Big Way To Make $$$$ With FSBO Sites
 

Hello My Friends,

I have seen many FSBO come and go in my area. I think it's an awesome idea, but most people who start this enterprise go buy it all wrong. HEre's what you must cosider:

#1: The owner who's trying to sell his or her own property doesn't want to spend big $$$$ to sell it. That's why they don't want to use a real-estate person. *They won't pay for a $995 package.

#2: The owner also wants to sell the property quick, which is why they don't want to use a real-estate person. Most real-estate companies do nothing less than getting it listed in the MLS. Some don't even do an open house. This is why 70% plus of homes that are listed never sell.

#3. A large % of people looking for FSBO’s have been turned down by traditional funding sources such as magor banks.

So...you have to offer these FSBO guys some huge value and reason to use your on-line services. *By the way, I like the idea of combining a newspaper with an internet web-site.

Solve the FSBO's problems....

Here's what you do:

#1. Sell the FSBO an ad at $25 - $99. That's very cheap. You'll still make a profit in the newspaper business and on the internet. * For a FSBO newspaper, you'll pay about $12 per page and if you get 4 ads on a page for $50 each, you'll make a profit. (But..that's not the good part)

#2. Offer the FSBO to give you leads of people who don't have financing and provide a service to help these people. All you have to do is contract with several mortgage companies who specialize in financing those with less than desirable credit. You may also get set up with companies that offer non-traditional funding concepts using private investors. *** This is the service that makes you the big $$$$$.

Think about it....

The FSBO marketing business will make you a profit, but it really serves as a lead source to find you potential mortgage clients. This is where you'll make thousands per deal.

It works......

I know.....

My real-estate mentor does it....and he loves it.

Good Success!!!

Vondre'
The "BIG BRAIN: Entrepreneur!!!

If You Don't Like Houses, Try Computers!!! *It's an untapped market!!!
http://www.sellcomputerslikecrazy.com




I Sell Pre-owned Computers Almost Daily!!

Re: Big Way To Make $$$$ With FSBO Sites
 

Hi Vondre
Good post.
But I must take you up on one thing--

> #1: The owner who's trying to sell his or
> her own property doesn't want to spend big
> $$$$ to sell it. That's why they don't want
> to use a real-estate person. *They won't pay
> for a $995 package.

This is a case of different markets, I suspect.
In Sydney or Melbourne, people will most definitely pay $995. Just to clarify, I saved $14000 agents commission PLUS advertising cost of $2500. THAT is big money, not the $995.

That's why I said in an earlier post, your situation will be dictated by whether you live in a large competitive city with booming Real Estate or not.

The market here appears to be totally different from your one--the auction clearance rates for Sydney property(auctions ONLY) are over 65%, tending to be close to 80% in springtime.

We don't have 70% of properties languishing without being sold here.

So it's all relative, I guess.

Cheers

Tom B.

Re: Big Way To Make $$$$ With FSBO Sites
 

Agreed...

Different market, different circumstances...

Vondre'
The "BIG BRAIN" Entrepreneur!!!

This is How I Do It!!!
http://www.sellcomputerslikecrazy.com


Still CRAZY Selling PC's Off-line!!!

Re: Big Way To Make $$$$ With FSBO Sites
 

Vondre you wrote:

> The FSBO marketing business will make you a
> profit, but it really serves as a lead
> source to find you potential mortgage
> clients. This is where you'll make thousands
> per deal.

How exactly would this work? Would you simply pass on the lead to one of your sources and then collect a percentage, or flat rate if they manage to help the lead? Also, how can you be assured that the source will honor your agreement?

Chet

Re: Big Way To Make $$$$ With FSBO Sites
 

Hello My Friend,

How exactly would this work? Would you simply pass on the lead to one of your sources and then collect a percentage, or flat rate if they manage to help the lead? Also, how can you be assured that the source will honor your agreement?

You will have to contact various mortgage companies. Their agreements will differ depending on what you provide.

Some companies will pay you a set fee. Others will pay you a percentage if the deal goes through. Some will pay you even more if you handle the majority of the paper work.

I hope this helps.

Good Success!!!

Vondre'
The "BIG BRAIN" Entrepreneur!!!

Sell Computers Like A Wild Maniac!!!
http://www.sellcomputerslikecrazy.com




The New Way To Get Residual Income!!!