This real estate buyer and seller agent referrals company and educator doesn’t hesitate to explore how people may have a very positive for sale by owner experience. The 6 minute interview reveals how a 75 year old woman sells her vacation home on her own.
A new 6 minute video was just released by Skyfor, Inc. on its Buyer Agent Search site to help educate those sellers who are considering first selling their home as a "for sale by owner (FSBO)" before buying a new one with a buyer's agent.
Owner Jan McCasland of Evergreen, Colorado did not want to pay a seller agent commission on a second home she has owned for many years. In the video she explains why she chose to sell it herself. This is the second time she has sold a home as a "FSBO". Her perspective on the advantages and disadvantages of not using a real estate professional are outlined in the video, which can be viewed at http://buyeragentsearch.com/sale-owner-fsbo-best-option-jan/
She explains how she marketed her property In the small town where her property was located "word traveled fast and they all wanted to buy one without a real estate professional".
She just went to the title company, and they did all the footwork. She just provided the current tax information, and the agreement that she was willing to sell. The woman interviewed claimed that the process went "as smooth as glass"
She got the rules for how the process should go from a REALTOR friend she knew. She also prepared the home up front so she would not encounter any surprises.
Jan explains how she used the free services of two real estate professionals to come to see the house, show her comparable properties, and recommend a good selling price. They did this with the expectation that if Jan had decided to use a REALTOR, they would probably be the first in line for consideration of Jan's listing.
Jan kept a list of friends and neighbors who had expressed an interest in buying the home should she ever consider selling it.Towns people passed the information to other friends, and one of them ended up buying the property.
The interviewer, Kathleen Chiras of http://BuyerAgentSearch.com, asked Jan if she was concerned about the inspection phase, where a buyer can get out of a sales agreement very easily of the property does not meet their inspection criteria. The seller explains that this was not a problem, because all repairs and improvements were done to code, and she had maintained the property well. The result was no surprises during the inspection phase.
Another factor which helped in the FSBO process was the fact that Jan did not need to buy another home, so she could be flexible about the timetable on selling her vacation home.
There was one issue that did come up. On the title, the county did not have a correct record of the current ownership, so the owner had to hire an attorney to straighten that out, and it did cause a small delay in the closing.
The viewer will discover towards the end of the video that this particular seller ended up with $10,000 less than she had planned to sell her home for,. However the amount was still in a comfortable range of the seller's estimation of value. The interviewer notes that it is important for sellers to not let their notions of what they think the property should sell for override the market reality of what a willing buyer thinks it is worth, as is reflected in their offer.
The producer of the video, Skyfor, is a Denver based company that helps people connect with top buyer and seller agents. It's goal is to give consumer insider tips and education about the home buying process. Other videos may be seen on its Youtube channel at https://www.youtube.com/channel/UCjbX1mE37g9WneSOEJe4Dbg
