Plop, Plop, FSBO - Has the FSBO Market Fizzled?
Weston - November 25, 2005:
The purchase market has changed. Mortgage interest rates are up; prices are leveling off.
What does this mean for those sellers of homes electing not to use the services of a Realtor? That collection of folks listing their homes themselves, a/k/a, "For Sale by Owner" ("FSBO")?
One thing's for sure. It's not a seller's market anymore.
Gone are the days when a FSBO could list his home in places like Coral Springs, Weston, Parkland, Plantation or Boca Raton and receive 5 full price offers within a matter of hours.
It's more difficult now. Homes are staying on the market 30, 45, 60 days and longer.
How does a FSBO market his home? It ain't easy. He's competing with homes featured on the multiple listing service, ads in newspapers, magazines and so forth. It's not a fair fight!
So many FSBO's are doing the unthinkable -they're calling up the Realtors that they shunned, hats in hand, and asking for a little expert help. It's not as easy as they thought.
And you know what? Most Realtors don't hold any hard feelings. They're here to lend a hand.
We're priviliged to work with several smart, high-quality Realtors. If you need the name of a good Realtor specializing in your area, call us at the office - 954.236.4500.
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posted by Blackacre Lending - Andy Lockwood @ 10:15 AM
18 comments
18 Comments:
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