Should I Be FSBO?

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

That's a good question. The answer IMO is NO! There's more to FSBO than people think of. The folks at KCM have put together this infographic containing the basic reasons for not being a FSBO. If you do decide to go that route you will find out quickly the inconvenience, time, legalities, and paperwork could be overwhelming and a big pain in the... lol

 

Think You Should For Sale By Owner? Think Again 

Think You Should For Sale By Owner? Think Again [INFOGRAPHIC] | Keeping Current Matters

Some Highlights 

  • For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent.
  • According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics.
  • Before you decide to take on the challenge of selling your house on your own, connect with a trusted real estate professional to discuss your options.
Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

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Location:
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MA REALTORS
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Tags:
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Rainmaker
2,198,677
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Doug Dawes - I think most of those signs will end up with an agent.  Some people have to be shown.

Jul 08, 2020 08:34 AM #1
Rainmaker
5,387,930
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Doug Dawes I've been a listing broker for 42 years and I have never listed my own properties, even if E& O insurance would cover the transaction..... most will not if the listing is in your name.....many agents don't realize that..

and I paid a full commission to the listing office/listing agent and they paid the co-broke a full cooperating fee.... and I've owned 23 units that I've bought and sold.... 

 

 

Jul 08, 2020 01:25 PM #2
Ambassador
4,251,476
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There are always going to be sellers who think they can do it by themselves and reap the benefit. There are a number of risks, it's likely they will net less money, and in this time of Covid-19 there are plenty of procedures to be aware of.

Jeff

Jul 08, 2020 09:52 PM #3
Rainmaker
3,401,212
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Doug it reminded me of a quote I read many years ago An Attorney who represents himself has a fool for a client, same in Real Estate especially in our current pandemic...Endre

Jul 08, 2020 10:04 PM #4
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Grant Schneider 

The statistics do show that many FSBO's revert to signing with an agent

Jul 09, 2020 08:03 AM #5
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Barbara Todaro 

This is why you are a successful Real Estate Professional. 

Jul 09, 2020 08:04 AM #6
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There are so many things those who FSBO do not know Jeff Dowler, CRS BUT will find out before they sign with an agent

Jul 09, 2020 08:05 AM #7
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Right On Endre Barath, Jr. That is a quote people should take to heart

Jul 09, 2020 08:06 AM #8
Rainmaker
580,822
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Of course I agree with you...however, will say I did just close a FSBO last week, it was the perfect house for my buyers and the seller actually knew what he was doing!  He priced it right, had a disclosure ready and was easy to work with.

Jul 09, 2020 09:22 AM #9
Rainmaker
1,612,757
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Among the many reasons why most people should not go FSBO - they don't know what they don't know. It's a good way to get in trouble.

Jul 09, 2020 09:51 AM #10
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Mary Hutchison, SRES, ABR 

There are some who do it properly MOST do not and don't have a clue. I'm assuming he paid you?

Jul 10, 2020 07:23 AM #11
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Marte Cliff 

That's right...MOST do not know what they don't know. That's why most end up listing, in the end

Jul 10, 2020 07:24 AM #12
Rainmaker
1,017,871
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

You've just given me the title of my next blog!  Actually a buyer called me after buying because she used a friend in the business, which is actually the next best thing to being a buyer without an agent due to the reason for her call to me! Anyway, loved your post. Buyers and sellers need us now more than ever!

Jul 12, 2020 05:50 PM #13
Rainmaker
875,127
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Jan Green Glad I could be of help...lol I'll be waiting to see your post

Jul 15, 2020 07:05 PM #14
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Rainmaker
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Doug Dawes

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