In regards to your post, did you really expect any other comment by the GM of a company named ForSaleByOwner?
Keller Williams Realty Professionals
It isn't a matter of "a lack of confidence" but wher smart and informed buyers will be placing their efforts. Of course, if a FSBO is priced competitively and marketed effectively, why wouldn't it be able to secceed?
For the most part "For sale by owners" still will not be able to compete in a market that is in transition.
....when it works.
A really bad idea when you've been on the market 4 months and you've met every "Rent to own" seeker in the county. Those investors who smell opportunity and swoop in with those...."can't lose' deals and end up offering 40% of whatever value they conjure up. A really, really bad idea if you sign any of that paperwork.
Now, I like to save money just like everyone else. But I do strive to recognize when guilt and pride are imposing illogical reactions to a situation that requires clear thinking, carefully created strategies and expert implementation.
In the end it's a great idea when all of that comes together or better still, when luck lives on your street. 'Yahooo, I sold my house myself and got a good deal......I think."
Do any of you remember how the owner of ForSaleByOwner sold his home 3 years ago?
Nicole Marks Mason, Realtor
That being said, I advise anyone against a pure FSBO (that being a home for sale without being listed on the MLS and without broker cooperation, i.e. without offering a commission to potential buyer agents). The main reason is marketing exposure: you plainly can not achieve the same exposure as a pure FSBO as you would by listing on the MLS. Both from an eyeballs perspective (how many buyers will find your home online, the only place that matters) and from a buyer pool perspective (realize that most buyers are working with buyer agents, so your home will be "invisible" to them for all intensive purposes since buyer agents will just show MLS listed homes). A not far behind reason: the dedication and perseverance required to get a home from contract to closing.
With that being said, allow me a little self promotion. Take a look at what Propertio offers (http://propertio.com). Our "owner managed" listings where you do most of the work like an FSBO, yet with some of the tools of a professional, and under the guidance of a professional, start at just 195. Further, if you find it just takes too much time (and headaches) to do it yourself, we offer a full service "agent managed" listing, where we actually manage and do the entire selling process ourselves for a flat fee of 2,950.
The cherry on top: you will not pay a buyer agent commission if the buyer is not represented by an agent.
Give me a call or send me an email and we can discuss further.
Founder/Broker of Propertio