Thread: Stijn!!
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Noah930 Noah930 is online now
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Out of curiosity, how have you priced your FSBO home?

When I went through the house hunt a few years ago, I noticed that FSBO houses were generally overpriced. I think those owners had overly high expectations (the market was still dropping at that point).

One benefit of FSBO is to cut out the cost of the realtors (sorry, "Realtors"). So in FSBO the seller and buyer should essentially split the difference between the 6% commission the realtors would have cost. The house should be priced below market value by about 3%. The seller saves 3% that he/she would otherwise have paid the listing agent. And the buyer pays 3% less that otherwise would have gone to the realtors.

Instead, I found that FSBO homes would be listed over market value, and that sellers often weren't open to negotiation. So their homes sat. Not just because they were blacklisted by realtors, but also because they seemed unreasonable.

Not saying you're like that, Rick. But just something I noticed when I looked at 80+ homes a few years ago.
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