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Congratulations on your decision to market your home. It can certainly be challenging and I am sure you are being inundated with real estate agent information. Please understand this is not a solicitation, I want to extend my professional services to you in the purchase or leasing of your new home. In the meantime, this booklet is just one of the ways I offer value-added service to my clients.
I have additional information that I would be happy to share with you on how to successfully sell your home or if you would like my personal assistance in preparing your home for sale, I will gladly schedule an appointment for you. Over time, I have found that most homeowners will engage the services of a full service real estate firm if they are unsuccessful with the marketing of their property, or they learn lately of all the things that have to be done and properly coordinated. I have taken the liberty to include some Question and Answer topics below that will help you decide what you really want to do, as well as some basic facts of which very few are aware.
In return for the free “For Sale By Owner” Guidebook offered on my site, all I ask is the opportunity to tell you of my services should you make the choice to use a real estate professional. Until then, please do not hesitate to call me if I may be of assistance to you and good luck to you on the sale of your home.
And Here's Some Other Things to Consider....
This probably refers to the agent wanting to protect their right to a commission should you elect to sell to their client. In this case they will be asking for a "one-time-listing" for their "one time show." This is something the agent will probably come in and get you to sign before bringing in their clients. It identifies the client, the commission, and prevents you and that buyer from negotiating directly at a later time, with the intent to cut the agent out of the deal and not pay a commission.
When a buyer's agent has a client who makes an offer to buy your home, the offer will also ask you to cover the agent's commission - either directly or indirectly. Since the traditional arrangement usually includes two agents and the customary commission is approximately six percent of the sales price, the commission asked for in this transaction should be approximately half. There is only one agent involved.
On the one hand, you save money over traditional agent marketing. On the other hand, you don't make as much as if you sold the home at its full market value. Then, on the other hand again, sellers working with agents usually get a higher price for their home than seller who work by themselves. It is a difficult decision for you to make. Anyway, the offer will ask you to either pay the commission directly to the agent and their broker, or apply a "credit" to the buyer so that the buyer can pay the commission. Either way it comes out of the proceeds of your sale.
That depends on whether you choose to "cooperate" with agents or not. If you do not, agents will not bring buyers to your house. If you do cooperate, some agents will bring buyers, but if their client makes an offer and closes the deal, they will expect to earn a commission. A three percent commission is customary, but you can attempt to negotiate, too. Before an agent brings a client to your house, they will probably stop by and ask you to sign a "one time show" agreement. This prevents you and the buyer from negotiating directly in an attempt to not pay the agent’s commission.
My favorite place is the local bookstore rather than on-line. However, reading through this package will give you lots of tips, too. Most FSBO (for sale by owner) books are quick reading and "Robert Irwin" is an author who has covered it a couple of times. I recommend you buy a couple of books so that you cover the topic thoroughly.
The owner of the FSBO should have prepared for this contingency and have the proper forms available. You can also obtain forms from your local stationery store. Plus, there is a form available on line, but they charge a $4.95 fee.
You want a quick answer? People write entire books on this topic and one of the better ones is "Sold by Owner," by "Robert Irwin." It's like golf - it sounds easy. You just whack the ball a bunch of times until it goes into the hole. You may land in a sand trap or go out of bounds, but if you keep whacking at it, the ball eventually goes in the hole. Buying and selling real estate is the same way. If you are willing to do all the work, you can muddle through and get it done.
Remember: Introduction for Sale By Owners:
Buying and selling a luxury home or finding that special piece of Asheville Real
Estate with Kathleen Blanchette,
a fully licensed Asheville Real Estate Broker and Realtor, is a
comprehensive and thoroughly professional
experience in buying and selling Asheville Real Estate throughout the Blueridge
and Smokey Mountains, where efficiency, personal regard and concierge services are
guaranteed every step of the way. Keeping the Tradition of Integrity...,
and a Reputation for Results!
Whether its a North Carolina luxury homes on your own Private Mountain Estate in one of our uniquely designed plush Golfing Communities, Exclusive Gated Communities, Active Adult Communities, surrounding Lake Communities, or a great Condominium, Loft or Townhome, all of Greater Asheville and Hendersonville Luxury Homes are within reach with Kathleen Blanchette. Feel Free to browse the entire website of all available Greater Asheville Real Estate MLS and Western North Carolina MLS, for all Asheville Real Estate Properties, Land Acreage, Horse farms, Investment Properties, Commercial Real Estate, New Home Plans, as well as handy relocation and moving calculators, tips for buying and selling a house, For Sale By Owners (FSBOs) Center, city and school reports, and more. Just call us when you're ready to move ahead!