Sunday, May 1, 2011

WHAT'S UP WITH FSBOs IN COCONUT GROVE

Ever-more a rarity, I still see homeowners trying the FSBO (for sale by owner) route in Coconut Grove, as these few who dare to go it alone believe to become leading Coconut Grove experts is solely a function of putting up a "FOR SALE" sign. Sylvia Cherry and I spend thousands on each listing in Internet marketing costs and for sales promotional materials. About 85 percent of those who want to sell hire experts like The Cherry Group and some 17 percent try representing themselves, but usually last 30 days before they realize what a fruitless endeavor it really is. Almost always, we negotiate more for a property and the homeowner nets more (even after commissions) than the FSBO. I don't understand why one wouldn't attempt his own dentistry, appendectomy or court representation, yet believes he can perform a function requiring a license and years of experience.

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