If you are a buyer who thinks that you will get a better deal from a seller without an agent, you may want to rethink your strategy. The fact is that the majority of FSBOs (For Sale by Owner) are undertaken with the notion of making money for the seller, not passing along any potential savings to the buyer.  In addition, many FSBSs start out by pricing their properties above market value without paying proper attention to actual comparable sale prices.  Then, when prospective buyers factor in a FSBPs emotional attachment to his or her home and the associated inability to negotiate effectively, they find that they get more than they bargained for but not in terms of dollars.

 

Your Neighborhood Specialist

Maria Lourdes Couto, ABR,CDPE,CRS,GRI,SRES                         

REALTOR-Associate
RE/MAX Premier
60 Mountain Blvd
Warren, NJ 07059
Cell/Direct: 908-400-1801 
Office: 908-754-1500  
E-Fax: 908-636-2507
E-Mail:
Homes@MariaLCouto.com  
WebSite:
BerkeleyHeightsAndBeyond.com

Helping folks buy and sell in:

Berkeley Heights Real Estate
Jersey Shore Homes
Warren NJ Homes for Sale
Long Hill NJ Homes
New Providence Real Estate
Union County NJ Real Estate

Click to Talk to Maria Lourdes Couto,ABR,CRS,SRES!

 

2 Comments on MORE THAN YOU BARGAINED FOR

OCT
19
2007

I just recently had this happen to me.... Buyer saw the home we wrote an offer seller agreed to pay three percent. Not understanding basic closing cost the seller asked for a general idea of their net. So when I gave them an idea.... Now they only want to pay three percent total including my commission and closing cost. I explained to the buyer that I would help out with my commission but I couldn't work for free. The buyer agreed totally. We decided to find another home. Seller finally SOLD the home for less money and paid all closing cost and pre paid items. The seller called numerous time has your buyer found a home yet. We are willing to look at offer by that time we had already found them something different. GREED is a bad thing

12:58pm • #1
180,281 Points Outside Blog
Thank you for commenting Michelle. Karma works every time.(Besides our professionalism.
1:29pm • #2

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Maria Couto,ABR,CRS-Berkeley Heights & Long Hill Real Estate Home Sales

Berkeley Heights, NJ

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RE/MAX Premier

Address: 60 Mountain Blvd, Warren, NJ, 07059

Office Phone: (908) 754-1500 x 158

Cell Phone: (908) 400-1801

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