Throwback Radio Thursday - For Sale By Owner: Part Two
Published Thursday, October 22, 2020
Did you know that our very own Vince DePaul, Director of Your House Academy, started his career as a real estate broker and continuing education instructor in 1976? For ten years he produced and hosted a weekly, live call-in radio broadcast in Chicago called “Your House” where he was known as “Mr. Real Estate.” You will be able to read the content that Vince once broadcasted across the radio! The 9th topic we will be discussing today is for sale by owner, part two.
For sale by owner, or FSBO for short, is a term used for a certain method of selling a property. FSBO means that the owner of the property sells the property without the use of a broker or agent. Sellers who usually use this method want to try and avoid paying the real estate agent or broker commission on the sale. Let us go over the second reason why someone would want to FSBO their home.
Vince states, “You need to sell your home...but those real estate salespeople... they're pushy, and rude and they're only concerned about the commission. I am going to make a sign, run a few ads and sell my home by owner. That is the way to go... well, maybe not.
One reason people try to sell their home by owner is that they are just afraid of salespeople. They have had experiences where some pushy salesperson spent hours in their home trying to sell them something they just did not want. Real estate salespeople, however, are more like counselors and they are under a legal obligation to work for you, the seller. The only thing they are selling is themselves and the services they provide... that is the real estate reality and I am Vince DePaul.
Next week Vince will continue the conversation on for sale by owner with the third reason. See you next week!