Comparison reveals average savings in commissions achieved by sellers using Homes For Sale By Owner Virginia exceeds 2010 First Time Home Buyer tax credit incentives.
Online PR News – 17-February-2011 – – Comparison reveals the average savings in commissions for sellers using GoToFSBO, the leading Homes For Sale By Owner agency in Northern Virginia, exceeded the generous tax credits offered under the 2010 First Time Home Buyer Federal stimulus package. A popular tax credit that offered $8000 for first time home buyers as well as $6500 for repeat home buyers and expired on April 30, 2010. This independent comparison analyzed the savings in commissions using GoToFSBO Real Estate sales processes verse traditional Real Estate methods and included homes that sold for $250,000 or higher. The average savings on homes that sold for under $250,000 did not consistently exceed the First Time Home Buyers federal tax credit program but still allowed FSBO sellers to pocket far more of the equity from the sale of their home than those that chose traditional methods.
This comparison was based on the following standard services involving the GoToFSBO Real Estate sales process. A client focused process that involves fully Licensed GoToFSBO Realtors, Mortgage Brokers, Real Estate Attorneys, the Title Company, Appraisers and Home Inspection services:
- For Sale By Owner direct to buyer sales using a basic GoToFSBO package and did not involve another Real Estate agent thereby resulting in NO commission.
- For Sale By Owner using GoToFSBO Flat Fee MLS listings where a Real Estate agent delivers the buyer, thus resulting in only a 2.5 to 3 percent commission.
- For Sale By Owner using an all inclusive GoToFSBO package that contains an MLS listing, FSBO magazine & website advertising, signage, brochures, phone support, purchase offer preparation/review and personal assistance from start to closing. A package that ranges from $275-$850 depending on services chosen and can also result in paying no Real Estate commission.
An analysis of homes sold in 2010 and early 2011 using the above GoToFSBO packages verse 'traditional' Real Estate Methods reveals the following. Virginia homes that sold for $250,000 using GoToFSBO provided sellers an extra $7500-$15,000 above what was achieved using 'traditional' real estate methods. A potential savings of $7,000 above that offered by the First Time Home Buyers tax credit. An analysis of Virginia homes that sold for $350,000 demonstrated that FSBO users were able to pocket on average an extra $10,500-$21,000 more than sellers that didn’t take advantage of the GoToFSBO For Sale By Owner process. Thus providing a potential savings of $13,000 above the expired First Time Home Buyers tax credit.
Debbie Kent, owner of GoToFSBO and a fully licensed Real Estate agent, points out that additional benefits include the opportunity to showcase a home on the dates and times convenient to the seller and ability to negotiate a fair asking price that mutually benefits both parties. These advantages have resulted in a high client satisfaction rating due to the successful sale of hundreds of homes, including homes that were on the market for over six months. Homes that had gained little to no interest before enlisting the help of Virginia's leading For Sale By Owner agency- GoToFSBO.
For more information on listing or purchasing a home using For Sale By Owner stop by booth #215 at the Home and Garden show at the Dulles Expo in Chantilly February 25-27, 2011, visit- www.gotofsbo.com/" target="_blank" class="highlight_link">http://www.gotofsbo.com/ or view the website in the window below. Interested parties are also invited to email firstname.lastname@example.org or call Debbie Kent at 703-551-4757.
About: GoToFSBO has been focused on creating a professional, cost effective and highly visible real estate service for home owners wanting to sell their property 'by owner' since 1995 with extreme care toward making the process go smoothly, improving the quality of the sales experience and helping sellers save money.