What’s the biggest
                     advantage to you
                     selling on your own?




          Saving the Commission right?

Ed Finlan Managing Broker
Keller Williams Western Realty 360-610-SOLD (7653)
                                                     1
What’s the biggest advantage a buyer
would have in buying directly from
you?

The same commission you are trying
to save in most cases.

Is there any possible disadvantage to
you in continuing to trying to sell on
your own?
Who has the advantage in
negotiating?

You with one home to sell?

Or a Buyer with 10 to 20 choices or more?




      & the Money
How long have you advertised your
home for sale?
• How many calls did you receive last week?
• How many of those calls were from real
estate agents?
• How many people came to see your home?
• How many of those calls were from
investors or from people needing owner-
financing?
• How many needed to sell in order to buy?
• Did anyone make any offers in writing?
What would concern me if I were you:

  • Last month we sold a lot homes in your area
  and many in your price range …
  • And all those serious buyers didn’t come to see
  your home before making an offer on another
  property …
  • Can I explain why?
Serious Buyers …
  • Are pre-qualified and want to buy quickly. Almost all
  (97%+) buyers of this type work with a real estate agent
  because of our market knowledge, negotiation skills,
  contract skills and our services are “free.”
  • Buyers who are left over tend to be …
  • not in a hurry and casual lookers;
  • bargain hunters;
  • or unqualified to buy.
  •Real estate agents don’t show FSBO’s in general
  because they
  • must negotiate commission with the homeowner
  • do up to twice the work;
  • and assume more liability.
So you are left searching for a qualified buyer who’s
not using a real estate agent and is qualified and
willing to pay a fair price for your home.
 • It’s almost like going to Vegas - the odds are
 stacked against you.
 • Every year some people do sell on their own –
 statistics show that approximately 3% of all sales
 are For Sale By Owners’s to buyers they didn’t
 know BUT that their average sales price is
 dramatically less those of all real estate agents.
Even If You Win You May Lose
• Statistically the owner accepts less money
• You pay for advertising – it’s easy to spend more
than 1%
• It takes you longer to get the home sold
• Title and legal fees are often higher
 2010 Sales Price   With a Realtor FSBO
                         $199,300       $140,000
 2009 Sales Price   With a Realtor FSBO
                         $215,000       $172,000
 2008 Sales Price   With a Realtor FSBO
                         $211,000       $153,000
 2007 Sales Price   With a Realtor FSBO
                         $240,000       $180,000      In 2010 FSBO’s who sold
 2006 Sales Price   With a Realtor FSBO               to buyers they didn’t know
                         $239,000       $187,200      averaged $155,700 and
                                                      those that hired an agent
                         Source NAR annual Reports
                                                      averaged $168,000;
                                                      7.9% More!!!
Would you take 5% or more of the value
of your house …
• and give 2, 3 or 4% to a complete stranger?
• and send money to all the advertisers as a gift?
• and maybe spend extra money on payments, taxes, utilities
etc?
• and pay extra to an attorney?

If you sell your home on your own and net 5% to 7% less than
if you sold it through a real estate agent and paid the agents 3%
commission, isn’t that exactly what you are doing?
If you felt that you
                could actually get the
                    most money, the
Let’s go over    quickest sale and the
 what it will     fewest problems by
 take to get    giving me an exclusive
 your home        listing today, would
    sold.        you at least consider
                            it?
                                      10

Fsbo presentation

  • 1.
    What’s the biggest advantage to you selling on your own? Saving the Commission right? Ed Finlan Managing Broker Keller Williams Western Realty 360-610-SOLD (7653) 1
  • 2.
    What’s the biggestadvantage a buyer would have in buying directly from you? The same commission you are trying to save in most cases. Is there any possible disadvantage to you in continuing to trying to sell on your own?
  • 3.
    Who has theadvantage in negotiating? You with one home to sell? Or a Buyer with 10 to 20 choices or more? & the Money
  • 4.
    How long haveyou advertised your home for sale? • How many calls did you receive last week? • How many of those calls were from real estate agents? • How many people came to see your home? • How many of those calls were from investors or from people needing owner- financing? • How many needed to sell in order to buy? • Did anyone make any offers in writing?
  • 5.
    What would concernme if I were you: • Last month we sold a lot homes in your area and many in your price range … • And all those serious buyers didn’t come to see your home before making an offer on another property … • Can I explain why?
  • 6.
    Serious Buyers … • Are pre-qualified and want to buy quickly. Almost all (97%+) buyers of this type work with a real estate agent because of our market knowledge, negotiation skills, contract skills and our services are “free.” • Buyers who are left over tend to be … • not in a hurry and casual lookers; • bargain hunters; • or unqualified to buy. •Real estate agents don’t show FSBO’s in general because they • must negotiate commission with the homeowner • do up to twice the work; • and assume more liability.
  • 7.
    So you areleft searching for a qualified buyer who’s not using a real estate agent and is qualified and willing to pay a fair price for your home. • It’s almost like going to Vegas - the odds are stacked against you. • Every year some people do sell on their own – statistics show that approximately 3% of all sales are For Sale By Owners’s to buyers they didn’t know BUT that their average sales price is dramatically less those of all real estate agents.
  • 8.
    Even If YouWin You May Lose • Statistically the owner accepts less money • You pay for advertising – it’s easy to spend more than 1% • It takes you longer to get the home sold • Title and legal fees are often higher 2010 Sales Price With a Realtor FSBO $199,300 $140,000 2009 Sales Price With a Realtor FSBO $215,000 $172,000 2008 Sales Price With a Realtor FSBO $211,000 $153,000 2007 Sales Price With a Realtor FSBO $240,000 $180,000 In 2010 FSBO’s who sold 2006 Sales Price With a Realtor FSBO to buyers they didn’t know $239,000 $187,200 averaged $155,700 and those that hired an agent Source NAR annual Reports averaged $168,000; 7.9% More!!!
  • 9.
    Would you take5% or more of the value of your house … • and give 2, 3 or 4% to a complete stranger? • and send money to all the advertisers as a gift? • and maybe spend extra money on payments, taxes, utilities etc? • and pay extra to an attorney? If you sell your home on your own and net 5% to 7% less than if you sold it through a real estate agent and paid the agents 3% commission, isn’t that exactly what you are doing?
  • 10.
    If you feltthat you could actually get the most money, the Let’s go over quickest sale and the what it will fewest problems by take to get giving me an exclusive your home listing today, would sold. you at least consider it? 10

Editor's Notes

  • #5 Do you know why no one made an offer and why no one came out to see your home? Do you want to know why?
  • #9 Serious buyers are willing to pay a fair price when using a realtor but if they buy something where no sales person is involved they expect a bargain – Sellers are often surprised at how quickly the advertising dollars add up Extra taxes, payments, insurance, utilities, travel expenses hotels etc. The attorney who checks our work in ½ an hour will often times take a few hours to prepare a contract and review it and bills accordingly.
  • #10 I ’ ve taken the 15 minutes of your time I promised I wouldn ’ t take more than that – would you like me to go over what I can do to sell your home now or should we schedule another appointment?