Selling your home can and should be a rewarding experience for you and your family. Helping you ensure that it is a safe experience should be a top priority for any homeowner. Recently, the news has been full of stories about Beverly Carter, a real estate agent who was kidnapped and murdered by a supposed “buyer.” Your safety is a serious business! Please take some time to review this For Sale By Owner Safety Checklist with anyone you know who’s thinking of selling their home, with or without a real estate agent. 1) Use the Buddy System. There’s a reason why the buddy system is so popular: there’s safety in numbers. With that in mind, plan never to be alone in your house with strangers. If you are going to be showing your home, make sure that you have someone there with in the house at the time. 2) Be a good shepherd. Often times, buyers will come in groups. If you have more than one person in your home, make sure that everyone keeps together as you go through the house, so you can keep an eye on them. Thieves often work in pairs; one can distract you while the other rifles through your home looking for valuables to take with them. Don’t give them the opportunity! 3) Make a date. Don’t allow people to just come by any time. Remember, you want to make sure that someone is there in the home with you, and that you’ve had time to properly prepare the home to … Read More
A month ago, I wrote a blog entry about a homeowner in Soquel who was having a blue light special on the sale of his home. I guess it didn’t work out so well – his Soquel home is now back on the market – for $829,000, or about $79,000 more than it was on for sale about a month ago. … Of course, this home is in Soquel, which is considerably more expensive, but the median there is only $610,000 (although the average is $843,000). This time around, rather than trying to catch the buyer’s eye with a lowered price, the seller is trying to catch the Realtor’s eye – with a juicy 4% commission to the buyer’s real estate agent. … A strong incentive, to be sure – but of course, we Realtors are duty bound to hold our clients’ interests above our own, and persuading your client to over-pay on a real estate purchase in exchange for a healthy commission seems like a breach of fiduciary responsibility to me.
Actually, a savvy Realtor will look at a FSBO like an opportunity ripe for the plucking – because most FSBOs will eventually end up listing with a Realtor after they give up in frustration trying to sell their home on their own. … Or if, somehow, he does sell the house for $100,000 that means he will have, effectively, sold the same house for 6% more than his neighbor just sold his. So, either his neighbor could have sold his house for more money, or the buyer of FSBO house at $100,000 is paying too much for it.
…For once, there’s a FSBO seller who isn’t interested saving money – he just wants to sell his house quickly, and is giving the buyer an opportunity to save some cash on the commission.