Some Property Owners feel that a listing will cost them money.
They are likely to initially view the idea of a listing as negative rather than look at the the benefits. A significant reason the For Sale By Owners ( FSBO ) want to sell the home themselves is to save the agent's commission. They feel if they can sell their property without an agent, the agent's fee will be additional money for them.
Question:
Who saves when an FSBO ( For Sale By Owners ) owner sells without an agent?
Answer: The buyer.
Why?
Home Buyers who approach FSBO ( For Sale By Owners ) owner who advertise their homes for sale or put signs in their front yards will want to reduce any offer they might make by at least the amount of the commission, even though the price might have been set to reflect all or parts of this savings.
Home Buyers will not even settle for half because they realize it is home buyers, not home sellers, who really pay the commission.
When an FSBO owner sells direct, losing the commission is just for starters. Home buyers tend to view FSBO situations as an opportunity to make a profit for them. They believe that FSBO indicates a distress sale, and that belief explains some of the ridiculous offers FSBO receive.
Question:
Why are most FSBO signs replaced by real estate agents signs?
Answer:
Because FSBO ( For Sale By Owner ) are seldom successful in selling their homes.
Few qualified home buyers seek out FSBO ads and signs, and when they do give an offer it is usually at a price the FSBO will not consider.
Question:
Who does FSBO sign attract?
Answer:
Bargain Hunters
Lookie Lous
Unqualified Home Buyers
With FSBO ( For Sale By Owner ) sign on your front yard you will attract bargain hunters of all types.
Your home will be on the Sunday entertainment tour of Lookie Lous who might be interested only in how you have decorated your home or are simply using you as a way to fill an otherwise vacant day.
Your FSBO ( For Sale By Owner ) ads and signs will attract people who might truly love your home but don't have a prayer of getting necessary financing. These people can waste a great deal of your time. Even if they give you an offer, the sale will never be closed.
When you show people your home and belongings, you are really allowing strangers in. You let them see into closets and places that your best friends will never see, and you have no idea why they are there. I wish it wasn't a problem, but safety is a problem today. People put in expensive alarm systems and then invite strangers into their homes too see who lives there and what there is. Is this wise?
Question:
What does FSBO sign mean?
Answer:
Wasted Time
Wasted Effort
Likelihood of legal problems
Failure
Question:
Why do most serious qualified home buyers contract real estate agent?
Answer:real estate agents Because have the inventory.
Imagine when you were looking for a home to purchase, I bet you visited real estate agent, am I right? The reason you went to at least one agent is because real estate agent knew what was on the market and were able to quickly locate properties that met your needs. without agents, home buyers would have to contact dozens of individual property owners to check out property, even though inspection might reveal that the property did not come close to meeting their needs.
