Also, it sounds like nobody on here likes FSBO's. Could that be because none of the Realtor's here would make?

Asked by Tom Smith, Port Saint Lucie, FL Wed Apr 15, 2009

any money if they suggested a FSBO?

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John Bennett, Agent, Orlando, FL
Wed Apr 15, 2009
Well Tom - yes, we are not prone to assist FSBO's out of the goodness of our hearts. You chose to go it alone, and we very much respect your decision and support you aloneness with full measure.

I don't dislike FSBO's , I don't pay any attention to them, never lost a buyer to one. They tend to be overpriced for the market (everyones house is SO SO very special).

We wish you the best, but we are focused to sell the MLS listing next door to your home.

3 votes
Alan May, Agent, Evanston, IL
Wed Apr 15, 2009
Since I firmly believe that using a Realtor or real estate agent is worthwhile, I can't see myself "recommending" that you try to sell your home yourself.

However, for those that feel comfortable handling all the details involved... from marketing, to showing to closing, I say "more power to them". It's not a job for the timid or inexperienced.

And it has nothing to do with whether I would make any money on it, as the potential of linking up with a seller on a national website is slim.
2 votes
Lori Jeltema, Agent, Suffolk, VA
Wed Apr 15, 2009
Tom, I've sold a lot of homes that were for sale by owner. We have a form that the seller will sign agreeing to pay whatever fee our buyer has agreed to under our buyer broker contract. if the seller does not want to (or does not have the reserves ) to pay the fee, my buyer pays it or looks at other homes. I let my buyers know up front that I will not hessitate to show them fsbos. Whey take the chance that they don't find the right place? If someone wants to list their home fsbo, I don't really care. If it meets my buyers criteria, I'll show it to them. What probably bothers a lot of us is doing a lot of prep work for sellers for a few months then they go fsbo. Again, I don't care if they disclose that they are looking into that possibility upfront - just if I've spent a lot of time working with the prior.

You do have a point, though. There is a lot of negative vibe. It really never fails, though, when our neighbors and friends try it, a lot of them will spend a lot of time asking us for comps, information and a lot of 'what do I do next' questions. We refer to them as our 'pajama clients'. The ones who call us at 11 p.m. and often 9 on Sunday mornings..

Also, a lot of people keep using the word 'realtors' like every real estate sales person is a Realtor. Using 'real estate agent' would be more accurates.
1 vote
Dana Schuster, Agent, Slidell, LA
Wed Apr 15, 2009

I don't know what your occupation is,but do you enjoy working for no compensation? I like to eat,so I prefer not to work for free.
0 votes
Gabe Sanders, Agent, Stuart, FL
Wed Apr 15, 2009

I can't speak for others, but my partner and I have no problems with FSBO's. But prior to showing them to our clients, we do work out an agreed upon commission basis either by the buyer or the seller. After all, this is our business and livelihood. For this service, we provide assistance in comparable pricing, inspection and finance assistance as well as drafting a beneficial contract and advice through out the process.

A buyer, can certainlt purchase a FSBO on their own and hire their own attorney, inxpectors, etc. Often at prices less than the commissions of a Realtor. And they can certainly end up purchasing a home for less than it would have nbeen with a Realtor. However, every study I've ever seen (including independent studies) show that buyers average paying more for a FSBO than when buying a home reperesented by a Realtor.
0 votes
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