Why are there so many for sale by owners?

  • October 31 2009 - Huntsville
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Answers (6)

Profile picture for The LaPeer Team
In this market, some sellers need to pocket as much money as they can just to break even. And some others don't see the value in hiring a Realtor. But on the flip side, in this market how can you afford not to hire a Realtor w/an aggessive marketing campaign?! They will be worth their weight in gold when the house sells.
  • October 31 2009
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I think Cindy hit it on the nose, adding to that I have seen a lot of house go on the market for 3-6 months and the agent lacks the funds or knowledge to market property properly in this market.  The agent doesn't produce any results and therefore reinforces the idea to a seller that they might be able to do it better.

Barry Lynn Miller
www.barrylynnmiller.com

  • October 31 2009
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Profile picture for Mr Caveat
well up until this part, cindy was doing really well until this...

But on the flip side, in this market how can you afford not to hire a Realtor w/an aggressive marketing campaign?! They will be worth their weight in gold when the house sells.

of course this is just plain false.

FSBOs can be done in a very efficient manner for a substantial discount over using a Realtor. they can be equally effective at producing willing buyers and get the job done just fine... of course if nothing materializes, you have none, but yourself to blame
  • November 01 2009
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Profile picture for spicoli0512
They don't want to pay for a listing agent if they don't have to. Seems pretty cut and dry.

In my neck of the woods, Any property that isn't a short sale is sold as quickly as they hit the MLS or Craigslist. Providing it's priced correctly of course. House across the street from me went pending sale in 2 days after 30+ people looked at it. Never seen so many Lexus and SUV's in my neighborhod. (Agents cars) Sometimes, their was a line of 2-3 agents waiting for one viewing to finish so they could bring their clients in. No one wants to deal with short sales and they make up 90% of the properties for sale in my area. When something other shan a short sale hits the market in my area it's sold with multiple offers.
  • November 01 2009
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most owners want to avoid paying the commission, but 75% end up with a realtor in the end once they realize that they are not selling a television but what us usually one of  the most important business transactions in life.
  • November 01 2009
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Profile picture for The LaPeer Team
NTETS,

I agree that there are some very savvy homeowners out there who will have no problem selling their homes w/o agents. More power to them by all means. The Realtors I am talking about are the ones who have a very aggressive marketing campaign and are not merely "list and sit" agents. And if the house listed by an agent sells (especially in a difficult area), hiring an agent was well worth it. Overall, I still believe that hiring a professional to do the job is the best route to go for most, but not all, homewoners. It's like some people represent themselves in court, while the vast majority of us need to hire a lawyer/professional.
  • November 01 2009
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