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How To Sell Your Own Home




   Presented by:
   Liz Provo, Mass Marketing Resources
   Copyright 2012
About Today’s Workshop
 About Liz Provo & Mass Marketing Resources
 About our company, Massachusetts 4 Sale By
  Owner
 Workshop Overview (10 – 12:30)
      Pt. 1: Preparing your home
      5 min. Break
      Pt. 2: Marketing your home
      Pt. 3: Making the sale (legal)
                                                                 Cell Phones
      Drawing & Q & A                                           Off Please!
                                   Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                        www.MA4salebyowner.com
Selling By Owner Works




             Single Family            Multi Family                       New Construction

               Springfield             Chicopee                            Easthampton




              In all price ranges, any location, all kinds of property!
                                                     Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                                          www.MA4salebyowner.com
Part 1
   Preparing your home for the market


                          Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                               www.MA4salebyowner.com
Selling “by owner” is about Saving
           Time, Money and Your Sanity
                           It’s Smart:
                             Save thousands of dollars
                             Be more competitive in a buyer’s market
                             Control the sales transaction

                           It’s Convenient:
                             Take on or off the market at will
                             Schedule showings at your convenience
              It’s
                           It’s Less Stress:
             Easy!           Know who’s in your home; no lockbox
                             Kids and pets not displaced
                             Don’t have to be show-ready “just in case”

                                                Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                                     www.MA4salebyowner.com
What About The Work?
                  With Agent         Without Agent
 Seller prepares home            Seller prepares home

 Agent & seller liable           Seller liable

 Agent prepares listings         Seller prepares listings

 Agent pays to advertising       Seller pays to advertise

 Agent handles                   Seller handles calls, showings,
  calls, showings, negotiating     negotiating

 Agent prepares P&S              Attorney prepares P&S
                                   Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                        www.MA4salebyowner.com
How Much Control Do You
     Want To Maintain?
               Duties & Cost                                       Control

          Full                                              Full                             Owe, even if
       Commission         Marketing, for      5-6%                            3- 6 mo.
                             m prep        commission    Commission           contract
                                                                                             decide NOT
         Agent                                             Agent                               to sell


         Discount             Some
                           marketing &
                                              3-4%        Discount           3 – 6 mo.         Same as
          Agent             form prep
                                           commission
                                                           Agent             contract           above


        By Owner               You            1-3%
                          market, Lawye    commission,    By Owner                             Cancel
         w/MLS                                                               3, 6 or 12
                           r does forms      or Zero                                        anytime, you
                                                           w/MLS            mo. contract
                                                                                               control


        A la Carte            0 – 3%
                                             Zero,
                                           Negotiable
                                                            By
                                                                                              Advertise
                                                         Owner, no          No contract
                                                                                             ANYWHERE
                                                           MLS

                                                         Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                                              www.MA4salebyowner.com
Worried That You Don’t Know
     Enough?
                                      Agents aren’t attorneys
      MA agent license = 40 hours
       of class time                  Agents aren’t appraiser

      Average agent closes 12        Agents aren’t lenders
       sides per year (NAR stat)

      Realtors (members of NAR)
       are one of the only
       professions that require
       ethics training


                                                             TAKE
                                                           CONTROL!

                                       Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                            www.MA4salebyowner.com
Assemble Your Team
                              YOU            FSBO
                                            Expert




              Stager                                          Appraiser




                          Inspector          Attorney


                                      Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                           www.MA4salebyowner.com
Educate Yourself About The Market
           What’s sold lately?
               Deed transfers: Online (Reg. of Deeds), Print (Business
                West, Sunday Repub, etc
               Neighborhood activity: DOM (days on market), Sold,
                 Foreclosures

           What’s on the market?
               Realtor.com and MLS feeds
               FSBO websites (more later)
               Yard signs

           Make the rounds
               Visit open houses
               Listen, read, watch
                                                Massachusetts 4 Sale By Owner – Copyright 2011
Presented by: Liz Provo
                                                                     www.MA4salebyowner.com

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How To Sell Your Own Home - FSBO Bootcamp (PT 1)

  • 1. How To Sell Your Own Home Presented by: Liz Provo, Mass Marketing Resources Copyright 2012
  • 2. About Today’s Workshop  About Liz Provo & Mass Marketing Resources  About our company, Massachusetts 4 Sale By Owner  Workshop Overview (10 – 12:30)  Pt. 1: Preparing your home  5 min. Break  Pt. 2: Marketing your home  Pt. 3: Making the sale (legal) Cell Phones  Drawing & Q & A Off Please! Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 3. Selling By Owner Works Single Family Multi Family New Construction Springfield Chicopee Easthampton In all price ranges, any location, all kinds of property! Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 4. Part 1 Preparing your home for the market Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 5. Selling “by owner” is about Saving Time, Money and Your Sanity  It’s Smart:  Save thousands of dollars  Be more competitive in a buyer’s market  Control the sales transaction  It’s Convenient:  Take on or off the market at will  Schedule showings at your convenience It’s  It’s Less Stress: Easy!  Know who’s in your home; no lockbox  Kids and pets not displaced  Don’t have to be show-ready “just in case” Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 6. What About The Work? With Agent Without Agent  Seller prepares home  Seller prepares home  Agent & seller liable  Seller liable  Agent prepares listings  Seller prepares listings  Agent pays to advertising  Seller pays to advertise  Agent handles  Seller handles calls, showings, calls, showings, negotiating negotiating  Agent prepares P&S  Attorney prepares P&S Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 7. How Much Control Do You Want To Maintain? Duties & Cost Control Full Full Owe, even if Commission Marketing, for 5-6% 3- 6 mo. m prep commission Commission contract decide NOT Agent Agent to sell Discount Some marketing & 3-4% Discount 3 – 6 mo. Same as Agent form prep commission Agent contract above By Owner You 1-3% market, Lawye commission, By Owner Cancel w/MLS 3, 6 or 12 r does forms or Zero anytime, you w/MLS mo. contract control A la Carte 0 – 3% Zero, Negotiable By Advertise Owner, no No contract ANYWHERE MLS Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 8. Worried That You Don’t Know Enough?  Agents aren’t attorneys  MA agent license = 40 hours of class time  Agents aren’t appraiser  Average agent closes 12  Agents aren’t lenders sides per year (NAR stat)  Realtors (members of NAR) are one of the only professions that require ethics training TAKE CONTROL! Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 9. Assemble Your Team YOU FSBO Expert Stager Appraiser Inspector Attorney Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com
  • 10. Educate Yourself About The Market  What’s sold lately?  Deed transfers: Online (Reg. of Deeds), Print (Business West, Sunday Repub, etc  Neighborhood activity: DOM (days on market), Sold, Foreclosures  What’s on the market?  Realtor.com and MLS feeds  FSBO websites (more later)  Yard signs  Make the rounds  Visit open houses  Listen, read, watch Massachusetts 4 Sale By Owner – Copyright 2011 Presented by: Liz Provo www.MA4salebyowner.com