Wednesday, April 4, 2007

I'll Offer $100

On my way home from the office I've driven by this FSBO sign a handful of times and on about the 5th or 6th time seeing it I finally noticed what it said exactly....."MUST SELL, MUST SEE, Please make the best offer and we work together."  Okay my best offer is $100.  Can we work together?  Besides the fact that this individual now appears quite desparate, there are a couple of other things that I find wrong with this attempt to sell a home without an agent.  First of all I turned down the street this sign was located on and couldn't find the house.  I would have had to drive back to the sign to read the address that is written so small that there is no way you could read it as you drive by at 45 mph.  Odds are I'm just going to skip and go home.  Secondly, I'm not sure if this house is a 5 bedroom, 3000 sq ft home or is it a 3 bedroom 1500 sq ft home.  Is it worth my time to try and find the house, or call the number to find out the details.  Thirdly, with the market conditions the way they are currenlty this home is one house among 41 others for sale in about a 1 mile square around this home.  What are the odds that a buyer, who is most likely working with a real estate agent who is looking for homes for their client through the MLS, is going to ever see this house?  My guess is that it's probably going to be the last house to be shown, if at all, of the houses in that area that fit the needs of the buyer. 

Now don't get me wrong, if you are somebody that has a fair amount of knowledge about the real estate process and has the time and energy to handle the transaction on your own, and deal with the plethera of buyers that are going to call and want to see the home, then I would almost recommend trying to sell your home FSBO.  But even if you do have the knowledge, time, energy, patience, etc. now is not the time to try and sell a home without the benefits of MLS marketing.  There are just too many houses out there in the Phoenix real estate market for buyers to choose from without having to deal with the challenges of buying from a For Sale by Owner.  However, if you would prefer to try and go it alone to see what kind of success you might have, Click Here to read about our FSBO assistance program that we offer. 

-Steve Nicks