Should I put a For Sale By Owner FSBO sign in my yard?

Answer:

Absolutely not.

A FSBO yard sign can act like a magnet for the all the wrong reasons.

Bargain basement or unqualified buyers will kick tires and waste your valuable time.

Not only that, but a FSBO yard sign often leads to endless calls from rookie real estate agents trying to convert you into a client.

But most importantly, a FSBO sign will keep real estate agents from bringing their clients to see your home.

For-Sale-By-Owner signs attract 3 kinds of people that most sellers don’t want to hear from:

  1. Real estate agents who just got their license that have no clients or experience. Their broker tells them to start by calling FSBO leads.

2. Buyers who have bad credit and no money–typically looking for a seller who will owner finance or do a lease-option.

3. Recent real estate seminar graduates / wannabe-millionaires who are taught that if they call enough FSBOs they will eventually find a seller dumb enough to sign over his house for no money down.

Buyers who are ready to buy now want to see a wide selection of houses so they can compare and make the best choice. Even buyers who hate real estate agents usually end up using one to buy a house. They figure the seller is paying the commission anyway, and they will find the right house quicker with a real estate agent. Pursuing For-Sale-By-Owner houses one-at-a-time is time consuming.

Anyone who has taken the time to call enough For-Sale-By-Owner houses will eventually experience these statistics: Half of them are significantly over-priced, and one out of ten is a seller who is either eccentric or downright nuts. After having these experiences, many qualified buyers tend to perceive For-Sale-By-Owner houses as a waste of time, and pursue houses that are MLS listed.

When agents set up showings for your home in the MLS, they know that their commission is guaranteed by the listing agent if their buyer buys the home. When agents show up and see a “For-Sale-By-Owner” yard sign, they may skip the showing and drive off.

They may assume that either the home is no longer in MLS, or they are afraid the buyer will cut them out and deal direct with the seller. Either way, they lose their commission. This explains why “drive offs” are common when there is a For-Sale-By-Owner sign, while the seller is wondering why agents set up showings and never show up.

In the experience of many agents, FSBO’s can be hard to work with, or worse, they may not pay a traditional 3% buyer’s agent commission.

A great flat fee broker will provide you with a professionally branded sign with THEIR phone number. They will respond to initial inquiries and qualify potential buyers before you ever speak with them.

5signs

All of our signs have a local phone number for your area (toll free number available).

MLS rules prohibit us from putting a seller’s phone number on an MLS member’s real estate company sign.

When a buyer calls us, we refer them directly to the number you provide to answer questions and set up showings.

We provide you with a sturdy “L angle” steel frame, similar to the best frame you could by at Lowe’s or Home Depot. We pre-drill holes in the side to mount the flyer box. All bolts, nuts, and screws needed for complete assembly are included with every sign.CVsignflyer

You also receive a quality flyer box that holds up to 100 standard letter sized flyers and have a lid to protect from the elements (results may vary).

The plexi-glass front allows prospects (and nosey neighbors) to easily see when the box has flyers in it.

There are pre-drilled holes to attach it to the sign frame.

Click here to order a professional real estate yard sign from us.

By | 2015-04-16T03:33:17+00:00 April 16th, 2015|Showings Questions|