5,583,278
not always....some think they'll save a commission....
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Steffy Hristova
Tempe, AZ
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
-
Roy Kelley
Gaithersburg, MD
-
Richie Alan Naggar
Riverside, CA
3,345,091
I don't know. It could be a thing or not a thing.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
5,104,931
I don't think about FSBO's at all. I believe they eat their young.
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
4,882,355
No, stupid is as stupid does.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,045,440
Some have, some have not, some have probably heard "Fish Stories" about how someone sold their house themselves in a day when real estate agents were taking months to sell. Or they see $$$ believing that they will sell for every bit as much or more and keep the Listing commission. Which they might but the statistics don't support that.
The vast majority of FSBOs either give up entirely, sell it but to a buyer with an agent that the seller ends up paying, sell it to a flipper or other 70 cents on the dollar buyer, the rest (most of them end up listing the house) but run into other problems then as their house may have become Shop Worn. But its like gambling the belief in Easy Money is very tempting.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Jerry Newman
San Antonio, TX
-
Doug Dawes
Topsfield, MA
-
Carla Freund
Raleigh, NC
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
5,229,945
No, I always assume it's pure & simple greed!
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Steffy Hristova
Tempe, AZ
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
628,764
Most think it is a simple process until they try going it alone. This is why the NAR stats say only 10% of FSBO's are truly successful from start to finish with out any help at all. 90% wind up using a REALTOR / professional one way or another.
-
Buzz Mackintosh
Frederick, MD
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
6,393,179
Some dont agree to the terms or price that agents suggest, others want to save on the commission.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob Crane
Stevens Point, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
716,049
Hey, you can represent yourself in court, you can fix your own car and install your own new brakes, you can even operate on yourself if you want. It's a free country and everything comes at a cost and consequences.
For some people that know everything and better than the experts - it's perfect!
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Steffy Hristova
Tempe, AZ
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,725,996
Will Hamm I think many FSBO sellers enter into the situation with a negative attitude to begin with with poisons all the dynamics from thereon.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Steffy Hristova
Tempe, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
2,390,620
When I see FSBO I think it's either greed or fear of exposure through disclosure Will Hamm
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
1,197,097
No but they are an interesting breed.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
5,216,398
Very few, most think they are just as qualified and can save the commission.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
3,854,886
Some of my favorite listings have been AFTER they tried the FSBO route! They, then, understand and appreciate us.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Steffy Hristova
Tempe, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
5,772,575
Will,
Cannot psychoanalyze these folks, whatever their experience...We as a nation have become prone to doing that, and I don't think it does us any good. A
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Kat Palmiotti
Kalispell, MT
911,338
Sometimes. Sometimes they aren't netting enough to pay commissions. And sometimes they just think that they can do it just as well as some agents, and actually, many FSBO's do accomplish the sale on their own just as well as some agents.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob "RealMan" Timm
Minot, ND
3,626,530
No sir, I believe the FSBO usually want to save money by cutting out the agent. In the end they usually don't.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
7,836,134
They may not yet have had an agent.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Carla Freund
Raleigh, NC
-
Bob "RealMan" Timm
Minot, ND
-
Buzz Mackintosh
Frederick, MD
2,781,173
Selling a home to an average type person who uses the garage sale concept appears as a can-do. When you add Internet help to it, it encourages it more. Lastly, they know if they get in trouble, they can summon help. While this thinking is allowed it only goes so far. THINK: medical, CPA & legal fields too
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Buzz Mackintosh
Frederick, MD
-
Roy Kelley
Gaithersburg, MD
1,239,901
Actually the buyers profession has been somewhat on hold in tech & information savvy areas for some time. On the listing side, for $500+ a home seller can get a mls listing do their marketing, lock box rental limited contract review liability for selling homes. We have FSBO signs with 3 no realtors signs outside the house. A week later, pending rider on the post. It only takes a disruptive idea to get rid of any profession these days.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,502,998
Some yes, some no. Some just want to save on commission.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,712,676
Sometimes.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,543,634
Maybe, or they're just ignorant to what a great agent can do for them.
Most FSBO's throwaway up 13% of their sales price to save 6% commission.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,052,211
It's usually that, and/or
they think they're smarter and /or
they can't afford to pay, and/or
they want to overprice and no agent will, and/or
certain things about their house they don't want an agent to know and disclose.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,182,502
Possibility
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
901,535
I have wondered that and certainly think that could be a reason. I think some just don't know the value a Realtor brings to the table and wants to save the money. Some hear about friends who did it and want to try it too. I think there are multiple reasons. Money is a big driver.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
644,025
Very few.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
469,510
Sometimes but most of the time they either want or "need" to save the money. Some change of life situation folks that have only owned for a short time need to FSBO to avoid writing a check or short sale.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
921,504
They may have no experience at all with any agent.
They just don't see the value.
And they are correct in the current real estate economy.
Ask any agent what value they bring into a transaction and 99% of what they say is self imposed real estate agent goobly-gook.
No one likes goo.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
2,241,053
FSBO's are people and not aliens or androids. Often out of frustration for an over priced and under marketed property that lingers through the years and a seller hollering "NEXT" they take the controls. And learn it is harder than it looks. And that the agent taking those over priced listings from a seller hollering "I'm not going to give it away" when the property owner won't listen to the results of their CMA was right. Ignore the current real estate market value and you are parked at your current address for a L-O-N-G time. The FSBO "bad experience" I think can be because the agent, one after another took the over priced from the over bearing seller and should have smiled, packed up, moved on to something they could hope to sell.
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,220,323
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,196,798
Many reason people FSBO. Could've had bad experience but probably trying to avoid commission
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
2,071,025
None.
-
Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,598,452
No, always good
-
Valeria Mola
Sunny Isles Beach, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
3,125,663
Not necessarily. Most FSBO's are grossly overpriced, owners want to save money and control all terms and conditions.
Before I became an agent Will, I bought a FSBO and was in litigation for 8 years because the seller blatantly lied, putting an unlawful lien on the house after closing because I did not give her money outside of closing. There is a reason it comes with the warning: BUYER BEWARE!!!
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
961,383
FSBO's do not perceive the value of the commission payment. Price is a value perception, not a dollar/percentage amount. The real estate industry high risk/high reward commission compensation system (for the agent/brokerage) has been around for a LONG time. And the industry is trying hard to keep it even longer. There are a number of entities trying to change the real estate compensation system by lowering the cost to the consumer. Henry Ford said customers could have any color of Model T they wanted as long as it was black. FSBO's are not looking for a black Model T. FSBO's are looking for choices to meet their needs, not the legacy real estate commission model. Choices are available, such as flat fee listings, hourly fee for services, real estate consulting or specialized packages to meet client specific requirements. All of these choices provide reduced costs to the consumer. If the real estate industry was in the business of feeding people, consumers could cook/eat at home or go to an expensive 7-course restaurant. Consumers want choices where they can select the value they perceive for the services received.
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
280,599
Most of them are the same people who don't hire an accountant, a financial planner and buy their insurance online. They don't need no stinkin help. And for those I say "next"
-
Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,520
Not always! Most of the time you can make a link in personality type between FSBO types and do it yourself types. Usually DIY people are all about saving money and being creative. They also hate being taken advantage of. I think these thing (and more) make people take the FSBO rout! These are usually very confident and knowledgeable people. The problem is they don’t know everything and usually end up with the short end of the stick trying to save a couple dollars!
-
Wanda Kubat-Nerdin - W...
St. George, UT
528,848
Will, that could very well be true. However, there are two primary components of a FSBO, mental & physical. Mental is their psycolological state. Is there common sense & stability? Physical is the condition of the home. Has it been taken care of? Or are there some deficiencies or hidden defects.
It takes a pro to determine that............
402,010
The FSBOs I have talked with come in many varieties. A very few had a bad experience with an agent. So they think they can do better on their own.
But most simply want to save the commission for themselves. They think selling a home is a simple process. Put a hardly readable sign in the yard and the buyers will flock to the property.
1,311,397