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FOR SALE BY OWNER (FSBO) STATISTICS

FSBOs accounted for 9% of home sales in 2012.

The typical FSBO home sold for $174,900

compared to $215,000 for agent-assisted sales.

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            FSBO Methods Used to Market Home:

  • •           Yard sign . . . . . . . . . . . . .. . . .  . . . . . . ……………………………………… . . . . . . . 48%
  • •           Listing on Internet . . . . . . . . . . . . . . . . . . . …………………………………. . . . . . . 32%
    •              For-sale-by-owner websites . . . . . . . . . . ……………………………………… . . . . 20%
    •             Other websites with real estate listings (e.g. Yahoo, Google, etc.) . ……….. . 11%
    •             Social networking websites (e.g. Facebook, Twitter, etc.) . . ………………….. 10%
    •            Video hosting websites (e.g. YouTube, etc.) .  ……………………………………..   2%
  •            Friends, relatives, or neighbors . . . . . . . ……………………………….. . . . . . . . .  30%
  • Print newspaper advertisement . . . . . . . . …………. ……………………………………………………………… . . . .   14%
  • Open house . . . . . . . . . . . . . . . . . . . . . . . …………………………………………………………………………. . . .  . . . .  12%
  • Direct mail (flyers, postcards, etc.) . . . . . . . . . . . . . . …………………………………………………………………….  2%

Most Difficult Tasks for FSBO Sellers:

  • Understanding and performing paperwork  . . . . . . . . .  ………………………………………………………………..18%
  • Getting the right price . . . . . . . . . . . . . . . . . . .  . . . . . . ………………………………………………………………….. 14%
  • Preparing/fixing up home for sale: . . . . . . . . . . . . . . . . ……………………………………………………………….. 11%
  • Helping buyer obtain financing: . . . . . . . . . . .  . . . . . . . …………………………………………………………………  6%
  • Attracting potential buyers . . . . . . . . . . . . . . .  . . . . . . . . ……………………………………………………………….. 6%
  • Selling within the planned length of time: . . . . . …. . . . . . ……………………………………………………………… 6%
  • Having enough time to devote to all aspects of the sale . ………………………………………………………………1%

Source: 2012 National Association of REALTORS® Profile of Home Buyers and Sellers

It’s obvious that if you want your home sold for the most money,  and the least amount of inconvenience, you need to have a Realtor.  The statistics speak or themselves. Give me a call with all your real estate needs.  239-784-2637   www.JoanneSellsMarco.com  Use my website to search ALL listings in the Collier County Florida area. Go to Buyers, then click MLS. And with my 24 years experience, I can help you locate a reputable Realtor anywhere in the world. I LOVE referrals.

Mortgage News  from  Peter Prodanov, Bank of England, Marco Island, FL         June 13, 2013

Euro zone industrial output expansion was slower than expected due to a drop in the production of energy and consumer goods which pushed Euro Zone stocks down ~.62% on Wednesday. U.S. equities suffered their first three-day losing steak of the year as traders balanced predicted economic growth with the possibility of a slowing in the pace of stimulus. On Wednesday the DOW shed 126.79 points to 14,995.23, the S&P lost 13.61 points to 1,612.52, while the Nasdaq also declined 36.52 points to 3,400.43.

On Wednesday, prices on U.S. Treasury securities slipped after the 10yr Note auction drew muted demand.  The benchmark 10yr treasury lost 13/32nds to yield 2.23%.

Mortgages had their least volatile day of the week on a light volume day.  For the majority of the day, mortgages traded between a “+” wider (underperform) to a “+” tighter (outperform) vs. swaps on moderate two-way activity between money managers and hedge funds.  FN 30yr 3.5s & 4s were the worst performers in the stack and FN 30yr 2.5s were the best performers, albeit on low volume.  FN 30yr 3s closed at ~99-24 (-17/32nds), while the 3.5s closed at ~102-27 (-17/32nds).

Global equities tumbled overnight with Japan leading the way, closing down ~6.5%.  Euro zone stocks are also lower amid continued speculation that central banks will scale back stimulus.  U.S. equity futures are also pointing lower this AM on similar news.  Today the U.S. Treasury will sell $13bl 30-Year Bonds.

Bank of England   Mortgage Lending Division   656 Bald Eagle Dr, Marco Island, FL 34145
Office: 239 970-0090          Fax: 239 970-0159
Rates for 6/13/13
*Fixed Rate Programs
Conforming 30 year fixed 4.000% Conforming Jumbo 30 year fixed 4.500%
Conforming 15 year fixed 3.250% Conforming Jumbo 15 year fixed 3.500% FHA/USDA 30 year fixed 3.625% Non-Conf. Jumbo 30 year fixed 4.125%
FHA 15 year fixed 3.250% Non-Conf. Jumbo 15 year fixed 3.750%
VA 30 year fixed 3.625% VA 15 year fixed 3.250%
____________________________________________________________________
Lending Products
Conventional Loans- Loan amounts up to $448,500
FHA- 96.5% LTV- Loan amounts up to $448,500
VA and USDA to 100%
Jumbo Loans- Loan amounts up to $3,000,000
Commercial loans of any size
REVERSE Mortgage for Purchase (no monthly payment!) Financing options available for:
Primary Residences
2nd Home/Vacation Homes
Condos (Primary, Vacation, and investment)
Investment properties to 4 units
Condotels and Unwarrantable Condos
*Rates as of 6/13/13 at 11 am.

All rates subject to change and based on Primary Residence Purchase
All rates based on a 30 day lock, full Income/asset documentation, escrows, and NO POINTS.
OAC, Not an offer to lend, Equal Housing Lender, Member FDIC.

“Prompt, Courteous, Professional Mortgage Lending”
Offering your clients competitive rates, low closing costs, great service, and quick turn times. To better serve you and your clients, I am available nights and weekends for pre-approvals so you can make that offer right away!   Peter Prodanov   Cell: 218 849-0760

30 day closings on purchases

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