
Unless your neighbors want to buy your house, an internet strategy is crucial.
Recently, studies have shown that 94 percent of buyers search online for a home.
Typically, a "homeowner's own website" is not where the buyer is going to search for their next home. Buyers will look at the large websites that have searchable functions.
Fifty-one percent of the buyers found their new home on the internet, 34 percent of them heard about the home from a real estate agent and 9 percent came from the yard sign. Signage is important, however the days of simply putting a “For Sale by Owner” sign in the front yard are pretty much over. Unless your neighbors want to buy your house, an internet strategy is crucial.
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory for homeowners. This is one of the reasons that the percentage of people using these signs has dropped from 19 percent to 8 percent over the last few years.
Most sellers don't realize they may have to deal with a buyer who wants the very best deal possible, a buyers agent who solely represents the best interest of the buyer, the home inspection companies which will be working for the buyer and will almost always find some problems with the house, and the appraiser, as there are frequently some questions of value.
So in today's market with home prices rising and a lack of inventory, any homeowner considering “For Sale by Owner” should make sure that they visit with a Realtor first.