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.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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