I have bought and sold a home with an agent a total of five times, with mixed results, I've even fired a few. I'm interested in trying to sell by owner this time--my wife and I just decided to list and I'm just starting my research.
Have any of you guys sold FSBO before? Have any advice or lessons you learned?
Thanks!
I have not sold a home FSBO but when I bought my home my realtor specifically told me to look for FSBO houses because the sellers had no one to protect them.
I don't know what all he did, I do know after the seller left the office at the title company the title company (sorry don't know what their occupation is called. I'll say clerk?) looked at him and said "Jesus Gerald, you should probably be in jail for that"
To him it was a game. Again, not sure what all he did. I'm sure it benefitted him more than me though.
We posted a free listing on Zillow early this morning and it’s received a lot of interest. We haven’t even paid to get on the local MLS yet but we’re going ahead with an open house next weekend. We’ll see how this goes!
In 1987 we bought a basic ranch for $91,000 FSBO. In 2000 we tried to sell it for $179,000 FSBO and were unsuccessful.
Most folks that came buy thought it was a lot of money and we didn’t have the benefit of a realtor showing the buyer three houses and helping them to see the differences. We hired a realtor and quickly sold it for $175,000. Not wanting to pay the commission I think realtors are worth the cost.
I've bought two and sold one. I have some realtors do appraisals, and then ask for the average appraisal less half the realtor fee. That puts us below market value and we keep more of the money. I have a problem giving part of my hard earned appreciation and mortgage payments to someone who has no skin in the game and takes so much for themselves. In BC we can have a notary do all the legal and paperwork, which is how most realtors do it anyway. Which leaves them making a ton of money for just highlighting a Google search for their customers.
I have sold two houses using low fixed price seller commissions, but still paid buyers agent 2.5%.
This gets it on the MLS and agents showing the property. A sellers agent doesn't do much of anything really,
Buyers agent pre-qualifies the buyers, you don't get nut jobs with no money making offers and wasting your time.
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