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Rainmaker
4,830,621
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

not always....some think they'll save a commission....

Apr 11, 2019 05:14 PM
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I don't know. It could be a thing or not a thing. 

Apr 11, 2019 06:50 PM
Rainmaker
994,135
Corinne Guest
Corinne Guest, Realtor | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

No, I was a FSBO. I knew the market. We sold in days and got back ups, left to live in Florida and did the same coming back. I do not believe FSBO sellers are all cut from the same cloth. Oh and we got more than 3 agents told us to list for. They did not know their market!

Apr 12, 2019 06:07 AM
Rainmaker
2,936,176
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't think about FSBO's at all. I believe they eat their young.

Apr 12, 2019 04:51 AM
Rainmaker
2,853,000
Richard Weeks
Dallas, TX
REALTOR®, Broker

No, stupid is as stupid does.

Apr 12, 2019 04:31 AM
Rainmaker
1,037,009
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

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.

Apr 12, 2019 04:24 AM
Ambassador
3,147,466
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No, I always assume it's pure & simple greed!

Apr 11, 2019 07:46 PM
Rainmaker
271,259
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

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.

Apr 11, 2019 06:04 PM
Ambassador
4,004,715
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some dont agree to the terms or price that agents suggest, others want to save on the commission.

Apr 11, 2019 06:00 PM
Rainmaker
687,322
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

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!

Apr 12, 2019 07:13 AM
Rainmaker
1,512,008
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

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.

Apr 12, 2019 05:59 AM
Rainmaker
1,551,623
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

When I see FSBO I think it's either greed or fear of exposure through disclosure Will Hamm 

Apr 12, 2019 05:14 AM
Rainmaker
545,183
Peter Mohylsky, SoWal Is HOME.
Gulf Place @ 30A - Santa Rosa Beach, FL
Let me help you find your path to the beach.

No but they are an interesting breed.

Apr 12, 2019 04:35 AM
Rainmaker
3,130,909
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Very few, most think they are just as qualified and can save the commission.

Apr 12, 2019 04:20 AM
Ambassador
2,932,770
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

 

Some of my favorite listings have been AFTER they tried the FSBO route! They, then, understand and appreciate us. 

Apr 11, 2019 10:59 PM
Rainmaker
4,273,900
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

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

Apr 11, 2019 06:08 PM
Rainmaker
724,774
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

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.

Apr 12, 2019 04:18 AM
Rainmaker
2,801,667
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

No sir, I believe the FSBO usually want to save money by cutting out the agent.  In the end they usually don't.

Apr 12, 2019 01:57 AM
Rainmaker
5,219,187
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

They may not yet have had an agent.

Apr 11, 2019 05:51 PM
Rainmaker
2,413,850
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

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

Apr 11, 2019 05:24 PM
Rainmaker
975,898
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

Apr 12, 2019 08:03 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Some yes, some no.  Some just want to save on commission.

Apr 12, 2019 07:32 AM
Ambassador
1,596,508
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Sometimes.

Apr 12, 2019 07:20 AM
Rainmaker
903,626
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

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.

Apr 12, 2019 07:05 AM
Rainmaker
672,917
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

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.

Apr 12, 2019 06:37 AM
Rainmaker
1,812,895
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Possibility 

Apr 12, 2019 06:25 AM
Rainmaker
597,898
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

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.

Apr 12, 2019 06:13 AM
Rainmaker
425,834
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Very few.

Apr 12, 2019 06:06 AM
Rainmaker
386,435
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

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.

Apr 12, 2019 06:00 AM
Rainmaker
737,021
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

Apr 12, 2019 04:40 AM
Rainmaker
1,931,321
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

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. 

Apr 12, 2019 03:00 AM
Rainmaker
994,265
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Apr 12, 2019 10:42 AM
Rainmaker
719,575
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Many reason people FSBO. Could've had bad experience but probably trying to avoid commission

Apr 12, 2019 08:05 AM
Ambassador
2,167,033
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

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!!!

Apr 12, 2019 10:38 AM
Rainmaker
789,480
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

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.

Apr 12, 2019 10:31 AM
Rainmaker
280,068
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

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"

Apr 12, 2019 09:35 AM
Rainer
2,320
Nyree Holland
Keller Williams Legacy One - Chandler, AZ
Getting you into the home of your dreams!

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!

Apr 12, 2019 10:51 AM
Rainmaker
349,267
Jim Holder
HomeSmart Connect - Arlington Heights, IL
REALTOR EMERITUS, ABR,ePRO,CNC,SFR,

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............

May 11, 2019 08:16 AM
Rainmaker
391,225
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

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.

 

Apr 13, 2019 05:17 AM
Rainmaker
641,215
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

FSBOs are all about saving money.

Apr 12, 2019 09:22 PM