There is a perception among buyers that a FSBO automatically means good deal (read that as lower price).
While FSBO sellers are attempting to save on a real estate agent commission there is no guarantee they are offering a product that is reasonably priced even if not discounted.
Buyers I have worked with through the years have been pretty consistent if the topic of FSBOs ever came up during a conversation. The overwhelming opinion is a "FSBO" is really discounted.
I suggest this approach for buyers who show any interest whatsoever in a for sale by owner home.
- Write down the information from the sign but don't contact the seller.
- Discuss the home with your real estate agent.
- Let your real estate agent contact the seller and arrange a visit.
- If you like the home and want to make an offer, follow your real estate agent's advice. This includes a comparative market analysis, comparable research, requesting disclosures, etc.
- If the seller will not pay your agent (many FSBOs will), consider the benefit versus cost to have your own agent working for you.
If you are ready to buy a home in Viera, Florida please give me a call at 321-693-3850.If you are considering selling your Viera, Florida home as a FSBO, send me an email. See how little it costs a seller to have professional assistant in selling your Viera home.
"Discount" image courtesy of Stuart Miles / FreeDigitalPhotos.net
"For Sale By Owner" image courtesy of Stuart Miles / FreeDigitalPhotos.net
