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.
Adorable ranch house waiting to become your home! This 3 bedroom, 2 bath home has many updates including Master bath, Roof, Windows, sliding patio door, front storm door,...
Listing courtesy of Roger Webb Real Estate, Inc. Selling Office: Carpenter, REALTORS®.
Unparalleled beauty on a mature wooded lot with views of Geist Reservoir in highly sought after Springs of Cambridge in Fishers. Owners have completely renovated the home...
Listing courtesy of Pursuit Realty, LLC. Selling Office: Carpenter, REALTORS®.
Impeccably maintained, low-maintenance home in popular Chapel Woods. One of the larger floor plans in the community this home is ADA compliant, full of upgrades and custo...
Listing courtesy of Carpenter, REALTORS®. Selling Office: Monteith-Legault Real Estate C.
Come see this gorgeous 3br/2.5ba townhome with finished basement and garage in the heart of Carmel! Tucked back into the quiet end of the community, this spacious home ha...
Listing courtesy of Peter Stewart Realty LLC. Selling Office: United Real Estate Indpls.
Hard to find 4BD Walk-out Ranch nestled on a .52 acre picturesque cul-de-sac lot. Tree lined, lush quiet backyard w/ 2 outdoor spaces; covered wood deck + stamped concret...
Listing courtesy of CENTURY 21 Scheetz. Selling Office: Berkshire Hathaway Home.
Comfortable country living in this charming, 2800+sqft home, 2+ acres, located right on historic Strawtown Avenue! Situated in a perfect, private location just minutes fr...
Listing courtesy of F.C. Tucker Company. Selling Office: F.C. Tucker Company.
Looks can be deceiving! This large ranch offers 3 bedrooms on the main level, an upstairs loft, 4th guestroom/suite with full bath, plus a walk out basement, all on a be...
Listing courtesy of Carpenter, REALTORS®. Selling Office: F.C. Tucker Company.
Location!Location!Location! Prime spot for restaurants, live music, shopping & everything Fishers has to offer.Newly constructed end unit townhome has it all! 3bed,3bath ...
Listing courtesy of In-Site Real Estate Services. Selling Office: Best Value Realty LLC.
Classic brick ranch in the heart of Noblesville minutes to Forest Park, Morse Reservoir, shopping and highways. As you enter, you're met with a wall of windows, soaring 1...
Listing courtesy of CENTURY 21 Scheetz. Selling Office: @properties.
Terrific 5 bedroom 2.5 bath home in Hazel Dell Woods. Nice size kitchen with stainless appliances & an eat in area; open to large family room with wood burning fireplace....
Listing courtesy of F.C. Tucker Company. Selling Office: Coldwell Banker - Kaiser.
This one has it all! Well maintained beautiful home in desirable Carmel with an amazing inground pool and no HOA! This tri-level features a owner's suite with private f...
Listing courtesy of Compass Indiana, LLC. Selling Office: Highgarden Real Estate.
Whoa! Pump the brakes! Check out this very spacious 3 bed/ 2 bath home just 5 minutes away from Top Golf and IKEA. This charming ranch home has plenty to offer. Business...
Listing courtesy of Ferris Property Group. Selling Office: F.C. Tucker Company.
Fresh remodel offers clean, quality, well executed updates to this ideally located west Carmel home. Enjoy the park like setting on a cul-de-sac. Features 3 all new baths...
Listing courtesy of F.C. Tucker Company. Selling Office: F.C. Tucker Company.
Tucked away, backing to treeline of very conveniently located SW Fishers neighborhood, this home is ‘move in ready’ as seller never imagined moving out. Exceptional renov...
Listing courtesy of Keller Williams Indpls Metro N. Selling Office: F.C. Tucker Company.
Location, location, location! This fantastic 4 bed, 2.5 bath is right on the MONON and NO HOA. Easy walking distance to so many amenities! Gorgeous mature trees plus h...
Listing courtesy of Bell Realty Group. Selling Office: Keller Williams Indy Metro W.
Well maintained 3 bedroom 2.5 bath home in popular Deer Path! Kitchen with tile flooring, stainless appliances and breakfast bar. Dining room and large family room with a...
Listing courtesy of eXp Realty, LLC. Selling Office: Keller Williams Indpls Metro N.
Beautiful move-in ready one-owner home in West Carmel. This 5 bed 4.5 bath home has been meticulously maintained. Main level family room opens to the kitchen with large ...
Listing courtesy of Liberty Real Estate, LLC.. Selling Office: CENTURY 21 Scheetz.
3 bedroom, 3 full & 1 half bath townhome in Fishers! 2 story entry with tile flooring, hardwoods on main on floor, family room w/gas fireplace. Kitchen has 42" cherry cab...
Listing courtesy of eXp Realty, LLC. Selling Office: F.C. Tucker Company.
Let's make this home yours today! 4 bed 2.5 bath home on a cul-de-sac with a tree-lined private back yard that has direct access to the neighborhood nature trail. Vinyl ...
Listing courtesy of Carpenter, REALTORS®. Selling Office: Triple E Realty, LLC.
Welcome to this gorgeous neighborhood! Terrific 3 bedroom and 2 bath home with a 2 car garage. Enjoy preparing meals in this impressive kitchen equipped with ample cabine...
Listing courtesy of Opendoor Brokerage LLC. Selling Office: Non-BLC Office.
Just-Completed Brand-New Large Flexible 2343 sq ft 4 BDR 3.5 BA End-Unit Townhome w/Attached & Finished 2 CAR at Towns at The Station in The Fishers District w/Resort Sty...
Listing courtesy of F.C. Tucker Company. Selling Office: Best Value Realty LLC.
Live like royalty in this GORGEOUS 4 bedroom + Loft + Bonus Room in popular Monarch Springs! Grand two-story foyer leads to rare MAIN FLOOR owner's suite with large walk-...
Listing courtesy of Elliott Real Estate. Selling Office: The Cooperative.
This is the last lot listed in the final phase of Northlake on Hourglass Lake in the Village of West Clay. Build your custom dream home and enjoy the beautiful views. Thi...
Listing courtesy of F.C. Tucker Company. Selling Office: Gradison Realty, LLC.
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