For those who have sold FSBO

Most people who aren't tards can do it. I have sold 2 houses within 2 -3 months. You need a sign, a website to show pics, maybe newspaper, Facebook, and traffic. It can sell if you have it priced right. Get a contract for the buyer. Closing lawyer will do paperwork. Do some reading. It ain't rocket science.

Call a couple agents and have them give you their sales pitch. They will look at comps and tell you what they think you should sell it fo . That will give you an idea what to ask ,you don't have to list it with them.

Most title companies will help you complete the paperwork if you close with them.

Has anyone ever seen a house list fsbo and not willing to pay the buyers agent fees?

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Yeah it happens and it's stupid. Take my neighbor for example, work just transfered him to nashville and he doesn't know the area at all. He got $10,000 to sell his house in under 60 days and an additional $10k to buy a house in some sort of time. He just wants to find a house, but doesn't know the area at all. Explain how someone like that buys and sells a house by owner? So you are eliminating a portion of the population by doing that.

Realtors can be expensive, but they can also be well worth their money.

These people unwilling to pay the agents fees are ignorant because some people need agents and those agents have to be paid somehow. Even if it doesn't come from the seller, it's money the buyer has to come up with and is less they are willing to spend on the house. So basically anyone that does that is just ignorant to basic economics.

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Working with a couple from NYC in same scenario, wife here in Nashville at HCA, bought a house in great area unless you need access to city. Husband retired and a member at my club. Takes her an hour to get to & from work on good days and him 45 minutes to the club. But they saved 3% in their minds (by my comps a little over 1%)

I'm not always needed in every transaction or in every market and I accept that, but the notion that I provide no value in many situations and in complex markets is simply foolish.

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Market inefficiency at its best. You should run for office with quotes like these.

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How is that market inefficiency when fsbo has been around since the beginning but still hasn't taken any sort of hold? The fact is that while not cheap, realtors are worth something most of the time and each part of the transaction is only a small part of the sellers fee.

Most fsbo are aholes in my experience. They don't set their house up to show well as in don't clean and put things away, they are hard to get a hold of, and very difficult to negotiate with. Ask any real estate agent and they'll tell you this. Yeah there are some fsbo that know what they are doing, but that is a small percentage. Even if you are a good one, the stigma is there and always will be, most fsbo are people pissed they have to pay the fees after selling 2 homes already so they are 'experienced'.

One of the most important things that a sellers agent does, is to offer a 3rd party opinion on what buyers want to see and don't want to see. They tell buyers whose house smells like crap because of pets or crap incense to clean it up, to unclutter, etc. Most people think their house is 'great' and show ready when in reality it's not what most want to see.

Therefore, you get a bunch of agents that either don't care to show the house or are just unwilling to even consider that property for their clients unless they absolutely have to like the client brings it to them. I've seen fsbo that won't even allow an agent in their house.

This thread is the perfect example, if you have to post about fsbo then you are probably not fit to do it.

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The cost for a realtors service has a value and that value set at a percentage of the sales price is incorrect in today's business model.

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I've thought about it, and so has the industry. You can't do an hourly rate that makes a lot of sense that people are willing to pay. I agree, being an agent may not take brain surgeon education but there are tons of wealthy people that aren't super smart.

There are realtors that list a house for sale for literally years because the seller won't come down on price, so explain how you charge that? A monthly rate? If you came up with an hourly rate, I absolutely guarantee there are people that are better off paying a % and that number is higher than you think. There are buyers who see 1 property and make an offer, and there are buyers that see 30 and don't. Do you think buyers will pay an hourly rate and never make an offer? I think most people are generally happy with the % rates the market has set.

Yeah, FSBO has increased recently I agree but so has the power of the Internet making it much easier. Have FSBO increased as a large percentage though? I honestly don't know and I haven't seen any data showing this? I mean anything dealing with marketing has increased by owner because of the internet. Look at classified ads in the newspaper for example, look at car sales. Who takes their car to a used car dealer to sell now a days?

My only point is I hear this like the OP said all the time 'I want to save 6% by selling FSBO'. Well that's wrong in the first place. You are only saving 2.5-3% and selling a house usually costs 7-9% when you add in closing costs and repairs.

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