A FSBO prospecting plan is a necessity for real estate agents looking to successfully convert For Sale By Owner (FSBO) sellers into listings. A very small percentage of FSBO sellers are converted into listings from the first contact you have with them. Therefore, a FSBO Prospecting plan that keeps agents in contact with FSBO sellers for 6 to 8 weeks is crucial for increasing listing conversion rates.

Watch as Icenhower Coaching & Consulting’s founder Brian Icenhower explains the importance of follow-up and having a FSBO prospecting plan in this brief video segment from ICC’s online course on real estate prospecting.

FSBO Prospecting Plan Components

Make sure to add FSBO contacts to your CRM and set them on a 6-8 week FSBO prospecting plan where you make contact with them a minimum of 5-6 times. The best way to convert a FSBO listing to your listing is to prove that you are a problem-solver. Your services, tools, and strategies have value to homeowners looking to sell their property and those wanting to buy a home. With FSBOs, you’re not looking to find fault with their efforts so much as exhibit a vast difference between your level of systems and theirs.

During the six or so weeks of working through your FSBO prospecting plan, you’ll need to contact them at least 5 or 6 times, through email or by personally dropping off helpful information at the home. But the very best way to connect and establish rapport is with a personal phone call, and we highly suggest one phone call a week for every FSBO seller that you’re beginning to build a relationship with.

FSBO Prospecting Plan Value-Adds

  1. Set FSBO Sellers up on listing eAlert emails so they can stay update on other listings & sales in their neighborhood.
  2. Send or drop off a Comparative Market Analysis (CMA) for their home
  3. Send or drop off a pre-listing consultation packet.
  4. Coordinate a joint open house with them to send traffic to each other’s open houses. Also give them an open house guest list form and some signs to use.
  5. Show the FSBO home to as many of your buyer clients as possible.
  6. Call them with updates about every home in their neighborhood that is just listed, goes sale pending/under contract, and sells. Keep them informed and explain how these status changes impact their homes’ values.

The Seller Lead Sheet & How Agents Use One

How & When to Hire a Buyer’s Agent

Real Estate Team Organizational Structure

Pre-Listing Package Contents & Strategies

Real Estate Farming Methods

Buyer’s Agent Job Description

Listing Presentation Scripts & Dialogues

The Best Way to Contact your Sphere of Influence

Lead Follow Up Scripts & Methods

Compensating & Training Inside Sales Agents – ISAs

Open House Guest Lists – Scripts to Get Them Filled Out

Ways to Grow a Real Estate SOI Quickly

Inside Sales Agents on Real Estate Teams

REALTOR Database Contact Plans & Scripts

Realtor Vendor Databases: Scripts & Lists to Build Them

Expired Listing Scripts

The One Page Real Estate Business Plan

Buyer Sign Call Scripts

How to Transfer Facebook Friends to your Client Database

A Real Estate Administrative Assistant’s Job Description

Buyer Consultation Script

FSBO Prospecting Scripts & Objection Handlers 

Open House Scripts to Generate New Listings

Scripts for Buyers: How to Show Less Homes

Just Listed & Just Sold Real Estate Scripts

What to Say When Calling FSBO Sellers for Listings

Easy Ways to Ask Your Clients for Referrals

Scripts for Overcoming Listing Presentation Objections

When Should I Start a Real Estate Team?

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