Historically speaking one of the most visible aspects of selling a home is the open house. There has been a lot of talk lately in the real estate world about the validity of open houses as many who come to these events are not qualified buyers, rather they are just people who want to look around the home. But this has always been a reality of open houses and yet they continue to be held. One might think that there is some actual value to them. Let’s differentiate between the two major kinds of open houses that one can hold and how you can pull them off if you are representing your own home and not engaging the services of a real estate agent.
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As equities increase in todays housing prices, more and more owners are deciding to sell “fsbo” to save on the commission and also to have more control over the selling process.
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Don’t sell your home FSBO – you will be robbed, raped or god forbid – worse. The NAR has been promoting this fear mongering for years. Here is a direct quote from a “Realtor” Ezine article (please note - the author refers to himself as a “Seasoned Real Estate Broker”) titled “NAR(r) Broker Will Swear It - Real Pro’ Agents Share It - FSBO “Truth” - and I quote - “Sometimes, the “Truth” hurts. Yet, being ripped off, raped, or even worse – hurts a whole lot more. Ask any police officer if home sellers should open their doors wide to strangers.” Are you serious? So is that why we pay 6% sales commission to sell a home – Security/Background checks? Now it all makes sense – I finally understand the value – give me a break! There may have been a time when real estate agents actually “screened” clients before bringing them to your house – that said, I firmly believe it was done to determine what they could afford and weather or not they were wasting the realtor’s precious time. I guarantee I can set up an appointment – through a Realtor to view a house within the next hour – they will take my first name – PERIOD!
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