Monday:Called For Sale By Owner as I noticed he had his house for sale for over 7 months and recently lowered the price to 150K. Tues: Listed the house at 158k. Wed: Got full price offer! Why do it yourself when we can make you more money and we do the work? Send them to www.GaryWolter.com if they are your real friend.
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Lori Stephan likes this.
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Patti Weber Jakoubek I'm certain the homeowner was pleased to get a sale in such a short time after 7 months as a FSBO, but did the homeowner net more or less than $150k after the commission was deducted?
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Though we have sold houses for 8% more than the FSBO was asking, this was around 5% more. Several factors here that people forget. Everyone always focuses on the commission. He spent over $9000 in payments in the last 7 months. Consider the house he was buying...If the rates would go up a half of a percent (which they have gone up and down a lot) on a $200k house that equates to a $1000 loss for every year you stay in the house!!! His net "lost" was $3000" with me selling it. If he could have found a buyer to pay him even close to what he was asking. Hope that makes sense. Don't save a nickel to lose a dime. If we had no value we wouldn't be around. Realtors have a great value and its called Exposure! Plus 3rd party negotiation always save money.The more people who see your house the more chance you have to sell it for top dollar. That's why our biz has gone up 20% in the last 2 years. Thanks Patti for bring up the math!
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