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FSBO offer 3% to buyers agents and offer 3% discount to those with no agent?

I am interested in selling our home by owner this Spring.  I would like to offer any agent who brings a buyer 3% commission and have that stated up front in the home ad.  Also anyone who  buys without an agent will get a 3% discount.  I believe that we can be more competitive in our pricing.  I would get a real estate attorney to write the contract.  We are not under pressure to sell our house at this time but it would be nice to sell this year.
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November 02 2010 - Black Forest
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Great idea! Lots of homeowners are looking to find their competitive advantage. You found one, but there are more. Consider your tax advantages over your competition. My only suggestion is to be prepared in advance of a situation. What will you say when the buyer calls demanding that the roof and sewer be replaced before closing, for example? Brokers do a lot of this type of buffering, so you are not put on the spot. Consider alternatives. Consider hiring an attorney to draw up the papers and take the calls to negotiate. Generally, I don't recommend that people do it alone unless they do the necessary preparatory planning. You are on the right track by using this forum.
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November 02 2010
I'm guessing the house has long since sold since the post is over a year old. Please check dates to see if your advice is still relevant.
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November 16 2011

When a agent has to work both sides they will ask for more than 3%.  You best bet in marketing you home to the fullest potentical is to list with agent.  You will get a better pool of buyers. 

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November 16 2011
The old fsbo tricks. A home owner can do what they choose and it be perfectly fine. However us realtors are held to much higher ethical standards and we do have to protect the public. Who is to say they will honor that?
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November 16 2011

That makes no sense. You will lose much more than you are hoping to save just based on the fact that you have put yourself in a position of little exposure going FSBO. Plus, why would an agent want to facilitate both sides of a transaction for 3% when they normally get 6% for working both sides? Just a thought. I think you will find it very difficult to get people through the house without it being listed. I have sold numerous homes for people that tried FSBO. Most sold for more listed than these sellers had been asking when FSBO.

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November 04 2010
 I would suggest taking great photos and a big internet presence.  Hopefully interest rates will stay low until next spring and keep buyers motivated.  As the Seller most contracts (offers) will be completed by the buyer and their Realtor. 
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November 04 2010

We are all looking for great strategies to help get home buyers to look at listed homes.  Big key is to make sure your home is priced right for your area.  We have had great success with financial strategies in driving more buyers to home listings which saves the seller money as well as stabilizing neighborhood values.  These strategies usually work better than the standard price reduction in getting your home sold.
 
Best wishes!

 

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November 03 2010
You can definately try!
Good luck,
Rosana Shekman
Real Estae Broker
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November 02 2010
Who knows what the market will be next year.  

You can download the real estate commission approved form from the commissions website.  You can look now, but the form will change January 1st - be sure to use that version.
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November 02 2010
 
Related Questions
FSBO offer 3% to buyers agents and offer 3% discount to those with no agent?
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Latest answer by Tiffany Bond, Esq.
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