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Updated over 6 years ago on . Most recent reply

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Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
256
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187
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Do Real Estate Agents Shun FSBO Properties?

Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
Posted

So I'm genuinely curious about this topic, and I apologize if it's been covered previously.  I've been thinking a lot lately about sellers who go the fsbo route but say they are willing to entertain buyers with agents.  I did this recently with a flip home and had my own experience, but I'm curious to hear about yours.

Buyers... have you ever approached your agent about a fsbo property and felt like your agent steered you away from that property just because it was fsbo?  I'm interested to hear what experiences you've had.

Agents... how do you really feel about fsbos? Do you avoid them because they potentially degrade your trade, are you impartial to them, or are you big fans?  I'm curious to learn where on this spectrum you lie.

And sellers... I'm interested in your experiences.  Do you feel shunned by agents because you chose fsbo vs. listing through an agent?

Thanks all!

Most Popular Reply

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17,529
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,309
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17,529
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I do not deal with FSBOs as a matter of practice because they are typically a waste of my time. They have so many problems with them. They tend to jave unreasonable price expectations, will not negotiate a home inspection in good faith, the property usually wont appraise because there is no listing agent involved, they wont drop the price when it doesnt appraise, they wont make lender required repairs and so on and so on.

So why spend 20 hours on a transaction that is very unlikely to close?

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