Zillow Advice: For Sale by Owner - Forsalebyowner.com Founder Uses RE Broker... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ Zillow Advice | Zillow Real Estate In my personal experience ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ In my personal experience selling FSBO is the smarter financial move.&nbsp; Selling homes is a science?&nbsp; Come on Bryan, that is an untenable position.&nbsp; I will concede that it is an art...as are all sales positions.<br/><br/>Oh, and since you played the statistics card, here is a study showing that FSBO's in one area make more money for the seller than an agent does.&nbsp; <a rel="nofollow" href="http://tampabayappraisers.com/2010/08/agents-avoid-out-of-area-appraisers-from-being-deal-killers/">Study</a><br/><br/>Are any of the agents who posted here willing to comment about the fact that the buyer in this case (who was represented by an agent) overpaid on the property by hundreds of thousands of dollars?&nbsp; Where was the science for him/her? Wed, 10 Aug 2011 14:28:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T14:28:00Z Of course I read the article ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ Of course I read the article (and the more detailed article printed elsewhere)&nbsp;and I know the backstory...<br/><br/>Whatever your take on my analogy, the fact still remains that he enlisted a real estate professional to assist him in successfully selling his property...<br/><br/>Fact is, brokerage is an art and a science...If a homeowner wants to go FSBO, I strongly &nbsp;encourage it. Statistically, most FSBO's&nbsp;will list their property with an agent because the process of pricing, packaging, marketing, negotiating and closing a deal is great deal more complex and time consuming and nuanced than most people&nbsp;realize. From my personal experience, FSBO's make great clients because after their "solo" effort, they tend to appreciate what I do for them as a professional real estate broker. Wed, 10 Aug 2011 05:48:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T05:48:00Z But offering a service to ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ <strong><em>But offering a service to others is far different than offering to oneself...a surgeon would never operate on himself/herself...in this case, the providers of ForSaleByOwner.com were smart to recognize that representing oneself in a real estate transaction is not always the best policy.</em></strong><br/><br/>First, enough with the REA-doctor/REA-lawyer/REA-etc. comparisons. The analogy breaks down very quickly, there's really no direct comparison, and it makes the REA profession look desperate for validation.<br/><br/>Second, did you even read the linked article. He tried for 6 months on his own, but then gave up because he felt that the local market was dominated by REAs and locked out FSBOs. Making comments like you just did makes a thinking person wonder if they want you reading and trying to advise them on their contracts. Wed, 10 Aug 2011 04:55:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T04:55:00Z Providing a service to others ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ <p>Providing a service to others for a fee is smart business. The owners of ForSaleByOwner.com recognize a niche for their business...<br/><br/>But offering a service to others is far different than offering to oneself...a surgeon would never operate on himself/herself...in this case, the providers of ForSaleByOwner.com were smart to recognize that representing oneself in a real estate transaction is not always the best policy. As a 20 year veteran of real estate, I can attest that good systems backed by good service do have a real, measurable financial upside to clients. The people I work with recognize that we are worth our fee because of the service we provide. Yes, they can list on that website, but they don't...<br/><br/>Kudos to ForSaleByOwner.com for recognizing the value of professionals in professional services!!</p> Wed, 10 Aug 2011 04:49:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T04:49:00Z Nothing like standing behind ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ Nothing like standing behind a concept you believe in. Wed, 10 Aug 2011 04:45:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T04:45:00Z I just read a different article ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ I just read a different article that said the price was raised. bah.&nbsp;&nbsp; <br/><br/>Have to give major credit to the networking/marketing savvy of that agent.&nbsp; He earned he money.<br/><br/>It didn't help that some idiot had more money than common sense and overpaid by hundreds of thousands of dollars.&nbsp; Whoever his buyer's agent was should be smacked, since if he would have just checked the FSBO site he would have saved his client a lot of money. Wed, 10 Aug 2011 04:37:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T04:37:00Z The facts on this case&nbsp;are ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ <p>The facts on this case&nbsp;are misrepresented.<br/><br/>Sure, the guy looks like a tool.&nbsp;<br/><br/>But saying he made more money with an agent than without is speculation.&nbsp; In the article it says the agent lowered the price; therefore receiving more offers.&nbsp; If the dude would have just lowered the price himself, he may have received the same offer himself...minus the 6% commission on a $2Mil sale.</p><p>Besides, Manhattan is hardly representative of the US RE market.&nbsp;<br/><br/></p> Wed, 10 Aug 2011 04:17:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T04:17:00Z Ah, the WSJ article. Would ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ Ah, the WSJ article. Would that have been in the part I have to open a subscription to read? Wed, 10 Aug 2011 03:02:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T03:02:00Z More Money?(According to ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ More Money?<br/><br/>(According to News)<br/><br/>Original asking Price 2 Million...<br/><br/>Paid 6% Commission to Agency..Property sold for 2.15 million<br/><br/>6% Commission/Cost for selling 2.15 Million home?<br/><br/> Wed, 10 Aug 2011 02:28:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T02:28:00Z SoCal_Engr:"...and uses a ... http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ <strong><em><strong>SoCal_Engr</strong>:<br/><br/>"...and uses a professional who actually winds up getting him more money."<br/><br/></em></strong><em>I failed to see this in either article. What's the attribution for this interesting piece of information</em>?"<br/><br/>WSJ: <br/><p><strong>"The broker, Jesse Buckler, said he told Mr. Sambrotto</strong> the apartment in the Lion's Head building on West 19th Street near Sixth Avenue <strong>was priced too low and wasn't drawing the right buyers.</strong></p><p>By May, it went into contract, he said, after attracting multiple offers. It closed in the last few days <strong>for $150,000 more than the original asking price."</strong></p> Wed, 10 Aug 2011 02:23:00 GMT http://www.zillow.com/advice-thread/Forsalebyowner-com-Founder-Uses-RE-Broker/411023/ 2011-08-10T02:23:00Z