What if I see a home I’m interested in that is being sold directly by the owner?
A FSBO (pronounced “fizz-bo”) home is one way that home sellers have expressed some distaste with the traditional real estate model. It may be about money… they just don’t want to let go of the 6% or 7% of the sale price… or it may be because they feel that agents offer them no benefit that they cannot provide themselves.
Whereas traditional agents may be somewhat gun-shy in dealing with owners of FSBO real estate, we have extensive experience… in fact, we’ve never found a FSBO home seller who was uncomfortable dealing with us.
But I thought the whole point of FSBO was to avoid real estate commissions. How do you get paid?
Yes, that’s the perception. We get paid by building our 3% commission into the offer placed on the FSBO home and the seller does pay it. But you’’ll find that… while we may not be worth our weight in gold, we usually more than earn our commission in terms of dollars because FSBO’s are incorrectly priced to start with. 90% are eventually listed with a broker within 30 days! And, more importantly, we’re there to keep an eye on the process to help keep you from getting burned. Here are just a few of the reasons that you’ll be glad we were involved: