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Wednesday, July 2, 2008

Less than 10% of For-Sale-By-Owners will sell their homes without outside help

The vast majority (90%) of For-Sale-By-Owners that will sell their houses WITH outside help will do it with a real estate agent!!!

Of the 10% that do sell WITHOUT outside help, 60% will sell to someone they know, or to a relative.

If you are a For-Sale-By-Owner, don't get too depressed. Most of the ex-For-Sale-By-Owners are probably not well organized and have the wrong mindset. As a matter of fact, most fail to have a clearly defined plan of action (well... not all, some).

They don't attract enough potential buyers and by not having any serious buyers, they fail to get offers on their home. Many give it a less than really motivated go and then they give up after a couple of weeks. This can cause considerable stress within families and can damages relationships.

If you really want to do it by yourself, you must act differently than those who just put a small effort into it. So the first thing you should do is to Decide In Your Own Mind That You Can and Will Sell Your Home Yourself.

The key is to have the right mindset when you start. Understand exactly what you are doing, talk through the issues with your spouse and make the commitment. It's not that easy to sell your home. (Thats why real estate agents exists!)

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