FSBO Home Sale- Needed advice, took it. Glad to have hired a Realtor.

FSBO- Saved by a professional Realtor

Anyone who has been reading my articles for very long knows that I spend a great deal of time on message boards. It gives me an opportunity to talk about my favorite subject – realty, and it is a great way to market my services without having to be a salesman.

While doing this, I frequently find people who are selling homes FSBO (for sale by owner) who are asking Realtors for advice. The funny thing is, more often than not we give it.

The reasons we do it, even though it is arguably against our interests, is both the two reasons I cited above…and quite frankly most Realtors are helpful people by nature. But that is enough of me saying how great we are.

So today on Reddit, I ran across a post from someone who had asked for advice on how to get their home sold, because they were having a tough time getting it sold on their own. The first bit and most frequent (but not only) advice they got was to hire a Realtor. Not just for self interest, but simply because it is the best way to get your home sold. They actually took the advice, and it served them well.

Heck, don’t take my word for it. Read what they had to say.

“I posted¬†this¬†post a few months ago asking for advice on our FSBO. I thought some people would care about an update, so here it is.

After 2 weeks on the market as a FSBO, we decided to list with the realtor who offered to do it for 4% commission. He suggested we keep the price the same at $424.9k. The second it hit the MLS, we had 5-10 showings/day. Feedback was all very positive, but no offers.

He also held an open house the first Sunday it was on the market and got over 75 people, but still no offers.

Being represented by a realtor was a God-send. I no longer felt the pressure to accommodate showings around our busy work and home life schedule, and went on our weekend holiday without stressing about missing out on showing opportunities. That alone was well worth the 1% we were paying him.

After 2 weeks on the MLS and multiple showings/day with no offers, we decided the price must just be too high. We had gone into it with the mindset of “we will accept anything over $400k. If people like the house, they should just submit an offer for what they think it’s worth and let us counter/accept…” I guess people figured if it was over priced, they didn’t want to low ball so they just kept looking.

So on a Wednesday night, we lowered it to $399.9k. By Thursday, we had an offer in hand for $405k and were told there were 2 more on the way. The offer of $405k expired in 24 hours, and met all of our other criteria (closing date, 20% down payment conventional…etc), and our realtor told us that the other 2 offers wanted a shorter closing (which didn’t work because we wanted our son to finish the school year in our current district) and were either FHA or less than 20% down. So we decided to accept the $405k.

Inspection and closing went extremely smoothly.

In the end, we are very happy with the outcome, and felt that listing with a realtor gave us the best exposure, got us a fair selling price, and the convenience was well worth the 1%.”

Here is a link in case you doubt my veracity…and to be fair to Reddit.

So if you are struggling to get that home sold as a FSBO, give me a call at 317-657-8059 or email robb@yourrealtylink.com to set up your sellers consultation. A 5% listing (2% list, 3%BAC), will save you innumerable headaches, and actually get your home sold. I guarantee it.

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About Robb

A husband, Dad to 5, and Grandpa to 9. US Navy Vet. 18 Year Postal Employee turned full time Realtor. I enjoy a wide variety of things, but you will find that here I mostly write about Indianapolis, government/politics, recent news, and whatever book I am reading or have just finished at the moment.
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