If you are a Realtor in town, you very well know that there is a relatively "untapped" market that really never gets penetrated that much. I mean, sure, Realtors come up with all different kinds of marketing ploys to 'lure' the unsuspecting For Sale By Owner into their trap. By in large though, this market is a tough nut to crack.
If you are a For Sale By Owner in Cedar Rapids, you are no doubt besieged by phone calls, pop-bys, emails, snail mails, etc. All of these are in an attempt to convince you that a Realtor can and will sell your home faster and for more of the asking price. In fact, statistics help me out here. In Cedar Rapids, a For Sale By Owner sells his/her home for approximately 94% of the original asking price and/or current buyer's value in today's market place. A Realtor can sell your home for between 97.5 -98.5% of the original asking price and/or current buyer's value. Let's break down the numbers.
On a $100,000 home, that's a difference/ savings of between $3500-$4500 in your pocket at closing. It's true! In all areas of Cedar Rapids, including Marion, homes sold by Realtors are being sold anywhere between 97-100% of the asking price. Also, the "average" Realtor will sell your home in about three months versus six months for the "average" For Sale By Owner. Why? One simple word that speaks volumes! Exposure!
A Realtor can expose your house to the 800+ Realtors in town. That's just what an average Realtor does and that comprises about 90% of all Realtors in Cedar Rapids. An above average Realtor (5% of the Realtor population) will take pictures of your property with a sub-standard digital camera in low light and place them on the MLS (Multiple Listing Service). The house will be priced right for today's competitive buyer's market, but it will take a bit longer to sell because of poor marketing.
A top of the line Realtor will do the following to market and sell your house!
We as Realtors in Cedar Rapids are extremely valuable when it comes to working with For Sale By Owner clients. We understand your wanting to save money in a very important transaction. As long as Realtors are perceived by the general public as having value, we will always be around.
Also, as long as For Sale By Owners eventually use Realtors to sell their homes (87% of them do in Cedar Rapids), we will still be held in the highest regards, as we do what we do best; market your house to sell! Best of luck this spring and please call if we can be of any assistance at all!
Christopher Smith
Traditions Real Estate
www.christophersmithrealtor.com
christopher.smith.realtor@gmail.com
319-329-5988
Licensed Realtor in the state of IOWA
"Success in real estate at the SERVICE of others"
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