For Sale by Owner (FSBO) listings are properties sold directly by the owner. Sellers often choose this route to save on the commission fees typically paid to a seller’s agent and to personally manage the marketing, showings, negotiations, and paperwork. FSBO sellers usually offer to pay a buyer’s agent, saving about 3% of their sales price overall.
FSBO properties typically make up about 7-10% of all active listings.
Before contacting a FSBO prospect, it’s crucial to understand their perspective:
Approach each FSBO homeowner with an open mind and a willingness to learn about their situation. Engage in conversations to uncover their concerns and frustrations, as well as where they might need help.
Avoid asking to list their home initially. Instead, acknowledge their concerns and offer helpful solutions and suggestions without expecting to secure their business immediately. Demonstrating your value as an agent through genuine assistance will help FSBO homeowners recognize your professional worth.
Search the following sites DAILY:
Confirm the address is not listed on the MLS before making your initial call.
FSBO lead services can build a list and track down addresses and phone numbers for you, typically charging a monthly fee with an easy-out cancellation policy.
Once you’ve scheduled an appointment to view the home, leave a FSBO Package with them. If a preview appointment can’t be scheduled, deliver the package within two days of your initial call. Don't have a FSBO package? Allow our team to hand craft one for you!
A FSBO Package should include:
Intro Letter
Agent Resume
A My Services vs Theirs Comparison
"Preparing Your Home to Sell" Handout
Week 1:
Skipping the first week can be advantageous as homeowners are often inundated with contacts from agents during this period. Start your marketing efforts in week two.
Week 2:
Monday: Call #1 - Introduction | First Call
Tuesday: Email #1 - FSBO Prospecting Letter
Wednesday: Drop Off FSBO Packet
Thursday: Call #2 - Follow-Up Call
Friday: Social Media Engagement
Week 3:
Monday: Call #3 - Service Offer Call
Tuesday: Email #2 - Value Email
Wednesday: Drop By - Quick Visit
Thursday: Call #4 - Problem-Solving Call
Friday: Social Media Follow-Up
The condition of the home can significantly affect its appeal. This checklist offers a systematic approach to enhancing the home’s sales appeal:
(You can download a PDF Version of this checklist for easy printing here!)
Clean and Declutter
Repairs and Maintenance
Enhancements
Staging
Final Touches
Following these tips will ensure that you sell more homes and provide a lot more value to FSBO sellers. Get in touch with our team here at Desert West Digital and let us help you come up with a custom FSBO system!