In this post, I’ll examine new real estate technology behind ‘for sale by owner’ and private real estate. Learn about the possibilities that provide simple and cost-effective ways of selling your home privately. Why sell my home privately?
[Answer]: Real Estate Technology can save you money by selling your home privately.
For over 100 years, the real estate industry has provided services to help homeowners sell their home that has been built on homeowner equity, triggered by a sale. The value of all global property, including residential, commercial forestry and agricultural is estimated at $217 trillion.
With residential properties representing 75% of this valuation and with approximately $80 billion paid in real estate commissions across North America, the industry readily attracts new competitors in an attempt to grab a slice of the pie. In the past, new real estate technology has been more about upgrading, adding more information, features and services to traditional home for sale websites ….until recently.
Key Steps to Take with Owner to Owner Real Estate
1. Identify locations and neighborhoods you’re interested in.
2. Create a home checklist of features that you want.
3. Post where and what you’re looking for, with your profile.
4. Share your post and where you’re looking on Facebook.
5. Decide together whether to employ an agent or continue privately.
Selling or Buying a Home Privately?
A new way of buying a home privately is being able to contact homeowners in sought-after neighbourhoods online, where buyers can post what and where they’re looking, then owners can contact them privately.
I like to think back to the way my parents bought their first and only forever home on farmland- turned suburban development, surrounded by tumbleweed and monarch butterflies.
The days of door-to-door vacuum cleaner salesmen are long gone and I believe, so too, will the traditional ways of buying and selling real estate.
5 Tips on How to Buy a Home For Sale by Owner
In today’s real estate market, it’s easy to take your house hunting beyond your sought-after neighbourhood when nothing is available for sale. As a homeowner myself, I’ve spent many hours scouring MLS, checking for new houses for sale, worried about missing out on a chance to make an offer.
The way we buy and sell real estate is rather strange – like seeing a must-have pair of shoes in the window, but you can only buy one of the few pairs on the shoe-rack and, even worse, you have to ask a Sales Rep to pick them up for you to try them on.
How to Reduce FOMO When Buying a Home
A common question we get asked on our online real estate community, especially from first-time home buyers or from people interested in exploring ‘owner to owner’ homes for sale is…
What is the biggest mistake people make when buying and selling real estate?
The common answer seems to be a product of our emotions. The traditional way of buying and selling real estate, drives us into a ‘fear of missing out’ mentality, fueling our sense of urgency.