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Who Looks at Homes Being Sold By Owner

By M. Watson

In the Atlanta market, over 97% of all homebuyers use a real estate agent to help them locate and purchase a home. You probably did the same thing when you bought the home you currently own, didn’t you?

atl03Why do the overwhelming majority of buyers use an agent? It’s simple. Home buyers use real estate agents to help them, guide them, and make them feel secure during the home buying process. Most people want to make sure everything goes smoothly when trying to make the largest financial transaction they’ll ever be involved in.

Real estate agents have access to 99% of the homes currently on the market. And, since buyers can work with a real estate agent for FREE, why on earth would they not use one?

Buyers that look at homes being sold ‘By Owner’ usually can’t work with a real estate agent. Here’s why:

Over 3,000 homes are bought and sold in the metro Atlanta area every single month. With that many people constantly in the market for a home, agents only spend time with buyers who have already been qualified by a mortgage lender.

So if over 97% of today’s homebuyers are working with an agent, who is out there looking at homes being sold by owner?

There are usually three types of people:

  1. Buyers who can’t get approved for a mortgage. These people were likely turned down because of bad credit, lack of sufficient income, too much debt, or some other reason. Instead of going home and giving up, they usually go try their luck with a for sale by owner.

AtlCallOut3People like this are usually looking for a great deal from you to help them get into the house, since you’re the owner. They’ll ask you to help them finance the home by participating in some type of owner financing, rent-to-own, loan assumption or other creative method that rarely works out.

These type of people aren’t usually very credit worthy, which is why they were rejected by the banks in the first place.

Real estate agents don’t even put these types of people in their cars because they couldn’t purchase a microwave oven on credit, let alone a house. That’s why they go talk to homes being sold by owner.

2. Investors. These people LOVE to prey on For Sale By Owners. They drive all over town, looking for owners who are frustrated with the selling process so they can take advantage of them and get them to sell at a huge discount.

Have you received any ridiculous verbal low-ball offers?

AtlCallOut4These type of people will usually make you an offer that’s $20,000 or more below your asking price. They will NEVER pay market value for a home, so you can forget it. The only thing they care about is making a profit. The less they can talk you into selling for, the more profit they make. They could care less about your reasons for selling.

3. People with absolutely no motivation. Most real estate agents will only work with a homebuyer who is looking to buy a home in the next 90 days or less. They don’t waste time showing property to people who aren’t ready, still need to get their credit together, or don’t plan to buy a home for 6 months or more.

These type of people are just window shopping. They want to see what’s out there so that maybe one day in the long foreseeable future, they’ll get lucky and be able to buy a home. Other people who may fall into this category include those buyers who want a $300,000 house, but can only afford a $100,000 home. The home they’re willing to buy doesn’t exist, but they’ll keep wasting their time, and yours too, if you’ll come down off the price.

Usually people in this category have never spoken with a lender to get approved, and that’s because they’re not ready. They just want to drive around and look at different homes, and they definitely don’t plan to buy any of them. And because agents won’t waste their time showing them anything, they drive around and look at for sale by owners.

If you’ve been on the market as a For Sale By Owner for more than a couple weeks, you likely have already come into contact with these type of buyers. Actually, let’s not call them buyers. They won’t be buying anything, anytime soon.

But let’s face it…if 97% of today’s REAL homebuyers are working with an agent, and since agents refuse to show homes being sold by owner, what type of buyer does that leave you?

FsboCallOutWhen it’s all said and done, making the decision to attempt to sell your home By Owner is totally up to you.

Even as a real estate agent, I would never sell my own home By Owner, and that’s likely because I’ve seen firsthand how many things can go wrong.  There’s just too many risks involved.

But the choice is yours. If at any time, you decide you could benefit from the services of a client-focused real estate team, dedicated to selling your home for top dollar, please give us a call. You have nothing to lose.

We would love to sit down with you, help you explore your options, and see how you could get your home sold for top dollar, even with a great real estate team on your side.

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Thinking about selling but curious if turning your Thinking about selling but curious if turning your home into a rental makes more financial sense? Fret not! Here are several down-to-earth scenarios to help you make the right call.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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• If you need the profits from selling your home to fund your next home, you’ll need to put the brakes on renting—at least for now.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• If a job has you moving out of the area, but think you may be coming back, renting may be the right move—especially if you love your current home. (A word of caution: If you tend to freak out about modest home mishaps, handling strangers in your home may not be for good for you or your nerves.)⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• If the rent can cover your mortgage, and you don’t need the profits from selling, renting can be a savvy decision. You just wanna make sure you leave enough wiggle room in the budget for lapse in renters and unexpected repairs.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• If the rumor mill around you is churning out whispers of “higher than asking price” and “multiple offers,” selling may be the way to go. With interest rates so incredibly low, you don’t wanna miss out on all those serious buyers.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Before deciding solo, talk with an agent who can give you the rundown on your neighborhood’s rental and housing market. After all, teamwork makes your dream work! Looking for an agent, give me a call. I’d love to help. #xclusivelifestylegroup #atlantanights #atlantaradio #atlantafood #atlantatrails #atlantaeats #buckheadatl #atlantarestaurants #buckheadstylist #atlantamodel #buckheadatlstyle #atlantabarber #buckheadlife #atlantatattooartist #buckheadga #atlantaartist #mariettasquare #atlantaevents #mariettageorgia #atlantabraves #sandyspringsga #atlantamusic #sandyspringsstylist #atlantageorgia #eastpointga #atlantalife #lenoxmall
6 of 6 “I have always liked real estate; farmlan 6 of 6 “I have always liked real estate; farmland, pastureland, timberland and city property. I have had experience with all of them. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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5 of 6 Current real estate prices aren’t high b 5 of 6  Current real estate prices aren’t high because they have been driven up by irresponsible speculation. As was often the case in the past. Prices have risen because a constantly increasing population with money to invest has been created – and continues to be created.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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4 of 6 No investment on earth is so safe, so sure 4 of 6  No investment on earth is so safe, so sure, so certain to enrich its owner as undeveloped realty. I always advise my friends to place their savings in realty near some growing city. There is no such savings bank anywhere.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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3 of 6 If you don’t like where you are, move. Y 3 of 6  If you don’t like where you are, move. You are not a tree.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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2 of 6 Real estate is the best investment for sma 2 of 6  Real estate is the best investment for small savings. More money is made from the rise in real estate values than from all other causes combined.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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1 of 6 If you think hiring a professional is expe 1 of 6  If you think hiring a professional is expensive, wait till you hire an amateur.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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. #xclusivelifestylegroup #atlanta #atl #atlstylist #atlnightlife #atlantanightlife #atlantafalcons #atlantaga #atlantamua #buckhead #atlnights
About 3 in 4 millennials have hopes of buying a ho About 3 in 4 millennials have hopes of buying a home within the next year, and with good reason – homeownership continues to be a top investment choice, and homes are more affordable today than they have been in years. Are you one of them? If so, it’s normal to feel uncertain about how to navigate the housing market right now. Low inventory and confusion about down payment requirements are a couple of obstacles you may be facing, but knowledge is the greatest way to get around them. If you’re hoping to buy a home soon, DM me so I can give you the information you need to move through the homebuying process with power and confidence.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Many homeowners have enough equity in their homes Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing. If you’re concerned about being able to make your mortgage payments, you may have more options than you realize, so reach out to your lender to discuss your best next steps. Having a trusted and knowledgeable professional on your side to guide you is essential in this process and might be the driving factor that helps you stay in your home.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#foreclosure #realestate #homeownership #homebuying #realestateagent #realestateexpert #realestateblog  #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #xclusivelifestylegroup #atlantaboutique #atlantaliving #atlantafoodie  #atlantafitness  #atlantarealestate  #atlantaunited #atlantababy #atlantaphotography #southfulton #norcrossga #atlantahomes  #atlantalifestyle #atlantaclubs #iloveatl #midtownatl  #midtownatlanta #buckheadatlanta
In a normal year, real estate activity slows as th In a normal year, real estate activity slows as the weather begins to cool. We all know, however, that 2020 is anything but a normal year, and today’s housing market shows no sign of cooling off. In fact, experts project this winter will be one of the hottest ever in real estate. If you’re ready to catch the housing market fever, DM me to learn how we can set you up for success before the year ends.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#realestate #homeownership #homebuying #realestatenews #realestateagent #realestateexpert #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #xclusivelifestylegroup #atlanta #atl #atlstylist #atlnightlife #atlantanightlife #atlantafalcons #atlantaga #atlantamua #buckhead #atlnights
Can you believe it? We’ve almost made it through Can you believe it? We’ve almost made it through 2020—that alone deserves some serious toasting, heaps of hugs, and if you’re a teary-eyed mess like me, even a few tissues.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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And while it’s always good to look back, it’s even better to look ahead. So let’s turn towards 2021 with confidence, determination, and intentionality. Need an easy way to do that? I got you!⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Starting Jan 1, I’m inviting you to join me on a 90 Days to Homeowner Challenge.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I’ll dish out all you need to know about what it might take for YOU to become a homeowner in 2021—the obvious and the not-so-obvious—to give you the grit and guts you need to make your home-owning dreams in 2021 reality.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you’re up for the challenge, sign up in the link in our bio to hop on board and receive the 90-Day digital guide. Watch out 2021; we’re comin’ for ya!! #xclusivelifestylegroup #atlantanights #atlantaradio #atlantafood #atlantatrails #atlantaeats #buckheadatl #atlantarestaurants #buckheadstylist #atlantamodel #buckheadatlstyle #atlantabarber #buckheadlife #atlantatattooartist #buckheadga #atlantaartist #mariettasquare #atlantaevents #mariettageorgia #atlantabraves #sandyspringsga #atlantamusic #sandyspringsstylist #atlantageorgia #eastpointga #atlantalife #lenoxmall
Experts project the strength of the housing market Experts project the strength of the housing market will hold steady into 2021. Don’t miss out – there’s no sign of it cooling down this winter! DM me so we can position you for success in the coming months. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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“In real estate, you make 10% of your money beca “In real estate, you make 10% of your money because you’re a genius and 90% because you catch a great wave.”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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― Jeff Greene #xclusivelifestylegroup #midtownatlstylist #midtownatlhappyhour #buckheadrealestate #buckheadrestaurants #buckheadhomes #buckheadshopping #buckheadboutiques #buckheadboutique #buckheadcondos #buckheadfoodie #buckheadfitness #buckheadvillage #buckheadbusiness #mariettarealestate #roswellgeorgia #dekalbcountyga #atlantababies #atlantacitylife #atlantasingles #southfultonlifestyle
“Owning a home is a keystone of wealth, both fin “Owning a home is a keystone of wealth, both financial affluence and emotional security”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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― Suze Orman #xclusivelifestylegroup #atlantaboutique #atlantaliving #atlantafoodie #atlantahomesforsale #atlantafitness #atlantamom #atlantarealestate #atlantamoms #atlantaunited #atlantababy #atlantafashion #atlantalove #atlantaphotography #southfulton #norcrossga #atlantahomes #atlantablogger #duluthga #atlantalifestyle #atlantaclubs #iloveatl #midtownatl #iloveatlanta #midtownatlanta #compoundatl #buckheadatlanta
Here's a riddle for you: What's a home sellers dre Here's a riddle for you: What's a home sellers dream scenario and a home buyers worst nightmare? ⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
MULTIPLE OFFER SITUATIONS!⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
Luckily for my clients, I am an EXPERT at getting in the ring and fighting the other offers for my buyers!⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
Here are a few of my secret moves:⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• The escalation clause.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
This secret weapon is a clause in the offer that goes something like this: ⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
“Buyer will increase the sales price to $3,000 over any other legitimate offer, up to a maximum price of $253,000.”⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
This is a surefire way to beat out other offers. ⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• Writing a letter to the owners.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
In some situations, the owners truly just want their home to go someone who will love it just the same they did. Writing a letter to the owners introducing your family and explaining why you love the home can often times work!⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• Make sure your agent calls the listing agent.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
I will always make sure to call the listing agent and get some insight on what the sellers are looking for in an offer. Sometimes, you can win a multiple offer situation just off of the terms of the contracts alone, without paying a higher price.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
Ready for an agent who will fight for you? Send me a message and let's get started! #xclusivelifestylegroup #atlantanights #atlantaradio #atlantafood #atlantatrails #atlantaeats #buckheadatl #atlantarestaurants #buckheadstylist #atlantamodel #buckheadatlstyle #atlantabarber #buckheadlife #atlantatattooartist #buckheadga #atlantaartist #mariettasquare #atlantaevents #mariettageorgia #atlantabraves #sandyspringsga #atlantamusic #sandyspringsstylist #atlantageorgia #eastpointga #atlantalife #lenoxmall
“I will forever believe that buying a home is a “I will forever believe that buying a home is a great investment. Why? Because you can’t live in a stock certificate. You can’t live in a mutual fund”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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― Oprah Winfrey #xclusivelifestylegroup #atlanta #atl #atlstylist #atlnightlife #atlantanightlife #atlantafalcons #atlantaga #atlantamua #buckhead #atlnights
If you’re looking to buy a home, you’ll need t If you’re looking to buy a home, you’ll need to get homeowner’s insurance. ⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
I’m often asked what it is, what kind they should purchase, and how much it’ll cost. ⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
Here are what experts in home insurance have to say to those common FAQs.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• What is homeowners insurance? Homeowners insurance protects your home against damages that occur to the house itself and the belongings inside. If you have a mortgage, your lender will require you to have homeowners insurance.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• What kind of homeowners insurance do I need? The most common type of homeowner insurance is an HO-3 policy, which covers your home, personal belongings, liability, additional living expenses, and medical payments.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
• How much will homeowner’s insurance cost me? The average homeowners insurance policy varies by state, but the national average is $2,305 per year. Your policy premium will typically be paid little by little as part of your monthly mortgage payment.⁣⠀⠀⠀⠀⠀⠀⠀⠀⠀
If you’re looking to buy (or sell) a home, I’d love to work with you. Send me a message and let’s chat! #xclusivelifestylegroup #atlantaboutique #atlantaliving #atlantafoodie #atlantahomesforsale #atlantafitness #atlantamom #atlantarealestate #atlantamoms #atlantaunited #atlantababy #atlantafashion #atlantalove #atlantaphotography #southfulton #norcrossga #atlantahomes #atlantablogger #duluthga #atlantalifestyle #atlantaclubs #iloveatl #midtownatl #iloveatlanta #midtownatlanta #compoundatl #buckheadatlanta
“A funny thing happens in real estate. When it c “A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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― Barbara Corcoran #xclusivelifestylegroup #cobbcounty #mariettaga #sandysprings #roswellga #alpharettaga #dekalbcounty #atlantabusinessowner #atlhotspots #krogstreetmarket #krogstreettunnel #visitatlanta #phippsplaza #gwinnettcounty #magiccity #downtownatlanta #atlfoodie #atleats #atlphotographer #atlutd #atlmusic #lithonia #decaturga #georgiapeach #atlantamodels #atlantahawks #atlantabusiness #atlantabeltline #atlparties #poncecitymarket
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