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.
Sophisticated Arts & Crafts Home on Geist. Built By Carrington-One of Indy's Premiere Multi-Million Dollar Home Builders. Luxe Industrial Finishes Throughout. Designed fo...
Listing courtesy of Re/Max Realty Services. Selling Office: RE/MAX Realty Services.
A wonderful place to call home in Fishers Geist Overlook. This home boasts a 14X12 Sun Room, wood deck w/built-in benches, privacy fence and backs up to a wooded lot. For...
Listing courtesy of Re/Max Ability Plus. Selling Office: F.C. Tucker Company.
Located in popular Sunblest Farms, this 3 bedroom 2 bath home sits on a larger lot complete with a fenced-in backyard! Recent updates include kitchen countertops and back...
Listing courtesy of Redfin Corporation. Selling Office: eXp Realty, LLC.
The many recent updates will surely grab your attention! New HVAC, water heater & water softener. New main level carpet & flrs in laundry & office as well! The formal liv...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: Highgarden Real Estate.
Stunning Pulte home w/ wonderful curb appeal in Lake Forest! Shows like a model & feels brand new. UPGRADES GALORE! Open concept layout flows from entry w/ formal dining ...
Listing courtesy of Redfin Corporation. Selling Office: Highgarden Real Estate.
A functional floorplan with all the "i's" dotted and "t's" crossed. Nicely updated home features new flooring on all levels, fresh paint and more. The kitchen boasts gran...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: Star Alliance Brokerage, Inc..
The Lockerbie V floor plan is popular for a reason – Open concept, sight lines from one end of the townhome to the other, and plenty of extra spaces to make this floor pl...
Listing courtesy of Century 21 Scheetz. Selling Office: Keller Williams Indy Metro NE.
Spacious and hard to find 4 bed(2,300+ sf) situated on a rare wooded lot in Deer Path. This one is move in ready just in time for the holidays! Main floor offers open con...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: 2.0 Brokerage, LLC.
You won't want to miss this home! Seller has put over 50K in updates! Featuring removable stair chair * Soaring entry opens to huge great room with cozy gas fireplace, la...
Listing courtesy of F.C. Tucker Company. Selling Office: CENTURY 21 Scheetz.
Gorgeous custom home on 3/4 acre lot in Fishers gated community! Enter to an open floorplan with over 6,500 square feet of living space. Main level boasts beautiful hardw...
Listing courtesy of Stratton Realty Group, Llc. Selling Office: F.C. Tucker Company.
Wonderful Fishers home w/ finished basement & PRIVATE WOODED lot on a quaint & quiet CUL-DE-SAC! Main level boasts refinished hardwood flooring, 2 sty entryway, formal li...
Listing courtesy of Era Real Estate Links. Selling Office: DELORIS J THOMAS.
MAJOR PRICE REDUCTION!! WHAT A DEAL!! Stunning remodeled brick colonial w/finished basement in the highly desirable Eden Estates neighborhood of Carmel! Located on a peac...
Listing courtesy of Peter Stewart Realty Llc. Selling Office: eXp Realty, LLC.
Welcome to the Fairmont! Elegant great room with a soaring two story ceiling and open views to the vast kitchen with an expansive center island and generous cabinet and c...
Listing courtesy of Century 21 Scheetz. Selling Office: Non-BLC Office.
Welcome to the Southill C. Smart Home Technology w/support by Amazon & voice control by Alexa delivers connectivity, safety & convenience, while Lennar’s Everything’s Inc...
Listing courtesy of Century 21 Scheetz. Selling Office: Sunshine Realty, LLC.
Very RARE opportunity in the exclusive Carmel subdivision of Queens Manor. This nearly 11,000 sqft, all brick, home sits on almost 5 acres and is nestled off the street f...
Listing courtesy of Red Bridge Real Estate. Selling Office: CENTURY 21 Scheetz.
The Oxford a beautiful 2 story/5bed home that is sure to impress. Nice large kitchen w/tons of cabinets, lrg cntr island w/brkfst bar, quartz counters, SS appl, tile back...
Listing courtesy of Century 21 Scheetz. Selling Office: F.C. Tucker Company.
This family home has it all! Cul-de-sac location, fenced rear yard, finished basement, and 3-car garage! On the main, you’ll also find a screen porch that leads to a larg...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: F.C. Tucker Company.
Don’t miss this 5 bed, 3.5 bath Valencia floor plan by Lennar Homes with Amazon smart home technology built right in! The 1st floor features an open concept great room th...
Listing courtesy of Century 21 Scheetz. Selling Office: CENTURY 21 Scheetz.
5 bedroom and 5.5 baths make this home great for big family or those catering to out-of-town guests. Smart Home Technology with activation & support by Amazon, voice cont...
Listing courtesy of Century 21 Scheetz. Selling Office: RE/MAX Legends Group.
Welcome to the Southill A. Smart Home Technology w/support by Amazon & voice control by Alexa delivers connectivity, safety & convenience, while Lennar’s Everything’s Inc...
Listing courtesy of Century 21 Scheetz. Selling Office: Carpenter, REALTORS®.
Rare opportunity to have over 6,000 square foot brick/stone walk out basement. 4 Bedrooms-all w/private bathrooms. Walk out basement w/theater room/brick wine cellar & fu...
Listing courtesy of Re/Max Legends Group. Selling Office: Keller Williams Indy Metro NE.
Kentmore III includes three bedrooms, two full bathrooms, an open concept kitchen and gathering room, and a 2-and-a-half car garage. The gathering room includes corner fi...
Listing courtesy of M/I Homes Of Indiana, L.P.. Selling Office: Non-BLC Office.
Rare find of a well maintained home in an awesome location in Carmel at an entry level price! Relax this summer on your huge deck in your private back yard or walk to Coo...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: Berkshire Hathaway Home.
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