How effective is it to do a sell by owner?

Posted by Admin on May 31st, 2010

I had my house listed with two separate realtors. The first one did nothing but let the house sit with a yard sign for 8 months. She did not advertise it, do open houses or bring anyone. The second did open houses, advertised on TV and the paper and got traffic through but they were looky loos. I thought price may be the thing and I could only go lower by paying only one realtor(the buyer’s if he has one) and saving on the commission from a listing realtor. My home is now listed with owners.com. How effective is it to sell ones own house?

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Posted in open house listing

Tags: loos, open houses, realtor, realtors, traffic

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One Response to “How effective is it to do a sell by owner?”

operababe_61 says:

May 31, 2010 at 2:24 pm

Nationwide we’re having a major market slowdown. In my area, there are 2 buyers for every 10 houses for sale. I advertise like crazy (in print and online) and I’m lucky to get one or two calls a week for each house. I hold open houses where no one comes all the time. It is a tough time to be a seller, no question.

BUT…

If you try to do it on your own you invariably attract:

People with poor credit who want you to carry back the loan
Investors looking to lowball you on the price
Scam artists

You won’t have agents showing your house because they either don’t know it’s for sale or they think they won’t get paid if it’s FSBO.

My advice is hire a Realtor with a great reputation in your area and have them give you their marketing plan in writing prior to signing the listing agreement. That way if they don’t do what they promise you can cancel the listing.

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How effective is it to do a sell by owner?

One Response to “How effective is it to do a sell by owner?”