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Jill Johnson & Jim Basquette
The Basquette Group of Huff Realty
10020 Montgomery Rd.
Cincinnati, OH 45242
513-376-0877 Jill - 513-703-6523 Jim Contact Me
Can I Sell My Home Myself?
Of course you can sell your home yourself!
The question is should you sell your home yourself.
Studies show that 38% of people who sell their home themselves do it to save a commission. I can understand that, it sounds reasonable and seems easy enough. 6% or so, seems like a lot of money. The majority of the others do so because they already know the buyer.
Studies also show that homes sold by the owner sell for 15.4% less than homes sold with the assistance of a Realtor. What happened to the 6% savings?
Why has it has become a loss of 9.4%(15.4%-6%=9.4%).
There are several reasons.
1. Usually people looking at FSBO (For Sale By Owner) homes expect to pay less. They are shopping there because they want to save the 6%. After all, it's the same home, with more work, more risk, less service and more difficult to negotiate. Why should they pay the same price.
2. Owners don't have access to the right marketing tools. They can't use MLS, Realtor.com or most other websites. See how the FSBO websites compare to the Realtor websites below. Also check out the "Why List With Us " page under the Sellers tab.
3. It may be the first or second time an owner ever sold a home. They just don't have the time, experience or the know how.
FSBO transactions have steadily declined over the last 12 years from 18% of sales to just 9%. Half of those already knew the buyer.
The majority of FSBO homes are eventually listed with a Realtor. If fact of all homes sold, 5% were previously FSBO homes that didn't sell.
If you are interested in selling you home yourself, in spite of the facts, I hope you beat the odds and can do it. If it doesn't work, I also hope you will call me. I would love to represent you in the sale of your home.
Professional Services for Sellers
The process begins with evaluating your property to make sure it is in the best condition to secure the highest return. Your property must align with the competition and be promoted to the appropriate buyers. Elements of the Selling Process
We will explain:
State agency disclosure
State property condition disclosure
Fair Housing requirements
Federal lead base paint disclosure
Deed and title
Mortgage pay off
Work to obtain the most favorable
price and terms
Work to obtain sale of greatest
Screen buyers’ qualifications
Prepare and deliver counter offers
Refer you to a title and insurance
Follow-up on financing and appraisal
Manage contingency removal
Coordinate the title search
Coordinate home owners insurance
Arrange an owners title policy
Schedule closing, review settlement
documents and attend closing
Provide you with post closing follow-up
Marketing Your Home
Evaluate home for marketability
Provide market research
Provide a dynamic marketing plan
Refer you to a relocation expert if moving from the area
Perform follow-up and prospecting activities to maximize sales
Establish good coop relations
Provide showing feedback
Provide market activity and market trend updates
Evaluate competitive position, recommend solutions to objections
Copyright 2019,MLS of Greater Cincinnati, Inc. All rights reserved. The broker providing this data believes it to be correct, but advises interested parties to confirm all information before relying on it in a purchase decision. The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real Estate listings held by brokerage firms other than Basquette Group of Huff Realty, are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not include all the properties available through Broker Reciprocity. IDX information is provided exclusively for consumers’ personal, non-commercial use. IDX information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Information last updated on 2019-03-25