Asking Price: $475,000 (“Yeah, Right!”)
I’ve previously documented examples of FSBO (“For Sale by Owner”) mistakes.
See, “FSBO Mistake #4“; “FSBO Mistake #37.”
So, what’s FSBO mistake #1 (and #2 and #3)?
Mispricing (want to guess which direction?).
Latest Example
Exhibit A would be this 1 1/2 story home a few blocks east of Lake Calhoun that came on the market this morning, aggressively priced at $475,000(!), as they say.
Of course, the second most common FSBO mistake is poor marketing.
Here’s a shocker: the two usually go hand-in-hand.
As the Cal Tech football team likes to brag, “we may be small . . . but we’re slow.”
