Buying A Home
Linz-E
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Another FSBO Question
Since we're listing on MLS also, I was wondering how it would work if an agent wants to show our house. Im not comfortable leaving a lock box, Id like to be here and even show my house myself. Is this possible?
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Re: Another FSBO Question
Sorry I didn't see this post before I posted on your last FSBO question. A Realtor is licensed and the lock box (if electronic Supra) can track those who have been in yoru house if there's been a problem; you could also call the agent's broker if there's been a problem.
Are you able to be home everytime a showing request comes through? Many agents show clients during the day and if you are at work, this can be a daunting task to have to be there every time.
It can be intimidating for the potential buyer to have the owner there while they are with their agent. If you don't feel comfortable having a lock box, maybe greet the agent, let them in with their buyers and leave them be. Allow at least an hour but some showings can be as quick as 15 minutes.
If someone contacts you directly, you would be the one to show your home, as you are acting as your own agent.
Thanks, Im available to show the house since Im working per diem until we move so we will not be doing a lock box. Were basically giving our house away at this point so if they want to make an offer on a house that is going to be listed for 15,000 less than the TAX assessed value I think theyre going to have to deal with me opening the door. Id be happy to get a sitter for DD and just read a book on the porch until they leave. Do you think that is fine? Thank you for the advice its helpful!
Tax assessed value has absolutely nothing to do with the actual market value of your home. Sorry you're selling at a loss, but you need to either accept it (practically everybody in America is selling at a loss these days) or rent your house out so you don't have to sell at a loss.
Anyways, you need to be gone. Period. Buyers are always weirded out when the owner is home. Your house just will not sell if you're there. Being on the porch isn't good enough either. We once looked at 2 different houses - they were both final contenders - and we didn't buy either one of them because their elderly women owners were out in the garden or on the deck. I was very conscious of how long I'd been in the house, whether she could hear me, and knowing that I had a person to associate with a house. We just couldn't feel comfortable while looking and imagine ourselves there.
Think of it this way: if your home was for sale with an agent, would you still insist on being there? If so, why? Do you believe you have that much stuff worthy of being stolen? Ok, get a security deposit box and put your valuables there. Are you freaked by the idea of any stranger being in your home, agent or buyer? I suggest you wait until you move on to your next location and sell the house vacant.
A vast percentage of FSBO listings never sell. It's because so many FSBO sellers are unrealistic and unprofessional and want to do things like be home for showings. You just can't. This is business and you need to play by the rules of the industry if you want a sale.
We've had good luck using buyselfrealty.com.
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Like I said in pp we've accepted were selling at a loss, which is why we had to cut our agent so we could take even more off the list price. Here, tax assessed value is usually 90% of a homes worth, so if we are listing at 10-15,000 below that Id consider someone very lucky. Id get that someone might be uncomfortable if we were there but seriously youre not going to buy a house because you put a face to it? Dont you see pictures in the house and put a face to it? I was comfortable with my agent knowing who was coming in because she keeps track of that. If someone calls and says Im so and so from so and so company how do I know who they really are? Id like to get a card when they show up Ill let them in and ask them to lock up when theyre done. And if a party without their own agent asks to see the house are they going to expect someone other than the owner show it? Just seems a bit ridiculous.
They actually advise you when selling, whether by owner or not, to remove personal items like pictures or calendars from the walls/fridge, etc precisely so the buyer can see themselves in the house. So I do think PP has a valid point with likening this to the owner being home.
We had to see one home with the owner there because he was an elderly man who had trouble moving, so both he and his caretaker were there. They were both very nice and in the living room, but it definitely did affect how we felt about it. We felt we had to whisper to each other and our realtor because we didn't want the owner overhearing what we said and what our thoughts were, especially if they were negative. We also couldn't see the living room very well because he was watching TV in there and we felt rude walking in front of him.
I think when you choose to sell your house yourself, you have to face some of the issues that come with that. Sure you don't have to pay a seller's agent, but there are other things you'll have to deal with like you're finding out. If someone calls who is not represented by an agent, then I think it's fine to let them in, but if a realtor calls and asks to set up a showing, I would not be home. I mean if you had an agent, would you still be home? Like PP suggested, lock away valuables if you are concerned about it.