DISQUS

The Phoenix Real Estate Guy: Going FSBO? Here’s One Way to Waste Your Time and Effort

  • Matthew Collinge · 1 year ago
    Terrible Trees {seesmic_video:{"url_thumbnail":{"value":"http://t.seesmic.com/thumbnail/WtZj9q8Mx0_th1.jpg"}"title":{"value":"Terrible Trees "}"videoUri":{"value":"http://www.seesmic.com/video/eI8EaTw7Kk"}}}

    <abbr></abbr><abbr>Matthew Collinge´s last blog post..Vancouver Halloween Traditions: The Pumpkin Patch</abbr>
  • Marvin Jensen · 1 year ago
    Amen!!
  • Jayson @ New Homes for Sale · 1 year ago
    Nice post Jay - I love that you're always honest. I agree, if you have the time and can do it well, why would you pay someone to do it for you? However, selling real estate is NOT easy and a good agent can get more for a home and sell it faster than 99% (just a guess) of the owners out there. Not to mention the headache of marketing and selling the home... and the papers etc... yeesh!

    It's even more important, in my opinion, to enlist a good agent if you've already purchased a home - what if you have to start making the payments for both homes? It's a matter of a few months before you eat up any agent fees, and then if you decide to enlist an agent, now you've lost more money and will likely have to pay a few more mortgage payments. Did I mention that you've already spent money on marketing the home? It could end up being a classic story of "I should have had it done right the first time".
  • Gregory Bain · 1 year ago
    Jay, I'm a spammer. I can't help myself. I know it's in the MLS - but, when I gave my listing presentation, I told the homeowner about all the wonderful people I have worked with that will be getting a special notice from me about their house. And, I know I haven't worked with you; but, I'd like too! I normally only send out those email greeting cards when I hold an open house and invite people who live on the other side of the world - the postage is free and they never stop by to eat the food. Cheap date.
    I think of it as eharmony, or, match.com - sure the girl wants the guy with brains, muscles, and money. But, sometimes I only have a picture of a street sign or a tree and cactus. No brians, muscle, or money. I'm doing the best I can with what God gave me to work with. Keep me in your prays.
  • Tommi · 1 year ago
    Good post, Jay and thanks for the honesty. You are right. There are a lot of houses to sell.

    If someone wants or needs to sell their home by owner, please recommend Infotube.net as a resource they may want to use. InfoTube.net, owned by the company that makes InfoTubes and InfoBoxes, runs a Free for sale or for rent website where anyone can post a property listing. The also provide free legal forums, a real estate marketing forum, great blog and some more cool stuff.

    So, if you know of someone who wants to try to sell their own home, please tell them about InfoTube.net. They will remember and appreciate you, if they decide to list later.
  • David · 1 year ago
    Sellers looking to sell their homes "by owner" are only going to succeed in this market if they're willing to sell under the market. If you're a seller, and you're looking to sell for top dollar in a very difficult market, FSBO isn't the way to accomplish this. Good post phoenixguy.
  • Monika · 1 year ago
    I've had 2 recent sales with unrepresented sellers. They were both "entry only" mls listed and all my dealings were direct with the sellers. I was the buyers agent both times and both transactions were extremely painful. I advised the sellers to contact an attorney for contract help from the get go...they never did. Both sales closed but I felt like I was pretty well abused by the sellers who alternately blamed me for bringing them such low offers, which they accepted and then used me as a life line throughout the whole process. Not fun! I think ultimately those sellers lost out because they had no one representing them...legally I could not.

    <abbr></abbr><abbr>Monika´s last blog post..Atkinson NH Trick or Treat</abbr>
  • Buettnerj · 1 year ago
    I love the people who send those emails. I always read them just for a good laugh or two. ahahahahahahahahah

    <abbr></abbr><abbr>Jeffrey Buettner´s last blog post..Random Non Real Estate Fact</abbr>
  • Property Qwest Blog - Real Es · 1 year ago
    Hi Jay,

    This email was actually an ingenious marketing piece until you had to go and ruin the beauty in its simplicity by blocking out the MLS number and the author!

    Shame on you, this marketing piece had potential!

    <abbr></abbr><abbr>Property Qwest Blog - Real Estate News and Housing Data´s last blog post..Foreclosure Capitals: Is Your City Next?</abbr>
  • Linsey@ OC Real Estate Voice · 1 year ago
    Oh boy! Hello! Come on people. I just don't get it and yet I must delete a dozen of that spam a day. This post begs to be linked to. Stay tuned.

    <abbr></abbr><abbr>Linsey´s last blog post..Maybe the Solution Isn’t a $700 Billion Bailout</abbr>
  • Marianne · 1 year ago
    I always delete "those" emails, as well as the ones sent by realtors that do include photos! If my client's are interested in the property, I'll find it for them on the MLS. However, I do want to hear about collegues listings, but only because I'm interested in them, not because I think I'll have a buyer for it. And if you really want my attention on your listings, tell me about it, don't just send an email.

    What really kills me, is getting emails for homes that are in areas that I don't sell in. I live in Colorado Springs, and Denver agents send me info on their listings. I could sell up there, but it would be foolish. I don't know their market! And if I had a client that was interested in that area, I'd send them to a realtor in that area; one that would give me a nice referral. So, perhaps they should be sending me info on how much they give for referrals.

    <abbr></abbr><abbr>Marianne´s last blog post..Home Organization Tips</abbr>
  • Edge@The Foreclosure and Credi · 1 year ago
    Hah, that's classic!

    On the plus side though, at least you can breathe a sigh of relief when these sellers only have THEMSELVES to argue what "market price" is, rather than forcing an agent to waste time that could be better spent yelling at a wall or something :)

    That's assuming of course that they'd ever realize it was price that was the problem and still remain unable to find a reason to blame a nearby agent.

    Can't help the stupid.

    <abbr></abbr><abbr>Edge´s last blog post..Property Taxes Going Up, MythBusters, Central Banks, and How Our Inflation Compares To Japan</abbr>
  • Elaine Reese · 1 year ago
    I received an email once from a FSBO who did actually go into detail about the home. He said he was willing to co-op, and really hoped I had a buyer for his beautiful home. The tone was totally "suck-up" until I read the last paragraph: "Please, NO realtor calls to list my home!"

    OK ......... DELETE!

    <abbr></abbr><abbr>Elaine Reese´s last blog post..Happy Hallo-wiener!</abbr>
  • Tina Fountain@Atlanta Real Est · 1 year ago
    Now you can look forward to the day he drops the price and you get the "Just Reduced" email!

    <abbr></abbr><abbr>Tina Fountain´s last blog post..Cobb County Luxury Homes</abbr>
  • George · 1 year ago
    I wouldn't buy it without the fruit trees if they were cut down ;-?
  • Ned@BaltimoreRealEstateInvesti · 1 year ago
    As an investor I regularly see similar things listed on investor websites with no name, no phone number, no price, no mention of condition of the property. I just laugh. How do they expect to sell these things.

    <abbr></abbr><abbr>Ned´s last blog post..Lessons from Warren Buffett on Real Estate</abbr>
  • Jonathan Blackwell · 1 year ago
    Lenders hate FSBO as well. Some of them are have special appraisal requirements for FSBO homes. Don't be cheap, list the home wiith an actual living breathing agent please.