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FSBO review and advice please

Old 02-11-2019, 07:17 AM
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Default FSBO review and advice please

What about the various MLS listing companies... Would be willing to co-op with a buyer agent while retaining all sellers rights.

Zillow ad for your scrutiny and honest review.

https://www.zillow.com/homes/for_sal...m/?view=public
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Old 02-11-2019, 07:59 AM
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Originally Posted by hnmoss View Post
What about the various MLS listing companies... Would be willing to co-op with a buyer agent while retaining all sellers rights.

Zillow ad for your scrutiny and honest review.

https://www.zillow.com/homes/for_sal...m/?view=public
I dont know about FL but I know plenty of people that have paid a couple hundred bucks to get listed on a MLS in other states without issue

Nice prop

Can you get a drone/aerial shot?
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Old 02-11-2019, 08:56 AM
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Nice looking house. However, as a potential buyer of a $850K house I would probably be hesitant to deal with a FSBO. Potential buyers in that price range are going to be working with a buyers' agent. No one likes to leave money on the table but you are probably better off listing it with Redfin or another discount commission broker.
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Old 02-11-2019, 09:03 AM
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Originally Posted by gf View Post
Nice looking house. However, as a potential buyer of a $850K house I would probably be hesitant to deal with a FSBO. Potential buyers in that price range are going to be working with a buyers' agent. No one likes to leave money on the table but you are probably better off listing it with Redfin or another discount commission broker.
This 100% unless its below market value I'm not dealing with a owner.
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Old 02-11-2019, 09:14 AM
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Originally Posted by gf View Post
Nice looking house. However, as a potential buyer of a $850K house I would probably be hesitant to deal with a FSBO. Potential buyers in that price range are going to be working with a buyers' agent. No one likes to leave money on the table but you are probably better off listing it with Redfin or another discount commission broker.
Why? Can you please share some specifics? What do you get out of using a broker/agent? To me its just an extra middle-man. I loathe using when buying/selling boats/houses/etc.
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Old 02-11-2019, 09:41 AM
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Remove the captions in the photos.
BTW, absolutely beautiful home.
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Old 02-11-2019, 10:06 AM
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Originally Posted by mystery View Post
I don't know about FL but I know plenty of people that have paid a couple hundred bucks to get listed on a MLS in other states without issue

Nice prop

Can you get a drone/aerial shot?
Thanks for the feedback. There are lots of FSBO MLS posting sites. I was wondering if any were standouts based on THT experiences.

There are a couple drone shots in the mix... do you mean a high, straight down shot? There's a virtual tour of the homesite that is a drone video.
Not sure I understand what you are suggesting that isn't already there?
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Old 02-11-2019, 10:12 AM
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Maybe I missed it, but being on waterfront I would play up how much boat your property can accommodate, fixed bridges, and distance to inlet. Water and power to dock? Depth on your canal? Again if I missed any of this I apologize. As said, gorgeous home
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Old 02-11-2019, 10:15 AM
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Originally Posted by bikem View Post
This 100% unless its below market value I'm not dealing with a owner.
Originally Posted by gf View Post
Nice looking house. However, as a potential buyer of a $850K house I would probably be hesitant to deal with a FSBO. Potential buyers in that price range are going to be working with a buyers' agent. No one likes to leave money on the table but you are probably better off listing it with Redfin or another discount commission broker.
MLS listing would clearly state willing to co-op with a buyer's agent while retaining all sellers rights. Buyers will deal with their agent, their agent will deal with me. To the buyer, it's the same thing, except there's a bit more room to negotiate price. Don't see the concern or the downside. Please explain a bit, I want to understand this better.
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Old 02-11-2019, 10:17 AM
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Originally Posted by fishknut View Post
Maybe I missed it, but being on waterfront I would play up how much boatThanks your property can accommodate, fixed bridges, and distance to inlet. Water and power to dock? Depth on your canal? Again if I missed any of this I apologize. As said, gorgeous home
Thanks for the suggestion
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Old 02-11-2019, 10:21 AM
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Originally Posted by hnmoss View Post
MLS listing would clearly state willing to co-op with a buyer's agent while retaining all sellers rights. Buyers will deal with their agent, their agent will deal with me. To the buyer, it's the same thing, except there's a bit more room to negotiate price. Don't see the concern or the downside. Please explain a bit, I want to understand this better.
When I see FSBO, I generally see an owner who's too attached to their property and won't negotiate. Not saying I won't work with a seller directly (actually we made an offer to FSBO in December), but it's usually the last thing I'll offer on because my experience is FSBO tends to be unrealistic.
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Old 02-11-2019, 10:21 AM
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Originally Posted by Fish_DOut View Post
Remove the captions in the photos.
BTW, absolutely beautiful home.
Thanks for your input. Other thoughts on the captions? Leave 'em as is, change all or some, leave them out altogether?
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Old 02-11-2019, 10:35 AM
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Originally Posted by hnmoss View Post
Thanks for your input. Other thoughts on the captions? Leave 'em as is, change all or some, leave them out altogether?
Id do away them as well. Pictures are great, high quality, don’t think the caption ads anything and for some (like me) can be distracting.
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Old 02-11-2019, 10:41 AM
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Originally Posted by hnmoss View Post
MLS listing would clearly state willing to co-op with a buyer's agent while retaining all sellers rights. Buyers will deal with their agent, their agent will deal with me. To the buyer, it's the same thing, except there's a bit more room to negotiate price. Don't see the concern or the downside. Please explain a bit, I want to understand this better.
In my experience most sellers acting as their own agents have their property overpriced, don't want to budge and take things to personal. It cost me time and money to buy a home and I want you to have a agent to explain to you why my offer is what it is and give you advice on if its reasonable or not in the current market.
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Old 02-11-2019, 11:00 AM
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My personal FSBO experiences are simply based on not wanting to give away 5-7.5% of the sales price. When selling, I have offered buyer’s agents 2% and have closed deals on mutually agreeable prices.

As a buyer, one of the best home purchases I ever made was a FSBO.

The only thing you’re not getting when FSBO is the potential marketing you could get from a listing agent. If you pay to have it on the MLS, all agents see it....not that they will bring you a buyer...because they don’t want to deal with a FSBO.

Think about it....if you’re looking to buy a property, where do most people look? Zillow, right? Price is king. Make the right comps, make it a fair market price, it will sell.
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Old 02-11-2019, 11:19 AM
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Originally Posted by hnmoss View Post
MLS listing would clearly state willing to co-op with a buyer's agent while retaining all sellers rights. Buyers will deal with their agent, their agent will deal with me. To the buyer, it's the same thing, except there's a bit more room to negotiate price. Don't see the concern or the downside. Please explain a bit, I want to understand this better.

Because my hypothetical buyer's agent wants to deal with another agent not a FSBO; she's not even going to show me your house.

Even if you list on the MLS with an on-line service, if you're not represented by an agent then your house isn't going to be on the private broker open houses during the week and probably no broker is going to show your house to their client. It would be up to the client, perusing Realtor.com or Zillow to find your house and then make their agent aware of it.




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Old 02-11-2019, 11:31 AM
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I agree with getting an agent. I am looking in Naples FLA and I go to the brokers site. Last thing I will deal with is FSBO. I don’t have time for the due diligence I expect the broker to do. Zillow has listings that are really just owners throwing numbers out and if it hits they may take it. Broker protected may help but I just pass on it. I have to fly down and do a bunch of appointments in a short time so some owner who says he has his daughters scocer game and needs to reschedule is a nightmare. (You may not not that but lots of FSBO may)

Nice house but I think the comments about details on boating is on target. Also more info on Jacksonville for out of towners. They are a big chunk of the buyers for u.
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Old 02-11-2019, 11:35 AM
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Good ad. I would get it appraised or do some of your own digging. Plenty of homes are sold fsbo.
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Old 02-11-2019, 12:04 PM
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Beautiful home in a nice location, and the only thing I would add would be to have a few more photos of the secondary areas. Your photography is proper quality for the listing.

I also have a fsbo on Zillow. I offer 3% to buyers agents. As you know, you're receiving tons of calls from agents farming the listing. I tell those agents that they will make more commission now vs after I list it, which puzzles them. Since I've already been offered 5% total to list, the split is 2.5% and I'm paying 3. That usually ends the solicitation conversations.

Your state likely has a standard real estate contract. Get that. Contact a title agency to hold escrow funds. A decent home warranty is about $600. Figure that in your pricing, include it, and advertise it. Get your disclosure document in order.
Good luck!
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Old 02-11-2019, 12:06 PM
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I did a ton of analytical work and ended up selling my house FSBO. Hired a photographer, priced it at the high end of the range I thought it would sell for. This was a couple of years ago and it sold to someone who looked at it the same day it went live. They were working with a Realtor who happened to be a friend of mine. I was happy to pay the 3%.
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