Does it work?
YES. The FSBO concept has been working in the U.S.A. for over twenty years, where an estimated 60% of homes are sold privately.
In the rest of Europe these figures are much lower due to the fact that people are simply not aware that FSBO exists.
However this is changing and it's time to see the benefits of today's technology used as only FSBOMALLORCA can.
What will it cost?
We give you a number of options which include a one time set up fee and a monthly payment plus a fixed fee per viewing your property if and when required.
In comparison to a 4% - 6% commission charge on a €1m property your saving could be anything from € 37,000 - € 57,000. Think of the savings on a €5m property!!
Do you think your property might sell faster if it was reduced by part of this amount?
How do you compare with the functions of an estate agent?
The main function of Estate Agents in the past has undoubtedly been the ability to advertise a property better than a private seller.
However the Internet is changing peoples options to trade.
The benefit of FSBO is that it shares information around the globe and is not limited to your immediate neighbours.
It is infinitely possible that the prospective buyer of your property will not see a for sale sign or even a photograph in a shop window.
Surely estate agents have financial and legal advantages?
An organisation making land and property search information more accessible, recently reported that a survey they conducted showed that 19% of the public think that the Estate Agent actually carries out the conveyancing and 8% think that vendors do it themselves. This is absolutely NOT the case!
Estate Agents are not required for the conveyancing and you can instruct a solicitor equally as well yourself. Financial advise would be taken in any event.
Who will know that my property is for sale if you don't have an office to show it?
Recent research by a leading UK estate agency found that 56% of buyers who registered with agents, and 41% of all viewings arranged by agents, were generated by on-line activity.
What happens if I'm already listed with an estate agent?
We have more advice about that situation when you contact us but you can decide to keep your agent and work with us too.
Is it safe to show my whole house on line?
We don't give the exact location of your property any more than an agent does.
We can password control areas of your presentation should you wish and if you want we can make your full presentation
only available to genuine parties who give us a valid email address and contact details.
Not a question if but rather when.