Still not convinced? Are you thinking about giving traditional FSBO a shot first by listing for free on Zillow? Be forewarned that you will be bombarded by inquiries not from buyers, but from junior agents who target traditional FSBO listings as a source of cold call leads for potential listing clients.
Don’t mistake the “activity” you’ll be getting from your listing from trollish agents as a sign that your listing is “hot.” Is it anything but that.
Moreover, if you’re smart you will use a disposable email address and phone number for your traditional FSBO listing. There will be tons of agent inquiries coming your way purely to solicit and harass you. There will also be many seemingly “unrepresented” buyers contacting you in order to get a response from you and completely disappearing. These are usually fake email accounts purely meant to make you reveal your contact information!
How do we know this? Because once you have a real listing up through a traditional REBNY Member Firm you will see that over 99% of inquiries will come from RLS (buyers’ agents) or StreetEasy. You may get one or two inquiries from Zillow and Trulia.
Once you’re listed by an affiliate REBNY Member Firm there will be no point for any agent to solicit you. Not only is this because they won’t have anything additional to offer since you’d already be receiving full buyer exposure, but it’d also be against REBNY rules to do so. REBNY fines for solicitation range up to $10,000 in penalties for the third violation.
As a result, don’t you think it’s a little odd that you’re getting so many inquiries on your Zillow FSBO listing? Trust me, you’re not just magically receiving attention from so many buyers’ agents who actually want to risk working with you!