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Tips on how to for sale by owner (FSBO) on Zillow - YouTube
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hi Michels Rinku here with skyline
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properties in Bellevue I was invited to
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attend a Zillow summit for premier
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brokers in the greater Seattle area that
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happens to be today and is located the
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main Bauer Center and the CEO of Zillow
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is supposed to be there and give a
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speech and kind of present the latest
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things that they are doing so I'm headed
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there right now and on my way over there
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I was thinking about the seller's market
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that we are currently in and about
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people that ask me you know should I try
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to sell my house by owner why should I
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hire a real estate broker to sell my
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house should I try to sell it on my own
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first and save that you know 3% listing
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Commission or 6% total if they can dig
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up the buyer themselves and my response
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the surprising is absolutely give it a
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shot if you think you can do it and you
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think you've got you know what it takes
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then you might as well give it a try
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you know before listing it with a real
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estate broker but there are some things
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to take into consideration and so one of
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the things you want to remember if
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you're trying to do a for sale by owner
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and utilize Zillow to do that it's a
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great tool as well as Craigslist and
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there's some others is always make sure
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that you invest in your photography real
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estate brokers the good ones invest in
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professional photography so that's
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something for you to consider as well if
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you are not privy to taking quality
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photographs then it's a good idea to do
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what a professional to do and hire a
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photographer you also want to make sure
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that your data is accurate about your
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home
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is being inputted into Zillow or
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Craigslist because all of the searches
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that people will do on those sites will
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be utilized to call them to pull up your
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particular listing and the input data
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that you input into the system will be
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called or triggered based upon how
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people are searching so that's another
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thing that you want to remember watch
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out for tire kickers there's a lot of
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buyers out there that look and target
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for sale by owners and they'll try to
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wear you down by calling you and asking
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you all these questions but you know all
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they're trying to do is get a super good
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deal on your house because you don't
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have anybody representing you so you
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have to be willing to say no or to
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people who continually want to come back
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a couple times they may be interested
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but use discernment be smart and don't
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let people mess with you too much if
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they are it seems like they're just
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trying to wear you down to get a better
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deal on your house so another thing to
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watch out for is preview brokers there's
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a lot of brokers out there that will
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prospect for sale by owners once you
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make it public or live that you're
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trying to for sale by owner you put up a
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sign in your yard or put in added
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Craigslist or whatever and know you know
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do it under the guise that hey can I
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come by and preview your home I may have
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a buyer for you or whatever they
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probably don't and they're really just
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trying to list your house so it's a good
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idea to just say no to them if they do
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say that they have a client it's good to
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vet it and ask them say hey send me a
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pre-approval letter for your buyer and
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I'll be more than happy to let you come
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take a look at the house and open it up
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also you want to make sure that you're
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willing to work with buyers brokers if
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and in state that if you are because
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it's true that most of buyers are
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working with a broker why because buyers
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don't typically pay the commission to a
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broker that comes all out of the sellers
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net proceeds so most buyers you know
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want to be represented for legal
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purposes and they work with brokers and
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in agents and so you want to make sure
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that you are clear and communicating
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that you're willing to work with buyers
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brokers if you are so one of the other
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things too is the form 17 please please
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please make sure that you accurately
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fill out a form 17 that's the disclosure
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statement for a seller and disclose
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everything you know about the property
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to the best your ability if you need to
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and you're not comfortable with doing
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this on your own which most people
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aren't hire a real estate attorney or
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somebody to look over for you because
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everyday people walk into a building on
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3rd and James the King County Courthouse
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and somebody walks out a winner and
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somebody walks out a loser
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based upon lawsuits having to do with
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real estate transaction it's another
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huge reason to be represented by a
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broker but you know there are ways
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around like having hiring an attorney to
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to review that for you and make sure
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that you filled filled out everything
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accurately appropriately because it is a
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big part of your real estate transaction
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in the state of Washington so if you
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like a copy of a form 17 feel free to
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email me at scon doe real estate at
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gmail.com
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that's condo real estate at gmail.com or
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give me a call shoot me a text and I'll
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be more than happy to to send you a copy
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of it hope that helps if you have any
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comments or you disagree with this
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approach or you know doing for Sale By
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Owner please feel free to comment below
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and thanks so much for watching
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