I talk to FSBO sellers all the time trying to get their listing. I have mixed results. They are usually persistent or know another agent that they intend to list with if they can't sell it themselves in a short period of time.
Some of these FSBOs are marketing their house completely wrong. I was driving the Cascade Hills neighborhood recently and noticed out of maybe 10 homes in this small subdivision that 5 were for sale. Two were listed and 3 were FSBO. These sellers may not realize that most buyers capable of purchasing their home doesn't drive around neighborhoods or look in the newspaper looking for homes for sale. They call a Realtor who does all the legwork.
I spoke with a couple of FSBOs recently. One had just put a cheap "For Sale By Owner" sign in their yard the Saturday prior - I called them on a Wednesday. The lady was really nice and told me that she believed she had her house sold as she was negotiating the price with a buyer. I told her that was great to hear as most sales don't happen that quickly. I inquired as to the features of the home and the asking price. It was priced in line with what a Realtor would likely price it at. I asked her if she had many calls and she said she had quite a few. I also asked her if she had many calls from other Realtors and she said I was the first one, also to my surprise. I mailed her a letter to followup anyway. The yard sign is now gone so I assume she has it sold. I drive by this house often so I've been keeping watch. :-)
A couple of days ago I spoke with a couple who wanted to view a listing I have. While talking with them I learned they had sold their home FSBO style. They sold it in less than 3 weeks and they close in less than 30 days if the inspection went ok - which they assumed it would, of course.
I see FSBOs all over the place that sit and sit and sit. These sellers eventually list them or they continue to sit on the market with the yard sign out front and maybe an expensive newspaper ad on Sunday. After talking to these two sellers made me think that with the news constantly stating it's a buyer's market that some sellers think they don't need a Realtor because there are plenty of buyers out there. Of course, these two particular people may have just gotten lucky. Neither appeared to hold out for top dollar like some FSBOs do.
Bill even a blind squirrel gets a nut sometimes, most FSBO sell for less than what a realtor would get and some just get lucky. In Miami the FSBO market is dried up, Realtors are having a tough time, I think FSBO's have giving up?
Bill even a blind squirrel gets a nut sometimes, most FSBO sell for less than what a realtor would get and some just get lucky. In Miami the FSBO market is dried up, Realtors are having a tough time, I think FSBO's have giving up?
When you get a toothache, do you pull the tooth out yourself to save a buck or two? Sure, some won't get an infection, but I bet it won't feel good. That's how I feel about FISBO's
Ellie-
Exactly- when you need to travel...do you go to expedia or call an agency...when you buy stock do you use eTrade or a private 1-1 investment agent,
I don't buy for a minute all those studies that show Realtors(r) get you less ...bunk