Is Selling FSBO Ever A Good Idea?

[Lorraine Hadden]

In the years that I've represented primarily BUYERS, I find that there has been challenges navigating transactions where the seller is a For-Sale-By-Owner (FSBO) AND inexperienced in handling a real estate transaction. Some FSBO transactions were smooth but others were challenging. In CA a third party, escrow agent, generally holds the EDM, but at times, the FSBO wants to hold the EDM or is unaware of how to hold the EDM. Other challenges also included ,1. FSBO sellers who had a difficult time screening the buyers. 2) Home Pricing Errors. 3) Negotiation challenges.

I think it take a special buyer's agent to complete a deal, from contract to close, with a FSBO listing on the other side of the table.

If you have worked a FSBO transaction (either representing the buyer or ultimately the seller who list the property after attempting a FSBO deal), SHARE YOUR EXPERIENCE!!!