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.
Tuesday, June 21, 2011
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