Saturday, August 6, 2011

FSBO.com hypocrite or realist?

As reported by AgentGenius.com.

Many Realtors have read the story below.  Founder of ForSaleByOwner.com uses a Realtor.  And they are touting it all over the internet, that 82% of all sales are between broker to broker, and even a huge proponent of FSBO sales has to get real once in a while and use a broker. 

I'm offering a different approach.  The founder truly believes in the ease of the professional in one of the most expensive transactions of his life.  And that he is in the large majority of other sellers and buyers who agree.  People don't want to miss a step in such a huge financial decision.
However, there does exist the other 8%, that are called DIY. The do it yourselfer. 
  1. They change their own oil every 3000 miles. 
  2. They will never hire a landscaper or painter to do anything they can reach under 30ft. 
  3. You see that play structure in the back?  I made that, myself. 
  4. Oh, and they are a big fan of TurboTax.  Sorry H&R Block.
So, while this story doesn't mean to change every DIY to quit FSBO and hire a Realtor, it does ensure that if you consider yourself part of the vast majority, make sure you enlist the professional to take care of your prized possessions...  Your money and your HOME.
Former FSBO CEO sells home the traditional way


Founder and former CEO of ForSalebyOwner.com, Colby Sambrotto listed his 2,000 square foot New York condominium on his own through online classified ads and FSBO sites, but after six months, he opted to hire New York broker Jesse Buckler who immediately advised a price change as the listing was not attracting the right buyer.

After giving up on the DIY route, Sambrotto’s decision to hire a broker led to attracting multiple offers, closing for $150,000 over the original asking price. The Wall Street Journal reports the listing sold for $2.15 million including a 6% commission.