Are "For Sale by Owners" Really Saving Money?
We all like to save money when we can thus it is enticing to try and sell your house as a For Sale by Owner (FSBO). However, before undertaking selling the largest asset you own, you might want to read on a bit more.
- An agent-assisted home sale has a 13% higher sales price than a FSBO sale.
- In 2014, only 9% of homes sales were FSBO. (Compared to 14% in 2003). Of the 9%, almost half were because the seller knew the buyer.
- 88% of buyers used the internet and agent in their home search. Most agents have an internet strategy to provide better exposure and can put their listings in front of hundreds of other agents - who are working with buyers.
- Agents are less inclined to show FSBOs since they will be doing twice the work.
- Agents are more likely to close a deal as they are more skilled in negotiating and resolving issues.
- 8 out of 10 FSBOs will end up listing their house with an agent.
Bottom line, before undertaking the complexity of selling your home, see what a real estate professional can offer you. Contact me and put my 20+ years of home selling experience to work for you. 603-526-4116, donna@donnaforest.com, www.donnaforest.comSource: Statistics from the National Association of REALTORS® Profile of Home Buyers and Sellers 2014