All Forum Posts by: Paul Sorgi

Great job!

What did you think the ARV would be when you first bought the property?

It is awesome you got 50k over asking. Parts of the Boston market are on fire!

I use an attorney. He writes up the P&S and holds the deposits in escrow. Then handles the closing.

@Bryan L. and @Dawn Brenengen 

 thanks for the clarification 

@Dawn Brenengen thanks for the input.  What do you men by more work?  

@Jim Piper  Ok, misunderstood your post. Thanks for clarifying. 

I found that stat to be interesting and was wondering if it is a result of investors digging up the deals with their marketing efforts.  I also find it interesting that Yard signs is the #1 method of FSBOs getting a home sold.  

For Sale By Owner (FSBO) Statistics

• FSBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales.
• FSBO methods used to market home:
  • Yard sign: 36%
  • Friends, relatives, or neighbors: 28%
  • Online classified advertisements: 16%
  • Open house: 14%
  • For-sale-by-owner websites: 13%
  • Social networking websites (e.g. Facebook, Twitter, etc.): 7%
  • Multiple Listing Service (MLS) website: 7%
  • Print newspaper advertisement: 7%
  • Direct mail (flyers, postcards, etc.): 1%
  • Video: 1%
  • Other: 2%
  • None: Did not actively market home: 32%
• Most difficult tasks for FSBO sellers:
  • Understanding and performing paperwork: 18%
  • Getting the right price: 13%
  • Preparing/fixing up home for sale: 12%
  • Helping buyer obtain financing: 3%
  • Attracting potential buyers: 3%
  • Selling within the planned length of time: 7%
  • Having enough time to devote to all aspects of the sale: 6%

Source: 2013 National Association of REALTORS® Profile of Home Buyers and Sellers

@Bryan L.  Good advice maybe I need to raise my payout.  

@Ross Schneider I do agree that a good agent is well connected and that is a benefit.  If I decide to use the services of an agent I will only use someone who has a history of sales and has been around for a few years.  Most likely someone I have met and know they have a strong network. 

 My house is listed just not with an agent.