Seeing lots of FSBOs in your market?

[Steve Vaughan]

Wondering if others are seeing in their market what I'm seeing in mine? 

FSBOs as a % of homes for sale seems a lot higher than I normally see.

I have 5 older / transitioning friends selling their homes now through August. 4 are $500-575k houses, one over $900k.  I am sad to see them leave,  also surprised they are handling their long-time primary homes on their own.   

Additionally, the last 3 estate sales and 2 yard sales I went to plan to sell FSBO also.i ran out of cards. Always ask.

Main reason?  Commissions of course.  Most think it's 6%, but all mine over $200k have been 5%.  Agents should get the word out its 5% (if so). 

Other main reason?  Assumptions of ease.   Easy to value,  market, produce and negotiate offers., etc.  Surprised by this since I know dealing with buyers and knowing all the disclosures etc isn't common knowledge. 

Agents- I think there is a commission level where price resistance will drop.  My $950k house friend won't let anyone charge him $50k to do what he thinks he can do.  Same with the $550k people.  $30k is a lot of $. If the numbers were closer to $29k and $19k I think they'd feel different. 

Do realtors / agents see what's happening?  Better 4% of something than 100% of nothing I would think. With values rising so quickly, do you all seriously plan to keep it the presumed, antiquated 6% forever?  If so, I expect more sellers to say forget you, I'll do it myself.