In my previous post, about choosing to use a Realtor rather than selling a property FSBO, I made a comment which I feel can stand as a post on it's own. To those who contributed to that post by commenting: Thank you so much!
My Recent Experience With a FSBO
I have experienced FSBO's recently, as a buyer, because I've been 'in the market' for a bigger house. I was willing to do the research for a FSBO if the house, location and price was right.
Believe it or not, there was one house that seemed perfect and was a FSBO. It was just like our house now, but MUCH bigger. The price was a bit high for FSBO but that didn't stop me from having it on our list 'to see'.
BUT, it was not available for showings without the owner, had no lock box, and we would have had to get a hold of the owner to even find out about bookings. There are too many other houses on the market to put up with that. I told my Realtor to forget about it.
Time is money; I will pay good money to save time.
If someone wants to sell their house, if they are SERIOUS, they need to list with a Realtor. As a buyer, I'm NOT going to jump through hoops just to see a house!
When entering in to a contract it should be a win/win situation. I've not come across any offer from FSBO marketing about saving the buyer money. Do FSBO's have the 'it's all about me' metality?
What is the point of selling property FSBO? Control over the process and transaction? You sell for less, or at least to be fair to potential buyers and create that 'win/win' situation you should be selling for less.
FSBO just doesn't work for the most part. I wish it did...I'd love to keep the commission in my pocket when selling...but it's not my money, it's the buyers. No one could ever accuse me of spending money frivolously. I drove all the way down to Charlotte North Carolina last August to by a new vehicle (Honda Pilot). I saved just over $21,000...seriously.
I'm also now the proud owner of a new (to me) house sold by a Realtor and shown by a Realtor. I know my B.A. will have earned 2.5% of my money paid on the house. If the L.A. made the same amount...well I just paid with the money I saved by purchasing my SUV south of the border. I consider it money well spent.
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I've added this post to the AR Group "Target Marketing" because I don't think FSBO's realize they are not hitting their target market. Buyers!
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