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FSBO Sales have FALLEN OFF

By
Services for Real Estate Pros with Tranzon Fox Auctions

Unrepresented sellers are realizing they need help in this slower market... Fortune Small Business reported a 5% decrease in sales, from 20% of all sales to 15%.   FSBO websites are slower and fewer FSBO internet sites are being sold to real estate entrepreneurs. 

This is great news for Realtors, who are the best equipped to navigate, educate and negotiate with buyers and sellers through the tricky waters of a real estate transaction which are now particularly fluid, given changes in lending and appraising standards.

Brokerages remain the best way for buyers and sellers to find each other, often first doing internet research through www.realtor.com and www.zillow.com .

 

Anonymous
Dave

Are you cutting your commission in half for those upside down?

Feb 04, 2009 10:52 AM
#1
Linda Staples Terry
Tranzon Fox Auctions - Richmond, VA

NO, but in some cases the banks are in order to make the deal !  I have not done a short sale since October, before the financial market crash, so I don't know if things are different now or not.  Every lender is different but I would imagine they ALL try to cut commission.

Feb 04, 2009 12:34 PM