For Sale By Owner - Seek Professional Help First.

By
Real Estate Broker/Owner with Waters Realty of Brevard, LLC BK3064647

I just realized this morning what some for sale by owner sellers must feel like occasionally.   You see, I am clearing out some old junk and one of the boxes had a few coins I "collected" while traveling in the military.  Well, the collection was not intentional.

Anyway I decided to sell some on Ebay to see what they were worth.   I am not proceeding blindly because I "googled" other items with similar characteristics (in my opinion).  [Is this the Zillow Approach to Selling Your Own Home?]

So I set the price as a "FSBO" coin seller.

The market has shown me a few things so far.  The most important being that my price opinion was possibly a bit high.  

At one point I raised the market time from five day duration to ten days thinking I did not give my product enough exposure to the market.

Still, no takers.

There are a few that have received bids.  Low but at least some interest.

Admittedly I have very little risk in my "FSBO" bid to get rid of unwanted stuff. 

But that is where the comparison ends.

Selling what is likely ones most expensive possession is quite different.   FSBO sellers are risking much more than a few foreign coins!

For sale by owners need to understand their risk.  FSBO sellers need to understand the process.  FSBOs need professional advice.  FSBO sellers need to know the market and competition.

As for me and my coins I will get rid of them because they are just junk. If they truly had more value than a few bucks I would go a different route.

But a house is much more.

I work up this morning with the same thought a FSBO seller must have each morning.  Will a buyer come today and appreciate my stuff for what I believe it is worth?

If one is considering selling as a "For Sale By Owner," get professional advice first.... professional as in real estate agent - not a shrink!

By the way home buyers... before approaching FSBO sellers seek professional advice as well!

Posted by

Gary L. Waters, is a Florida licensed real estate broker at  Waters Realty of Brevard, LLC, Melbourne, Florida serving Florida's Space Coast including the cities and surrounding communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and Satellite Beach.

 Call or text me directly at 321-693-3850.

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gabe Sanders 02/19/2018 11:50 PM
Topic:
Home Selling
Location:
Florida Brevard County

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Rainmaker
467,743
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC 

Thank you for sharing your information

Have a great day.

Jan 17, 2018 08:36 AM #1
Ambassador
894,757
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Gary, I would not know where to start trying to sell on Ebay. I do buy alot through Ebay.

Jan 17, 2018 09:55 AM #2
Rainmaker
4,051,409
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's a lesson that many home sellers have not learned and one that many of us Realtors see played out daily.

Feb 09, 2018 05:35 AM #3
Rainmaker
4,071,338
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC in this market, we do see a few FSBO's but they usually have an agent give a presentation and produce a price for them.... and after a few frightening weeks of marketing sparingly, they list.

Feb 20, 2018 03:57 AM #4
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Rainmaker
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC

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