How Buyers Shop For Homes They Wish To Purchase

The National Association of REALTORS (NAR) published some statistics that are valuable to homeowners who are thinking about selling a house

. Of course its goal in compiling the statistics probably was not to inspire for sale by owner sales, but the facts speak for themselves. Any seller who is giving some thought to selling for sale by owner will want to pay attention to these statistics now, in order to see where potential buyers are looking for their new houses.

Here's a listing of the percentage of buyers looking for a new house by using the following methods in 2010: internet 74%, real estate agent 69%, yard sign 22%, open house 12%, newspaper 9% and house book or magazine 6%. Looking closely at these percentages I can see that my opinion is correct. I've said for a long time now that most buyers are shopping online for a house in their spare time, even though they might be working with an agent, too.

They appreciate the professional services of an agent for showings and obtaining financing, but they are looking at houses on their own as well, at least online. And you have to know that buyers might not email you or call you directly on your postings, preferring instead to give your contact information to their agent. That's the moment you'll have to consider if you are going to pay the agent a commission to sell your home or not because she will undoubtedly ask. Some agents are working directly for the buyer and paid by the buyer so it doesn't affect you as the seller.

If you are willing to pay a commission to an agent who brings you a buyer, it's a good idea to have the whole issue firmly decided in your mind before you get any phone calls from agents. Of course the critical point is how much you are willing to pay as a real estate commission, as a flat dollar amount or a percentage of the sale price, it's really your choice. Don't worry about an industry standard that you are required to pay, just tell an agent what you're willing to pay and that's that.

As soon as your for sale by owner sign is firmly planted in your yard and you've got your blank sales agreement forms on hand, along with your mental calculations of your asking price and bottom-line selling price, you're ready to sell. Actually, you have a good chance of selling your own house through your internet postings and your trusty yard sign these days.

by: Leo Kingston

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