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10 Comments on For Sale By Owner in Trenton Ontario
This is MY feature of the day. Well said sir and so true. The value of our knowledge is what our sellers pay for- it does not come for free.
I agree, Malcolm, it is your right as a business owner to determine how and who you do business with - and I'm not sure why these folks think that you would want to expend any effort on their listing, when you would likely be making your full commission anyways should one of your buyers be interested in the property. Have you met an owner in a FSBO situation that wouldn't agree to the buyer's commission if they knew a potential buyer was sitting in the car...? Seems like a potential for associated liability, without the backing of a listing contract!
That's right Ellie, I use my free time to volunteer for worthy causes, not to market propeties. That's my day job.
Karen, I've never had an FSBO turn down full commission when I have a willing buyer ready to move. A lot of people talk the talk, but when it comes to walking the walk, the tune changes quickly when they have been trying to sell their home for months without a nibble.
Malcolm, I am getting more and more e-mails like this also. Personally, I am finding FSBO's not worth the bother...
I have never even called on a FSBO...I much prefer working with buyers, especially in this market!
It doesn't seem right if they are asking you to promote their home on your sites for free. I can see how they would try and make agents aware of their properties but they have no right to ask for free help.
Malcolm - one of the fellows in Kathy's office checked the stats on FSBO's in our area listed with the flat fee brokerages you mention and found their results wanting and they advertised others as being sold on their site even though they ended up being listed and sold by a conventional brokerage firm
Chris, I think it's part of the strategy of those flat fee brokerages. Now that people are finding that it's not all rainbows and skittles and are complaining, they have to do something to placate them, and maybe this is it. Call the local agents and get them to promote their homes. I'm sure agents with nothing to do might be interested.
Kristin, I have sold FSBO properties to my clients because they wanted those homes, but since I pretty much have to work both ends of the deal I ask for a higher commission, and not a single F.S.B.O. has ever argued with that. I have ended up actually making more from those deals.
Janice, it's strange that they think I'd be interested in promoting a property that I don't have a listing for.
Barrie, I'm sure a lot of those outfits will be gone soon. I regularly see houses listed with them for a while and then eventually a local agent's sign will be up on the lawn. Usually that's when they sell. And yes, I have seen them trying to pad their statistics by marking the property as "sold" on their website even though they had nothing to do with the sale.
Malcom, great post and suggested. Some FSBOs are hard to work with if/when you get a listing. I do not call on FSBOs, but will list their property is they desire... I actually had someone ask me if I would blog about their house they wanted to sale, of course it was a FSBO. I said "I don't charge for blogging, but only blog about my listings. I did it once for a friend, but never again.
Good points Malcolm. As you mentioned, I'm sure they are just doing as suggested.
Best wishes on your Trenton Ontario real estate business!