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LSU4lyfe
LSU Fan
Baton Rouge
Member since Oct 2003
7028 posts

OT: Selling Home By Owner
Anyone have success doing this? Homes in my neighborhood generally sell pretty quickly as it’s a convenient location in EBR. Does anyone have experience with FSBOBR? We put the house up last weekend and have gotten bombarded with phone calls from realtors.


TDsngumbo
USA Fan
TDsngumbo (R)
Member since Oct 2011
11428 posts

re: OT: Selling Home By Owner
I tried this as well but I eventually got impatient and listed with a realtor. The house sold the first day it was listed.

After the experience I had with my buyers, I would NEVER try to sell another house myself again. There are too many laws and regulations that I can't keep up with. I'd rather just transfer the risk of fricking up to a realtor and be done with it.


OSoBad
LSU Fan
Member since Nov 2016
319 posts

re: OT: Selling Home By Owner
We sold our home ourselves and the same thing happened, realtors came out of the woodwork trying to negotiate their % taken. Screw that I wasn't paying someone $21k if I didn't have to.


Dlawnboy
LSU Fan
Member since May 2008
529 posts

re: OT: Selling Home By Owner
I sold my first house in Lafayette using FSBO in 2009. Had to go through all the junk calls but ended up being well worth it. Almost all of the agents just wanted to list it. Told them I would pay them 2% for a buyer. They never brought a buyer. Took few months to sell, but saved 12k. House flooded with 3 ft water in 2016. Paperwork is not difficult. Buddy who was an agent in BR helped me with any questions.
This post was edited on 2/9 at 1:49 pm


PotatoChip
LSU Fan
Member since May 2014
1089 posts

re: OT: Selling Home By Owner
Sold my first house on fsbobr. I just shunned away the realtor calls, and let them know I wasn’t intersted. Luckily, I got an offer at full asking price within a week and that shut the realtors down.


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S1C EM
Georgia Fan
Athens, GA
Member since Nov 2007
7294 posts

re: OT: Selling Home By Owner
quote:

Anyone have success doing this? Homes in my neighborhood generally sell pretty quickly as it’s a convenient location in EBR. Does anyone have experience with FSBOBR? We put the house up last weekend and have gotten bombarded with phone calls from realtors.


In the process. Will close in the next week or so. Over the years, people I work with have become aware that I had the property and some of those have been house hunting. When I decided to sell, I let those folks know. One of those people and his wife are buying it. Network selling.


Tiger Prawn
LSU Fan
Member since Dec 2016
9743 posts

re: OT: Selling Home By Owner
quote:

I wasn't paying someone $21k if I didn't have to.



subtle brag

ETA: nevermind... ISWYDT
This post was edited on 2/9 at 1:53 pm


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S1C EM
Georgia Fan
Athens, GA
Member since Nov 2007
7294 posts

re: OT: Selling Home By Owner
quote:

Paperwork is not difficult.


Contact a real estate attorney and they will put together the contract. All you have to do is sign off (maybe more than once if amendments are made) and then the lender/closing attorney will handle the rest.


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deeprig9
Georgia Fan
Near Athens
Member since Sep 2012
30118 posts

re: OT: Selling Home By Owner
Most realtors aren’t interesting in a listing for a rattlesnake farm in East Georgia. You kinda have to network-sell that one.


BeerMoney
LSU Fan
Baton Rouge
Member since Jul 2012
4574 posts

re: OT: Selling Home By Owner
I sold our house in Baton Rouge fsbo. Basically got an appraisal and put a sign out. Sold easily. Buyers mortgage company gave him all the paperwork he needed. Title company handled the rest. Easy easy.

Negotiations were easy. Just the appraised value is this. No problems.


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lowhound
LSU Fan
Effie
Member since Aug 2014
2491 posts
 Online 

re: OT: Selling Home By Owner
sold ours in 3 days. The trick is declutter, then when you think you've done enough, declutter some more. It took us 6 weeks to get rid of stuff, set up, and take pictures of each room. Then when paid a guy a flat fee, somewhere around $500 to list our house with an MLS number on realtor.com. The house, with great pictures, was listed on several websites including realtor and we started getting calls immediately. Sold for what we were asking for (which was more than what it appraised for) before our for sale sign was even delivered. The trick with the MLS number, you have to at least offer the buyer's agent a small fee or they won't show it to their clients, in our case $2000 if they brought us the buyer. You set up the appointments and show the house yourself. There are free disclosure forms and sales aggreement forms available online. Would do it again. If it doesn't sell after a few months, you can always try a realtor then. It all depends on how fast you need to sell it, and if your asking price is not outrageous.


Giantkiller
LSU Fan
the internet.
Member since Sep 2007
7215 posts

re: OT: Selling Home By Owner
My wife (no pics) is an agent. She always tells people to try FSBO first. Sometimes it works...

I'd suggest you try it out and see. Keep that commission $$$ in your pocket if you can. If nobody calls you but realtors though and you're tired of waiting, THEN get a realtor.


Brageous
New Orleans Pelicans Fan
Member since Jul 2008
107724 posts

re: OT: Selling Home By Owner
quote:


My wife (no pics) is an agent. She always tells people to try FSBO first. Sometimes it works...

I'd suggest you try it out and see. Keep that commission $$$ in your pocket if you can. If nobody calls you but realtors though and you're tired of waiting, THEN get a realtor.


Yeah same situation for me. Close family friend said to give it a shot on FSBO first. For the amount you save, I recommend doing the research and asking friends for advice.


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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
53810 posts

re: OT: Selling Home By Owner
I sold my last home FSBO, put in my ad that any realtor that brings me a buyer can have 3%. Saves you 1/2, and they do all the paperwork.


LSU4lyfe
LSU Fan
Baton Rouge
Member since Oct 2003
7028 posts

re: OT: Selling Home By Owner
We got on Zillow and trulia for free. I saw where you can get realtor.com which is the MLS for a flat fee. Does that put you on sites like CJBrown or it is just realtor.com?


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LSU4lyfe
LSU Fan
Baton Rouge
Member since Oct 2003
7028 posts

re: OT: Selling Home By Owner
Right now I have in the listing that I’m willing to pay 2.5% to an agent. How does it work with the companies? Are Remax / CJBrown agents not allowed to show your house?

Not familiar with their restrictions


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TitleistProV1X
Member since Nov 2015
2142 posts

re: OT: Selling Home By Owner
Are you offering 2% to a buyer that comes along with an agent?


Quinn225
Member since May 2017
408 posts

re: OT: Selling Home By Owner
quote:

they won't show it to their clients


So I could ask to see that specific house and the realtor would tell me no?


TigerDeacon
Wake Forest Fan
West Monroe, LA
Member since Sep 2003
26618 posts

re: OT: Selling Home By Owner
quote:

The house sold the first day it was listed.


This isn't good.

Your realtor either didn't know the value of your home or they may have scammed you with a buyer that worked with them.


LSU4lyfe
LSU Fan
Baton Rouge
Member since Oct 2003
7028 posts

re: OT: Selling Home By Owner
quote:


So I could ask to see that specific house and the realtor would tell me no?


Ive heard they typically tell the client they can’t get into the house bc it’s for sale by owner


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