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I have no issue with showing FSBO or flat fee listings.
This assumes, the seller responds to the call/message and finds it convenient to be shown.
I have yet to close one because such homes tend not to be competitive and thus sell the competition.
I keep meaning to have a second set of business card made for such appointments with only my office number. I cannot tell you how many Flat Fee sellers stalk me after a showing for feedback as late as 11:00 P.M. and as early as 7:00 AM. There have been a few, who have become outright nasty because the showing did not result in an offer.
While I can certainly appreciate their frustration, it's their belief that their asking price somehow determines what someone is going to pay for their home that must be overcome.
On problems when there's a buyer agent representing buyer and the seller doing a FSBO, I assume you would have an attorney to handle everything on your end?
Absolutely.
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The challenge I've had with FSBO's is that sometimes the seller doesn't have all of their ducks in a row (I'm not directing that at you, so please don't take me wrong),
This would be my first experience doing this, so I do fear not being properly prepared, which is why there is no way I would do this w/o a RE attorney.
On the other hand, I have learned from others mistakes, and I'm pretty aware of the pitfalls that some of the others have alluded to. But when you do something for the first time, there is always the danger of screwing something up. But then if you don't ever try, you never end up learning for yourself.
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but when I've dealt with situations like that sometimes it really turned into a nightmare for everyone - both buyer and seller. So IF you're doing a FSBO, have a good RE attorney who can handle things for you, and if limited broker situation that they'll do the same thing to make it an easy process for both you and the buyers. Good luck!
So, the answer is, yes, I'll show a FSBO and I'll show a limited representation listing (which are two entirely different beasts, by the way, if you have limited representation, even if it's just to get the listing on the MLS, you have representation as far as the buyer's agent is concerned and that severely restricts their interactions with you legally).
I don't follow what you mean here. With the bare bones MLS type service, there is no representation whatsoever. At least not with the service I've been looking at. They do have an option to pay more for limited assistance, if that's what you mean.
I keep meaning to have a second set of business card made for such appointments with only my office number. I cannot tell you how many Flat Fee sellers stalk me after a showing for feedback as late as 11:00 P.M. and as early as 7:00 AM. There have been a few, who have become outright nasty because the showing did not result in an offer.
Just as there are unscrupulous and unprofessional agents out there, so are there sellers who lack basic common sense.
For example, I had an Agent schedule an appointment to see a home I had listed with a realtor -- I asked the service if it was a preview or a showing. the agent said showing. (I was in the middle of a conference all and didn't want to interrupt it for a preview).
So I parked around the corner and waited for the "showing" to occur. When the agent went in the house, and then came out with no client ever showing up, I drove back up and asked her where her client was. She lied straight to my face and said they had already left (I watched the whole thing occur, so there was no doubt). When I confronted her with the fact that I was around the corner watching the whole thing, the lies became more elaborate and creative, until she finally fessed up, and then rationalized her lies with some new ones.
I don't follow what you mean here. With the bare bones MLS type service, there is no representation whatsoever. At least not with the service I've been looking at. They do have an option to pay more for limited assistance, if that's what you mean.
Thanks.
With the MLS type of service you are LEGALLY represented by a real estate agent. You are just represented in a different way. From a legal standpoint you have an agency relationship with the brokerage that does the MLS listing for you.
I have no issue with showing FSBO or flat fee listings.
I keep meaning to have a second set of business card made for such appointments with only my office number. I cannot tell you how many Flat Fee sellers stalk me after a showing for feedback as late as 11:00 P.M. and as early as 7:00 AM. There have been a few, who have become outright nasty because the showing did not result in an offer.
Amen, sister. This is why after a certain time of night if my cell rings and I don't recognize the number I let it go to VM. I try and be available to everyone, but geesh we're people too and getting calls very early in the morning or late at night just goes against basic courtesy. Had one client call me at 6:30AM after I had worked until 2AM, the number came up unknown so I thought maybe it was my son in the states and was an emergency - turned out to be one of my clients and I pointed out we really needed to work on time zone differences. He told me 'oh, we're in the same time zone!' Needless to say with 4 1/2 hours sleep I wasn't a very happy camper. We're still friends and I was even invited to his wedding and reception, but he never called me that early again
With the MLS type of service you are LEGALLY represented by a real estate agent. You are just represented in a different way. From a legal standpoint you have an agency relationship with the brokerage that does the MLS listing for you.
Had one client call me at 6:30AM after I had worked until 2AM, the number came up unknown so I thought maybe it was my son in the states and was an emergency - turned out to be one of my clients and I pointed out we really needed to work on time zone differences.
Yeah, a little common courtesy goes a long way.
On the flip side of that, I had an agent who either would not return my calls or emails at all, or did so only after I had to follow up with subsequent calls/emails. In some cases, I got no response at all.
That's not the kind of "representation" I was hoping for.
(of course, I have enough common decency and respect not to call them at odd hours of the day).
The bottom line is that no one cares about the sale of your home more than you do.
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