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Rather than hiring the services of professional real estate agents or brokers, these motivated owners adopt the role themselves, designating their homes "For Sale by Owner." FSBO has advantages when compared to conventional home-selling, but there are drawbacks to the approach, which may outweigh the benefits for some sellers.
8 Reasons Most FSBOs End Up Hiring An Agent Whether you’ve lived in your home for a few months or a few decades, you probably feel you know it best. But that doesn’t mean you’re the most qualified person for the job when the time comes to sell it.
In today’s real estate market homes are selling fairly quick, so it makes sense that Mr. Homeowner would think he can do it on his own without hriing a Real Estate agent. 85% of all FSBO’s end up listing with a Real Estate agent, so calling these people, mailing to them, and providing education is key to getting the Listing Appointment.
I am curious if anybody has really tracked the numbers in their own market as to how many FSBO’s actually end up listing with an agent, are sold as FSBO, get taken down, etc. It seems like everybody says that they try out the FSBO for a month and then it doesn’t sell so they list with an agent.
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Typically, the buyer’s agent and seller’s agent will split the 6 percent agent’s commission in a regular transaction. However, many buyer’s agents are reluctant to get involved in a FSBO transaction because it means they end up doing all the work the seller’s agent would normally do and still only get the same 3 percent commission.
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