Listing price for a no agent private real estate sale (FSBO)

Private real estate sale with no agent and no commission through Privatepoint, the real estate by owner, FSBO, free private real estate sale website.

Many for sale by owners (FSBO) who conduct a private real estate sale with no agent always struggle to set the listing price of their property. Setting the listing price of a property if you are conducting a private real estate sale with no agent can be hard but if the for sale by owner does the following then it will be easy.

For sale by owners (FSBO) who are conducting a private real estate sale with no agent need to discern the market value of the property. Once the for sale by owner (FSBO) has obtained the market value of the property the listing price can be established by taking into consideration the personal requirements such as time frame and financial return needed by the for sale by owner. The for sale by owner (FSBO) conducting a private real estate sale with no agent then needs to compare their property with what similar properties which are listed for sale.

It is perceived throughout the real estate industry that only real estate agents can accurately estimate the market value of a property. For sale by owners (FSBO) are led to believe that sophisticated mathematical calculations and specialised inside knowledge is necessary to determine the market value of a property and that a for sale by owner conducting a private real estate sale with no agent can not do this. However, all real estate agents do to determine the market value of a property is a simple Comparable Market Analysis (CMA).

A CMA is the comparison of similar properties which have been sold or are listed on the market in a particular suburb. Real estate agents usually get this data (known as Property Reports) from online real estate data websites. A for sale by owner (FSBO) conducting a private real estate sale can perform a CMA, it is easy and can be complete in approximately 20 minutes by the for sale by owner performing some simple research over the internet about similar properties to the one they are conducting a private real estate sale with no agent.