Originally Posted By: supton
Not directed at the OP:
Would it be worthwhile to bother with a FSBO who states "will not pay commission fees" in their ad? I just saw this pop up in a property near me; sixty seconds revealed I'd want a real estate attorney involved (although I don't see why I couldn't pay an agent some stipend), so the question is, would you bother with such a seller?
Not sure what their story is, but not sure if this is a common selling tactic for FSBO's.
Originally Posted By: Wolf359
It's a total rookie move. You just write up the offer with the commission in the offer. If it's not enough for them, they just reject the offer. It shouldn't really matter whether there's a commission in there or not. FSBO's don't know what they're doing. That's why I like to pound them. I can throw out all sorts of things and they have no counter to them because they haven't experienced any of it before.
I sold my former house in Irvine by myself(FSBO) couple years ago.
I had my house listed by an agent for 6 months, I had several offers but at much lower than I expected. About a month after the listing agreement expired I listed my house on 1 of the free listing website for 30 days.
Within 2-3 weeks I had some viewings and several offers. The highest offer was more than $100k more than I had with real estate agent few months before. I also didn't pay anyone commission of 6% of $1.x mil(about $80k). I pocketed an extra of $200k compared with highest offer I got few months before.
The closing escrow was very easy too. All I had to do was repair termite damage to the patio cover and some part of the roof(costed me $12k). I didn't do anything inside the house because buyers would spend about $300k-400k to completely remodel the house.
Yes, FSBO can be done in the seller market.
Not directed at the OP:
Would it be worthwhile to bother with a FSBO who states "will not pay commission fees" in their ad? I just saw this pop up in a property near me; sixty seconds revealed I'd want a real estate attorney involved (although I don't see why I couldn't pay an agent some stipend), so the question is, would you bother with such a seller?
Not sure what their story is, but not sure if this is a common selling tactic for FSBO's.
Originally Posted By: Wolf359
It's a total rookie move. You just write up the offer with the commission in the offer. If it's not enough for them, they just reject the offer. It shouldn't really matter whether there's a commission in there or not. FSBO's don't know what they're doing. That's why I like to pound them. I can throw out all sorts of things and they have no counter to them because they haven't experienced any of it before.
I sold my former house in Irvine by myself(FSBO) couple years ago.
I had my house listed by an agent for 6 months, I had several offers but at much lower than I expected. About a month after the listing agreement expired I listed my house on 1 of the free listing website for 30 days.
Within 2-3 weeks I had some viewings and several offers. The highest offer was more than $100k more than I had with real estate agent few months before. I also didn't pay anyone commission of 6% of $1.x mil(about $80k). I pocketed an extra of $200k compared with highest offer I got few months before.
The closing escrow was very easy too. All I had to do was repair termite damage to the patio cover and some part of the roof(costed me $12k). I didn't do anything inside the house because buyers would spend about $300k-400k to completely remodel the house.
Yes, FSBO can be done in the seller market.