Unless you truly do the job of a selling Realtor, the sole agent is going to want some additional compensation for being the intermediary. Not you specifically of course, but people talk about saying they will be their "own" selling agents but don't really know what they're doing and the other agent or buyer has to pick up the slack. From that perspective I can understand why there is some aversion to FSBO; it may be borne out with success rates. I don't know for certain but it could be buyer agents have been continually frustrated with "fringe" FSBOs and find it a very low chance of success of making a deal. Why would they waste their times on that unless they know they have a shot at making a sale?nobody wanted to show the property as the commission was negotiated down
... so you were asking below the "assessed value" and $100,000 belowWhen i did my FSBO ad i said i was willing to negotiate the commission to a realtor. Then when i did list the property with a realtor was when nobody wanted to show the property as the commission was negotiated down . I listed below the assessment value so the price was not way out of the market i was at $100,000 below the next listing of $415,000 for a newer home just up the road. I am still going to try and sell again in the spring but the market in the beautiful Kootenays seems to be very slow.
This. Give me a break. I have shown plenty of FSBO's to clients. It's also not surprising how many FSBO's are overpriced. Lofty expectations is the culprit.Only the Seller is allowed to be greedy, and then complain when his/her house doesn't sell.
Steady on Whippy, don't get too "intense"....sorry Barry but you realtors are too greedy.
Only the Seller is allowed to be greedy, and then complain when his/her house doesn't sell.
FWIW, after briefly toying with the idea of FSBO I used a realtor for my last sale and it paid off handsomely. I thought I had a good understanding of using comparables to determine a price that would be near the top of the range I should be in yet still ensure a reasonably prompt sale.This. Give me a break. I have shown plenty of FSBO's to clients. It's also not surprising how many FSBO's are overpriced. Lofty expectations is the culprit.Only the Seller is allowed to be greedy, and then complain when his/her house doesn't sell.
Let's face it. It's also about ego. Some people don't think the Realtor is worth the commission. Fine. Don't pay it. But I find it hilarious when I tell a FSBO I'll 'net' them their price and tack my commission on top, and they still refuse. Why? EGO.
Work with a buyer for a year or two, with all that it entails, and then not be compensated when they finally buy?? Sure. No problem.
so...you are saying that you sold real estate and didn't go "underwater", and your realtor actually worked to your benefit?Fortunately the realtor persuaded me to price it a lot higher, he brought well qualified traffic to the property and quickly sold it for substantially more than I expected.
As tom points out, FSBOs seem to have chips on their shoulders from a perception, or a past a bad experience, of a Realtor not delivering the "optimal" result. In the end it's more a stand of principle but from what I've seen not one based on maximizing return.then not be compensated when they finally buy