FSBO or not ?

NEW -> Contingent Buyer Assistance Program
[quote author="sugarspunZ" date=1242528652]ok... USC i see what you are saying and in theory it sounds great but...

what name and phone number are you putting on the MLS? yours? or the seller?

what does the seller do with an offer they dont like? </blockquote>
Counter or say forgida bout it

[quote author="sugarspunZ" date=1242528652]

do they know how to counter?

</blockquote>
Maybe, maybe not, but if they don't, they certainly don't need a real estate agent to teach them. A couple of hours in a Nolo Press book or a FSBO for Dummies is more than adequate.

How many folks know how to counter for a car purchase or anything else? It aint rocket science and the owner is probably much smarter than most of the agents.

[quote author="sugarspunZ" date=1242528652]

where do they get the forms?

</blockquote>
Again, Nolo Press. "Oh my, where will you get a form? How terrifying!" "Only real estate agents have forms!"

[quote author="sugarspunZ" date=1242528652]

does the seller know all of the contingencies on the contract?

</blockquote>
I dunno. Can the seller read? What makes anybody think that a real estate agent will know <strong>ALL</strong> the contingencies on the contract? Just more bull____ realtor scare tactics. The last time I had an attorney read and give an opinion of a purchase contract, it cost me $300.

[quote author="sugarspunZ" date=1242528652]

does the seller know what a legitimate loan approval is or a BS piece of paper from a broker?

</blockquote>
Maybe, maybe not, but again, why does anybody assume that a real estate agent knows "what a legitimate loan approval is or a BS piece of paper from a broker" is? More bull____ realtor scare tactics.



[quote author="sugarspunZ" date=1242528652]

who is the seller going to call for help?

</blockquote>
A trusted family member or friend who has been through the process before, books, the internet. Any of the aforementioned are more likely than not more informed than 90% of licensed real estate agents and 100% more trustworthy.

[quote author="sugarspunZ" date=1242528652]

YOU!!! then what do you do? help for free? if so god bless you. lol

there are just to many ifs and most people are not knowledgeable enough to do it on their own.

</blockquote>
"Yeah, of course, it is just too complicated and too many variables for a regular Joe to handle." What a load of bull____ realtor scare tactics. Yeah, everyone is just so stupid and the real estate agents are brilliant, knowedgeable, and experts at real estate. <strong>NOT!</strong>

[quote author="sugarspunZ" date=1242528652]

a naive seller is entering a pool of sharks doing a FSBO in this market if they offer a buyers commission and will never get their home sold if they dont IMO.

</blockquote>
More bull____ real estate agent scare tactics. Don't they ever get tired of trying to scare folks into a sale? Do they really have so little to offer that they can't advertise their postive contribution and instead just try to convince the sellers and buyers that they are too stupid to engage in a transaction and only realtors understand the complications and variables? I guess if you have nothing positive to offer, just pound the table.



From what I have read over the last couple of years on this forum, the posters here are a heck of a lot more savvy than the real estate agents, a thousand times smarter, and much better at looking out for their best interests.

[quote author="sugarspunZ" date=1242528652]

can it be done? absolutely

should it be done? IMO absolutely not. the 3% saving at best is not worth the headache.</blockquote>


Of course, in your opinion it should not be done. You do not get paid otherwise.

The headache is not relieved by having real estate agents involved and is probably just exacerbated by their involvement.
 
[quote author="awgee" date=1242613240][quote author="sugarspunZ" date=1242528652]ok... USC i see what you are saying and in theory it sounds great but...

what name and phone number are you putting on the MLS? yours? or the seller?

what does the seller do with an offer they dont like? </blockquote>
Counter or say forgida bout it

[quote author="sugarspunZ" date=1242528652]

do they know how to counter?

</blockquote>
Maybe, maybe not, but if they don't, they certainly don't need a real estate agent to teach them. A couple of hours in a Nolo Press book or a FSBO for Dummies is more than adequate.

How many folks know how to counter for a car purchase or anything else? It aint rocket science and the owner is probably much smarter than most of the agents.

[quote author="sugarspunZ" date=1242528652]

where do they get the forms?

</blockquote>
Again, Nolo Press. "Oh my, where will you get a form? How terrifying!" "Only real estate agents have forms!"

[quote author="sugarspunZ" date=1242528652]

does the seller know all of the contingencies on the contract?

</blockquote>
I dunno. Can the seller read? What makes anybody think that a real estate agent will know <strong>ALL</strong> the contingencies on the contract? Just more bull____ realtor scare tactics. The last time I had an attorney read and give an opinion of a purchase contract, it cost me $300.

[quote author="sugarspunZ" date=1242528652]

does the seller know what a legitimate loan approval is or a BS piece of paper from a broker?

</blockquote>
Maybe, maybe not, but again, why does anybody assume that a real estate agent knows "what a legitimate loan approval is or a BS piece of paper from a broker" is? More bull____ realtor scare tactics.



[quote author="sugarspunZ" date=1242528652]

who is the seller going to call for help?

</blockquote>
A trusted family member or friend who has been through the process before, books, the internet. Any of the aforementioned are more likely than not more informed than 90% of licensed real estate agents and 100% more trustworthy.

[quote author="sugarspunZ" date=1242528652]

YOU!!! then what do you do? help for free? if so god bless you. lol

there are just to many ifs and most people are not knowledgeable enough to do it on their own.

</blockquote>
"Yeah, of course, it is just too complicated and too many variables for a regular Joe to handle." What a load of bull____ realtor scare tactics. Yeah, everyone is just so stupid and the real estate agents are brilliant, knowedgeable, and experts at real estate. <strong>NOT!</strong>

[quote author="sugarspunZ" date=1242528652]

a naive seller is entering a pool of sharks doing a FSBO in this market if they offer a buyers commission and will never get their home sold if they dont IMO.

</blockquote>
More bull____ real estate agent scare tactics. Don't they ever get tired of trying to scare folks into a sale? Do they really have so little to offer that they can't advertise their postive contribution and instead just try to convince the sellers and buyers that they are too stupid to engage in a transaction and only realtors understand the complications and variables? I guess if you have nothing positive to offer, just pound the table.



From what I have read over the last couple of years on this forum, the posters here are a heck of a lot more savvy than the real estate agents, a thousand times smarter, and much better at looking out for their best interests.

[quote author="sugarspunZ" date=1242528652]

can it be done? absolutely

should it be done? IMO absolutely not. the 3% saving at best is not worth the headache.</blockquote>


Of course, in your opinion it should not be done. You do not get paid otherwise.

The headache is not relieved by having real estate agents involved and is probably just exacerbated by their involvement.</blockquote>


WOW!!! <img src="http://images.paraorkut.com/img/pics/glitters/s/scared-8550.gif" alt="" />



like i said for the right person it can totally be done. i am <strong>NOT </strong>trying to use "Real Estate Scare Tactics". i apologize if i came across that way. there are just a lot of things that the average person doesnt think of.

i have been in the business for 7 years now (i am sure that is nothing compared to some of you) and i have definitely dealt with my fair share of douchey realtors, but there are a few professionals out there and their services and knowledge is invaluable.



<img src="http://www.kerberos-productions.com/forum/images/smilies/thumb.gif" alt="" />
 
I bought my house as a FSBO. It worked out well and the escrow company really handled all details well. The previous owner decided to list it just under the average of the 3 list prices she received from agents. I don't think this is the norm for most FSBO's, many sellers are arrogant about their house and will actually list it for more than the price a knowledgeable realtor would. I was actually unable to sell my own house as a FSBO while in contingency. I think it has a lot to do with the actual property. The one I was selling was a tough sell due to the fact that it was a 2 bdr. house. The house I bought was not a tough sell, there were 3 full price offers within a few weeks. I gave up and got an agent because I didn't want to lose my new house. There are so many factors that go into making this decision and it can work out well under the right circumstances. The previous owner was actually very smart, I got a lower sale price and she received more cash then she would have with an agent. It was a unique property, priced right (at the time) and therefore it sold quickly.
 
[quote author="sugarspunZ" date=1242614200] WOW!!! <img src="http://images.paraorkut.com/img/pics/glitters/s/scared-8550.gif" alt="" />



like i said for the right person it can totally be done. <strong>i am trying to use "Real Estate Scare Tactics".</strong> i apologize if i came across that way. there are just a lot of things that the average person doesnt think of.

i have been in the business for 7 years now (i am sure that is nothing compared to some of you) and i have definitely dealt with my fair share of douchey realtors, but there are a few professionals out there and their services and knowledge is invaluable.



<img src="http://www.kerberos-productions.com/forum/images/smilies/thumb.gif" alt="" /></blockquote>


I think you meant: "I am <u>not </u>trying..."
 
[quote author="Sunshine" date=1242616877][quote author="sugarspunZ" date=1242614200] WOW!!! <img src="http://images.paraorkut.com/img/pics/glitters/s/scared-8550.gif" alt="" />



like i said for the right person it can totally be done. <strong>i am NOT trying to use "Real Estate Scare Tactics".</strong> i apologize if i came across that way. there are just a lot of things that the average person doesnt think of.

i have been in the business for 7 years now (i am sure that is nothing compared to some of you) and i have definitely dealt with my fair share of douchey realtors, but there are a few professionals out there and their services and knowledge is invaluable.



<img src="http://www.kerberos-productions.com/forum/images/smilies/thumb.gif" alt="" /></blockquote>


I think you meant: "I am <u>not </u>trying..."</blockquote>
FIXED <img src="http://images.ibsrv.net/ibsrv/res/src:my350z.com/get/forum/images/smilies/ugh2.gif" alt="" />
 
[quote author="sugarspunZ" date=1242614200]

WOW!!! <img src="http://images.paraorkut.com/img/pics/glitters/s/scared-8550.gif" alt="" />



like i said for the right person it can totally be done. i am <strong>NOT </strong>trying to use "Real Estate Scare Tactics". i apologize if i came across that way. there are just a lot of things that the average person doesnt think of.

i have been in the business for 7 years now (i am sure that is nothing compared to some of you) and i have definitely dealt with my fair share of douchey realtors, but there are a few professionals out there and their services and knowledge is invaluable.



<img src="http://www.kerberos-productions.com/forum/images/smilies/thumb.gif" alt="" /></blockquote>


Try. Not try. It is irrelevant. Realtor scare tactics are basically, "If you try and do it yourself, all sorts of bad things will happen." And that is what you were doing.







I was an Enrolled Agent. I represented taxpayers and taxpaying entities in audits.

Imagine for a second just how scared folks are when they contact me.

And most of the time, they do not need me. They have received a CP2000, which generally is a notice of incorrect tax paid and incorrect tax liability calculated. And when I explain what they have and how to fix it, most of the fear dissapates. Isn't better to alieve people's fears rather than prey on them?

And then there are real audits.

I doubt that I have ever told anybody to try and represent themselves in an audit, but thinking about it, if they educate themselves, they can represent themselves. What I do do though is tell a prospective client what I can do for them, and explain the process and how I can help them with the process. Most of my clients are smarter than me and they could probably handle an audit fine by themselves if they are honest. I have knowledge of IRS procedure, standards, and motivations which they will not have access to, but honestly, it isn't necessary.

Bottom line, there is a world of difference between explaining to someone how you can be of value and trying to scare someone into hiring you by telling them how they can not do something.

And as long as I see realtors using scare tactics rather than positive contribution, I will keep pointing it out.

By the way, the IRS and The Franchise Tax Board uses scare tactics. I am familiar with them. :-)
 
No-vas, I think u missunderstand what I'm doing.



I bought house brandnew. Livein there with my family the entire time and now we are going seperate ways.



To figure out the true loss I need to sell and then I can tell you.



However I can tell you that my after-tax-benefit payments were equal to renting an comparable size home. So it made sense at the time. Now however it doesn't because I wouldn't want to rent a 3bed house for myself. Further more with no strings attached anymore I will probably move closer to my work place (la) again.



So u probably will loose whatever my sell price minus my purchase price will be.



Since u read all my other posts u should know that I never supported the hype of that real estate is an investment thing... If my life situation would have not changed this still would be a good home for me (us)



I will loose money but that's better than living in a hughe(depressing) home by myself where I can wander around from empty room to empty room.



Oh well... U win u loose



[quote author="no_vaseline" date=1242560206][quote author="flmgrip" date=1242559080][quote author="no_vaseline" date=1242468014]<a href="http://www.irvinehousingblog.com/forums/quotereply/35611/">http://www.irvinehousingblog.com/forums/quotereply/35611/</a>



[quote author="flmgrip" date=1202789407]uuuhhh ohhhh the world will collapse.... houses will sell again for $50k.... (in the greater L.A. area)



you just keep paying rent and tell yourself how much money you will save (the money that will crash in the stock market going parallel with your prediction in the housing market)...</blockquote>


What made you change your mind?



Good luck dumping that built on a superfund site Villages of Columbus property.</blockquote>


As usual you have nothing useful to contribute. </blockquote>


I just asked a question for clarification. Just for kicks, how much do you think you lost renting three rooms for a year, once you net out the rents against how much your property depreciated YOY?



<a href="http://www.irvinehousingblog.com/forums/viewthread/5100/#107522">I'm looking to see how much you lost like I figured out for this user.</a>



FWIW, I wouldn't do a FSBO even if I was a realtor. IMO the 3% is trivial to getting a deal done, particularly in this market. But I don't expect you'll listen to me since you seem particularly allergic to money.</blockquote>
 
[quote author="awgee" date=1242619115][quote author="sugarspunZ" date=1242614200]

WOW!!! <img src="http://images.paraorkut.com/img/pics/glitters/s/scared-8550.gif" alt="" />



like i said for the right person it can totally be done. i am <strong>NOT </strong>trying to use "Real Estate Scare Tactics". i apologize if i came across that way. there are just a lot of things that the average person doesnt think of.

i have been in the business for 7 years now (i am sure that is nothing compared to some of you) and i have definitely dealt with my fair share of douchey realtors, but there are a few professionals out there and their services and knowledge is invaluable.



<img src="http://www.kerberos-productions.com/forum/images/smilies/thumb.gif" alt="" /></blockquote>


Try. Not try. It is irrelevant. Realtor scare tactics are basically, "If you try and do it yourself, all sorts of bad things will happen." And that is what you were doing.







I was an Enrolled Agent. I represented taxpayers and taxpaying entities in audits.

Imagine for a second just how scared folks are when they contact me.

And most of the time, they do not need me. They have received a CP2000, which generally is a notice of incorrect tax paid and incorrect tax liability calculated. And when I explain what they have and how to fix it, most of the fear dissapates. Isn't better to alieve people's fears rather than prey on them?

And then there are real audits.

I doubt that I have ever told anybody to try and represent themselves in an audit, but thinking about it, if they educate themselves, they can represent themselves. What I do do though is tell a prospective client what I can do for them, and explain the process and how I can help them with the process. Most of my clients are smarter than me and they could probably handle an audit fine by themselves if they are honest. I have knowledge of IRS procedure, standards, and motivations which they will not have access to, but honestly, it isn't necessary.

Bottom line, there is a world of difference between explaining to someone how you can be of value and trying to scare someone into hiring you by telling them how they can not do something.

And as long as I see realtors using scare tactics rather than positive contribution, I will keep pointing it out.

By the way, the IRS and The Franchise Tax Board uses scare tactics. I am familiar with them. :-)</blockquote>


scare tatics = risks of doing it yourself = benefits of using a realtor. semantics.



again YOU ARE RIGHT!!! one could learn the necessary information to sell a home, to do their taxes, to represent themselves in an audit, to remove their own tonsils.



i know what i know and i am very good at what i do. i also know that there is a ton of information that i do not know. i could learn it and do all of the above on my own however the opportunity cost for me is to great. i would rather hire a professional.



i am afraid we are just not going to agree on this topic which if fine by me. <img src="http://www.emofaces.com/en/emoticons/h/hands-shaking-emoticons.gif" alt="" />
 
[quote author="no_vaseline" date=1242621520]I wasn't aware there was a change in your family "status". I'm sorry for your loss. Good luck whatever you do.</blockquote>


Thank you
 
It is not just semantics. Trying to scare someone into buying something or do something is 180 degrees different from explaining the benefits of a purchase or service. If you doubt this, ask any marketer. They know, as does the IRS, and anyone with half a brain.

But, if you want to tell yourself they are the same ...
 
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