Real Estate Articles Should one Sell Real Estate FSBO or with a Traditional Real Estate Agent? The Real Estate Under Ground. Stop Screwing Around, And Make Money In Real Estate This Month Without Credit Checks. It was with great sadness that I learned that my good friend and the little league coach for my son, Larry, was leaving the area for a new job in another state. Having just started an internet marketing service for FSBO Sellers, FSBO Volusia, I called Larry to discuss how he was going to market and sell his home. Larry told me that he decided to list his home with a local real estate agent and was asking $519,000 for the property. Larry said he wanted to move the home quickly so that he would have it under contract prior to his transfer. I asked how he came up with his asking price. Larry explained that his real estate agent had shown him a CMA (Comparative Market Analysis), and based on past sales and the two other homes for sale in the neighborhood they had arrived at the $519,000 asking price. Larry went on to say there was a very similar home in the neighborhood with an asking price of $525,000 and his agent suggested that they set the asking price at $519,000 so that everyone who looked at the more costly home would also take a look at his home. This all seemed to make good sense to me and I asked Larry how much he expected the house to ultimately sell for. Without hesitation, Larry said he felt it would sell for an amount very close to $500,000 and that he knew the home would appraise for at least that much, if not more. Larry, I said, this means you expect to net $470,000 if your home sells for $500,000, after you pay 6% or $30,000 to your real estate agent. Larry looked at me and wondered where I was going with this. There might be another way to market your home for a quicker sale and greater net to you as the owner. You mentioned that with an asking price of $519,000 you where competitively priced and that you expected to sell your home for close to $500,000. What would happen if you tried to sell your home on your own with a starting asking price of $499,000? You could use $3000.00 to market your home yourself, leaving $6000 for negotiating with the buyer. You sell your home for $490,000 or an additional $20,000 in your pocket. The buyer would pay less and you would net more. It is a win win situation for the buyer and the seller. Real Estate Investing Blueprint Finally. A Practical, Step-By-Step, Blueprint for Making Money Buying & Selling Real Estate Even if Youre Starting from Scratch . 100% Guaranteed. Larry looked at me with some disbelief and asked, so what is the down side to this whole scenario. There is not much down side, I explained. To receive the extra dollars in your pocket and the potentially quicker sale you will have to do a number of the things that a real estate agent normally would do. As an owner seller you will have to let the world know that your home is for sale and at a very good price. We left $3000 in the plan to use for marketing; this should include on-line internet marketing, local print media advertising, and signs, both at the property and directional signs. One should conduct a few open houses, and most importantly sellers have to be available to buyers. Wow, Larry said, that does not seem too difficult for potentially $20,000. But what should I do if a real estate agent shows up with a customer? Well let's do the math. If you offer the real estate agent a 3% commission to bring you a buyer and you sell for $490,000 you will net $475,300 or $5,300 more that your first scenario where you start at a higher asking price, accept a higher purchase price and net only $470,000. Once again it is a win win situation, in this case the seller wins, the buyer wins and the real estate agent that brought the buyer wins. FSBO Tips - Real Estate Secrets Real Estate Secrets Will Save You Thousands. Now it was time for Larry to look at me sadly. I wish I had spoken to you before I signed a three month contract with my real estate agent, said Larry. I may have been able to sell my home quicker, for less money from the buyer, and still net more for my family by selling FSBO. Paul Wilken http://www.fsbovolusia.com