FSBO Vs. Agent Assistance - Posted by Houserookie
Posted by Houserookie on December 07, 2000 at 18:04:26:
Seems like even the experts on this board disagree on the best methods to acquire properties.
For one, some believe FSBOs are the way to go. Others like,
Mr. Cook, believe making offers through agents is the only way.
My experience has been that FSBOs are the most difficult and time consuming. If you think explaining to agents is hard, try doing step by step with a FSBO on doing an option and then flip the contract to investor, subject to
you or the seller finding a buyer. : )
Secondly, most for sale by owners want just as much if not more than through agents. DO YOU THINK FSBOS WANT LESS SIMPLY BECAUSE an agent is not involved? FSBOs sell on their own not to save the buyer money but because they want to take more from the closing table.
A good freind of mine in Texas used to call every FSBO on the market. After 13 months he learns to stay away from them. Today he does 6-10 deals a month, average profit $14,000 each.
He does admit though that he deals with FSBO every now and then. But does so WITHOUT explaing anything to them. He just signs a purchase a agreemnt subject to…