Agents do not need to be scared of FSBO’s aka For Sale by Owner properties

    Santa Clarita FSBO, For Sale by OwnerSome home owners just want to do it themselves. The same with changing the oil in their cars and installing batteries and brakes, my dad was that way.

    I don’t think my dad would have sold his own home, but the other things he did himself.

    Until one time when he installed the brake pads backwards – that was quite a ride that could have ended in tragedy, but didn’t.

    Today we had a story out of Detroit where a For Sale by Owner property sold back in August.

    The owner of the property said he sold it himself.  Which, according to the article, was apparently true.

    However, after looking at the local market and within the local Boards of Realtors data, it would seem that most homes, at that time, were entering escrow within two weeks and closing from 30-45 days later.

    I know you want to ask – so I’ll tell you ūüôā . ¬†It took this For Sale by Owner 8 months to sell his home at a savings of roughly $10,000.00 in commission to a realtor.

    I’m wondering how much his house payments were? ¬†Let’s say his payment on a home he sold at $350,000 was $2300.00 a month.

    That is if he owed 300k and if he had a 6% interest rate (which would seem likely at the time which the home was purchased).

    Allowing $1k a year for insurance and an estimated $5k a year for property taxes.

    $2300 X 6 = $13,800.00.  Notice I added up the payment for 6 months not 8, because Realtors were closing in approximately 2 months, from start to finish.  He took eight, so I wanted to give him the benefit of the doubt.

    If he had hired a realtor he would have saved roughly $3800.00.  Also, he may have sold him home for more $$$, which studies have shown.

    Be safe and hire smart before embarking into the real estate sales world.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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