Tuesday, June 21, 2011

FSBO Showings

The alternative path to selling a home can be something of an enigma. For Sale By Owner properties are cropping up everywhere - perhaps as a no-vote to the high costs of real estate agents out there looking out for number 1.

Though I'm new to the FSBO selling arena, I have found that good old-fashioned marketing can do wonders in a down market. In just 3 weeks, we've had 2 real leads. Sounds low; however, when you consider that we've not paid too much for a listing on realtor.com or in signage (road), this is a hopeful sign when economic indicators point downward. The site, forsalebyowner, has been an asset to our selling endeavors. Site stats show promise but more leads are coming in from realtor.com - possible through forsalebyowner.com. An ad campaign on Facebook didn't net the results I was hoping for; google ads might be another ploy if we get desperate...but we're not (thank goodness).

Another friend indicated that it takes 6 months in a down market, so stick it out. And, that's alright. It gives us plenty of time to hunt for another property to buy in our (hopefully) near future.