Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

First time FSBO, who do I need to hire?

Notices

First time FSBO, who do I need to hire?

Old 05-08-2021, 03:52 PM
  #21  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2016
Posts: 3,975
Received 3,691 Likes on 1,679 Posts
Default

If you owned a camera store and a customer came in taking your time to go over the cameras and features then walked out the door and bought one on Amazon what would you think?

You kinda did the same thing to the agent.
Old 05-08-2021, 04:23 PM
  #22  
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
 
Join Date: Apr 2001
Location: East Central Florida
Posts: 7,202
Received 1,849 Likes on 895 Posts
Default

Originally Posted by Lorne Greene View Post
If you owned a camera store and a customer came in taking your time to go over the cameras and features then walked out the door and bought one on Amazon what would you think?

You kinda did the same thing to the agent.
There are no comps for my property and she was struggling to come up with a FMV even after consultation with her appraiser. I suggested to establish a FMV for just the house WITHOUT the detached garage/workshop (easy enough even for me since there are a couple great comps from my subdivision that were less than 30 days old), then calculate the current approx cost to build the detached garage/workshop, and then take 50% of that current cost to add to the overall FMV.

She came up with exactly the same FMV as I did using that methodology. She and her appraiser agreed it was a reasonable methodology given the complete lack of decent comps.

When the house was appraised last year because of my divorce the appraiser took forever trying to come up with comps and he admitted the ones he used were not good. At that time I was talking to a different broker/realtor and he could not find any decent comps either.

And I may end up using her to list it anyway once it's ready.
Old 05-08-2021, 04:36 PM
  #23  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2017
Posts: 3,154
Received 2,560 Likes on 1,410 Posts
Default

Very tempting being so close to my shop! My boat won't fit through the door
Old 05-08-2021, 04:40 PM
  #24  
Senior Member
 
Join Date: Feb 2019
Location: Delray Beach, FL
Posts: 199
Received 47 Likes on 29 Posts
Default

Originally Posted by Onewolf View Post
There are no comps for my property and she was struggling to come up with a FMV even after consultation with her appraiser. I suggested to establish a FMV for just the house WITHOUT the detached garage/workshop (easy enough even for me since there are a couple great comps from my subdivision that were less than 30 days old), then calculate the current approx cost to build the detached garage/workshop, and then take 50% of that current cost to add to the overall FMV.

She came up with exactly the same FMV as I did using that methodology. She and her appraiser agreed it was a reasonable methodology given the complete lack of decent comps.

When the house was appraised last year because of my divorce the appraiser took forever trying to come up with comps and he admitted the ones he used were not good. At that time I was talking to a different broker/realtor and he could not find any decent comps either.

And I may end up using her to list it anyway once it's ready.
Your house has a FMV of $653,397 I know this by just looking at your pictures JK....I googled it and see Zillow has that estimate and to be honest they are pretty close in the ballpark range from my experience.....however....with the market being as hot as it is now I would add $40-$50K on top of that. In your case I would list it in low $690's https://www.zillow.com/homedetails/5...47700100_zpid/
Old 05-08-2021, 05:05 PM
  #25  
Senior MemberCaptains Club Member
 
Join Date: Jan 2004
Location: Pittsburgh, Pennsyltucky
Posts: 7,576
Received 1,639 Likes on 771 Posts
Default

Originally Posted by TonyStark View Post
Just get a flat fee realtor to place it on the MLS and be prepared to show it yourself. If you find someone that wants to deal, get a good RE attorney to do the paperwork. As long as there isn't something funky with the title / land, etc. it should be easy.
You don't need a realtor to put your listing on the MLS. Just use this service: Sell Your Home | List on MLS for free with USRealty.com

And you'll need a real estate attorney.
Old 05-08-2021, 05:07 PM
  #26  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2016
Posts: 606
Likes: 0
Received 373 Likes on 250 Posts
Default

For those doing FSBO, what happens if you tell "buyers agent" NOPE, not paying 3% thanks but no thanks.
Old 05-08-2021, 05:09 PM
  #27  
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
 
Join Date: Apr 2001
Location: East Central Florida
Posts: 7,202
Received 1,849 Likes on 895 Posts
Default

Originally Posted by johnny.dollar View Post
For those doing FSBO, what happens if you tell "buyers agent" NOPE, not paying 3% thanks but no thanks.
EIther they agree to a lower % or they move on? Is this a trick question?
Old 05-08-2021, 05:13 PM
  #28  
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
 
Join Date: Apr 2001
Location: East Central Florida
Posts: 7,202
Received 1,849 Likes on 895 Posts
Default

Originally Posted by Vantaredoc View Post
Very tempting being so close to my shop! My boat won't fit through the door
I would say install a taller door , but there are 2 issues: the ceiling in the detached garage is 10'4" - 10' 8", the garage door headers are about 2 1/2 feet of solid concrete lintel and poured concrete. Where there's a will, there's a way!
Old 05-08-2021, 05:19 PM
  #29  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2017
Posts: 3,154
Received 2,560 Likes on 1,410 Posts
Default

Originally Posted by Onewolf View Post
I would say install a taller door , but there are 2 issues: the ceiling in the detached garage is 10'4" - 10' 8", the garage door headers are about 2 1/2 feet of solid concrete lintel and poured concrete. Where there's a will, there's a way!
I saw that. My shop doors are 14' tall and I have 10" of clearance between bottom of door and top of my radar.
Old 05-08-2021, 05:25 PM
  #30  
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
 
Join Date: Apr 2001
Location: East Central Florida
Posts: 7,202
Received 1,849 Likes on 895 Posts
Default

Originally Posted by Vantaredoc View Post
I saw that. My shop doors are 14' tall and I have 10" of clearance between bottom of door and top of my radar.
As a bonus you can fit a 45ft bus in the driveway between the house and the detached garage and there's a sewer clean-out in the driveway (conveniently right where it needs to be) for when the shitter is full!!
Old 05-08-2021, 05:34 PM
  #31  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2016
Posts: 606
Likes: 0
Received 373 Likes on 250 Posts
Default

Originally Posted by Onewolf View Post
EIther they agree to a lower % or they move on? Is this a trick question?
No trick, legit question. Got a house doing FSBO AS-IS. Priced to move due to need of updating/renovations. Don't see a reason to pay 3% to somebody that doesn't do anything when the phone is already ringing off the hook. Am I wrong?
Old 05-08-2021, 08:07 PM
  #32  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2017
Posts: 3,154
Received 2,560 Likes on 1,410 Posts
Default

Originally Posted by Onewolf View Post
As a bonus you can fit a 45ft bus in the driveway between the house and the detached garage and there's a sewer clean-out in the driveway (conveniently right where it needs to be) for when the shitter is full!!
Do you know what high school and middle school kids in the area attend? Are there restrictions on bus in driveway?
Old 05-08-2021, 08:20 PM
  #33  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2017
Posts: 33
Received 13 Likes on 12 Posts
Default

I’m an appraiser, only disclosing that so the rest makes sense. To touch on your pricing regarding Zillow. A) Zillow can be very close and very far off, especially in a non cookie cutter situation. B) I got an order yesterday of a house under contract for $440k. I pulled it up on realtor.com and all 3 valuation models they had were in the upper $300s. - right now statistics can’t keep up with the market C) kinda bush league to go through consultation with a realtor and appraiser then stick a FSBO sign in the yard. D) I do listing appraisals all the time. You can obviously pick your appraiser for one. I’ve seen people over pay and under pay by serious amounts of money because one party was uninformed. A $450 report from a good appraiser is good peace of mind and good ammo to present to prospective buyers.

By no means trying to lobby my profession. Would just hate for you to list for $650, contract at $665 and the buyers appraisal comes back at $690.
Old 05-09-2021, 05:13 AM
  #34  
Senior MemberCaptains Club MemberPLEDGER
Thread Starter
 
Join Date: Apr 2001
Location: East Central Florida
Posts: 7,202
Received 1,849 Likes on 895 Posts
Default

Originally Posted by Vantaredoc View Post
Do you know what high school and middle school kids in the area attend? Are there restrictions on bus in driveway?
Seems like the kids mostly go to Lake Mary HS or Seminole. I've never paid attention to how that choice is made.
Old 05-09-2021, 05:28 AM
  #35  
Admirals Club Admiral's Club Member
 
Join Date: Oct 2010
Location: Florida Panhandle
Posts: 4,021
Received 329 Likes on 207 Posts
Default

One strategy in this market depending on how quickly you want it gone is to price way high as fsbo (not on mls) and see what happens. If the market is good enough, you’ll get plenty of feedback from buyers and realtors within a week or two on interest and value. Not to trash realtors and/or appraisers but no one really knows true values when there are little to no comps on a house as nice as yours. There’s a house down the street from us pending that is absolutely priced $25k under market.... it is realtor listed.
Old 05-09-2021, 05:36 AM
  #36  
Admirals Club Admiral's Club Member
 
1rider's Avatar
 
Join Date: Apr 2009
Location: Gloucester, Ma.
Posts: 1,048
Received 35 Likes on 26 Posts
Default

Seems we need a new section added to the Trading Dock.
Old 05-09-2021, 08:18 AM
  #37  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2009
Location: Cape Coral, FL
Posts: 1,464
Likes: 0
Received 89 Likes on 61 Posts
Default

Just sold my house in the Keys to the first buyer from listing on Zillow, 2 days on the market.. Title company did the closing.
The sales price was $300K over the Zillow valuation! Also had a back up for more money and other buyers wanting to see the house. Appraisal was a struggle due to the buyer choosing to use a Miami appraiser instead of a Keys appraiser.
The Zillow model does not take into consideration many things with a custom house.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.