Information for the For-Sale-By-Owner

Dated: July 27 2021

Views: 86

Hey, interesting data facts about For-Sale-by Owners...Every profession has their tools for the trade they are in. A realtor pays to be licensed and for tools to do their job. They see the market behind the scenes, the data that is not public. This data helps them determine value and price. With a market that changes as quick as ours it is highly likely that a For Sale by Owner can price their home incorrectly to high and/or to low.

Example: In May I listed a home. We needed a few weeks to clear out the estate and prepare it to list. The comps came in around $559,000. Within those few weeks of preparing the home a few more homes closed giving the seller more comps to use. With the data I have as a Realtor I could see that the home was priced to low. We raised the selling price to $589,000 and it closed at $610,000. Question, how can a For-Sale-By-Owner know this??? Most For-Sale-By-Owners are not going to get multiple offers to choose from. The reason is simple, they don't get the traffic meaning they are not seen by thousands of buyers.

I currently have a listings, as of today July 27, 2021 it has over 7000 views. I am listing a home this week that is a For-Sale by Owner on KSL 19 days 850 views. Hey, it pays to have a professional in your corner!!!

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Georgieann Elliott

An entrepreneur real-estate professional living and working in Northern Utah. Experienced with buyers, sellers and investors. Many hours of service are devoted working with Seniors. The Seniors Real E....

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