Neighborhoods and Activities in Baton Rouge

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I'm Not Miss Clairol and You Are Not a REALTOR

In this Do-It-Yourself world here are some really good reasons why we should stick to the areas we are skilled at handling.  I laughed out loud at the New Orleans West Bank Realtors self-assessment.

To her list of why not do for sale by owner I would add:

-Explaining why you won't come down 9% more since you don't have a RE commission and everyone pays closing costs these days.

-Trying to decifer if these are real clients or just scam artists scoping out the furnishings in your home to come back later for a robbery.

 

In an attempt to save time and money, I decided recently to color my own hair. After all, they sell hair color in every drug and grocery store and I’ve watched my hair dresser do it time and time again. How hard could it be, right?

Salon hair dryers.

Well, apparently there can be some unexpected results when you are a do-it-yourself hair dresser. In my case, they included:

  • The need to buy a replacement towel for the one that now has purple spots all over it (no, I did not dye my hair purple, that’s just the color of the stains)
  • Buying a replacement for the ruined Tshirt I was wearing
  • Buying more color to cover the places I missed since even my super power mom eyes don’t allow me to see the back of my own head
  • Buying paint to cover the stains on the baseboard – how the heck did it get there???
  • A color job that was OK, but wasn't anywhere near as good as a professional would have achieved

 

That’s just to cover a few grays. What if I tackled something bigger? If you are considering the DIY method of selling your home known as For Sale by Owner, you should be prepared for a few surprises along the way as well. It’s easy to assume that it just can’t be that hard, but some of the unexpected things that might catch you off guard are:

  • Lost time from work while showing your home (and waiting for the no-shows that scheduled an appointment to see it). Buyers want to see homes when they want to see them and if your schedule conflicts with theirs it will mean making a choice between taking time from work to show the house or letting them move on to choose another.
  • Lots of time spent on the phone explaining to potential buyers why they need to be preapproved for a mortgage and providing them contact information for local lenders. Do you know at least 3 reputable lenders to refer them to?
  • Time spent explaining to potential buyers why you will not carry their mortgage…or give them down payment assistance…or allow them to just rent the house for three years while they “fix” their credit. Put on a pot of coffee and break out the tissues to deal with all of the sob stories you’ll hear once they’ve got you on the phone.
  • Wasted afternoons when no one shows up for your open house except the neighbors who always wanted a peek at the kitchen remodel.

 

I learned my lesson the hard way. You don’t have to.

 


The West Bank Living Team provides buyer and seller representation with a dash of fun thrown in. Need more info? Contact us and we’ll show you how we can help with any of your real estate needs. Just don’t ask us to color your hair.


 

Originally published at West Bank Living

Comment balloon 2 commentsAnn Dail • December 08 2010 01:34PM

Comments

Ann,  Great post. This is a good list for sellers trying to sell FSBO to think about.

 

P.S. I hope your hair came out OK. Have a great day and I will talk with you soon.

 

 

Posted by Jason Stewart, "Exceeding Your Expectations" (Keller Williams Realty - Red Stick Partners) almost 9 years ago

In our experience, the FSBO generalizations are stale.  Our business model is to provide marketing services to FSBO sellers.  Our clients understand exposure, they understand pricing, and they have done their research.  Some of our clients are from real estate broker/agent referrals.  For example, I know of comparable homes (same street, three houses apart) where the FSBO sold for a higher price than the broker retained home.  FSBO seller netted $15k+ bottom line difference. The business is changing and old stereotypes die hard.  They are just not valid in the Columbia Gorge region.

Working with and assisting FSBO's is the way to go.  Selling FSBO takes commitment on the seller's part.  Not all FSBO's have the time or ability to commit. Working with them shows the value proposition which makes it easy to sign up, whether it is traditional commission compensation or a fee for service situation.  Providing alternatives allows them to find the right fit for them.

Mel

Posted by Mel Ahrens, MBA, Kelly Right Real Estate, Customized Choices for your Real Estate Needs (Kelly Right Real Estate) almost 9 years ago

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