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FSBO nets more money than a realtor
Old 06-18-2007, 11:15 AM   #1
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FSBO nets more money than a realtor

"For sale by owner" web sites can generate higher prices than Realtors

As usual, an imperfect study that doesnt clearly identify some correlative and causative factors, but its interesting.

In short, in the same market and adjusting for a number of conditions, FSBO sellers netted a sales price several thousand dollars higher AND didnt pay the agent fees to boot.

Excluding specialty and unique properties, i'm still not sure why I'd pay the same or extra to buy a house from an amateur with emotional involvement.
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Old 06-18-2007, 12:15 PM   #2
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[quote=cute fuzzy bunny;527061....

Excluding specialty and unique properties, i'm still not sure why I'd pay the same or extra to buy a house from an amateur with emotional involvement.[/quote]

Because I'm good enough, I'm smart enough, and, doggonit, people like me!
Stuart Smalley, FSBO seller
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Old 06-18-2007, 01:14 PM   #3
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Originally Posted by cute fuzzy bunny View Post
Excluding specialty and unique properties, i'm still not sure why I'd pay the same or extra to buy a house from an amateur with emotional involvement.
"Hey, you can see the place's potential for yourself, write up an offer if you're interested, we're accepting the first full-price one we get. If you have any questions we'll be sitting in the kitchen talking to the rest of the buyers."

Seller jiujitsu.

Some amateurs are more professional than others, and they're more emotionally involved with cash than with a depreciating structure...

Aside from the dreaded "data adjustments", I think one of the important factors in the study is that FSBOs tend to thrive in hot markets and to seek professional help in cold markets. So FSBO results are biased by the fact that everyone is making a killing.
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Old 06-18-2007, 01:31 PM   #4
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Originally Posted by cute fuzzy bunny View Post
"For sale by owner" web sites can generate higher prices than Realtors

As usual, an imperfect study that doesnt clearly identify some correlative and causative factors, but its interesting.

In short, in the same market and adjusting for a number of conditions, FSBO sellers netted a sales price several thousand dollars higher AND didnt pay the agent fees to boot.

Excluding specialty and unique properties, i'm still not sure why I'd pay the same or extra to buy a house from an amateur with emotional involvement.
Typical "statistics lie" propaganda..........

The "For Sale by Owner" signs in my neighborhood all need new paint and lettering.........

it depends on YOUR area.........
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