chiknbut wrote: ↑Sun Sep 01, 2019 4:37 pmNone taken. I've chosen a profession filled with scumbags and idiots. Well aware of that.TDub wrote: ↑Sun Sep 01, 2019 11:35 am Any advice for people who would rather do fsbo properties? I cant stand dealing with real estate agents. No offense chickn, I'm sure some of them are terrific, but the vast majority I've come in contact with are pretty terrible and will say anything to get their piece of the pie. I've found one guy who I think is pretty dang good but still seems like I should be able to do most of this stuff myself.
FSBO is tough. I get that you don't want to pay 2.5 percent, that's normal. Believe me, I deal with that every single day.
But in the end, a house sells because the market deems its price to be correct. It has nothing to do with home owners or realtors. Most FSBO's I've dealt with are horribly over-priced to begin with. Doesn't matter if you think your house is worth $425,000 if a similar house down the block sold for $400,000.
As I wrote before, most home owners believe their house is worth more than it is. And these people get really frustrated that they can't sell their homes. Has nothing to do with the realtor who is really only there to either help set a price and sell it or help someone understand the market and put in a fair offer.
My biggest obstacle right now is a softening luxury market. I have an amazing listing in a great neighborhood in one of the best school district's in Chicago. Got an offer one month into the listing and my clients didn't accept it because they thought they could get more. It's been 4 months now and no other offers. Because they waited, and because the market has softened, they'll be lucky to get under contract within $30,000 of the first offer.
One other thing: FSBO's are a key marketing demo for realtors. Mainly because they don't sell. So when the listing is cancelled, realtors sweep in and offer up the bad news with the hope of getting the listing at a more realistic price. FSBO's beat you up pretty bad, so they turn back to a realtor just to get the damn thing sold.
All good info. Thanks.
Guess it doesn't matter if you're buying with or without an agent, since the seller is usually paying the fees. But, is there an advantage to buying without an agent, negotiate a lower purchase price?
My guess is that most people are going to see 400k with 2 agents vs 390k with 1 agent and not understand that the 390 is going to net them more.
