Originally posted by sheldonj:
the crux of it is I don't want to be liable for some material on my website that I really don't have the ability to verify.
James I'm not sure why you mark the fsbo's sold it kind of shows that they don't need your primary service.
I believe the disclaimer that appears by each FSBO would protect me from most liability at least that's what my attorney tells me.
I mark the FSBOs on my website as SOLD because I believe it's naive to give the impression that FSBO's don't ever sell because I'm sure we all know they do as do buyers and other FSBOs. It also gives the little darlings hope they can sell on their own if only they have a free link on my website. I find that gets me many more hopeful FSBO contacts that call or e mail me
HOWEVER on the 2 currently marked as sold I am able to tell other FSBOs that I sold the same model of the one that was listed for $192,900 for $222,500 2 months later and in the same neighborhood so who actually 'saved' the commission there???
The one below FSBOed for $119,000 was bought by a local investor for $105,000 and subsequently lease purchased for $136,000.
I think both are great example of how you can actually lose real money by trying to save that 7 or 8% commission and not using a professional to expose your home to many more buyers which logic should tell you will create more interest which translates to a higher sale price.
I'm always sure to point out these facts when Mr. FSBO contacts me wanting to get a 'free' listing.
If you notice where the FSBO homes are actually displayed on my website they're not in as prominent a position as my listings which have their own link as "Featured Homes", you actually have to work to find them. My experience has been that most people that even bother to look at the FSBO section are other Realtors and curious FSBOs.
This section of my website is usually responsible for 5-10 sales a year either as a sale of a FSBO I'm aware of or one that ends up listing with me and is ultimately sold by me or another Realtor.