Did you know that roughly 18%-23% of homes for sale across the country are FSBO? However, less than 1/3 of them successfully sell their home on their own. That’s roughly 2 out of every 3 FSBOs that will eventually end up listing their home with an agent!
The Million Dollar question (literally) is:
With the numbers in your favor, how do you monopolize the FSBO niche in your area to increase sales and decrease missed opportunities?
The key is to approach the FSBO as a "Buyer's Agent" NOT trying to go for the LISTING KILL! Get in the home and view it with your buyers best interests in mind.
1. You owe it to your buyers
2. you should know all inventory (FSBO's count)
3. FSBO once sold becomes a what? Buyer right?
What kind of an agent are they looking for and will want to help them find their next home? The one that knocks on doors or contacts FSBO's for their buyers.
Tips: $ Potential Listing Agent
* Go over selling process
* Explain Legal Issues
* Ask for TDS Disclosures
* Discuss Staging
* Bring Up Repairs
10 Resources:
Zillow.comFSBO.comsavvylane.comforsalebyowner.comrealtytrac.comhomesbyowner.comowners.comrealtystore.com/bargain-homes/for-sale-by-ownerredfin.comWSJ Article:
http://www.wsj.com/articles/SB126279945872118145