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Welcome to the Manny Aguilar Keyes Home Team

 


Home » FSBO How To

For Sale By Owner

Order your Free: HOW TO SELL FSBO DVD "Video" today...

The Keyes Home Team understand the nuances of our real estate market and can get the optimum price using my years experience, access to marketing programs and knowledge. 
You don’t really “save” a commission working without a broker because only a licensed Realtor® has the tools and a proven marketing technique to achieve the highest possible price in the shortest amount of time.  Over half of those owners who try and sell on their own, do not sell at all or sell at less than current market value. 

While you are looking to save money by selling your own house, buyers are looking to save time by coming to me!

The best chance of getting the highest dollar price is by exposing it to the most people – not just those folks who happen to drive by your sign or pickup the local newspaper. Today, there is so much media saturation, that many people do not even read local papers regularly any longer.

Ask you're self this Questions?
Do you advertise in the paper? TV? Cable? The local real estate book? The Internet?
Flyers? Signs? Open Houses? Top rank websites?
Do you have a staff of over 2000 agents? Do you have a state wide Sales force?
Do you have a National or International sales Force?
Do you have time to show the property during the day?
Do you have the time for all of this?
Are you willing to absorb the costs for all of this advertising? Do you have the expertise to create and execute the advertising in a timely, professional manner?
Will you spend money for buyer each and every week, month in month out just to sell on your own.
<<Listing Information>>

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Please Select the DVD of your Choice:* How to Sell FSBO
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The Facts About Buyers

Most buyers employ the help of a Realtor®.  "NOTE" Not all Real Estate Agents are Realtors.
 It’s also important to note that Realtors® are far more likely to bring a buyer to see a house that is listed by an agency than one being sold by owner.  As a “For Sale By Owner” - you’re probably missing out on the most serious, willing, and able buyers in the marketplace, since we make sure we are working with buyers who are financially qualified. Can you tell a “tirekicker” from a legitimate, qualified buyer?

I regularly have a list of nearly 2,000 current buyers registered on this website. They receive daily e-mail updates of new and current listings on the market. As a "For Sale By Owner, you would not be featured in this daily update.

Did you know that most of a Realtors® marketing, exposure and promotion of your home is to
other Realtors®?
Through the Multiple Listing Service (MLS), your home is put in front of thousands of other agents currently working with legitimate, qualified, willing and able buyers.

Although nearly half of FSBO sellers cite saving the commission as the big reason to go it alone, a home's price is negotiable, and selling at the low end of the range can cancel out any savings.
You will also quickly find out that buyers looking for FSBO homes were also looking for a deal.

You are saving all this money and don't have to pay the commission, so they are going to lowball you - But the reality is you are taking time to show the house, and going through the labor and the cost for the advertising. However, buyers think that they have an advantage when buying from a “For Sale By Owner.”  They assume that since you are not using a broker and saving on paying a commission fee, they should be able to get your house for less – they see your house as an opportunity
to save money.
<<Listing Information>>

Are you emotionally prepared to deal with the tire-kickers?  Will you be able to handle the insulting low - ball offers and still save the transaction? Many people actually overprice their homes, and in doing so, discourage legitimate buyers. 

When the time comes to negotiate a selling price for your home a broker can justify the asking price using market facts, comparative analysis, real estate knowledge, and experience in order to respond to buyer challenges on price. 

Advantages of Selling A House On Your Own
  • There is no Brokerage Fee (commission) to be paid. You receive all of the proceeds (less marketing costs). This is, of course, the biggest benefit of selling your own house.
  • You are in total control of the transaction.
  • If mistakes are made, they are your own. There is no one else to make mistakes "for" you.
  • If your equity is low, you may be able to sell your house without having to write a check.
  • You are always available at the home for showings, answering inquiries, etc.

Disadvantages Of Selling A House On Your Own

  • You must rely on your own instincts.
  • All marketing and advertising costs are your own, which can be an expensive proposition.
  • Unless you pay to have your listing included, you will not have access to the MLS - the Multiple Listing Service. You must hunt for buyers one at a time.
  • Without all the tools in hand, you may under price or overprice the house. Knowing how much your home can be worth is one of the first steps in beginning to market the property.
  • If you are not skilled in negotiation, you may leave money on the table.
  • All of the paperwork, legal forms, etc. are your responsibility and must be handled by you.
  • If you want to give maximum benefit to your efforts, your free time will be somewhat or severely limited.
  • Many buyers believe that if you are selling on your own and not paying a commission, it is they (the buyers) who should get the savings - not you.
  • As you approach negotiations, you must sever emotional ties with your house or you will place yourself at a disadvantage
  • You must become knowledgeable of legal and financial issues to be most effective.
Contacts, Inspections, Contingencies, Conditions.
Are you ready for all that?

There are significant financial contracts, inspections, contingencies, and special conditions that must be met – you are putting yourself at significant risk and liability by attempting to execute this type of transaction without a professional. Remember, I participate in negotiations like this every day!
<<Listing Information>>

Are you fully aware of all liability of seller disclosure of property conditions and hazardous contents? Sellers are finding the do-it-yourself approach increasingly time-consuming and complex, what with showing the house, awaiting financial documents and deciphering a mountain of paperwork that in some states includes disclosure forms for termites, mold and aircraft noise. Many are also reluctant to have random unscreened strangers traipsing through their home.

And in the rare cases in which a seller gets sued for failing to disclose required information — such as the existence of lead-based paint in an older property, which can cause lead poisoning in children — a solo seller won't have an agent to accompany him through the legal process.

Are you equipped to negotiate effectively, face to face?  Will a buyer feel comfortable negotiating with you?  Often buyers can feel intimidated by negotiating directly with the seller.  Also, it’s very difficult to be an objective negotiator with your own home.  You have emotional ties to your home and its worth to you personally, which makes negotiations very difficult.

Additionally, owners showing their own homes can be very intimidating to buyers.  Buyers don’t want to invade your privacy or criticize your home and offend you.  Therefore, they won’t ask the questions that might be most important to them, and that presents problems.  For instance, people who want to inspect closets, cupboards and bathroom cabinets might not feel comfortable, especially with owners in the home. They are not put in a comfortable position to be objective in their inspection of your home, or with their questions and concerns.
<<Listing Information>>

What are you really saving when you sell your home yourself?

Most people who try to sell their homes themselves, will state “Brokers Welcome” in their ads, fact sheets and flyers. While all commissions are negotiable, sellers often pay in the neighborhood of 3% for that side of the transaction. This means these sellers are willing to give a licensed REALTOR® their
3% commission if they bring a qualified buyer. That leaves a perceived 3% savings - that commission which is paid to the “listing” agent.

 In order to save that listing fee, you as the seller will have to do the fallowing:
                               DO YOU REALLY SAVE GOING BY OWNER?

  • Spend $3,000-$5,000 on advertising, color fact sheets, flyers, postage, signs, and internet presence.  Weekly newspapers ads will add about $3000 to this.
  • Next you will need to consider hiring an attorney to draw contracts and disclosures.
    A Real Estate attorney generally charges about 1% of the sales price.
  • Take time off from work or spend your personal leisure time showing the house (try to estimate what your time is worth)
  • Preparing the home For Sale: Do you really know what needs to get done?
  • More Time: Answer the phone at all times , from early morning to late nights.
  • Disappointments: Buyer will make appointment an not show up.
  • Tire Kickers: Yes these exist in home buying.
  • Unqualified Buyers: People looking at the home with no ability to buy.
  • The Neighborhood snoop: Neighbors snooping in your home with no intention on buying, they claim it for a family member ALWAYS.
  • Security: The people visiting your home may have bad intentions.
  • Representation: 89% of Buyer seek Realtor to assist them in the process and protect them from pitfalls. These buyers will have exclusive representation and you will have to pay 3% minimum commission to the Realtor.
  • Trust your ability to negotiate the best deal with a tough buyer or a seasoned professional REALTOR®
  • The Home Inspection: An inspector can easily add 10,000 to 50,000 in repairs.
    to help the buyer negotiate a lower price.
  • The Home Appraisal: Did you know that an appraisal generally includes part or all of the Real Estate commission. Your home will appraise for less in most cases.
  • The Comparables: Did you know that just because your neighbor sold for $XXX,XXX.XX does not mean you will get the same as there may be seller contribution and other items that lowers the actual appraisal price.
  • Title and closing Cost; We offer our buyer and sellers discounted Title and closing cost
    You will be surprise how many junk fees a title company can add to a closing when there is no professional watching out for you...
  • Seller contributions: People will come right out and ask you if you will give a 6% seller contribution toward closing.
  • Predatory Lenders will call you with incredible deals, to re-finance. with leading rates that are only temporary.
    Finally: I am not even going to discuss with you the Transaction part of a sale
    it takes about 150 to 200 hours to process.

    At the end if the day, did you really save?
    What is your time worth?


    There is an old saying: It not the Deal you Got, it's the deal you think you Got

    During the great years 2001 to mid 2006 some where able to sell with out
    a Realtor or attorney, these same people are now the ones involve in seller buyer legal issues.


FACT: Only 3% sell FSBO
FACT: Did you know that drive by buyers are 99% of the time unqualified.

Pretty quickly, the perceived savings are drying up. And the selling process is more difficult than
it has to be.

Think about it. Is it worth it to save a few hundred dollars? And, in the end, did you really get what your home is worth?

You are always better off staying within your own area of expertise, and using professional specialists in areas of major importance. If you needed major surgery, would you go to medical school in order to take care of it yourself? If you were being sued, would you go to law school to get your degree so you could defend yourself?

The Keyes Home Teams offers the same lever of professionalism that you will get from your
Attorney or Doctor.

This is one of the largest and most important transactions you’ll ever make. Selling your home should not a "do it yourself" project!
<<Listing Information>>


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014
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