[quote=svelte][quote=scaredyclassic]
I’m wondering what the pitfalls are to representing one’s self in a sale.[/quote]
My Dad has done that. Worked out fine.
However, he did not recommend it. After several buying and selling transactions, he said it would be better to BUY from a FSBO and sell through a real estate company.
Here’s why:
When you buy from a FSBO, you know they’ve had less traffic because realtors shun FSBO homes…therefore, you can negotiate the price lower with the seller.
When you sell using FSBO, the shoe is on the other foot: you get less traffic because realtors shun FSBO and potential buyers know it and offer you less. Therefore, what ends up in your pocket is not much different than if you listed with someone but you end up with about the same amount of money.
That was his theory. Sounds reasonable to me, though it is opposite what my intuition would think.[/quote]
Re FSBO: What if the FSBO advertises “Courtesy to Brokers”, meaning any broker bringing in a buyer gets his traditional 3% or 2 1/2% commission. I can’t imagine a broker running away from that. Of course, the seller has to be pretty savvy, since he does not have a broker looking out for his own interests.
Any Piggs ever try that?
