Monday, October 09, 2006

For Sale by Owner

I don't have anything against For Sale by Owner's. If a seller feels confident in the real estate process, is willing to market their home, and is willing to work with REALTORS, I think FSBO can be a viable option for many people. However, I do have a bone to pick with some of you For Sale by Owner's out there. (Its an - I care about you - I want to see you succeed - bone)

First, REALTORS aren't the devil. I know many of you get more phone calls from REALTORS then you do buyers, but not all REALTORS are out to screw you out of your equity. Many REALTORS genuinely care about helping you sell your house. Don't shut us all out right away.

Second, before you decide to list For Sale by Owner make sure you understand the Real Estate process. Many REALTORS become frustrated with FSBOs and even won't work with FSBOs because they are afraid of the legal ramifications of improper paperwork. You don't have to be a genius to figure out purchase and sale agreements and other real estate paperwork (Heck, they gave me my real estate license), you just have to be willing to do some research. Remember, if you list FSBO, don't expect the Buyer's Agent to do your paperwork, you have to take responsibility for your own forms.

Third, be available. If you are advertising your own home, make sure people can reach you for questions. There have been many times where I have contacted owners of FSBO's where no one answers the phone and I don't get a call back. People can't see your home if they can't get a hold of you. If they can't see your home, they can't buy your home.

This advice is not meant to be mean-spirited or anti-fizzbo. I love the fact that some sellers take the initiative to make things happen themselves. However, as a REALTOR, I see these mistakes made often, and I believe it hinders For Sale by Owner's from selling their home.

1 comment:

Omar Cruz said...

I like this blog is fantastic, is really good written. Congratulation. Do you want to see something more? Read it...: Great investment opportunity in Costa Rica: real estate for sale by owner, rci jaco lodging, rci jaco lodging. Visit us for more info at: http://www.jaco-bay.com/