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Selling a home "For Sale by Owner" is when a homeowner lists their home for sale without the assistance of a real estate professional. While FSBO is an appealing option for some, a home seller needs to decide if they are up to the task! A home sale transaction is a tedious process that needs to be followed from start to finish in order to make sure the desired outcome of making it through closing is attained. Home sales are complex and time-consuming, but selling FSBO can be a viable option for experienced home sellers who are willing and able to put forth the time and effort it requires. However, selling FSBO does have legitimate safety concerns and potential legal and liability issues that can arise so a home seller needs to be comfortable with going it alone.
A Flat Fee MLS Service is essentially a FSBO, but one in which a home seller pays a fee to an MLS listing service in order to get the home marketed in the local MLS. In doing so, the home seller is able to cut out the listing agent's side of the commission therefore having to pay only one side of the commission to the buyer's agent for bringing the buyer to the sale. The MLS is the primary resource Realtors use to gather information for potential buyers and without listing in the MLS a home seller severely impacts the likelihood a Realtor or buyer will see the home they are selling. In addition, sites such as Realtor.com, Zillow and Trulia pull their data directly from local MLS databases further limiting the visibility of a home not listed in the MLS. Typically, the upfront fee is for the MLS listing only, however, some MLS listing services offer an "a la carte" menu or upgrade packages for supplementary services. If a home seller believes they may need some additional services, it may be more advantageous to consider one of the options below.
As the name suggests, a Limited Broker/Realtor provides limited services for a home seller. There is no industry standard for services provided nor on the pricing of supplemental services. Some may offer only a select few services, others may offer packages to choose from and a few may offer the sellers the freedom to pick and choose. This type of listing option may be ideal for experienced home sellers that only need help with a few tasks, however, they are not ideal for inexperienced home sellers or those that may have difficult homes to sell. If the help required is moderate to extensive a discount or full-service Realtor may be a better choice.
Discount Broker/Realtors offer partial services at a discounted rate and like Limited Service Broker/Realtors there is no industry standard as to what they offer and/or how their services are priced. As with Flat Fee and Limited service providers, Discount Broker/Realtors may offer a variety of "a la carte" and package services. Advertisements like "Sell Your Home for 1.5%" are typical discount Broker/Realtor ads, but please realize the 1.5% is just for the listing side of the transaction. A home seller would still need to account for the commission to the buyer's agent (typically 2.5-3%) for bringing the buyer to the sale. Thus, making the true commission on the sale to be in the neighborhood of 4-4.5% as compared to 6-7% for a Full-Service Broker/Realtor. Discount Broker/Realtors are volume based in order to make up for lost revenue so they usually have multiple listings which can result in slow response times to client concerns. While there are certainly reputable Discount Broker/Realtors, many of them are more likely to be inexperienced in certain areas. If you are not a seasoned home seller and require detailed information and quick response times, it may be in your best interests to contact a Full-Service Broker/Realtor.
Full Service Broker/Realtors provide a full compliment of services at no additional charge. They will tour the home to provide feedback in order to help you prepare the home for market as well as discuss upgrades and issues (if any). They will use the information gathered during the home tour in combination with sales data from within the area to determine a suggested listing price. To be clear, they each have different strategies they implement with varying results so it is important to understand and discuss in detail their plan for marketing your home. Unlike the previously mentioned options, Full Service Broker/Realtors take on additional expenses with marketing typically being the highest of those expenses. Also, where other options may charge an upgrade fee for additional consultation time, all time spent with and for the home seller is included in the fees for a Full-Service Broker/Realtor. Some of the time related activities could include, but are not limited to, in person and phone conversations with the home seller, data research, marketing, paperwork, showing appointments, contacting attorneys/title companies/loan officers, conversations with prospective buyer agents, contract negotiations, media content scheduling & implementation, inspections, appraiser appointments and conversations with any relevant party to the transaction. If you are an inexperienced home seller, have a home that will be hard to sell or do not have the time and/or resources to commit to selling a home then it may be worth your time to contact a Full-Service Broker/Realtor to discuss this option.
HD Photography ONLY
*Pricing subject to square footage, location and exterior features of the home on all Axiom360 FSBO Media Packages.
1080p HD Video Slideshow
Standard Package Plus:
Axiom360 3D Virtual Tour
Floor Plan w/Measurements
(2) Synthetic Twilight Photos
Want your images to stand out in a crowd? Our twilight photography highlights and enhances outdoor spaces by capturing images during unique lighting scenarios whereby ambient lighting gradually fades. Or on a budget, but still want to highlight exterior spaces? Our synthetic twilights will give you the twilight look at a an affordable price!
Want to show off your space, but not break the bank? We can virtually stage any space in your home or business at a fraction of the cost of full service staging!
Need aerial photography? A licensed & insured FAA UAS Remote Pilot will conduct all aerial photo sessions. Please Note: Using an unlicensed pilot may incur the hiring party fines up to $11,000 by the FAA. https://www.droneacademy.com/clients-of-unlicensed-drone-pilots-can-also-face-penalties/