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Old 07-25-2008, 12:30 PM
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Mintjulep Mintjulep is offline
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Default Re: Flat Fee Real Estate Listing Service

My brother in law sold his house with a flat fee service a few years ago.
It was in MLS, but he still did most of the showings.
He was happy with his outcome.

We had our house 'for sale by owner' for nearly a year.
We have sold 3 houses FSBO in the past during easier markets.

All my FSBO advertising, flyers, etc., got us lots of lookers,
but the hardest part is trying to find out if they are qualified.
They don't want to share their financial info with the 'homeowner'.
And even if they do, how do you know if they're telling the truth?

Sometimes, they just want to see the inside of your house.
So I did alot of work on alot of showings for nothing.

Don't know if the Flat Fee services offer a way to qualify your lookers,
as I assume you'll still be showing it yourself some.
But that may be worth checking out...

We finally put ours with a realtor and it went under contract in about 6 weeks.
When a realtor brought someone, I felt pretty sure they were qualified.
So felt better about the work to get it ready for the showing.

I admit I HATE to spend 7% on the fee.
Tho I did negotiate to get a really good referral fee as I have a real estate license .

I suspect FSBO's in TV do better, because older buyers have owned other homes with many years of equity, and are usually downsizing and so more easily qualified.

Just MHO

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