I'm looking at a house FSBO and was looking to get a CMA for the house. What would be the best way to get this? Obviously if the deal go through FSBO, I won't use a realtor, but there is always a chance it falls through (or the seller ends up listing with a realtor).

Is this something a realtor will do for free or is there any service to get this done for a small fee? I'd definitely throw them a bone if i ended using a realtor in the future.

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Posted by Tiger Prawn

Member since Dec 2016

22012 posts

Posted on 6/4/18 at 2:03 pm to KingofZydeco

quote:
I won't use a realtor

quote:
Is this something a realtor will do for free

I don't too many people who work for free.

Why wouldn't you just use a realtor if you're the buyer? Commission is still paid by the seller, so its not costing you anything.

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Posted by oreeg

Baton Rouge

Member since Mar 2006

5285 posts

Posted on 6/4/18 at 2:03 pm to KingofZydeco

A lot of FSBOs are willing to pay a buyer's agent commission just not the seller's commission so I'd have a Realtor at least make the initial call to see. Then you'd be getting the Realtor services for "free." But expect that the commission they will have to pay come into play when negotiating the price.

Otherwise, I'd call an agent and tell them you'll buy them dinner to run comps for you. Realtors like knowing that they might have a future client or someone they can hit up for referrals.

This post was edited on 6/4/18 at 2:06 pm

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Posted by MrJimBeam

Member since Apr 2009

12431 posts

Posted on 6/4/18 at 2:07 pm to KingofZydeco

Many times a seller on FSBO will be willing to pay between 2-3 percent on buyer's commission if they have an agent. If neither of you have an agent, the buyer has a little extra leverage for a better price since the seller is saving thousands of dollars not using a realtor. You can do the calculation by figuring out what the seller is saving on the price of the house less 5-6%. You can potentially get 2-3% less purely out of not using a realtor on either side.

Just some food for thought

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Posted by SPEEDY

2005 Tiger Smack Poster of the Year

Member since Dec 2003

83484 posts

Posted on 6/4/18 at 2:14 pm to KingofZydeco

quote:
Is this something a realtor will do for free

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Posted by OweO

Plaquemine, La

Member since Sep 2009

114131 posts

Posted on 6/4/18 at 3:04 pm to KingofZydeco

quote:
Is this something a realtor will do for free

You mean.. like volunteer work?

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Posted by gingerkittie

Member since Aug 2013

2675 posts

Posted on 6/4/18 at 4:05 pm to KingofZydeco

Here is some info on a DIY CMA and what you need to do.

LINK

LINK

Also Zillow shows the info on other houses in the area, what they sold for, what the zillow value is, how much $ per sq ft is and other data that may be helpful. It also tells you what that house sold for in the past and the taxes and such

We didn't do a professional CMA as were confident of what we did in our own research.

best of luck to you

This post was edited on 6/4/18 at 4:13 pm

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Posted by PurpleandGold Motown