Yesterday afternoon, as i was preparing to leave our office i received a telephone call that pretty much summed up my entire week.
The caller was a FSBO who told us they have a home in Ocala which they want to sell.
They started explaining the home to me as well as the price.
The home is a 4bedroom,2ba, Single Family Home. It`s located on 1acre of land.
They`re asking $160,000.
We deal a lot with FSBO`s so I quite naturally asked what the commission was.
Normally, an informed FSBO is smart enough to offer a "Buyer`s Agent" a 3% commission paid at closing.
After all that`s why they contact every Realtor in town in hopes of attracting some interest.
Majority of FSBO`s are well informed this one wasn`t.
The Conversation is as follows:
FSBO: Our home has to be sold on Sunday, No if`s and or but`s!
Me: The price you`re asking seems fair. We may have a client who maybe interested in viewing your home "What are you offering for a commission" if i may ask?
FSBO: Commission? We`re not offering the Realtors any commission. We feel you should collect a fee directly from the buyer for our "Beautiful" home. Why should we pay a commission when the price is right?
Me: Well for one thing if you`re contacting Realtors throughout Ocala, it`s assumed you as the Seller would be offering us as the Realtors a commission. That`s normally how it works!
Having a buyer compensate our fee isn`t likely!
FSBO: Well, we`re not offering a commission, if you`re not interested in taking a buyer to see our "BEAUTIFUL" home, and have them compensate you don`t come! My husband and I will not pay you or any Realtor a commission!
Me: How many other Realtors have you called if i may ask?
FSBO: So far we`ve contacted you and two other Realtors, they all said the same thing you`re saying! What kind of people are you Realtors,anyway?
Me: You`re right, it`s really sad that a Realtor would be asking for any compensation from a person who is looking to sell their home and is contacting every Realtor in Ocala to "Get the word out" about your home and than not pay anyone a commission.
FSBO: We`re glad you see it our way. We hope to see you there!
With that Ms. FSBO hangs up,excited at the prospect someone will actually bring a buyer to their home in hopes of having it sold and collect a fee from the buyer no less....
It`s been one of those crazy weeks,I`m really glad the call came in on Friday afternoon, I needed a good laugh on my way home!
The caller was a FSBO who told us they have a home in Ocala which they want to sell.
They started explaining the home to me as well as the price.
The home is a 4bedroom,2ba, Single Family Home. It`s located on 1acre of land.
They`re asking $160,000.
We deal a lot with FSBO`s so I quite naturally asked what the commission was.
Normally, an informed FSBO is smart enough to offer a "Buyer`s Agent" a 3% commission paid at closing.
After all that`s why they contact every Realtor in town in hopes of attracting some interest.
Majority of FSBO`s are well informed this one wasn`t.
The Conversation is as follows:
FSBO: Our home has to be sold on Sunday, No if`s and or but`s!
Me: The price you`re asking seems fair. We may have a client who maybe interested in viewing your home "What are you offering for a commission" if i may ask?
FSBO: Commission? We`re not offering the Realtors any commission. We feel you should collect a fee directly from the buyer for our "Beautiful" home. Why should we pay a commission when the price is right?
Me: Well for one thing if you`re contacting Realtors throughout Ocala, it`s assumed you as the Seller would be offering us as the Realtors a commission. That`s normally how it works!
Having a buyer compensate our fee isn`t likely!
FSBO: Well, we`re not offering a commission, if you`re not interested in taking a buyer to see our "BEAUTIFUL" home, and have them compensate you don`t come! My husband and I will not pay you or any Realtor a commission!
Me: How many other Realtors have you called if i may ask?
FSBO: So far we`ve contacted you and two other Realtors, they all said the same thing you`re saying! What kind of people are you Realtors,anyway?
Me: You`re right, it`s really sad that a Realtor would be asking for any compensation from a person who is looking to sell their home and is contacting every Realtor in Ocala to "Get the word out" about your home and than not pay anyone a commission.
FSBO: We`re glad you see it our way. We hope to see you there!
With that Ms. FSBO hangs up,excited at the prospect someone will actually bring a buyer to their home in hopes of having it sold and collect a fee from the buyer no less....
It`s been one of those crazy weeks,I`m really glad the call came in on Friday afternoon, I needed a good laugh on my way home!
"Due to the extremely low price, Realtors bringing buyers need to add their commision to the final sales price in the form of a buyers premium."
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