I dread FSBO's because
- The sellers don't really know what they are doing. They read Selling Your Home for Dummies once and think they are experts....when in reality they are just winging it. So what ends up happening is the buyer's agents has to do double duty to hold the deal together. They gotta do twice the work for 1/2 the pay!
- FSBO's are notorious for slashing commissions. They don't realize if they don't compensate agents what they are worth, guess what, those agents are not going to show their property! Inventory of buyers plummets. The listing gets "blackballed"
- Selling a house is a full time job. FSBO sellers have their own jobs 40-60 hours a week. That is 40-60 hours they can not sufficiently service all the paperwork, inquiries, showings, open houses, disclosures, etc required to sell a property.