This thread is not at all about me or my circumstance. I sold as a FSBO back in March. The transaction couldn't have went easier or smoother. My attorney's fee was $500. This is ticvip's thread and it was stated as an answer to it that one of the reasons Realtors don't show FSBO homes was because the commission usually only reflects one half of the transaction, when in fact they would be doing double the work. To me, a statement like this is a knock at the efforts of a sellers agent's or FSBO's marketing as though it was worth nothing and a buyer agent deserves double the commission for their efforts in solely doing a transaction with an unrepresented seller. Catherine is certainly not the only one with this view. I have been reading this from Realtors' posts for over a year. I just feel it is a bogus overstated excuse. Having to deal around a homeowner's emotions about his and/or her home, and possibly a couple of other minor things is not worth FSBO's paying another 2.5% to 3%. It should be all in a day's work for an experienced professional agent. If it really seems like too much work for some agents, maybe they are in the wrong business.
Rockinblue, youâ€™re a very nice, polite, and fairly knowledgable poster, but you are making the mistake of thinking that your experience selling FSBO is typical. It isnâ€™t. Itâ€™s a great thing that yours did, but even my own purchase of a FSBO before I was an agent was stressful in the least, and cost me a lot of money in the worst.
Realtors MAY not show FSBO homes for various reasons, one of which is the commission issue. Would you go to work at a new job without speaking to the boss about wht your salary would be? Would you go to a job that had a sign out front â€œwill not pay you for your workâ€? (There are FSBOs who put â€œno agentsâ€ on their signs).
This is no â€œknockâ€ at the efforts of a sellerâ€™s (listing, I assume you mean) agent. This is a statement of fact, that selling a FSBO USUALLY involves more work, and more aggravation, than selling a listed home. I am not sure where your â€œdouble the commission for the effortsâ€ statement comes from. Nowadays a buyerâ€™s agent will accept a fee of less than 6% for a FSBO. You may feel our explanations are â€œbogusâ€ excuses, but your statement â€œHaving to deal around a homeowner's emotions about his and/or her home, and possibly a couple of other minor thingsâ€ shows someone who works in this field every day that you really donâ€™t know what the job entails. You personalize every situation to your own FSBO situation, and it isnâ€™t like that. There is no â€œall in a dayâ€™s workâ€ for an agent. No matter how long an agent works, there is always a sale where something comes up that they have never dealt with before, or that has never come up previously.
So the next time you read a Realtorâ€™s response, please try not to color every answer with your own easy experience. As I said, some are easy, the majority are not. As an agent who has spoken to MANY MANY people who have bought and sold FSBOs and BEEN FSBOs, I think I speak from more than one personâ€™s experience.