Originally Posted by ryans442
With the Internet now adays why even have a Realtor? Unless you don't have the time I agree with everyone else, waste of $$$$!
I know how you feel but if you get the right salesperson, it can be an advantage. The difficulty is finding the right one. Most salespeople are inexperienced and were trained during the "real estate boom" era where you didn't have to really work to sell a home. All they had to do was list it and let the others do the work. Or... there were so many buyers that they were scrambling to buy anything-- all you needed was an order taker. Of course, the ranks are thinning. Now, when times are difficult, if you find the right salesperson, they will better be able to market your home as well as work with/on the buyer(s) to actually make a sale. As a FSBO, it is more difficult for you to become activly involved with the personalities, legal and financial aspects of a sale to make it happen. It is also unlikely that you will be able to easily recognize real buyers and may waste time on these "tire kickers".
As a FBSO, you will be less likely to be exposed to all the buyers out there -- and there are people that are changing jobs and moving to new areas that use real estate salespeople because they are essentially free to them. Some salespeople/brokers will absolutely not work with FSBOs even if you will pay the commission.
Lastly, people think they are saving the commission by selling it themselves. This is a very indeterminate thing because nobody knows what a house is worth(net) until it sells and then you need to include all the conditions of the sale to determine what you actually got for the house. Some people shop FSBOs because they think the price will be less or they will force it to be less. Time is money too because the moment you decide to sell the house, every payment you make toward the mortgage and taxes will probably be unrecoverable from the final selling price. Every day that goes by may mean another repair to the house. The longer it's on the market, the lower the selling price(or the offer you will accept).
I sold real estate at one time and have sold homes FSBO. As long as you know what you are up against and need to do, you can best decide for yourself how you want to proceed.