FSBO and Realtors

try and get him/her to do a 5/4. 5% on the first 150k and 4% on anything after that. fsbo is not bad but you dont get the full exposure which you would from a realtor. you may think to do fsbo and offer 3% towards closing cost or 3% for the buyers agent.

I just sold my house using a 1% service and the guy actually earned his fee. I interviewed another one that wanted 2%. I consider 3% to be entirely off the table and laughable.

On the other side, I think buying agents are usually a lot more worthless than selling agents, yet all the contracts are written with 3% for buying agents. I considered it an outrage that my 1% guy was going to watch some idiot buying agent make 3%. I told him to write in 1.5% for the buying agent and he said that you would risk your listing being boycotted by buying agents. It's behavior like that that has me actively pulling for the demise of that industry. Talk about ridiculous.

Might want to call my friend Della.......

LINK

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It's behavior like that that has me actively pulling for the demise of that industry.

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We can cheer together. I was told the same thing when I sold my house, that the buying agents wouldn't show the house if they weren't getting their full fee. When you live in Marin county, you'll eventually be sent a free subscription to Marin magazine. It's not a bad magazine, but the last third of it is almost exclusively advertisements for art galleries and realtors. I figured when we moved they'd stop sending it to us, but they're actually forwarding it to us here in Louisiana. There has been at least one announcement in each of the last four issues announcing the consolidation of two realty agencies, complete with glamour shot type photos of the otherwise unemployable morons grinning like, well, morons. I guess they're realizing that Marin isn't immune from the broader economy after all. I hope those idiots all go under and have to get real jobs.

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My realtor told me people can still use the services of an agent even when selling by owner. Are they still gonna take the 6%, or should I just not mess with it...what do you think, MT?

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A buyer's agent can simply include his commission, usually 3%, in the purchase contract. The offer, on a $100000 house would be $103000. The seller would get $100000. He simply gives you a number. What the agent gets should not be a concern.

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A buyer's agent can simply include his commission, usually 3%, in the purchase contract. The offer, on a $100000 house would be $103000. The seller would get $100000. He simply gives you a number. What the agent gets should not be a concern.

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Just stop now.

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Just stop now.

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Jersey, the offer is presented to the buyer as a $100000 offer. That's what the buyer considers. What's wrong with that? And, yes, he certainly does get a copy of the contract with full disclosure.

His another thought: go FSBO for 4-6 weeks, complete with sign in front of the house. This way, if someone in the neighborhood knows someone looking, you can make that easy, quick sale right off the bat.

If after 4-6 weeks you got nothing, then go with the realtor.

And since I'm a licensed broker, this advice will cost you 1% ( ).

4-6 weeks sounds short unless you are in a hurry to sell- housing is slow Nov-Jan in almost any year

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4-6 weeks sounds short

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The point is you're only marketing (as a Fisbo) to someone who is already looking for a home in your area .. If they don't pop up in the first month, then a realtor is more justified.

After 4-6 weeks, you're not taking the home off the market, just changing the method of marketing.