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Realtors vs. For sale by owners

DATA SUPPLIED BY NATIONAL ASSOCIATIONof REALTORS NORTHWESTERN UNIVERSITY REALTORS VS. FOR SALE BY OWNERS Is selling your own home without a realtor really cheaper? Realtor sells home FSBO takes 19 69 May 2013 more days to sell Days on market Realtor MO TU WE TH FR SA SU 3 4 Not only do FSB0S empirically take longer 10 11 12 13 to sell, 20% of them end up relisting on MLS 1920- 88 14 15 16 17 18 which converts to an average of 68 days Days on market FSBO 21 22 23 24 25 26 27 longer on the market than realtor properties. 28 29 30 31 For sale by owner = FSBO FSBO sells home Realtor properties sell Realtors get I9% more than FSBO for $41,000 more Realtor $215,000 AVERAGE PRICE In 2012 FSBOS accounted for as little as 9% of the property listing and had a significantly lower FSBO selling price on average. FSBO properties sold $174,900 AVERAGE PRICE for $174,900 where the realtor properties sold for $215,000 Total number of property sales by FSBOS has tumbled from 20% to 9% in the last decade % of total real estate sales by FSBO % of total real estate sales by realtors 100% 90% 80% 70% Despite FSB0 kits readily available and the power 60% of the internet, the popularity of selling via FSBO in 50% 2012 still declined to just 9%. 40% 30% 20% 10% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 70% of FSBOS said they have significant difficulty selling Based on NAR's 2012 data on on sellers that did not know buyer 19% 15% 15% Understanding and Getting the right price Preparing/fixing up performing paperwork for the property home for sale The most difficult problem Rarely will FSBOS have data on FSBOS have trouble focusing FSBOS faced was drawing up comparable homes in the area. on what needs to be done to the contracts and understanding Most FSBOS make the mistake make the property worth its the legal paperwork involved in of pricing based on emotion full potential and frequently selling a home. instead of market factors. invest in the wrong areas. 6% 7% 5% Helping buyer obtain Attracting potential Selling within the financing buyers planned length of time Realtors are well connected FSBOS don't have the If you've already sold your within the industry and can promotion and marketing home it's a risk to try the FSBO help buyers and sellers find the channels of an experienced route since historically FSBOS right people to make the realtor. Internet listing is the homes take longer to sell than transactions go through. best resource for FSBOS. realtor properties. 2% 2% 30% None/Nothing Having enough time to devote to all aspects of Other This category was more Not every FSBO has a problem the sale miscellaneous issues FSBOS selling their home and 30% of Negotiation, contracts, faced like home inspectors, FSBOS that didn't know the paperwork, and showings take settlement issues and difficulty buyer reported to have no time and take even longer if negotiating with potential major problems with selling you've never sold a property buyers. their property. before. Credits and references REFERENCES 1. North Western University, The Relative 4 FSBO Sellers Decline as More Sellers Turn to Performance of Real Estate Marketing Platforms: Real Estate Agents to Sell the Home Snap 6/research/fsbo.pdf 2/12/fsbo-sellers-decline-as-more-sellers-turn-to -real-estate-agents-to-sell-the-home/ 2 Homes Selling More Quickly, Time on Market Down with Tighter Supplies 5. 2012 Profile of Home Buyers and Sellers: Most Difficult Task for FSBO Sellers mes-selling-more-quickly-time-on-market-down- Design your own real estate flyers and with-tighter-supplies bo/ feature sheets with Snap Flyers 3 Field Guide to Quick Real Estate Statistics SNAPFLYERS.COM quick-real-estate-statistics

Realtors vs. For sale by owners

shared by markdunkley on Jun 11
Is selling your home through a realtor really better than selling it by yourself. This infographic takes a look at the National Association of Realtors data and analyzes the problems of selling as an ...


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