Do you want to sell your Ann Arbor area home For Sale By Owner (FSBO)? Are you considering selling a home in Ann Arbor, Dexter, Chelsea, Saline, Ypsilanit, or
surrounding area, but you do not want to spend 6-7% in real estate commissions?
Would you like to have your Ann Arbor area home for sale by owner and not have all listing agents in town bothering you every day to list with them?
What if I told you that all of Ann Arbor area real estate agents do not want you to read about secrets in website?
What will these secrets do for you?
They will put thousands of dollars into your pocket!
Warning: Failure to read this article will cost you thousands.
First, let’s talk about why you would sell your home by owner and not list with an agent.
This biggest reason is money. Not just any money, but your money. You worked hard to purchase your home, and you made a very wise investment. So why would you want to throw away 6-7% of your hard earned equity?
Am I right?
To fully understand these powerful secrets that will save you thousands of dollars and many headaches, you must first understand why real estate firms charge so much money.
You already know that 6% that is paid is split 4 ways. Not 2 ways, but 4 ways.
Example: $200,000 sales price at a 6% commission equals $12,000. That's too much of your equity.
The first $6,000 is split between listing agent and his or her broker.
The second $6,000 is split between buyer’s agent and his or her broker.
Now, let’s assume that it’s a 50/50 split and after expenses and taxes each agent will clear about $1,800. Let’s also consider that about 80% of real estate agents out there do about 7-12 transactions per year.
So out of two agents involved which is more important to you when it comes time to sell? Is it buyer’s agent or listing agent? Let’s look at what they do.
The listing agent puts a sign in your yard, holds open houses (unless they are a top producer, then they’ll have a rookie do it), market and advertise your home, negotiate on your behalf, take all of phone calls, schedule showings, and present offers.
The two truly great things that these agents can do for you is to put your home in MLS and Realtor.com.
Heck you can do all of other things. You can buy a sign, put an ad in newspaper, handle all of paper work, take and return phone calls. What you can’t do is advertise in MLS and Realtor.com on your own.
So what does buyer’s agent do?
They have methods of attracting buyers through marketing and advertising.
They educate and qualify buyer and have them sign a contract. They then show them properties and help them negotiate.
Selling your home and finding an interested and qualified buyer that is not represented by a buyer's agent in Ann Arbor area is about as likely as winning lottery.
After all, buyer’s agent gets paid by seller, so buyer has a free source of listing information and someone who will watch out for their best interests during transaction.
Now you might want to accept fact there will most likely be about 2.5-3.5% of sales price paid to a real estate professional.
