We are a "FSBO" (For Sale By Owner) Real Estate Marketing Service serving the Poconos and the surrounding areas of Northeastern Pennsylvania and Northern New Jersey.
For Sale by Owner is nothing new, but with FSBOpocono.com we give sellers the ability to go well beyond a standard classified ad.
Buyers and Sellers of real estate can save thousands of dollars by working together directly. If you are thinking about Selling By Owner, FSBOpocono.com is the absolute best way to do it!
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LIST YOUR HOUSE NOW!
Click the "SIGN-UP!" link on the left...
To learn more about our services please click on the FAQ button.
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Nearly one in four homeowners currently choose to sell their homes without a broker.
The reason is obvious.
With real estate commissions as high as seven percent of the selling price the average homeowner takes a beating when listing with a broker. Suppose you’re selling a $145,000 home on which you owe $110,000. You expect to realize $35,000 in equity.
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145,000
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- selling price |
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-110,000
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- left on mortgage |
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= 35,000
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- equity |
Of course, if you list with a broker who charges six percent commission he'll take it off your selling price, not your equity. You’ll pay $8,700 in commission.
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145,000
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- selling price |
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x 0.06
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- % commission |
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= 8,700
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- commission cost |
Now your equity is $26,300 and you haven’t even paid your closing costs!
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35,000
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- initial equity |
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- 8,700
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- realtor's® commission |
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= 26,300
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- net equity |
Your realtor® just walked away with 25% of your equity. Nice deal, huh?
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8,700
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- realtor's® commission |
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÷ 35,000
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- initial equity |
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= 24.9%
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- realtor's® percentage of your equity |
In the past, the real estate industry very effectively limited access to the home selling market through the MLS. This allowed them to drive commissions up to a very high level. With the emergence of the internet as a ubiquitous medium, though, this real estate monopoly is quickly deteriorating as the public increasingly turns to FSBO sales.
Many people are realizing that selling their own home to save the commission is a very realistic and sensible option. Adding up all the financial costs of selling on your own (i.e. signage, advertising, etc.) is typically less than $1,000, a small fraction of the typical commission fee.
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