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.
Gorgeous 2-story Home in desirable Moffitt Farm. Private wooded lot & access to trails. Freshly painted & rich architectural details thru-out! Inviting 2-story entry w/ h...
Listing courtesy of Keller Williams Indpls Metro N. Selling Office: Non-BLC Office.
Beautifully landscaped brick two story has rich hardwoods throughout the main floor. Soaring two story foyer with french doors to office. Plantation shutters throughout...
Listing courtesy of Carpenter, Realtors®. Selling Office: CENTURY 21 Scheetz.
No shortage of space in this lovely 4 bedroom, 3.5 bath home. Open & airy living space with 2 story ceiling & fireplace. Kitchen has ss appliances, granite counters, larg...
Listing courtesy of Re/Max Ability Plus. Selling Office: A. M. Sandler & Associates.
Beautiful 3BR/2BA ranch home on a cul de sac in popular Harrison Green. Hamilton Southeastern Schools. New solid surface counter tops, New laminate flooring in the kit...
Listing courtesy of Re/Max Ability Plus. Selling Office: RE/MAX Ascent.
Beautiful and move in ready 5 BR/3.5 Baths w/ Master Suite on Main Floor. Granite Kitchen and all kitchen SS appliances STAY. Gas Cook Top, Huge Breakfast Bar and additio...
Listing courtesy of Berkshire Hathaway Home. Selling Office: RE/MAX Ability Plus.
Fabulous home overlooking the picturesque Nicklaus Championship course at Sagamore! Gaze across the lake to the 9th green as you enjoy all the upgrades this home has to o...
Listing courtesy of Berkshire Hathaway Home. Selling Office: CENTURY 21 Scheetz.
Gorgeous 4 bed, 2.5 bath home with den/library on nearly half an acre in beautiful Slater Ridge! Enjoy top-of-the-line appliances and granite countertops in your huge kit...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: L&P Properties, LLC.
It's love at first sight as you walk through this beautiful brick home featuring an open floor plan, full basement, gourmet kitchen with large center island and stainless...
Listing courtesy of Berkshire Hathaway Home. Selling Office: F.C. Tucker Company.
Spacious 4bed w/ full finished basement & wonderful golf course view! Home is situated on the 14th hole-Twin Lakes & cul-de-sac street. Great two story entry & great room...
Listing courtesy of F.C. Tucker Company. Selling Office: Kucic Associates Realty, LLC.
Popular area of ranch homes in convenient Fishers location. Close to shopping and access roads! Open floor plan,Three bedroom, 2 Bath home.Great Room featuring wood burn...
Listing courtesy of F.C. Tucker Company. Selling Office: Berkshire Hathaway Home.
This Custom built CalAtlantic home is only 2 years old and comes with all builder warranties. All transferable at no cost to you! High end KitchenAid Gourmet Stainless St...
Listing courtesy of Re/Max Ability Plus. Selling Office: RE/MAX Ability Plus.
Exceptionally private 5.5 ac estate at end of culdesac w/Creek. Only 6 homes on 36 acres, on a private road. Designed for entertaining inside & out. Walk in entry leads t...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: ERA Real Estate Links.
Grand Entrance into this VERY spacious 4 bedroom home. Combined Formal Family and Dining Room. Hardwoods flow into Great room w/ Cozy Fireplace and Kitchen w/ Center Isla...
Listing courtesy of Kirk Realty Group, Llc. Selling Office: CENTURY 21 Scheetz.
5.79 acres of lush woods, fruit trees & evergreens. Historical 54X24 post & beam Barn est. 1835. Two story entry leads to formal dining or large re-designed maple double ...
Listing courtesy of F.C. Tucker Company. Selling Office: United Real Estate Indpls.
This wonderful custom home has main floor master plus another 2 beds and 1 more upstairs, 3 full baths, and a massive Great Room great for entertaining and cozying up nex...
Listing courtesy of Re/Max Elite Properties. Selling Office: RE/MAX Elite Properties.
Fantastic 2 Story floor plan in sought after Anderson Hall. This BRAND NEW home boasts an open Great Room and Harvest Room, 10' main level ceilings, Gas Fireplace, covere...
Listing courtesy of F.C. Tucker Company. Selling Office: F.C. Tucker Company.
The lifestyle you desire awaits in this sparkling 3 bedroom. Freshly painted and clean as a whistle with extensive hardwoods. Kitchen boasts quartz counters and cozy ea...
Listing courtesy of Berkshire Hathaway Home. Selling Office: Berkshire Hathaway Home.
Newly updated 4 bedroom, 2.5 bath home in highly coveted Brooks Chase. This home is ready for its new owners...fresh paint throughout entire home, updated bathrooms, cro...
Listing courtesy of Century 21 Scheetz. Selling Office: Homesmart Realty Group.
One of the largest homes in Stonehedge Estates! Very spacious 4 bed, 2.5 bath home in the heart of Carmel with several updates that include fresh paint, new carpet on 2nd...
Listing courtesy of Century 21 Scheetz. Selling Office: F.C. Tucker Company.
Welcome home! You will love this beautiful home in Cumberland Place of Fishers on cul-de-sac! Move right in to this lovely home featuring main level office with build-in ...
Listing courtesy of Keller Williams Indy Metro Ne. Selling Office: RE/MAX Ability Plus.
Completely Renovated 3 Bed/2.5 Bath Home In HSE School District. Updated With All New Flooring, Paint, Carpet, Ceiling Fans, And Door Fixtures Throughout. Brand New High ...
Listing courtesy of Mentor Listing Realty Inc. Selling Office: Keller Williams Indpls Metro N.
Golfer's dream: Sawgrass is surrounded by Ironwood Golf Course and near The Hawthornes & Gray Eagle. You're going to love this spotless, beautiful, well-maintained 4 bed...
Listing courtesy of Nix Real Estate Group. Selling Office: F.C. Tucker Company.
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