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Becuase they are no longer playing with the house money.
Candice A. Donofrio
Fort Mohave, AZ
Actually no, i've never had a seller who wanted to do a FSBO. Maybe they've seen how low the sales prices are for FSBOs here on Kauai.
I am always amused that people will try to pinch pennies here, do they really want to have the home on the market that is paying the lowest commission and thus irritating agents on both sides of the transaction.
everybody wants something for nothing.
An educated seller does not have as big a problem.
It's all part of the myth that the seller pays the commission!
Oh yes. No one wants to pay us for our services. We are normally rich people, and go out to our backyard everyday and pick money off our money tree.
Sellers also want our services until we bring the buyer and get ready to close.
Some people don't view the buyer commission as coming out of their own pocket.
Yes I had a neighbor just like that. They even admitted that they had always sold on their own and knew they could do it.
If your listing presentation shows your value, you should not have a problem with someone realizing your service is worth every penny they are paying you. I find it comes down to how confident an agent is when making their presentation of their services .
No I don't see much of that in my area. FISBO are far and few between and they're usually not a FISBO for long as the sellers figure out it's not that easy to market their home and get a bonifide offer.
They are afraid someone else besides themselves will make a little money.
Candice A. Donofrio
Fort Mohave, AZ
Jack - I haven't really noticed a lot of home sellers wanting to sell by owner. Most understand they need an agent to help get their home sold.
The talk of getting paid is always easier with buyers, however, because they don't have to pay (typically) for our service. All of the commission paid out for a sale is typically paid for by the sellers.
Jack Lewitz may be you haven't see it all yet...
I have buyers asked me for the commission back from what I earn as buyer's agent....no kidding!
Absolutely they did not pay us to first time.
I haven't seen it, but "because now they have to pay" seems to be a logical reason.
Rarely a problem but if I sense even a hint I suggest they consider it and then walk them through the process:
# 1 Your house won’t be in the MLS while your competition is.
# 2 Safety and security issues of owner letting just anyone in to see the house.
# 3 House can only be shown when they are home.
# 4 No staging, professional photography, etc.
# 5 Buyer will almost always have an agent who will still demand ____ %.
The list goes on and on.
I have never had anyone actually do it, they always list.
All the time. If you take the few thousands dollars and divide them down to the hour, its no big deal and money well spent too. Everyone wins
No. In our market, the great majority of home sales are handled by agents.
No, not really. Most understand the process and prefer professional help!
Funny how that works.
There are some buyers who wont hire an agent because they think it costs them extra. On the selling side many who chose to go fsbo have had a bad encounter with a bad agent. They dont realize there are good and great agents out here. Those who want to save money try discount brokers and learn the hard way when they lose more money than they saved in some cases.
Yes, I have noticed.
What I also know it this seller has actually elected to raise their costs or lower their net by the decisions they make.
What needs to occur is those agents bring buyers to fsbo's need to recognize their duty requires them to do both sides. When both sides includes a 'balking seller' the fee must be premium.
What these agents choose to do, IS reflective of their value.
Not especially.... we have very few FSBO's in our area and 95% of them that do FSBO end up listing within 4-6 weeks.
Many consumers do not sign a buyer agency contract so they do not mind but when listing a hosue for sale they need to sign a contract.
Don't you love that mentality! Of course it gives us another source of clients!
Good morning Jack. It's all about the money. Follow the money.
I suppose that happens in some markets! A
Yes...think they are going to save a lot.
Usually these people bought from someone else and only had a so-so experience !
Nothing new about that. Bargain hunters abound. I am tax deductible
I have heard a few homeowners in Denver think they can sell the home on their home, since homes are selling so fast.
I am SO OVER people who don't think we earn our commission. They can go it alone and good luck. Karma is a B and so am I. :D