It happens to all of us. We go out to list a property and the seller says "I think I will try it FOR SALE BY OWNER". Okay. It happened to me just recently. So I said, "I understand your decision but if you do not sell it in a month I will list it". Then I send the seller a quick email stating the nature of the market. That even when they think they are saving a commision odds are a buyer will come with an agent and the seller's will pay them on the buying side. Then I discuss that they x dollars they think they will save is really time lost from showing it to unqualified buyers, newpaper ads and boring Open Houses. To conclude the emial I tell them to list it on Craigslist and on Zillow.
Today I checked to see if my advice was taken and it was, but by a listing agent. For $5,000 more than I recommended. What happened to the FSBO idea? Where did the other agent come from? Why didn't they just call me up and say could we do a little more on Price? I probably would have told them that it was going to be overpriced. So maybe it is for the best.
Comments(4)