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.
Wonderful move in ready home in Spring Arbor! Sprawling main floor with vaulted ceilings in the entry and living room. Updated kitchen with peninsula perfect for entertai...
Listing courtesy of United Real Estate Indpls. Selling Office: eXp Realty, LLC.
Quiet cul-de-sac location gives way to a spacious residence with many recent upgrades. The main floor owners' retreat offers spa bath with new vanity, tiled shower, walk-...
Listing courtesy of Encore Sotheby's International. Selling Office: F.C. Tucker Company.
Fabulous .4 Acre Lot with Large Trees+Huge Privacy Fenced Back Yard('17)Storage Shed+Patio w/Pergola('18)New Kitchen Cabinets & Granite Tops('17)Island w/Breakfast Bar+Pa...
Listing courtesy of Berkshire Hathaway Home. Selling Office: F.C. Tucker Company.
Welcome to this 3 bedroom - 2 FULL BATH ranch located conveniently near the heart of Downtown Noblesville. Enter the home by walking up the sidewalk from the street direc...
Listing courtesy of F.C. Tucker Company. Selling Office: Main Street Renewal, LLC.
Wow! Here it is, an incredible opportunity to own a beauty in Carmel w/ many upgrades. Enjoy the updated kitchen w/ new SS appliances and built in breakfast bar w/ bench ...
Listing courtesy of Rise Real Estate. Selling Office: Berkshire Hathaway Home.
Beautifully remodeled home with loads of upgrades. Open concept floor plan with living, dining and Kitchen space; Totally upgraded kitchen with new cabinets, granite coun...
Listing courtesy of VKN Realty, LLC. Selling Office: eXp Realty, LLC.
Height and Drama greet you as you enter this open floor plan design! Hard to find PRIVATE 1/2 acre cul-de-sac lot with mature trees, firepit, screened in porch, patio, an...
Listing courtesy of F.C. Tucker Company. Selling Office: Highgarden Real Estate.
Fall in love with this charming 3 bd 2.5 bath home in Guilford Park. Located in the heart of Carmel. This small quiet neighborhood is minutes from the Arts District, I-31...
Listing courtesy of Wise Choice Real Estate LLC. Selling Office: AKO Brokerage & Property Mgmt.
Come take a look at this Beautifully landscaped home in West Carmel! You'll love the open concept of the main level which features, floor to ceiling stone fireplace, gran...
Listing courtesy of CENTURY 21 Scheetz. Selling Office: CENTURY 21 Scheetz.
Welcome to the Ainsley II. This home features 4 bedrooms, 2.5 bathrooms, den, formal dining room, 3-car garage, and a full lookout basement. Through the guest entry you w...
Listing courtesy of M/I Homes of Indiana, L.P.. Selling Office: CENTURY 21 Scheetz.
Wow! This home is ready for a new family! Great 4 bedrooms, 3.5 baths, finished basement. Walk in the front door to the 2 story entryway. Hardwood floors in the entryway,...
Listing courtesy of F.C.Tucker Muncie, REALTORS®. Selling Office: Fathom Realty.
Straight out of Miami, Florida! On the water with contemporary flair. With water views from every angle, this is resort like living in the exclusive community of Claybrid...
Listing courtesy of Encore Sotheby's International. Selling Office: F.C. Tucker Company.
New Construction by D.R. Horton! Welcome to the Columbia in The Overlook at White River. The Columbia townhome offers 2 bedrooms, 3 baths & is located on the end with ext...
Listing courtesy of HMS Real Estate, LLC. Selling Office: Carpenter, REALTORS®.
This homesite in Noblesville holds the Reagan floorplan featuring elevation A. Structural selections include 9’ first floor walls, a fully finished basement with an addit...
Listing courtesy of Ridgeline Realty, LLC. Selling Office: Keller Williams Indy Metro NE.
Welcome to your home in the Brooks Chase neighborhood in sought after FISHERS! Nice 3 bdrm home w/upstairs Loft, 2.5 Baths, 2-Car rear Gar. Huge Great Rm, & Sep Frml Dini...
Listing courtesy of Victory Real Estate. Selling Office: United Real Estate Indpls.
Perfectly located in the Heart of Westclay. 2166 Sqft with 4 bedroom & 3 1/2 bath w/Plantation Shutters. Spacious Kitchen with granite counter tops Full Island and brea...
Listing courtesy of Front Porch Real Estate. Selling Office: CENTURY 21 Scheetz.
Gorgeous multi-level home on just over a .25 acres in the prominent, Heather Knoll! Just minutes away from various walking trails & parks, Wood Wind Golf Club, & tons of ...
Listing courtesy of Keller Williams Indy Metro W. Selling Office: Berkshire Hathaway Home.
Beautifully updated 3bd 2ba + office! So much new! Open floorplan with huge flowing ceilings. Updates include: roof, windows, furnace, a/c, water heater, electrical, plum...
Listing courtesy of United Real Estate Indpls. Selling Office: Armstrong Real Estate Brokerag.
Move-In Ready in HSE Schools for under $270k!! You'll love this Aesthetically pleasing abode featuring NEWLY Remodeled Guest Bath, NEW Luxury Vinyl Flooring on Main Level...
Listing courtesy of F.C. Tucker Company. Selling Office: Keller Williams Indy Metro NE.
Beautiful backyard view in Haig Point on the Ironwood Golf Course. 3BR and 2.5BA home in a picturesque community. Primary bedroom is on the main floor. Upstairs has 2 bed...
Listing courtesy of F.C. Tucker Company. Selling Office: F.C. Tucker Company.
Village Farms stunner! Vaulted ceilings make for a grand entryway. Three beds, 2.5 baths and oodles of storage! Large open-concert floor plan provides hosting spaces on b...
Listing courtesy of eXp Realty, LLC. Selling Office: Berkshire Hathaway Home.
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