experience and professionalism was invaluable and when i need an agent again i would immediately call Vanessa.

 

~ Vinny

I was very fortunate to meet Vanessa at the right time in this interesting real estate market. Her professional manner and knowledge of current conditions were very helpful in managing a profitable sale. I look forward to working with her again.

 

~ Aaron K.

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