things agents may tell you
Agents say - "Managing the sales process of a home is extremely time-consuming."
The reality is: The seller is always the one who works the hardest to sell the property, not the agents. The seller cleans, fixes, prepares & pays for the sale of the home. The seller still has to sit down with the agent and go through the paperwork to list on the MLS® System. The seller gets the property ready for the showings, and keeps the property in "Ready to Show" condition both inside and out throughout the entire sale process, not the agents...
The truth is, the listing agent typically does the least amount of work out of all the people involved in the sale of a property... Period!
With help from For Sale By Owner, you can easily eliminate the "Listing Agent" by stepping into their shoes throughout the sale process. We put you in complete control - from the start of the sale to the closing of the deal with your lawyer!
Agents say - "Conducting showings is an art and should be left to the 'professionals'."
The reality is: The sellers know the property the best, and it is the sellers who are tasked with doing all of the running around, sometimes with very short notice, organizing the home for the showings. If it is an "art" when a real estate agent walks through a house they know almost nothing about, with a buyer they barely know, then one could argue that the "Arts" are in real trouble.
In traditional full service real estate sales, the two agents will go to great lengths to keep the buyer and seller away from each other at all costs... The question is why. You'd think that the buyer would benefit greatly from talking to the current owners, and would welcome the chance to do so.
After all, it's the sellers who know what makes their home special, which light switch operates each light, how to turn on the heated floors in the bathroom, where the main water shut off is, what the neighborhood and schools are like, when the roof was done last - etc.
So why keep the sellers from talking to the buyers? The answer is simple - BIG commission fees are earned when agents are in control of the sale of your home.
Agents say - "Marketing your home on your own is time-consuming and expensive."
The reality is: With the increase of powerful Social Media sharing tools and websites like For Sale By Owner, Kijiji, Facebook, Twitter and many others, it's never been easier and less costly to market a property for sale in Canada. While it's true that agents will usually put your listing on their own website and a bunch of industry related websites, so does For Sale By Owner when you list with us. We syndicate our listings out to a growing list of relevant websites to help spread the word of your sale. We also "properly" index your property for sale in Google and dozens of other popular search engines.
Agents say - "Agents will screen out renters or buyers who aren't serious, or qualified."
The reality is: Since the beginning of time, buyers have misrepresented their ability to complete the necessary financing for property, vehicles, and many other BIG ticket items... The truth is that agents and private sellers both, are not mind readers. No one can establish with 100% certainty that a buyer is absolutely going to be "good to go" on subject removal day. If you think that the full-service real estate agent you hire to list your home is actually going to qualify each potential buyer that a buyer's agent brings forward, you would be mistaken. Your listing agent is often too busy at their next listing appointment - trying to convince that seller that they need him/her to handle their sale as well.
Buyer's agents don't necessarily qualify each buyer they are working with, either. Try it for yourself. Call an agent and tell them you'd like to book a showing at a property. See if they ask you to prove who you are, what your intentions are, what your financial situation is, proof of funds, if you're a wacko or not, and so on. The buyer's agent is much more interested in getting you to sign an exclusive "Buyer's Agency" agreement so they can lock in their BIG buyer's agent commission before they will even lift a single finger for you. Heading to the car dealership to get that new car with the money they will make on the sale, is what's on their mind.
Agents say - "Agents are proactive about making the sale of your property 'more profitable for you'."
The reality is: If you list your property for sale with a Full-Service Agency at $600,000.00, the two agents will make around $22,000.00 in commission, plus tax of course. If the actual sale price ends up being $550,000.00 the two agents will still make around $20,500.00. That's just $1500.00 less for the two of them to share, or $750.00 each... The problem is, you lost $48,500.00... So ask yourself this question - are agents really that keen on getting you the "TOP" dollar that they promise for your property, when they still make 95% of their ridiculous commission, after convincing you to drop your price by tens of thousands of dollars for a quicker sale?
When you list with For Sale By Owner, you are in complete charge of negotiating your end sale price, and you are saving thousands of dollars in commission while you do it!
Agents say - "Agents have a 'broad knowledge' about the local market & your community."
The reality is: Nobody knows your neighborhood better than you do! When a buyer's agent and the buyers show up for a viewing, often the buyer's agent will not have a clue about the things that make your neighborhood special or more desirable to live in than a similar one across town. Unlike how they depict in those scary MLS® System commercials, the person who knows the neighborhood the best is usually the one who actually lives in it.
Agents say - "Agents will help you set the 'proper price' of your home."
The reality is: "Not Quite". The truth is that at the end of the day, real estate agents do not actually dictate your property's ultimate listing price - you do. They will provide you with SOLD market data to support "their expert pricing recommendations", and you will need to trust that they are showing you the most relevant comparable properties. Sometimes the price of your home mysteriously becomes the exact same amount that a buyer who is working with that same agent is qualified for... neat how that works, isn't it?
The point is that at the end of the day, you, "the seller" - the owner of the property, sets the price. For Sale By Owner can also provide you with the exact same current SOLD market data for a low fee of $75.00, as an add-on to our private sales services. You don't have to hire a costly & fancy real estate agent to do it for you!
Agents say - "Agents have 'exclusive access' to hidden data that you need to set a realistic sale price."
The reality is: Aside from the exact same current SOLD market data we provide as an add-on to our private sales services, there are other methods that can be used to help you establish an accurate sale price for your property. Browsing through the current listings on REALTOR.ca and other websites like ForSaleByOwner.ca will show you what others are asking for similar properties.
Agents say - "Agents use networking channels with other 'Professionals', Clients, and Agents."
The reality is: Powerful Social Media sharing tools and websites like For Sale By Owner, Kijiji, Facebook, Twitter and many others make it easy and less costly than ever to leverage the many networking opportunities while marketing a property for sale in Canada. It's now easier than ever to tap into a growing buying audience on REALTOR.ca using services like For Sale By Owner.
We are one of the last "true" For Sale By Owner companies remaining today. We've been at this since 1997, and we can honestly say that there has "NEVER BEEN A BETTER TIME TO SELL YOUR OWN PROPERTY"!
Take control of your sale with us! Our goal is to help you sell your property without the assistance of any real estate agents at all... Period!
Thank you for taking the time to read through these very important points.
With FSBO, you ALWAYS SAVE approximately HALF of the commission you would normally pay a full service agent.
See what you can save when you sell through us.
See what you can save when you sell through us.
ENTER SELLING PRICE
(Calculations are based on 6% on the first $100,000 and 3% on the balance)