Home for Sale by Owner – Save Thousands

Real estate companies are getting rich in the overheated Canadian housing market. In Western Canada, demand is by far outstripping supply with many people living in tents while they wait for a home to be built. In Ontario and eastern Canada, the housing market isn’t as hot, yet people are buying and selling homes. When buying or selling a property these people have a choice between paying 5 to 8% commission to a realtor to market and show the property and help with other facets of the real estate transaction. The wonder of this Internet era is that many homeowners can sell their home on their own. You have direct to buyer access and to a high volume of qualified buyers.

You don’t have to go it alone though. There are marketing services that cater specifically to private home sellers. They’re called For Sale by Owner Home marketing services. They offer everything needed to get your home sold quickly without the major fees.

For Sale by Owner marketing services offer a compelling value proposition. They’ll help you sell your home, and even give you tips on how to go about it, for a range of low listing fees. They can be as low as $75 per half year or can be a complete marketing package for under $1000. Selling your home and enjoying a 0% commission is wonderful.

Big Fees for the Rich Real Estate Companies

Most real estate companies will charge 4% to 8% of the selling price of the home as their commission. That could be $32,000 on a $400,000 home. On a $2 million dollar house, you could be looking at a charge of $80,000. Now you know why so many people clamour to get into real estate sales. Not that real estate agents don’t work hard for their money. That’s not the issue.

Real estate agents work hard for their clients to deliver the best marketing services they can. Most of their commissions go straight to corporate head office, so it’s not like they’re getting rich either. Some agents don’t make a lot of money in real estate sales.

Real estate agents can list the home with an MLS service, and they help the homeowner prepare their property. They also assist in helping buyers find just the right home and take them physically to view the home. Their energy and hustle can pay off in certain situations. Some home buyers couldn’t get by without hiring a real estate agent. They may not have the ability to judge a property’s value and condition to make a sound buying decision. The real estate agent can help them avoid huge financial losses or buying a home that doesn’t suit them. For most people though, the house either suits them or doesn’t.

The issue is, whether you are okay about paying $8,000 to $80,000 of your hard earned money to do something you could do on your own. Homes prices routinely exceed $400,000 in the greater Toronto region and that’s just an average home price. Luxury condos in Mississauga go for more than $700,000 and in downtown Toronto for a million plus. At these mind bending prices, Ontario homeowners should investigate the possibility of selling their house or condo on their own or with a marketing service.

Homes for Sale By Owner

The Homes For Sale by Owner marketing business is very big today. There are numerous firms online specializing in FSBO. Many more people today are knowledgeable about properties that are up for sale and are comfortable with real estate transactions. Many are flipping homes to make a profit. They’ve learned a lot from experience. What they need most is help in reaching buyers after they’ve renovated a property.

Traditionally, there were few ways to sell your home and a real estate company and real estate lawyers were almost always part of the process. Home sellers listed their homes with an MLS service or with the big, franchised real estate agencies who had networks of offices and agents. It was expensive but inevitably they helped them sell it. They sellers wallet was a little lighter, but they didn’t seem to notice since the real estate agents would tell them what a great price they got.

The National Association of Realtors recently reported the most popular FSBO methods people used to market homes:
1. Yard Sign . . . 51%
2. Friends/neighbours . . . 53%
3. Newspaper ad . . . 31%
4. Open House . . . 29%
5. Listing on the Internet . . . 22%

Many FSBO home sellers do just use a sign out in front of their property and that may work well if the house is in a good, visible location with lots of passing traffic. Signs can be effective which is why real estate agents use them. The downside is that phone calls result from people who don’t know enough about the property before inquiring. A listing on a web page or in a print magazine provides information that helps prospects to qualify themselves. That saves the annoying phones calls and knocks on the front door.

Home Listing on the Internet are a growing trend. People can see the home’s details and location before inquiring. FSBO marketing services have plenty of visitors reaching their web sites and their print magazines reach deep into local communities. Those with both a web site and print magazine offer a tremendous value for home sellers and buyers.

FSBO Marketing

A homes for sale by owner marketing service is a compelling value. They will present your home in print magazines and on their web site. The rates they charge are very low, sometimes as low as $75 per half year. They may also offer information packages, tips, and resources on every aspect of selling your home. Homeowners often need nothing else to sell their house. One such FSBO service is Private Real Estate Corp. They publish the Private Real Estate News which is available in most cities across Ontario including Toronto.

After selling your home For Sale by Owner, you’ll realize you’ve saved a lot of money. It takes a long time to earn $10,000 to $80,000. That is why you need to look into an FSBO marketing service.