re: For Sale By Owner questions

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That's a little disconcerting to know there's an incentive to sell within 30 days coming from the agency and not the seller.

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The incentive was from my company. They assigned an agent from a local agency that they have on a vendor contract. If I didn't sell in 30 days, my company had to buy the house from me, so I got a bonus for selling. And the bonus was based as a percentage of the sale, so the "sell it fast" was slightly offset by the "you get more money if you sell for more".

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At a 300k price range, the opportunity to save up to 15-18k. Even if I have to drop my price by 10k, it's still a decent amount of cash I'm not giving to someone else.

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AGAIN, listen and learn. You are being ignorant. The market rate is 5% not 6%. 2.5 to buyers agent and 2.5% to sellers agent. YOU are likely going to pay half of your $15,000 anyway, $7500 if you FSBO.

THIS is what I'm trying to say. Sure, maybe a very very small percentage of people can sell FSBO to a buyer without an agent. But that is a small percentage. So stop saying $18,000 and realize its actually $7500.

You paid $0 at the time of purchase, remember.

Now, and I agree many agents just like any job in the world are duds. But you get to pick, pick a good agent. That agent should be able to get you a better price than a FSBO simply by the fact more people will be viewing the property.

Finally, in order for someone to sell a $300k home what would you say is a "fair" price? Because you know damn well if it was a $300k piece of machinery $10k is very normal.

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Me for example. I have no need to move. I just want to

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Another point, is you are again ignorant here. Two things drive up/down price immensely, time of year and length of time on the market.

What you are doing is fine if you truly have patience, but its not the smartest move.

Real estate sells the best in the spring and summer, its when most people move. Not all, but most.

Once you casually show the place FSBO for 3 months to 15 people and answer 100 emails, you will get worn down and take a lower price. That's life.

The best way to get the best price is to list it as best you can at the right time of year.

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Nah, you did. You use 1.5% to minimize the additional cost just because you assume the seller is not capable of selling at the same price as a realtor. Again, that makes you sound like one. It's intellectually dishonest at best.

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So what other trades do you offer to be better than someone that does it 40 hours a week? Again, I agree Realtors are overpaid. I never said otherwise, but they are certainly worth something. The average person does not know off hand what the real estate market is doing and what they should sell their house for. The average person does not have multiple clients looking for houses currently and what they are looking to pay.

So again, if that's not worth 2.5% then what is it worth to you?

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So again, if that's not worth 2.5% then what is it worth to you?

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Wait, what happened to 1.5%?

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Mainly so I don't have to share my equity with baldona's wife.

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I mean car salesman make $2000 on a $20k vehicle. That's 10%

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Oh, you're trolling

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Yet you still won't answer the question....

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There is no one size fits all answer, which is why no one is answering you

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I also stated that you don't save as much as you think by FSBO.

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Well, considering it;s the buyer who is ultimately going to save by eliminating the realtor, I actually agree with you.

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That we can all do everything on our own?

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We can. You clearly choose not to, which is fine for you.

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GAIN, listen and learn. You are being ignorant. The market rate is 5% not 6%. 2.5 to buyers agent and 2.5% to sellers agent. YOU are likely going to pay half of your $15,000 anyway, $7500 if you FSBO.

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You can find lower rates by working then down, sure. But pretty much everywhere shows 6% as "standard" rate. Not everything on the internet is real, but I'm not going to disregard damned near every other site on the internet, because some dude on tigerdroppings thinks I'm ignorant .

And as far as FSBO with no agent on either side, I've done it before....soooooooo, maybe your a bit ignorant to that. I definitely understand I might not get top dollar, but again, I have leeway in not paying someone.

You also underestimate my patience. I have sold quite a bit of things (expensive bikes, boats, etc). I'll never go below a certain point if that's what I need to make it worth while. I've sold a boat and waited 6 months to accept an offer. All the while, the final offer was 5k more than I paid for the boat. I knew what it was worth and I knew I had time on my side. Could have easily walked away 3 weeks into it breaking even.

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Finally, in order for someone to sell a $300k home what would you say is a "fair" price? Because you know damn well if it was a $300k piece of machinery $10k is very normal.

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Doesn't matter what fair price for someone to sell is if I give it a shot myself. I'm not arguing what the value for an agent should be. I'm just saying it's possible to do yourself.....if you are willing to wait. And in my case willing to eventually get an agent. But why immediately jump on that option.

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You can find lower rates by working then down, sure. But pretty much everywhere shows 6% as "standard" rate. Not everything on the internet is real, but I'm not going to disregard damned near every other site on the internet, because some dude on tigerdroppings thinks I'm ignorant

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Have you actually called someone? All I was saying was its pretty standard if you ask for 5% to get it, its not like you have to fight them for it. Its very routine to get 2.5%. Not sure why someone that wants to FSBO is now hard up to ask for 1% lower fees?

I've FSBO'd too. So if you have, why all the questions?

All I'm trying to say is I've been in enough real estate transactions to know that a very good agent is generally worth their money and that FSBO can be a huge PITA.

The longer a house sits on the market, the longer everyone knows that they should not offer top dollar. So if you casually FSBO for a couple of months and then re list it with a realtor, there's a good chance other realtors know to make a lower offer.

I'm not against FSBO. My point is simply that people act like its an easy way to save a bunch of money, and it certainly can be. But just like selling anything of value it can be a huge PITA that requires a lot of time to save no money. That's my only point here.