We put our house on the market a little over 1 month ago. We got it listed in the MLS through a flat-fee broker, who basically just put it there and gave us a sign (though we used our own FSBO sign instead.) For the first two weeks, we had about 10 showings where buyers agents would bring their clients through. We had 1 or 2 FSBO showings. However, beginning the weekend before the 4th we have not had one single showing! This past week we've even listed the house in 4 local newspapers and on several websites. Still NO showings.
Is this normal? Is it the time of year? Is it because it's a FSBO? Do realtors shy away from FSBOs even if they are listed in the MLS and the seller pays 3% commission?
2006-07-22 18:36:11 · 4 answers · asked by MountainChick 3 in Business & Finance ➔ Renting & Real Estate
Two important factors in getting to show your home are curb appeal, and pricing.
If the curb appeal is lacking, chances are most folks will pass, or if the neighborhood has a few homes that look like a war zone, it will hurt your showings.
If the price is out of the market, curb appeal will not help.
You can go to zillow.com, type in your address, and you will get a satellite picture with the prices on the homes around you.
The market has slowed and will be slow until Oct., Nov. However you may want to consider a full listing with an aggressive Realtor.
FSBO listings only save you money if someone buys.
A full service Realtor will average selling your home for 6%-8% higher than a FSBO listing, and eliminates a lot of your headaches.
Remember even as a FSBO, a potential buyer will usually offer 3% less than your listed price, so how much will you really save?
In a hot market, you would have sold it by now. In a cool market a professional is worth every cent.
2006-07-22 19:46:40 · answer #1 · answered by Nick R 3 · 1⤊ 0⤋
FSBO deals are the most difficult to do, therefore I avoid them like the plague. I wind up doing all the work and for half the pay. I tell buyers that the sellers are trying to save the money it costs to properly market and sell a home, so you too need to reduce your offering to get the same benefit. 80% of real estate is sold with brokers involved. 5% is successfully sold FSBO. The balance is builders or relo services selling captive properties.
I can have a top real estate broker in your market visit you for an evaluation if you have an interest. The cost of not selling is usually greater than selling with a broker. If you needed brain surgery, would you hire the one with 5% success rate or somebody with a higher rate of 80%? Think about it.
2006-07-23 01:52:01 · answer #2 · answered by hithere2ya 5 · 0⤊ 0⤋
One thing houses are sitting longer on the market, another many more houses for sale so you have to take a look to see is your house priced the same as other houses in the area if so then why pick yours over another?
The curb appeal is a big deal how does your house show looks outside, what about the inside?
Another while you are offering 3% to buyer's agent they may not want to show it because for that 3% they will have to do all the work unlike working with a seller's agent who does lot of the work before closing
In the end it's price
2006-07-23 08:38:15 · answer #3 · answered by goz1111 7 · 0⤊ 0⤋
MLS owns the market...there is almost no way your house will get shown by a mls agent unless they know they will get full commission. My method is to go though my ex husband, he is an agent and is giving me a great discount!...lol
2006-07-23 03:43:32 · answer #4 · answered by treasureisland85 3 · 0⤊ 0⤋