Think commission is the only reason a homeowner sells FSBO? Not Always!
Most FSBO’s just want to save money and not pay the normal commission to list their home through a Realtor. This article is a warning to homebuyers of unscrupulous reasons some other homeowners sell FSBO. I would have not known this homeowners intent had we not met face to face. She had no intention of being truthful to potential Buyer. She refused to complete the Seller’s Disclosure Notice and went FSBO instead. Continue reading
Due to the anti-real estate agent sentiment and the promise of saving lots of money, selling as a FSBO seller has never been more popular. Over the past 10 years, selling the home yourself, or FSBO (For Sale By Owner), became popular and marketing companies selling FSBO kits and promotional materials have quickly cashed in on the craze. Internet shopping for homes has increased in popularity and it’s much easier now for the do-it-yourself home seller to promote their own house. But I don’t think that’s the reason FSBOs became popular. Continue reading
The flat-fee listing agency type of service has been around for a while. A flat-fee listing gives you the opportunity to have your house listed on MLS for a flat fee plus the buyer’s commission. Usually a flat-fee listing involves the agent adding your house to the local multiple listing service (MLS), giving you a sign for the yard, a lockbox for the door and registering you in the centralized showing system that agents use to setup appointments for showings, if your local real estate market uses a scheduling service. There are other options available to you but for those are the basic service you should insist on. From that point, you’re on your own. You market your house, conduct showings and open house tours, etc. You represent yourself and take care of all the little details. I’m not going to argue the pros and cons of flat-fee -vs- full-service listing services, because I believe both have their own merits. However, I do want to ask flat-fee clients, are you too cheap for your own good? Continue reading