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Michigan Home Sellers Can Now Keep More of the Hard-Earned Equity in Their Home, Thanks to New FsboMichigan.com Website

LANSING, MI (July 16, 2007) EWORLDWIRE.COM – As home prices fall throughout Michigan, homeowners are pursuing alternatives to give their houses the best chance for a quick sale while not giving away six percent of the selling price to a real estate agent..  For a one-time flat fee of $195, new megawebsite, FsboMichigan.com, provides Lower Michigan homesellers the same marketing and sales tools used by real estate agents to sell houses, including personal service (www.fsbomichigan.com). 

The release of a study by two Northwestern University economists (New York Times, June 8, 2007) supports the validity of homeowners using services such as FsboMichigan.com, concluding, “People (in Madison) who sold their homes through real estate agents typically did not get a higher sale price than people who sold their homes themselves.” Using FsboMichigan.com, for-sale-by-owner sellers save thousands or tens of thousands of dollars in commissions when their house sells.

“Families often don’t have enough equity to pay traditional commissions,” notes Karen Lauck, who owns FsboMichigan with her business partner, Ian Wylie.  “Many also prefer to have more control over the process of selling their home and don't believe the amount of service they would get from a traditional real estate agent merits $12,000 on the sale of a $200,000 house.  With us, homeowners receive a full-sized professional For Sale sign, installed with a freestanding brochure box next to it, unlimited space for describing the property with up to 12 photos, advice on pricing at the FsboMichigan.com website and much more.”

After launching their FSBO service in 2003 for just the Greater Lansing area, Lauck and Wylie refined their responsive, hands-on yet web-based system, and then licensed it to 11 other areas in the state. Until recently each licensee had a separate website, but now all of Lower Michigan is served through FsboMichigan.com (www.fsbomichigan.com).  Testimonials at the website highlight Michigan homeowners who received offers and made sales from their $195 FsboMichigan listing.

“We also do our best to point homeowners toward other inexpensive services for FSBO sellers, such as a market analysis from appraisers who charge just half the going rate for appraisals and title companies that perform closings for just $250 to $350,” adds Lauck.  “And unlike the big national FSBO operations, we answer questions by phone and help those who don’t have digital cameras take pictures or scan in printed photos, and actually install the sign.  Although customers worry that something might go wrong, we agree with what an attorney for the Wisconsin Department of Regulation and Licensing said in a 2006 New York Times article, ‘The majority of residential transactions are very simple:  99 percent can be done without a broker.’”

Michigan homeowners interested in more information on FsboMichigan’s services can learn more at www.fsbomichigan.com or by calling the main office at 989-983-4567.


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