Larson Educational Services is the premier education provider in SW Florida. We are a Real Estate, CAM and Mortgage Loan Originator School. Classes are available in Fort Myers, Naples and Online.
Come join the Larson family. Sign up for classes at LarsonEd.com
About Larson Educational Services:
Utilizing 40 years of real estate training and professional education experience, Florida real estate school Larson Educational Services is the premier provider of Florida real estate licensing, exam preparation, post-licensing, CAM licensing, mortgage loan originator licensing, and continuing education in Southwest Florida. Classes are available in Fort Myers, Naples, Sarasota, and online. We are an approved Florida Real Estate School (License #ZH1002299), Florida CAM School (License #PRE31), Florida Insurance School (License # 370501) and NMLS Approved Course Provider.
When was the last time you had an amazing mailman?
How about custodial crews--do you look at the spotless floors of a supermarket or restaurant and think, "Wow, the cleaning crew here is amazing"?
Not likely.
Odds are, you notice when a place is dirty and pay no mind when it's clean.
Same goes for mailmen: we don't thank the mailman for giving us all of our mail on time, we only curse him when he fails to do so.
These are often thankless jobs that are being accomplished to their utmost potential when the people carrying them out are unnoticed.
Is it possible that real estate agents are in this category?
The Super Star agents are the ones who can anticipate problems and, as a result, have a solution at the ready.
When people (in any industry) do this successfully, their work often goes unnoticed in the short term.
But over time, if you are consistent, your ability to smooth out transactions and make life generally easier for your clients will yield more business.
The key is to put in work that may be invisible to the world for a while.
About Larson Educational Services:
Utilizing 40 years of real estate training and professional education experience, Florida real estate school Larson Educational Services is the premier provider of Florida real estate licensing, exam preparation, post-licensing, CAM licensing, mortgage loan originator licensing, and continuing education in Southwest Florida. Classes are available in Fort Myers, Naples, Sarasota, and online. We are an approved Florida Real Estate School (License #ZH1002299), Florida CAM School (License #PRE31), Florida Insurance School (License # 370501) and NMLS Approved Course Provider.
On average, FSBO listings will take longer to sell than agent listings. Unless the person selling without representation already knows a person who wants to take the property, this can mean a lot more time spent on the market.
If an FSBO runs into a problem or has a question, they are all alone. Real estate agents have mentors and brokers to go to for help—agents have a network to go to for support. FSBOs do not.
7. Marketing is harder than it looks
FSBOs often underestimate the difficulty of listing and selling their home.
Think putting up a yard sign will be enough to sell your home? You're not alone.
33% of FSBOs rely on yard signs to market their home.
But what many of these sellers don't realize is that getting on the MLS is not necessarily enough to make the sale.
Again, as an agent you have a network of connections and prospects who might be interested in a home that would otherwise sit unsold for an FSBO.
8. Less money, more problems
The name of the game for FSBOs is saving money.
However, odds are good that a for sale by owner will be nickel and dimed until their commission savings are nullified.
How much will the home inspection cost? What about signage and flyers? How about that home warranty? The list of small costs that are a necessary part of the sales process can add up.
And that's to say nothing of the investment of time required for an FSBO.
Without the same resources as an agent, FSBOs wind up making a large investment of time to sell their home.
Utilizing 40 years of real estate training and professional education experience, Florida real estate school Larson Educational Services is the premier provider of Florida real estate licensing, exam preparation, post-licensing, CAM licensing, mortgage loan originator licensing, and continuing education in Southwest Florida. Classes are available in Fort Myers, Naples, Sarasota, and online. We are an approved Florida Real Estate School (License #ZH1002299), Florida CAM School (License #PRE31), Florida Insurance School (License # 370501) and NMLS Approved Course Provider.
We all like to save a few bucks here and there, especially when it comes to home ownership.
But some boot-strapping home owners take DIY too far.
Sure, it makes sense to teach yourself how to fix a leaky faucet or replace a broken door hinge.
But at what point does this self reliance go too far?
The answer: when you decide to sell your home yourself.
Some people see listing their home for sale by owner (or FSBO) as a way to save an agent's commission for themselves.
"I can put a few signs in the front yard," they tell themselves. "And what's so hard about taking some pictures and posting them online?"
Actually, a whole lot about real estate photography is easy to overlook. For starters, getting rid of the stuffed animals and Simpsons-esque furniture. (Photo courtesy of terribleagentphotos.com)
What they don't realize, however, is that their choice to go it alone could potentially cost them a lot of time and money.
So how do you turn FSBOs into a client?
In short, through education.
Inform FSBOs of the risks they're unwittingly taking on and explain the possible negative implications of those risks.
1. The potential for scams
FSBO sales create the potential for fraud by both parties.
Some FSBO sellers will ask that their buyer go forward without an agent as well. "We can make this deal without either of us losing money to an agent," they might say.
Hoping to save a few extra dollars in the deal, the buyer might agree, throwing down an earnest money deposit in the process. If the FSBO decides they don't like the deal, the buyer might be out of luck without a valid contract or receipt, saying goodbye to their EMD.
FSBO scams can include producing fake papers, such as appraisals or loan documentation, or purchases through a fake third party, like a non-existent attorney.
Ask an FSBO why they would open themselves up to these potential scams. Tell them you're a trained professional who specializes in these transactions and, believe it or not, they're not as easy to pull off as they might seem.
Maybe the FSBO did a Google search and found a one-size-fits-all contract and thought their work was done. But do they actually understand what's on that contract? Are they capable of customizing it?
Ask the FSBO how valuable their time is and how it could be used in better ways than learning the ins and outs of real estate contracts they may use only a few times in their life.
Sales contracts, lead paint disclosures, property disclosures—inform the FSBO that any missteps in these papers can lead to legal problems that could've been easily foreseen by a real estate agent.
3. Bad deals
FSBOs aren't as practiced or as knowledgable at finding discrepancies in contracts before signing on the dotted line. For example, let them know that they may have to pay lots of money to back out of a bad deal if there are some oversights in their paperwork. You can help save them that money and headache.
4. They'll get less money
FSBOs make about 16% less than median sales prices. This could be due in large part to them not having the time or resources to devote to understanding their home's market value. Likewise, they may not know how to accurately read market reports, and they might not know how to create a proper marketing campaign.
Utilizing 40 years of real estate training and professional education experience, Florida real estate school Larson Educational Services is the premier provider of Florida real estate licensing, exam preparation, post-licensing, CAM licensing, mortgage loan originator licensing, and continuing education in Southwest Florida. Classes are available in Fort Myers, Naples, Sarasota, and online. We are an approved Florida Real Estate School (License #ZH1002299), Florida CAM School (License #PRE31), Florida Insurance School (License # 370501) and NMLS Approved Course Provider.
Do you think LarsonEd is the best family-owned business in Fort Myers?
Heck, maybe you just think LarsonEd is the WACKIEST family-owned business.
Either way, we humbly ask for your vote in Gulfshore Business Magazine's "Best of Business" awards.
Just follow the link below and put in "Larson Educational Services" for #20, Best Family-Owned Business...but only if you think we deserve it (spoiler alert: you do).
