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San Diego For Sale By Owner
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San Diego Real Estate Appraisals Link Exchange and Directory
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San Diego FSBO
For Sale By Owner (or FSBO, pronounced "fizz-bo") is a real estate term that indicates property currently for sale (or previously sold) without the assistance of a real estate agent. It can also refer to the seller of such property.
History
Long before the Internet, companies existed that assisted property sellers in selling their homes "by owner". These companies provided free computer matched listings and monthly magazines full of "by owner" listings. Their goal was to use aggressive advertising techniques to attract buyers and provide them with lists of "by owner" properties for sale.
As the Internet market grew, some of these "brick and mortar" companies expanded to the Internet, while other companies took advantage of the Internet by creating Internet Only services.
Statistics
From the 2004 National Association of Realtors Profile of Homebuyers and Sellers:
* 17% of Homes were sold FSBO
* 24% of FSBOs stated that "getting the price right" was the most difficult part of selling their home
* The typical FSBO home sold for about 13% less than an agent-assisted home sale.
San Diego FSBO Tips
Consider the properties in your area. What have other homes in your neighborhood sold for recently? How do they compare to yours in terms of size, curb appeal, upgrades, views and condition?
Consider your competition. How many other houses are for sale in your area? Are you competing against new homes? Compare your home to the competition in terms of size, curb appeal, upgrades, etc...
Consider your contingencies. Do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in four months? Do you need to sell quickly, or can you wait? Setting the price and giving yourself time to adjust it if needed is very important.
Get a professional appraisal. For a few hundred dollars, a qualified San Diego appraiser can give you an estimate of your home’s value. Be sure to ask for a market-value appraisal with some pending sales and active listings included to give you a good idea of what you might want to offer your San Diego house for.
Be accurate. Studies show that homes priced higher than 3 percent over the correct price take longer to sell. Don't get greedy, and if you want a quick sale, you should consider your competition and appraised value.
Know what you’ll accept. It’s critical to know what price you’ll accept before beginning a negotiation with a buyer. |
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