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There are very few places quite like Auburn. It's a lifestyle and a feeling. It's all things good in life, all in one place.

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Tuesday, December 6, 2016

Dont forget to grab your copy of our Bi-Weekly Real Estate Newspaper!

If you haven't yet grabbed your own copy of our wonderful bi-weekly real estate newspaper, Auburn's Real Estate Star, don't wait!  This easy and interesting reading paper is out in local breakfast spots, coffee shops, and several car dealerships and repair shops about every two weeks.

In it, you will find info and advice about real estate questions, loans, and property ownership, as well as a list of recent sales in and around Auburn.  If you would prefer having a copy personally mailed to you by us, just drop us an email at our editor's address, and let us know!

Here is the address to send to:

FSBO sellers leave a lot on the table

As you may already know, FSBO is common lingo for home-owners who decide to sell without the  help of a real estate agent. It comes from the abbreviation For Sale By Owner.  Since a lot of our clients have been disillusioned FSBOs, we’ve gathered a little insight as to why any seller would want to go it alone, without the help of a tested professional. 

Primarily they hope to save an agent’s commission, usually about 6% of the closing price.  They may also think that the process will be simpler by handling it themselves.  But what they’re missing out on is a chance to appear in the Multiple Listing Service, some solid advice on pricing, a chance to reach niche markets and out-of-the area buyers, great negotiating skills, and informed recommendations for specialists in every phase of the sale.  This includes licensed repair gurus, and advice or professional help in staging great open houses.  FSBO’s rarely generate as much buyer interest as homes marketed by professional agents. And those that do sell bring in a lot less money at closing time. 

The National Association of Realtors found that FSBO’s net out at an average of $40,100 less than homes marketed by realtors.  Whenever FSBOs show up at our offices, these are the services we enthusiastically put to work for them, but we never mention how wasted time has cost in mortgage payments, maintenance and utilitie, or how rising interest rates may have affected their pool of potential buyers.

by Annie Holmes