Classes on "How to sell your home with or without a broker. How do you think this will impact Realtors?

By
Real Estate Agent with RE/MAX Elite Realty 261013

  Classes on "How to sell your home with or without a broker.  How do you think this will impact Realtors?

Someone asked this question on Truila.  Her local Newspaper had an ad for a class this Spring on how to sell your home without a Realtor and wanted to know how it would impact Realtors, and here was my answer to her blog.

I don't think it will impact Professional Realtor's at all. Professional Realtor's usually end up listing most of those FSBO after a while.

Its a fact that most people buying homes are first time home buyers. Do you think that they are going to go buy their first home without a Realtor to guide, direct and counsel them? It doesn't cost them a thing so why not use a Realtor.


Next is investors, what do you think they are buying? They are looking for reduced low priced homes, foreclosures and desperate sellers that they can make a profit on and a FSBO are usually not investment properties they are folks trying to save a commission.

House for sale by owner June Tassillo

      For Sale By Owner


Another kind of buyer is the people relocating, they will get on the Internet and search for a particular home & price in a certain area they are not really sure of but are more than likely to use a Realtor because we are more familiar with the communities and what is available is at our fingertips on MLS and a professional has personally seen or will preview the homes for you so you will not waste time. A pro knows a good valued home in his or her area and saves you time and $$. Pictures of homes sometimes look great but when you get there the home needs too much TLC. Again it does not cost them a dime to use a professional Realtor.


Then there is the folks who will always use a Realtor over and over. Our loyal clients!  We appreciate you the most. 
and the horns blow.


So after that said, how much chance do you think FSBO's really have and do you really think they are saving money? Even if someone is interested in their home they will negotiate the price knowing they have already reduced it by at least the commission, so the buyer thinks they should reduce it even more.
I am not saying FSBO never sell their own homes but its very few that do. 

It takes more than just a class to sell a home for the most amount of money, in the least amount of time and the least convenience to the seller.


I for one would not worry at all. There is plenty of work out there if you know what your doing. 

FSBO' can be your target market for new listings!

What do you think about this subject?

Posted by

June Tassillo ~ Realtor/Broker/SFR Let me help you with the next phase of your life!

  

June Tassillo @ RE/MAX Elite Franklin, NC

June Tassillo Short Sales & Foreclosure Resource

  ~ June Tassillo ~

Realtor - Broker - SFR

RE/MAX Elite

1296 E. Main St. Franklin, NC 28734

Cell: (828) 371-2339

Email: junet@dnet.net

www.JunesRealtor.com

If you are Buying, Selling, Relocating or want a Second Home in the Franklin, NC area and need help from a Professional Real Estate Broker, I would be happy to assist you with the next phase of your life! Visit my Web Site & Be my Guest on our MLS and search for properties in Macon County, NC for free.

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Tags:
fsbo
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Show All Comments
Rainmaker
146,997
Krista Laulainen
Realty Trust Group - Portland, OR
Portland - Homes & Real Estate for Sale

very good points.  I hope consumers read this too

December 28, 2009 04:31 PM #1
Rainer
32,370
Susan Sawyer
Keller Williams Chervenic Realty - Hudson, OH
Real Estate Expert - Hudson Ohio

I find that most buyers are using a realtor and why not, buyers get to use our expertise for free!

December 28, 2009 04:34 PM #2
Rainer
38,433
Jennifer Grace
Elk Grove, CA
Jennifer Grace

These classes have been offered f-o-r-e-v-e-r.  Realtors have not gone away because of these.  I consider those classes the lowest of our threats.  In fact, if an agent taught them, you may get clients!

December 28, 2009 04:37 PM #3
Rainmaker
582,897
Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

I think anyone who has tried to sell their own home will be the best advertisement for using a Realtor, as it is difficult, time-consuming, and there simply cannot be the same amount of exposure as a Realtor can give the listing.  Some sellers think they will save money by not paying a commission, but statistics show that homes listed with a Realtor tend to sell for more money and more quickly. It's not magic - it's just that we have more resources and it is our full time job.  It's also good insurance for a seller who might otherwise fail to properly protect themselves.

December 28, 2009 04:48 PM #4
Rainmaker
362,135
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

I think that the entire business of real estate is changing and while I do agree that realtors are important, much of the information needed by buyers and sellers (not ALL of course) will be readily available, as opposed to 'the old days,' which means we (realtors) will need to be willing to change and adopt new ways of doing business. Also, the Buyers of the future (including now) know that they ultimately DO pay for a Buyer's Agent's fees.

Very exciting times out there! A bit scary too when one doesn't want to learn the foreclosure/short sale routine... but may have to!

P.S. All the best to you, June, in 2010!

December 28, 2009 05:55 PM #5
Rainmaker
281,804
Carra Riley
Author, Speaker, Consultant, Carra Riley Inc. - Williams, AZ
CRB, CRS, GRI

June,

Interesting question! I don't think it will have much of an impact on Realtors. People tend to trust experts in their field. I know I do! It usually work out best to have someone that knows what they're doing holding your hand. I guess we'll see what happens, though. Great post!

December 28, 2009 07:29 PM #6
Rainmaker
399,177
June Tassillo
RE/MAX Elite Realty - Franklin, NC
Let me help you with the next phase of your life!

Thanks for all your commnents... I am not worry about any classes being held myself unless its teaching me how to be the best I can be.

December 29, 2009 07:40 PM #7
Rainmaker
675,827
Mary Yonkers
Alan Kells 1-814-881-7548 - Erie, PA
Erie/PA Real Estate Instructor

June--Good response--yours and the comments to your post.  May I use this material in CE class I am teaching in Erie in 2010?

Smart real estate agent who taught the class and thus picking up clients.

Another tip:  Talk to FSBO's and ask for a list of lookers who did not buy their house.  I got a listing & sale this way.

December 30, 2009 10:01 AM #8
Rainmaker
399,177
June Tassillo
RE/MAX Elite Realty - Franklin, NC
Let me help you with the next phase of your life!

Mary ~ You are more than welcome to use anything on my blogs...  I feel honored!

December 30, 2009 10:09 AM #9
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Rainmaker
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June Tassillo

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