All Forum Posts by: Ashley Wise

@Allen Phelps we shop bargains all the time. Snagged a $783 light fixture for $45 at local Restore—same with tile, trim, flooring. ;)

@Nick Rutkowski in our contractor biz we provide an estimate with a few thousand for unexpected expenses. I’d say get a bid or quote. Then they are locked in.

We have a house right now where we took a gamble on a new roofer. His estimate was literally $4k under what is should have been and mike and I are taking the hit from paying ourselves. That’s just integrity in my opinion—we pay our crew but mike and I are literally making less than $1,000 for a total renovation. It’s just part of it—expensive lesson for us and we will always use our experiences roofer from now on. ;)

@Jonathan Partsch I rock at design on a budget. Happy to help. I can send pictures of my two most recent projects :)

@Account Closed It's not really anything that shocks me. There are plenty of agents in my area "selling" homes for clients and the price is wrong, there is little to no marketing. I mean, I look for homes for investors on the MLS with bargaining power--as in, lengthy days on market with no action. It does take work to sell a home--and there are plenty of old school agents still "doing things" the "old school" way. :-)

it's also true that less that 8% of homes sold last year because of an open house--yet some agents still swear by them. 

@Brian Pulaski I'm not sure whether the stats include a flat fee listing like you describe--I would assume that, yes, they do, and ethically an agent isn't to steer a client away from any FSBO. For me, as a social media marketing coach/teacher, it's all about the proper marketing and being where your buyers are searching. MLS def helps.

@Chris Jensen "Statistics show that selling your home with the assistance of a professional real estate agent will garner you a higher profit, enough to cover the commission as well as put more money in your pocket. According to the National Association of Realtor®'s 2016 Profile of Home Buyers and Sellers, the average FSBO sales price was $185,000, while the average price for a home represented by an agent was $245,000. That's a difference of $60,000!"

Here is the link to that article....this is a pretty accurate stat. https://www.realtor.com/advice/sell/why-fsbo-sales...

When I talk with sellers who are thinking of going FSBO, I tend to use the example of a signing with a publisher. Sure, you can write you own book and self-publish--keeping 100% of what you make and you'll be lucky to sell 2,500 books. Or you can sign with a publishing house, give them 30% of whatever is made from selling books, have the benefits of massive exposure and their expertise and make significantly more with less headache.

The last FSBO I toured it was obvious this man hadn't done a CMA, was thinking the fixes in the home were going to be cheaper than they actually were and felt he could charge $60K more because the lot was the largest lot in the neighborhood. It was very apparent he was emotionally wrapped up--he was selling the home he and his wife raised their kiddos in. So, obviously emotional for him--but that didn't mean he could charge as much as the house that had been completely remodeled and updated down the street with a .25 acre smaller lot. I felt badly for him---and the home is still "For Sale By Owner"--with his only advertising being 1 small rider type sign at the entrance of the subdivision and right in front of the house.....

Here's another link: https://www.upnest.com/1/post/reasons-fsbo-sellers...

@Erin Elam Meaning there are not enough rentals to meet the demand. 

Im unsure of the NY laws as I'm in Missouri, but from my personal and professional experience a good property manager is worth their weight in gold.

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