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Martha and Don Woods - selling New Smyrna Beach real estate

  New Smyrna Beach & Edgewater/Oak Hill, Florida

  Homes, Land, & Condos - Beachfront, Oceanfront, Riverfront, Inland 

  Real Estate Sales & Listings

   Don Woods, REALTOR®

Direct Phone : 386-478-9202 email us

 

216 Flagler Ave

New Smyrna Beach, Florida 32169

Life is Short

Thinking of Selling Your Home Yourself? Fuhgedaboutit!

I hate acronyms: IOUs make me nervous, "yuppies" drive up the price of Chardonnay, and ASAP is my editor's way of telling me I missed a deadline. But the acronym I dislike most is FSBO. Pronounced "fizzbo," it's real estate jargon meaning "For Sale by Owner." Each year, some 850,000 or 15%-of the 5.6 million homeowners who put houses on the market try to save the 6% or so broker's commission by handling the sale themselves, according to the National Association of Realtors.

If you're like most sell-it-yourselfers, listen up: Don't waste your time. A good agent can bring more potential buyers to your door, not only because 85% of buyers still shop through a broker, but also because there's a real skill to pricing and selling a home. Trust me on this. When I dropped out of law school (don't ask), I spent two grueling weeks studying for a real estate license, a process far more complicated than my best friend's aunt's sister-in-law led me to believe when she sold me on the idea. Yes, I passed. And one of the many things I learned was that agents handle lots of the grunge work (lawyers, insurance, loan searches) that are part and parcel of a real estate transaction. That's reason enough to hire one.

More important, your fizzbo may leave you with less dough than if you had used a broker. Why the shortchange? Some fizzbo sellers price their homes too low, missing out on big profits. But far more homeowners overestimate their home's value, and that keeps bidders away. The longer a home goes unsold, the more would-be buyers wonder why and back off. If there's little competition for your home, you're likely to get lukewarm offers. "A real estate pro knows how to price your house to move it quickly," says United Homeowners Association president Jordan Clark. One last point: Buyers know you're aiming to save a buck when you try a fizzbo. So they'll expect you to share your "savings" by accepting a little less than your asking price.

from: Family Money November/December 2000

by: Gary Belsky, coauthor of Why Smart People Make Big Money Mistakes-And How To Correct Them (Fireside; $12).

 

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10 ways home sellers blow a sale

- Contact us for -

Local Knowledge & Experience Working for You

Don Woods, REALTOR®
SeaLand Real Estate.

Direct Phone: 386-478-9202

new smyrna beach real estate internet savvy e-ProfessionalsWorking with the best pays off.


Revised: March 03, 2010 .