Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-30-2021, 06:58 AM
 
Location: Cary, NC
43,311 posts, read 77,154,614 times
Reputation: 45664

Advertisements

Quote:
Originally Posted by wamer27 View Post
This is a real listing?? Wow, these people are idiots! If they can’t even post pictures, I want nothing to do with them. The one house pic is terrible.



It is Craigslist, not MLS. Although, some MLS listings are not a lot better. But, at least pro photos have become the standard here, and most listing agents using a pro.
Reply With Quote Quick reply to this message

 
Old 06-30-2021, 07:36 AM
 
3,227 posts, read 1,607,987 times
Reputation: 2888
Quote:
Originally Posted by MikeJaquish View Post
Gotta know who to contact for showings, offers, negotiations, inspections, confirmation of buyer agent brokerage commissions, etc. When the listing agent is not the contact, when it is all the seller, it is clearly a FSBO.
And, many FSBO sellers use "For Sale By Owner" signs and sites.

There's no reason to conceal who is handling the transaction.
I’m not saying conceal who to contact, just wondering why any distinction is made.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 07:47 AM
 
Location: Cary, NC
43,311 posts, read 77,154,614 times
Reputation: 45664
Quote:
Originally Posted by Ken_N View Post
I’m not saying conceal who to contact, just wondering why any distinction is made.

The distinction is almost always made by sellers, but just also becomes crystal clear when the contact facts are communicated.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 08:33 AM
 
10,609 posts, read 5,655,496 times
Reputation: 18905
Here are two relevant anecdotes.

Anecdote #1. About 3 years ago, I decided to sell my vacation home in Park City, a ski resort town; I was upgrading to a larger home (in contract). The home I was selling was in a very desirable family-friendly neighborhood, with easy access to the freeway to get to Salt Lake City. I put a note on the local Nextdoor that said, "I plan to sell my home this coming summer as I'm moving to the other side of town. In the interim, if you have any friends/relatives who are contemplating moving to this area, let me know." Within 24 hours, I had 50 people contact me, and probably 10 of them were real estate agents with qualified clients, including one who said her client would hop on a plane to arrive that night if I'd show it the following morning. Ultimately, I sold the house FSBO without an agent to a local buyer who also had no agent. The transaction itself was fine.

Anecdote #2. About 6 years ago, I sold a temporary home in Las Vegas as my custom home was ready for me to move in. It was a home in a desirable guard-gated community with a resort-style clubhouse/pool. I listed with a discount broker - the kind who lists it on MLS for 1%. The only activity I got was a low-ball offer from an investor who wanted me to take back a large 2nd mortgage, which I declined. After about 3 months, I terminated that listing agent, and listed with a well-regarded local full-price/full-service real estate agent. The house sold within 3 days.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 01:49 PM
 
Location: Fort Lauderdale, Florida
11,936 posts, read 13,116,607 times
Reputation: 27078


No, agents don't blackball FSBOs.

What a good agent WILL do is steer my client clear of a PIA listing and owner.

You can spot them a mile away.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 02:34 PM
 
6,026 posts, read 3,745,017 times
Reputation: 17126
Quote:
Originally Posted by RationalExpectations View Post
Here are two relevant anecdotes.

Anecdote #1. About 3 years ago, I decided to sell my vacation home in Park City, a ski resort town; I was upgrading to a larger home (in contract). The home I was selling was in a very desirable family-friendly neighborhood, with easy access to the freeway to get to Salt Lake City. I put a note on the local Nextdoor that said, "I plan to sell my home this coming summer as I'm moving to the other side of town. In the interim, if you have any friends/relatives who are contemplating moving to this area, let me know." Within 24 hours, I had 50 people contact me, and probably 10 of them were real estate agents with qualified clients, including one who said her client would hop on a plane to arrive that night if I'd show it the following morning. Ultimately, I sold the house FSBO without an agent to a local buyer who also had no agent. The transaction itself was fine.

Anecdote #2. About 6 years ago, I sold a temporary home in Las Vegas as my custom home was ready for me to move in. It was a home in a desirable guard-gated community with a resort-style clubhouse/pool. I listed with a discount broker - the kind who lists it on MLS for 1%. The only activity I got was a low-ball offer from an investor who wanted me to take back a large 2nd mortgage, which I declined. After about 3 months, I terminated that listing agent, and listed with a well-regarded local full-price/full-service real estate agent. The house sold within 3 days.
Same listing price as before?
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 02:42 PM
 
Location: California
6,421 posts, read 7,672,937 times
Reputation: 13965
Default Keep your own equity in your own pocket!

Quote:
Originally Posted by Izzie1213 View Post
RE agents definitely blackball FSBO. My sister experienced it. Was told by a friend of a friend who is a RE. They will steer any FSBO properties their clients have seen and even go as far to lie about the property. That is very common practice she was told. Even if they would get the same commission from a FSBO deal.

My sister also experienced harassment and threats to be sued by a Realtor. Was sent a cease and desist letter by my sisters lawyer who she hired to do the sale.
Exactly. However, things have been changing because so much more available online so many of them are starting to panic. Yes, they do steer buyers away from FSBO, but who would want to do business with commissioned sales person who resort to that nonsense? We have bought and sold without a commissioned salesperson and the entire process went very smoothly without their feeding frenzy.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 02:51 PM
 
Location: Cary, NC
43,311 posts, read 77,154,614 times
Reputation: 45664
Quote:
Originally Posted by Heidi60 View Post
Exactly. However, things have been changing because so much more available online so many of them are starting to panic. Yes, they do steer buyers away from FSBO, but who would want to do business with commissioned sales person who resort to that nonsense? We have bought and sold without a commissioned salesperson and the entire process went very smoothly without their feeding frenzy.

I was worried about you, Heidi. Glad to see you are merely slow to troll with a classic Heidi copy/paste, but still kicking.

Don't lie about what agents do. And, if you actually had any real estate experience, you would know a great many buyers who have bumped into inept FSBO sellers avoid them due to bad experiences.
Reply With Quote Quick reply to this message
 
Old 06-30-2021, 03:01 PM
 
Location: Cary, NC
43,311 posts, read 77,154,614 times
Reputation: 45664
Quote:
Originally Posted by RationalExpectations View Post
Here are two relevant anecdotes.

Anecdote #1. About 3 years ago, I decided to sell my vacation home in Park City, a ski resort town; I was upgrading to a larger home (in contract). The home I was selling was in a very desirable family-friendly neighborhood, with easy access to the freeway to get to Salt Lake City. I put a note on the local Nextdoor that said, "I plan to sell my home this coming summer as I'm moving to the other side of town. In the interim, if you have any friends/relatives who are contemplating moving to this area, let me know." Within 24 hours, I had 50 people contact me, and probably 10 of them were real estate agents with qualified clients, including one who said her client would hop on a plane to arrive that night if I'd show it the following morning. Ultimately, I sold the house FSBO without an agent to a local buyer who also had no agent. The transaction itself was fine.

Many are. Maybe most. The percentage of failures is hard to gauge.





Quote:
Originally Posted by RationalExpectations View Post
Anecdote #2. About 6 years ago, I sold a temporary home in Las Vegas as my custom home was ready for me to move in. It was a home in a desirable guard-gated community with a resort-style clubhouse/pool. I listed with a discount broker - the kind who lists it on MLS for 1%. The only activity I got was a low-ball offer from an investor who wanted me to take back a large 2nd mortgage, which I declined. After about 3 months, I terminated that listing agent, and listed with a well-regarded local full-price/full-service real estate agent. The house sold within 3 days.



Same price and same buyers agent co-broke in both listings?
Reply With Quote Quick reply to this message
 
Old 07-01-2021, 04:37 AM
 
8,005 posts, read 7,229,238 times
Reputation: 18170
Quote:
Originally Posted by MikeJaquish View Post
Many are. Maybe most. The percentage of failures is hard to gauge.

Same price and same buyers agent co-broke in both listings?
Asking the pertinent questions usually ruins a good story.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads

All times are GMT -6. The time now is 08:11 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top