How does a real estate agent prospect for FSBOs? On the one hand, smart For Sale By Owners, don’t want to spend needless amounts of money repairing items that aren’t going to bring in a return on their investment, but on the other hand, failing to repair some critical items could spell trouble during or even after the sale.
Buyers can find properties from estate agents and private sellers on If you are interested in one of the property listings on our website, you can use the orange ‘Request Details’ button to directly contact the agent or individual advertising the property and arrange a viewing.
Historic FSBO sites generally charge from $200 – $1200 for marketing materials or flat-fee MLS listings that are then posted at Flat-fee MLS listings usually sound like a good idea, but rarely will a traditional agent (who the MLS is built around) treat a flat-fee listing the same as a traditional listing; simply it is not in the agent’s interest to show homes that are flat-fee listings if the agreement with the seller is such that a traditional agent will not be paid for introducing a buyer and a seller.
However, be advised that an FSBO kit may range from simply the basic or most common forms needed with some instructions on how to fill them out and where to file them, to very complete FSBO kits which include ALL the legal forms needed, instructions on how to fill them out, where to file them, instructions on how to prepare your home for sale, how to advertise your home for sale effectively, and, in some cases, contact with a listing service which will help put the home out in front of prospective buyers.
An inexperienced seller working on their own will often face a lot of challenges, including the need to manage a lot of complicated paperwork and avoid real estate scams Even a small mistake can cost the seller in time, money, and legality, meaning For Sale by Owner is a big risk.