FSBO vs RE agency - Posted by Panos A.(NY)

Posted by michaela on June 23, 2002 at 06:18:03:

also, the realtor has the responsibility to represent the seller in setting a selling price truest to market value. the agent will leave him/herself open to a lawsuit, if they undervalue the house and the seller later on finds out. (i have heard of those suits). so, with the research the agent is supposed to do, the seller will be more educated as to the true value of the property and it’s more difficult to get a great deal. sure, it’s possible. also, an agent, that is not very versed in creative financing techniques might discourage a seller to accept a creative offer and you won’t have the chance to really explain it to the seller

FSBO vs RE agency - Posted by Panos A.(NY)

Posted by Panos A.(NY) on June 23, 2002 at 03:24:28:

what r the differences between a FSBO and going through realtors? Is it that when I see a house 4 sale by a real estate agency it means that they’re asking FMV so there’s no room for profit or…?
thanks for any responce and for every responce that I’ve gotten so far. this is a nice place to be :slight_smile:

Re: FSBO vs RE agency - Posted by JX

Posted by JX on June 23, 2002 at 03:58:59:

FSBO=For Sale By Owner=owner sells home themselves
Realtors=they sell homes for the owners

Just because a house has a set price tag on it, doesn’t mean you can’t offer less. It’s easier to negotiate with a FSBO and do a no money down deal.