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| trixiezzz |
 Posted: Sat Feb 12, 2005 5:26 am Post subject: "For Sale by Owner" saved us over $7,000 |
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Investing Manager
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| Just for kicks, we decided to do FSBO for the first 60 days when we were selling our house ~ just to see if we could do it. Well, now I am glad we did. We sold it without a realtor and pocketed what would've gone out in commission. It was a pain to have to host our Open Houses on the weekend, but we were glad when it was all done. |
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| bigdave |
| Posted: Sun Feb 13, 2005 2:48 pm Post subject: |
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Investing Sr. Associate
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| I hear more and more success stories of FSBO's as it does keep more money in your pocket... just as you did i would suggest listing it yourself at first then if you dont succeed then try a realtor. I would say with the current hot market that FSBO is the way to go! |
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| dirtysouthchick |
| Posted: Tue Feb 15, 2005 5:41 pm Post subject: |
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| yes i agree it cuts out the realtor costs. I would recommend this to everyone. |
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| trixiezzz |
| Posted: Sat Feb 19, 2005 6:09 am Post subject: |
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Investing Manager
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| Even if you do it as a For Sale By Owner, you can still write "Agents Welcome" on your sign. This way, you don't scare off potential buyers who are already working with real estate agents. By listing it as such, you're agreeing to pay the BUYING agent's commissionn only. So if a normal commission for Broker & Selling agent is say 7%, by doing it this way, you can still court the real-estate agent buyer and pay only half a commission, or 3.5% in this case. All you're effectively doing is cutting out the Broker, who is basically only putting your house on the MLS, taking a picture and running maybe 1 or 2 ads, etc. |
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| JoiseyFamily |
| Posted: Sat Feb 19, 2005 11:13 am Post subject: |
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Investing Associate
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| Yes, if you live in a hot market, FSBO is the way to go. Make sure you have yourselves a very good attorney though. You can also negotiate with brokers. If a buyers broker comes to you, you can always get them down to 2%, they would be stupid to say no, all they did was bring a person to your house. We sold our townhouse on our own 6 years ago. |
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| momm2four |
| Posted: Sat Feb 19, 2005 1:50 pm Post subject: |
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Investing Associate
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We were thinking of selling our first home FSBO. A friend of my SIL came by before we put a sign up and offered us our asking price. We made a lot on the house and didn't have to part with a cent to a realtor.
I guess there are some horror stories out there, but ours went smoothly. |
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| paula0000 |
| Posted: Sat Feb 19, 2005 3:00 pm Post subject: FSBO |
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Investing Manager
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| If I sold my house I would start FSBO. I would feel it our for a few weeks and see how it goes. If the market isn't hot and it takes too long to sell- I would get a realtor. |
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| mrsboz |
| Posted: Sat Feb 19, 2005 4:15 pm Post subject: |
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Investing Sr. Associate
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| We also sold our first house by ourselved. I said that we got enough traffic in or neighborhood already. We had a cutoff date so that if it didn't sell within a certain amount of time that I would send it over to a realtor. Luckily we were able to do it on our own saving us a lot of money. It definitely is at least worth a try. |
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| lmountford |
| Posted: Sun Feb 20, 2005 4:18 am Post subject: |
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Investing Sr. Associate
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| Wow that's a heck of a saving. Well done! |
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| JoiseyFamily |
| Posted: Sun Feb 20, 2005 1:39 pm Post subject: |
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Investing Associate
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| My in-laws are doing that now. Their home is FSBO. They have a date to go to a realtor if they don't sell it before then. |
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| trixiezzz |
| Posted: Tue Feb 22, 2005 6:57 pm Post subject: |
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Investing Manager
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| There are some really good books out there that explain what to do in your ad, your open house, etc. It really doesn't cost much to try it for a month or two, just to test the waters. |
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| ladyelle |
| Posted: Wed Feb 23, 2005 9:28 am Post subject: |
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Investing Associate
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Congratulations to all that sold for sale by owner!
We tried FSBO for almost two months but it didn't work. |
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| eagertolearn |
| Posted: Thu Feb 24, 2005 1:50 pm Post subject: |
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Investing Sr. Associate
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This is the route I plan on taking when my house is ready to go on the market.
However, I won't wait forever for it to sell, so I'm going to come up with a cut-off date in my mind and if it doesn't sell FBO then I'll give it to an agent.
Also, many times you can "haggle" the agent down on their fees. |
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| trixiezzz |
| Posted: Thu Feb 24, 2005 5:19 pm Post subject: |
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Investing Manager
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The main tip to remember is: Be sure it's priced right.
Don't just put down what you *wish* you could get. Get out and go to open houses of similar homes in your neighborhood. Know for sure what houses are selling for per square foot.
An unrealistic price is the quickest deal killer around. |
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| wallace6 |
| Posted: Fri Feb 25, 2005 2:40 pm Post subject: Agents welcome |
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Investing Sr. Associate
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| We've had agents call when a buyer saw our for sale sign and ask if they could show it to a prospective buyer. The only catch is they will try to sell what they have listed to the buyer first. The agent talked the buyer out of our place for one he had listed that clearer was not a better deal for anyone except the agent. |
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