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InfoFAQ Expert Merchant - ByTheOwner.comFor Sale By Owner Tips
Q & A with ByTheOwner.com
 


Answers by ByTheOwner.com

"Real estate agents charge between 5-7%. When you sell privately, you do not need to pay this to a real estate agent... " 

Selling Your Home Privately (Without an Agent)

Can a U.S. based customer use your services or is it strictly International?

Anyone in the U.S. can use our service. Our service is available throughout Canada and the U.S.

How much money can I save using your service compared to using a real estate agent?

Real estate agents charge between 5-7%. When you sell privately, you do not need to pay this to a real estate agent. If your home is worth $400,000, then you will save between $20,000 and $28,000 selling your home privately. There was a recent study completed by Northwestern University that proved selling privately saves you more money. http://blog.bytheowner.com/2007/06/12/mls-vs-fsbo-study-proves-for-sale-by-owner-is-better/ 

Do I need to have any experience in using your service? Also, would you consider it user friendly and if so, why?

You do not need any experience, but you should educate yourself. There are lots of resources available online and in bookstores. We provide our customers with our “Guide to Selling Your Home Privately”. We try to make our website and service as friendly as possible.

How do I know what my house is worth and what tools are available to me to find out?

t will show you what other homes in your neighborhood sold for. In Canada, the local land registry has all the sold information.

Is selling a home on the Internet faster than selling without Internet exposure?

This is difficult to answer. It is true that 80% of homebuyers start looking on the internet, but you can also put a “house for sale” sign on your lawn and someone might come by that day and make an offer. Every home is different and every market is unique. There are generally buyers looking in every neighborhood. If you put your home up for sale by owner, you will have the opportunity to sell and save, but if you put your home up for sale with an agent, then you have an opportunity to sell and not save.

Are there any fees to selling my house using your service?

It depends on the area your home is located it. We see where our visitors are coming from and if we are popular in that area, then we charge for listing a home on our site. Our prices range from FREE in certain areas to $499 in certain areas.

What is the average days on the markets for homes using your service and do you offer tips and techniques in promoting faster sell times?

The average days to sell on our site averages between 45-80 days. The MOST important factor in whether your home sells quickly or not is your price. However, other factors, like home condition, time of year, demand in your area, also have a factor. To sell quickly with or without an agent you have to have a 1) good price, 2) good home, and 3) some advertising (signs, internet, newspaper).

Who do buyers contact directly your service staff or seller?

The buyers contact the sellers directly.

Is anyone qualified to use your service?

Yes. There are no restrictions. We just advise that you do some research and consult a lawyer first.

Do you offer loan assistance for buyers interested in buying the homes listed on your site?

No we do not.

Is there any money exchanged between both parties? If so, who handles the transaction of funds?

We do not become involved in the money aspect of the transaction. We suggest to consult your lawyer for this advice.

Who handles the paperwork between both parties and is there an intermediate between seller and buyer?

We advise that your lawyers should handle the paperwork. So owners handle it themselves.

What are the top 5 reasons for using your service compared to using a real estate agent?

1) Save money (thousands of dollars).
2) You are in control of the sale (showings, visits, appointments).
3) You are never under any outside pressure to accept an offer.
4) You know your home the best and can point out details to the buyer.
5) Save money (lots of money).

 



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