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How do YOU convert a FSBO nowadays?

By
Real Estate Agent with Real Estate One - Saline, Michigan

(Day 13 of the "30 in 30" challenge)

Maybe I have to brush up on skills.  Maybe I have to re-align my thinking.  Maybe I need new underwear!

FSBO's: We know the type.  Folks, for some reason, think they can sell their house faster and better by selling it themselves.  Yes, WE all know the reasons why it's better to list with an agent and/or broker.For Sale By Onwer?

But still, lots of folks still won't want to list, no matter what you say or do to try to sell yourself, or even just sell the concept of why have ANY agent or broker list their homes.  

Usually, from what I've seen, is that FSBO's WILL eventually go to list, but usually as a last resort, or if/when they've been STUCK with their home past a point in which it almost has to go to short sale, or just too close to a foreclosure.  But that's just my observation.  

The other thing I notice, is that when I try to "convert" a FSBO, it's all too easy to impress upon a seller that he's "doing the wrong thing" and therefore, you're either insulting him or intimidating him.  And we don't want that.

But I'm thinking that what I've been doing hasn't been working as well as before, possibly because the times have changed, or even that with the economy SLOWLY improving, FSBO sellers seem to get more optimistic about selling their homes themselves.  I'm seeing more and more FSBO's selling "at their leisure", or possibly they are still NEEDING to sell, but their optimism is pushing them too far.

What works?So perhaps I need to evaluate what is working and what isn't working.  Seller's motivations are possibly different than what they were years ago.

 

SO what are YOUR best ways of converting FSBO's nowadays?  Or maybe what you could call "pick-up lines"?

 

Posted by

Mark Druckmiller

Real Estate One - Saline

601 E. Michigan Avenue

Saline, MI 48176

734.944.7900 (office)
734.369.7419 (cell)

mark@realestateone.com

www.isellwashtenawcounty.com

Short Sales and Foreclosure Resource (SFR, www.realtorsfr.org)

 

 

 

Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

Mark, I think I will park here and see what advice you get.  I know that "back in the day", we could convert FSBOs by selling them on our "big box" advertising with our "big name" franchise companies.  Now, we all have the same advertising tool--THE INTERNET.  I will be interested to see what pops up on your blog.

Sep 06, 2010 08:57 AM
Mark Druckmiller
Real Estate One - Saline, Michigan - Saline, MI
Customer Care coordinator - Real Estate One headqu

Wow.  Thanks for your quick response, Jean.  However, my real estate career might be shorter than yours, I've always had The Internets available to me for real estate.  But that's also one of the reasons I'm asking around, some FSBO's I talk to STILL don't consider the internet as "REAL" advertising, no matter how hard I push.  So when I say, "...we can advertising and promote your home on over 90 websites," to them it sounds like I'm describing how to gut a bass.  It just doesn't click with them.

This has also happened to a few FSBO's I've talked to, they were RETIRED real estate agents that got out in the 1990's and believe that everything still works the same way now as it did then.  I ask them "what marketing have you done on the internet?", and they usually defer the question, or make it sound like the internet is just about as important as the paint on the signpost of your listing sign.  It doesn't resonate....

Sep 06, 2010 09:05 AM
The Elise Bickel Team
ReMax Select Realty - Pittsburgh, PA
Leasing, Property Management and Sales

I think FSBOS need reassurance that they are doing well, and that you are there for them if they have questions. Building a relationship is the BIGGEST part to conversion. If they think you are genuinly there to help them will lean on you when the times get tough.

Sep 06, 2010 10:01 AM