For Sale By Owner

Before I was a Realtor, I sold a home “For Sale by Owner” (or FSBO.) Need to sell your home and considering selling it without a Realtor? Give me a call... I can help you price it... Even if you are selling For Sale By Owner.

So, what’s my motivation. I recently saw a "For Sale By Owner" website that said that over 80% of the people who list their home "FSBO" end up listing with a Real Estate Agent before they sell it.

Simply put, we sell homes.  If we can help you now....there is a good chance you will no longer want to go it alone.  You will need real estate professionals that will help you get the job done.

Meet My Clients

Becky Kuras sits down to talk about Tim Johnson as a Realtor for her and her family. Click the player to listen to her comments.

Providing Real Estate services for
Residential Realty and Commercial Realty
for the Greater Peoria Area of Central IL

Residential Real Estate Listings

Search for Homes
in the Greater Peoria Area

Why is Selling Your Home Alone So Tough??

As I stated, 80% of people that try to sell their home on their own, will eventually use a Realtor. That means that 20% where either successful in selling FSBO or just gave up.  That’s because it is not easy to sell your home alone. 

Let’s consider the the buyer’s view point.  When someone is moving from one city to the next, most people do not look at “For Sale by Owner” sites. One reason is a lack of a National FSBO network. Realtors have an international network.. It will show you most EVERY home that is listed by a Realtor in the united states.

Who does For Sale By Owner Benefit?  The Seller.  Most people who list their home alone, do it because they think that they can not afford a Realtor.  Rarely do they lower the price by the amount a Realtor would charge. Quite often, we find that FSBO homes are over priced. This leads to another reason some people don’t list with a Realtor. Most Realtors don’t want to list an over priced home and sellers have a set price in mind.

You may have heard a real estate agent boasting that they sold ONE MILLION DOLARS.  Most people think that real estate agents just rake it in. If a Realtor sells ONE MILLION DOLARS in homes, they MIGHT make $30,000 (a year.) That’s before the brokerage takes a portion (sometimes 50% and more) then most real estate agents pay additional expenses (thousands) like advertising, association fees and other franchise fees.  So, most Realtors are not “raking it in” unless they are successfully selling a lot of homes... and those realtors are usually worth it.

So, Who buys For Sale By Owner properties. #1 people driving through the neighborhood and happen to find a sign. #2 People who think they will get a better price buying a FSBO.

What are the Positives?
We all have heard the stories of a home selling FSBO in the first week. 

Who Sells FSBO
Those who really like to do everything themselves. DIYS’ers
Those who have been burned by a bad real estate agent
Those who have DIYS’ers for parents.
Those who think real estate agents charge too much.
Those who really can’t afford a real estate agent
Those who think they will save money selling it alone

Have another reason? Email me, I’ll add it to the list.

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Tim D. Johnson, Real Estate Broker
Serving the Greater Peoria Area of Central Illinois.
Including Tazewell, Woodford and Peoria Counties