When i bought my first house through FSBO i don’t recall that much paperwork at all besides the loan documents. We just sat down together and went through each item of the standard sales agreement the seller bought from the bookstore. All the paperwork were handle by escrow. And when i sold there was a transaction coordinator that charged us $450.
When i bought I should have had the home inspected and find out comps of the area, but i was ignorant. Using an agent would have helped us learned more about the process. I didn’t even know that you needed or should use one.
When i sold I did FSBO and had a friend, from Help U Sell, listed in the MLS for me. One thing i noticed was that the only agent who showed up were the ones that wanted to be my agent if the house didn’t sell.
One other things i noticed around my neighborhood was that the homes using Help U Sell were not selling. This was going on for about three months. Then it hit me……the agents were probably boycotting the discounters. It’s not openly discussed but probably talked about behind the doors at the big firms.
My house sold because the buyer droved by and then told his agent about it.
After the listing were expired, the homes in my neighborhood used the conventional agent/broker and the homes were sold within a month or less. That confirmed my conspiracy theory.
