This is a great post written by a fellow KW agent in our office. I her observations are right on the money when it comes to trying sell your own home. Thank you Jill for letting me re post this!

Via Jill Watts (Keller Williams):

I just took a listing a while back in Clark County, WA area. It had been a FSBO. It had been on the market on and off for about a year. The "unrepresented sellers" had tried renting it out and ended up having to put in all new carpet and repair walls after the renters moved out.

So, the sellers shove a red and white plastic sign down into the ground with their phone number on it that says "For Sale By Owner." They get a lot of calls all right. When I took the listing, the owner gave me a list of people that had called on the sign phone number. The owner said I need to call and check out these people to see if the buyer really wants to buy it.

I called all of them. Most of them were not interested at the price we have listed it at, even though the comps in that area tell me the house is pretty much in the right range. Most of the buyers wanted the price to be about $60-70,000 less, but didn't have a down payment to get started anyway. Three of them didn't have jobs, one had a job but not for a whole year. One said they would sign up for the First Time Homebuyer's class. All of them listened politely for the spiel about the $8,000 tax credit. One lady was very rude to me and said "I can find homes for sale all by myself! I don't need a realtor!"

These buyers don't seem motivated. It takes effort and decision making skills to buy a house! They seem to want something for nothing...no credit, no mortgage, no payments, no effort!!  Not getting a house either!!

 

 
Post is included in group: Vancouver Washington Real Estate
Post is included in group: The Lounge at Active Rain
Post is included in group: Realtors®
Post is included in group: Club Chaos
Post is included in group: Clark County Real Estate Professionals

3 Comments on Buyers Seeking FSBO's Not Credit Worthy?

AUG
22
163,091 Points Outside Blog

This is why FSBOs have a hard time in even and average market.  Takes a lot of work by knowledgable realtor to find a good buyer.

6:59pm • #1
866,674 Points 68 Featured Posts Outside Blog

I agree Jill did write a great article that should be printed out and given to ever FSBO who has a home on the market!

Todd Clark - www.LivingBeaverton.com

7:20pm • #2
AUG
23
3 Featured Posts

This one of the reasons I loved working with FSBOs. I could show them the benefits of doing owner financing and I could have their home sold in 3 days.

10:29am • #3

This blog does not allow anonymous comments

 
Hal432-r1-36a Rainmaker_large

Mark Hall Vancouver Washington Real Estate

Vancouver, WA

More about me…

Elite Realty NW - Keller Williams, Vancouver Washington

Office Phone: (360) 816-9697

Email Me

Mark and Janice Hall of Elite Realty NW lead a dedicated team of real estate agents in the Vancouver Washington area. Each one passionate about providing the highest quality customer service. Each is focused on getting you into the Vancouver Washington home of your dreams.


Links

Archives

RSS 2.0 Feed for this blog

Find WA real estate agents and Vancouver real estate on ActiveRain.