A FSBO sure taught me a lesson

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

For some sellers, saving big bucks on a commission is more important than realizing the full proceeds of the sale of their home:

 

Original content by Scott Godzyk NH License 033394

Are you open to learning a lesson? There was a Manchester NH Home Seller who interviewed a few local Realtors. They decided they wanted to save money and would sell it themselves. It was a shame, as I had already sold 2 homes in that neighborhood and know it well. He was not even open to working with buyer agents. 

 

Mrs. Seller invited me to their open house. She was very uneasy with her husbands plan and ability to sell the home on his own. Mr. Seller was polite and he showed me around the home. In realty though, he did not do anything to prepare his home to start showing buyers. There was a local investor there looking as well. As I parted ways and headed to my next appointment, I got a call from the seller.

 

He did it. He sold the home. He said, "he sure taught me lesson for charging a commission to sell a home. Who needed Realtors any more." He continued telling me how much he sold his house for. I gagged as he sold it a good $50,000 less than market value. 

 

As I regained my composure, he did not stop there. He let me know how happy he was to save a $10,000 commission. Then... that is when I let hm know that he saved 10k, but lost the $40,000 additional they would have received by selling the home too low. Being on speaker phone, his wife in a sharp tone said, "YOU DID WHAT?"

 

He had signed the contract with no contingencies. He was knee deep in it now. He was blinded by a will to save money instead of a will to sell his home at the highest price and best terms. I have a feeling his wife will teach him a lesson. In the mean time I share this story so other sellers can learn that a good listing agent, more than covers their fee by selling your home at the highest price and best terms for you, the seller.  

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 32 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

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Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Gabe,  Thanks for sharing this blog.  This is a lesson we should take to heart and do our best to help out our clients.

Mar 10, 2019 10:44 PM #1
Rainmaker
5,264,144
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Gabe, for sharing this excellent reblog selection.

Mar 11, 2019 06:01 AM #2
Rainmaker
3,187,667
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

 People who try selling on their own focus on what they believe they saved,...and have no idea what they lost.

Mar 11, 2019 06:15 AM #3
Rainmaker
3,522,487
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Gabe. You picked a really good one to re-blog. I remember reading this when Scott first published it.

Mar 11, 2019 07:23 AM #4
Rainmaker
2,447,289
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Great choice for a reblog and I feel sad for those that get so caught up in saving money and don't even realize how much money they are leaving on the table.

Mar 11, 2019 11:01 AM #5
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Gabe - that is just another example of being penny wise but pound foolish.

Mar 11, 2019 11:02 AM #6
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I learn something from every transaction no matter if it’s a for sale by owner or a polished professional. Thank you for sharing this post Gabe Sanders 

Mar 11, 2019 01:17 PM #7
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Gabe Sanders

Stuart Florida Real Estate
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