A lot of homeowners today are trying to sell their homes themselves. Affectionally, we refer to them as FSBO's. I applaud your efforts and wish you the best of success.
However, let's look at some pros and cons of FSBO.
Pros of FSBO
1. Commission savings
2. You control the listing side
3. You schedule your own showings (can be a con!)
Cons of FSBO
1. People looking for a FSBO are trying to save money just like you. They expect you to give up the commission that you are saving.
2. You don't get good feedback. People will be nice to you but not necessarily honest. Good feedback is imperative. (Example, if they smell dogs or diapers, they won't tell you this!)
3. Exposure! You are limited to drive bys, word of mouth, perhaps a few craigs list ads, signs at work or grocery store, etc. The MLS (now called the BLC) gives you exposure to thousands of buyers.
4. You're on your own professionally. If you're not fluent in the process, it could cost you because you don't have professional representation.
5. You may not know the right people to call for inspections, title companies, legal advice, home repairs, etc.
6. You're probably on an uneven playing field with your buyer. A realtor's job is to professionally represent their client. This evens the playing field.
7. Negotiations are almost always awkward.
8. Limited access to realtime information regarding current listings, pendings, solds and market.
9. Many FSBO's don't fully understand the process from contract to closing.
10. Every transaction has some type of twist. A realtor's job is to smooth out those twists with the most favorable outcome to you as possible. As a FSBO, you're on your own. (Example. suppose that your inspection revealed a latent defect in your foundation. An encroachment. A subdivision violation. Evidence of mold or termites. A cloud on the title. What about possession. Home Warranty. Who pays for what at closing. What is an appropriate earnest money. What about seller paid closing cost.... the list goes on and on.)
So.... What about a limited service listing like "Assist to Sell"?
That only solves part of the issue. You still interface with the buyer directly, schedule your own showings, realtor is limited in their service to you. We usually find these programs of limited success.
Personally, I've walked the FSBO route. I actually sold a home in 1994 as a FSBO. I've owned 6 homes in the last 26 years. I lucked out in 1994 but I would describe the transaction in one word: stressful!
In 2003, I had a limited service listing with Home Yeah! I paid $500 to get me in the MLS. That didn't work so hot. One word: awkward!
In 2005, I had my home listed with a realtor but would not listen to him. We were way over priced. We eventually sold the home less than what the realtor suggested because the listing became stale. We were 2.5 years on the market before we woke up. One word: stubborn!
Then...I got smart! I started listening to my realtors and learned the value of what they provide. I became a realtor in early 2007 and have had excellent success in representing both buyers and sellers. My record listing in 18 hours from entering the BLC to an accepted contract. That's hours...not days!
Most FSBO's give up after 60 days and list with a realtor anyway. Good realtors will be honest and list the home only after an appropriate amount of due diligence, market research and home preparation. A good realtor doesn't take a listing that they cannot sell. That doesn't help anyone.
I'd love to share with you what I've learned and how it will work for you.
Give me, Robby, Jen or Stephen a call.
Below you'll find the latest SOLD homes in Fishers, Carmel and Noblesville. Our site actually let's you search the latest SOLD homes. Also be sure to check out market reports! These are amazing and will give you excellent info.
This is a must see, located so close to everything. 3 bedroom 2.5 bath home with so many updates. Located near the heart of downtown Fishers, this home has so much to o...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: F.C. Tucker Company.
With water views from almost every angle, this majestic, custom-built Morse Reservoir estate, will feel like a vacation from the start! Substantially renovated both insid...
Listing courtesy of Encore Sotheby's International. Selling Office: Encore Sotheby's International.
Beautifully maintained 4 bedroom, 2.5 bath home in the wonderful Woodlands neighborhood. House features laminate hardwood flooring throughout the main level, wood burnin...
Listing courtesy of Re/Max Advanced Realty. Selling Office: RE/MAX Advanced Realty.
Welcome home! You will fall in love with this home the moment you walk in. Sundrenched rooms with relaxing views. Gleaming hardwoods to the 2 STY GR MR w/gas FPLC & B/Is,...
Listing courtesy of Berkshire Hathaway Home. Selling Office: Keller Williams Indpls Metro N.
DON'T MISS YOUR CHANCE AT THIS POND VIEW OPPORTUNITY!!! THIS 3 BEDROOM HOME OFFERS AN OPEN CONCEPT MAIN FLOOR WITH A MASSIVE WALK-IN PANTRY. UPSTAIRS PROVIDES AN UPDATED ...
Listing courtesy of Trueblood Real Estate. Selling Office: Keller Williams Indy Metro NE.
Wonderful, move-in-ready 3 Bedroom/2 Bath Ranch home in an excellent location. Spacious Great Room with vaulted ceiling, plant shelf and gas log fireplace, open Kitchen ...
Listing courtesy of Berkshire Hathaway Home. Selling Office: The Whitaker Group, L.L.C..
Step into this welcoming 4 BR, 2½ BA family home in Carmel. Formal living & dining rooms & cozy sitting area in foyer. Spacious family room w/ brick wood burning firepl...
Listing courtesy of Re/Max Ability Plus. Selling Office: eXp Realty, LLC.
You'll love this ready to move into freshly painted 2900+ sq foot home w/new carpet, new granite counters & new stainless steel kitchen appliances. Main level Master Bedr...
Listing courtesy of Century 21 Scheetz. Selling Office: CENTURY 21 Scheetz.
Space, Location, Neighborhood Amenities & perfectly ready for new homeowners! No need to wait to build, this popular Boardwalk floorplan has all finishes & upgrades….Fin...
Listing courtesy of Berkshire Hathaway Home. Selling Office: Carpenter, REALTORS®.
The Wilmington is a popular floor plan for a buyer looking for a large open Great rm w/gas fireplace, open kitchen w/large cntr island, nice lrg corner pantry, ss applian...
Listing courtesy of Century 21 Scheetz. Selling Office: Non-BLC Office.
SPACIOUS 2 STORY IN FISHERS WITH 3965 SQ FEET! ALL THE ROOMS ARE OVERSIZED & THE FLOOR PLAN IS VERY OPEN! GREAT ROOM W/ COZY FIREPLACE! KITCHEN W/ TONS OF CABINETS/COUNT...
Listing courtesy of F.C. Tucker Company. Selling Office: F.C. Tucker Company.
Fabulous"Totally Renovated"4BR 2 Sty w/Huge Front Porch! .38Ac Lot w/Lg Trees! Dramatic Updates and Upgrades! Unbelievable "Open Concept"Kitchen w/New White"Shaker"Cabine...
Listing courtesy of Berkshire Hathaway Home. Selling Office: Plat Collective.
Exquisitely designed custom home located on the east side of Geist. Deeded boat dock and lift with electric motor. Recently renovated back patio. Spacious 2 story entry a...
Listing courtesy of Engel & Volkers. Selling Office: RE/MAX Legends Group.
Located in desirable Sandstone Lakes, this 4 BR, 3 Bath home will not disappoint. Updated kitchen w/white 42” cabinets, granite counters, laminate hardwood floors, tiled ...
Listing courtesy of F.C. Tucker Company. Selling Office: Highgarden Real Estate.
Outstanding, Immaculate, Ideal! 12874 Thames Drive will impress. Updated with thought and attention to detail, you will not want to miss this opportunity. The sweeping op...
Listing courtesy of F.C. Tucker Company. Selling Office: RE/MAX Legends Group.
This gorgeous home has a lot to offer. There are hardwood floors through the main floor and a gas fireplace in the living room. The large, open kitchen features beautiful...
Listing courtesy of Keller Williams Indpls Metro N. Selling Office: F.C. Tucker Company.
Easy living on lush green Pebblebrook Golf Course. Home sits on 18th green. Main floor master suite with sliding doors opening to stamped (24x14x18)concrete patio (with...
Listing courtesy of F.C. Tucker Company. Selling Office: Highgarden Real Estate.
Move In Ready! Updated Beautiful Home With 3 Bedroom 2.5 Bath In Popular Lost Oaks. Living Room Feature Soaring Ceiling With Gas Fireplace. New Paint And Carpet Though Ou...
Listing courtesy of Myl Realty, Llc. Selling Office: RE/MAX Legends Group.
The main floor of this beautiful two-story home flows through a semi-open floor plan featuring new luxury vinyl flooring throughout. The eat-in kitchen has been supplied ...
Listing courtesy of Keller Williams Indpls Metro N. Selling Office: HomeXpert, Ray Stuck & Co..
WOW! MOVE-RIGHT-INTO THIS ALL UPDATED LUXE ESTATE PROPERTY IN CARMEL. HOME BOASTS 5 BDRMS, 4.5 HIGH-END REMODELED BATHS, UPDATED KITCHEN, 5' SPORTS POOL W/ STEPS ON BOTH ...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: Front Porch Real Estate, LLC.
Come see this stunning floor plan designed to fit your family's needs! Sprawling and open main level living w/ 4th bedroom, full bath & loft area upstairs! Vaulted ceilin...
Listing courtesy of Drees Homes. Selling Office: CENTURY 21 Scheetz.
Beautiful Hannover on the Green area and a 3 bedroom with the master bedroom on the main floor. The home was The Christoph which has 2123 sq ft. The Assessor card has les...
Listing courtesy of The Discovery Group, Inc. Selling Office: CENTURY 21 Scheetz.
Southill offers exceptional living space with includes 5 bedrooms and 5.5 baths. Dramatic entry, dual staircase, 2-story great room, cozy fireplace, sunroom, breakfast no...
Listing courtesy of Century 21 Scheetz. Selling Office: F.C. Tucker Company.
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