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Top 5 reasons you shouldn’t fsbo
in today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a for sale by owner (fsbo). there are several reasons why this might not be a good idea for the vast majority of sellers.
here are the top five reasons:
1. exposure to prospective buyers
according to the 2017 profile of home buyers and sellers from nar, last year 95% of buyers search online for a home. that is in comparison to only 15% looking at print newspaper ads. most real estate agents have an internet strategy to promote the sale of your home. do you?
2. results come from the internet
where did buyers find the home they actually purchased?
. •49% on the internet
•31% from a real estate agent
•7% from a yard sign
•1% from newspapers
the days of selling your house by just putting up a sign and putting it in the paper are long gone. having a strong internet strategy is crucial.
3. there are too many people to negotiate with
here is a list of some of the people with whom you must be prepared to negotiate if you decide to for sale by owner:
. •the buyer who wants the best deal possible
•the buyer’s agent who solely represents the best interest of the buyer
•the buyer’s attorney (in some parts of the country)
•the home inspection companies, which work for the buyer and will almost always find some problems with the house
•the appraiser if there is a question of value
4. fsboing has become more and more difficult
the paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. this is one of the reasons that the percentage of people fsboing has dropped from 19% to 8% over the last 20+ years.
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How a lack of inventory impacts the housing market
the housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. the market will continue to strengthen in 2018.
however, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. buyer demand naturally increases during the summer months, but supply is not keeping up.
here are the thoughts of a few industry experts on the subject:
lawrence yun, chief economist at national association of realtors
“the worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets. following the same trend over the last couple of years, a strengthening job market and income gains are not being met by meaningful sales gains because of unrelenting supply and affordability headwinds.”
sam khater, chief economist for freddie mac
“as we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season. while this year’s high rates – up 50 basic points from a year ago – have put pressure on the budgets of some home shoppers, weak inventory levels are what’s keeping the housing market from a stronger sales pace.”
javier vivas, director of economic research for realtor.com
“the dynamics of increased competition and buyer frustration are unlikely to change…in fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.”
if you are thinking of selling, now may be the time. demand for your house will be strong at a time when there is very little competition. that could lead to a quick sale for a really good price.
Indah itu ada saatnya sendiri jika kamu pandai mencari dan mengolahnya menjadi yang berarti,jangan bangga dengan hasil pemberian orang tua,banggalah jika kamu bisa membelinya sendiri dan pandailan merawat karena tidak mudah mendapatkan semuanya 😎 keep doing your best from your part,if you lucky bellieved your are the best first of all am not sure but this time always moving now iam sure about that 😇 #pelautindonesia#tanahairibupertiwi#tampaflorida#carnivalcruiseline#hollideys🌴#sanjuan#santhomas#puertorico#indonesia#kamitidaktakut#golekduit#dollarismylife#sayangkeluarga