Advantages and Disadvantages of FSBO

FSBO also known as For Sale By Owner has definite advantages in certain situations. What made it popular to home owners is the cost they save on realtors’ or brokers’ fees. At most, home owners save up to 6% of the asking price when they opt for FSBO. At times, this amount can be tempting enough to forego the realtor’s services. But before you make a decision, let’s take a look at the advantages and disadvantages of going the FSBO route.

Marketing

Realtors have marketing leverage. They can list your home in MLS plus they have contact with other agents through their network which gives you the advantage because you are sure to reach wider prospects. On the other hand, since realtors handle multiple clients at once, you cannot expect them to devote their time on your property alone. It is true that realtors can list your home in MLS but it will only become as one of their many listings.

Property Showing

When you hire a realtor, he will take care of showing your property to prospective buyers. He will help you prepare or stage your house before the showings. He will answer questions from buyers, set up open houses and handle financing and closing issues. With FSBO, you will be doing all these work by yourself.

Money

With FSBO, you can save up to 6% of the asking price. Let’s examine this further by taking a look at these situations:

• You will be paying your own advertising – online listing, local papers, making of signage, flyers, posters, and print ads.
•  You will be paying for an attorney who will be handling the legal issues and drawing up of contracts.
•   If you don’t know how, you will be paying for a consultant who will do the comparative analysis of your home.

Do you think you can still make the most money after examining these costs? Do not forget that when you choose FSBO, you will also invest time and effort in the selling process.

Are you still decided to go with FSBO? You can skip the marketing and property showing and still save on the realtor’s fee by selling your house to private cash investors.

Sell your house for cash to Lucas Properties LLC. Unlike realtors, they do not ask for commission. They take away the strain by taking care of the closing documents making every transaction hassle free.

Sell Your Apartment with Proven Marketing Tools

Today, I will share some of the tools that can be used by property owners who would like to take control and would like to sell their properties on their own. These tools have been proven to yield positive results may it be in selling a property or getting leads. There is nothing wrong with hiring a professional skillful agent to help you out but this is a fact that an agent does not work for you alone. Most likely, he has other listings from other clients so it would be impossible for him to devote his time to selling and marketing just your apartment.

Personalized Website

Note that I said ‘personalized website’ and not just a website; this means that you have to have a website dedicated for your property alone. You can always list your apartment to as many online listing as possible but yours can only be one of the many. These sites’ designs are limited and may not have the ability to showcase the specifics of your apartment. Websites nowadays are easy to make and publish. Some of them are even free. They are so easy to make that even an average person can make use of the ‘drag and drop’ features. You will have a unique website in no time.

Different Photographic Approach

While standard photography is the foundation of the huge majority of marketing campaigns, it is imperative to use other types of photography if you want to stand out from the rest. Aerial photography highlights a home’s selling features such as landscape, lot size and shape, pool and the surrounding areas. Dusk photography, on the other hand, gives a dramatic effect and ‘wow’ factor bringing your apartment to life and helps buyers to envision themselves returning to a welcoming home. You can upload these photos to your own website and any other listings.

Social Media Marketing

Have you heard of Facebook? How about Twitter? If your answer is NO, then you missed two of the biggest social media which play an important role in online marketing. Social media sites such as Facebook and Twitter allow you to target individuals in specific location. Therefore, you can create ads that will target these people and even direct them to your personalized website.

These are not the only marketing tools that you can use to sell your apartment. You can also combine the modern techniques with the traditional ones. Remember, the more people who are exposed to your property, the better chance you have of selling.

If you don’t want to wait for buyers to come to you, sell your apartment for cash to Lucas Properties. As a private investor, Lucas Properties offers a quick and guaranteed sale.

Tips on Land Selling

Some successful ways in selling land include researching for possible uses of the land, reaching out to developers, knowing comparable prices in the market, and developing advertising and marketing plans to reach out as many potential buyers as possible.

Research plays a major role in preparing your land for the sale. Owner will be wise to gather as much information as possible so he can answer the questions presented by buyers. Ask the city service for zoning restrictions, contact local health department for septic tank requirement, obtain the most current survey as possible, determine the lot acreage, shape of the lot and everything that sits on it. These information might be the selling points that buyers would like to consider.

Setting up the right price can help you a lot towards your goal which is to sell your land quickly. You can work with a real estate professional to do a market analysis or you can do a research on your own. This depends on whether you have the time or expertise to do the job or not. Appraising the land will also guide you in determining the appropriate asking price. When you set the asking price according to the appraised value, take note of the market condition. Is it up or down? Under these conditions, your asking price basing on the appraised value will be more or less than the current market prices.

Regardless of the type of land, it will not harm to talk to surrounding neighbors and local developers about buying your property before putting it up for sale. A neighbor might be interested and if he buys the property, you will do without having to strategize a marketing plan or pay a realtor’s commission. This will save you both time and money in the process. If your lot is of good size which extends to several acres, it is good to target land developers. Often, they will make this type of land into a subdivision, shopping malls, or something of equal value.

To reach potential buyers, you can hire a realtor, list your property in both local and online listing, make use of social media, put up a ‘for sale’ sign, distribute flyers, spread the word by mouth, etc. Or, you can direct your efforts to contacting a private property investor. Unlike a traditional buyer, a private investor does not need financing, pays in cash, and closes the sale within a few days.

Need help? Contact Lucas Properties immediately and be guaranteed to have a quick and easy sale.

Should You Sell or Manage Your Apartment?

You can either add the title landlord behind your name or you can sell your apartment. Either way, you will earn money. But before you consider managing an apartment as your full time career, here are some things to consider.

Tenants

Finding a good tenant is the key to a winning apartment business. Good tenants can be your resource of a steady income while bad tenants are nothing but trouble. While good tenants take care of their unit as their own property, bad tenants will complain on almost anything and everything.

When you accept tenants, you look for those who have a permanent job. It is even better if they can provide proof of good payment history such as credit card payments or utilities payments. Ask them if they want to stay at the property for a long time. More likely, they are the ones to pay on time because they would like to stay and not get evicted.

Repairs

Apartments need maintenance and repairs. Once you find a good tenant, it is also important that you keep him happy by keeping the unit in top condition. Costs on repairs can easily go out of control if tenants’ needs are not monitored and handled properly.

To keep track of repairs or upgrades done on the apartment unit, every transaction must be documented. Record should include the date, reason for repair, cost, which unit it is implemented, which service company you have hired, and the results of the repair. After the service, you should follow up with the tenants if they are happy with the repair.

Collecting Rent

This can be the easiest part or the most difficult depending on the type of tenants you are having. As a landlord, you must be prepared to handle tenants who are always late in their payment. You should know the rules that will allow you to collect rent without violating tenants’ rights. In the event that a tenant has stopped making payments, you should make a plea to the local court to have the person(s) removed.

Not ready to become a landlord? You can sell your apartment and invest the money in other areas that you are interested in. Lucas Properties LLC is a private investor which buys apartments, residential properties, or any types of land, with cash. With Lucas Properties, you can be assured of a quick and easy sale.