Such home owners will require constant, vigilent, persistant ovoersight and supervision. They will second guess every action and will not be transparent in the transaction. The agent involved must handle, with great liability, both sides of the equation....and do all the babysitting.
Of course this means the DIY home owner will need to pay additional compensation. Compensation in excess of what would have been required had the home been listed on the MLS.
In their state of denial, the DIY home owner, the FSBOer, won't co-operate. The willing seller therefore evaporates. Of course I'll work with FSBO sellers, but not on their terms.
From experience I would say most agents do avoid them because most FSBO"s don't want to deal with agents for whatever reason usually they don't want to pay commission but stats show a high percentage of fsbo's eventually list with a realtor.
Agents can't show what they don't know exists and the vast majority of FSBOs are virtually invisible.
If I'm not 1000% percent certain that the FSBO know what they are doing, I'm going to warn my buyer of the risk and encourage them to move along.
Honestly, I thinks FSBO's probably will loose more by trying to sell the house on their own.
It's an official statistic that Brokers bring the sellers much higher prices, that Sellers themselves.
And all this without any hustle, marketing and extra spending's
We are not trying to earn the money for free, actually we do a lot of work for it, or at list some of us.
My advise, if you decide to handle it over to a professional, be very choosy.
Here are some basics rules;
1. Agent sells the house, not the Agency
2. Choose the Agent that can spend enough money for the Marketing (Brokers/Owners are the best choice by far)
3.Be one of a few listings, than one of a very many.
4.Make sure your Agent is trust worthy when you see him
5. If Agent agree with you on everything, drop him. They just trying to get a listing at any price.Time is a very important commodity, don't loose it