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For Sale By Owners Make Less on Their Homes

Reblogger Susan Jacobs CDRE

Real Estate Agent with Samson Properties 0225 093857

January 13, 2011 04:13 AM

The average home owner who sells on their own makes less money. The National Association of Realtors explains it as follows, the median selling price of a for sale by owner is $140,000 and the median selling price of a home when working with an agent is $199,300. This was a well written post by Diamond Group explaning why.

There has been a drop in the number of For Sale By Owners from 11% to 9%. The National Association of Realtors explains it as follows, the median selling price of a for sale by owner is $140,000 and the median selling price of a home when working with an agent is $199,300. The biggest obstacle for owners trying to sell their own home is setting the correct market value of their own home. When an agent sets the value on the home they are using the most current available statistics and their experience in interpreting the market trends, not just the numbers from the tax rolls! Over 80% of home owners want an agent to handle most aspects of their home selling. It is also known that using a qualified agent will put more money in your pocket rather than trying to sell it on your own! Call The Diamond Group today and leave the selling to US!
The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424

806.771.HOME (4663)

thediamondgroup@kw.com

www.ringthediamonds.com

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Joyce Herr

Prudential Lancaster Real Estate - Lancaster, PA

Lancaster County & Beyond

Another reason to use a realtor.

Jan 15, 2011 05:39 AM

Susan Jacobs CDRE

Samson Properties - Gainesville, VA

Gainesville,VA Certified Divorce RealEstate Expert

No matter what type of market we are in using a Realtor a wise choice.

Jan 15, 2011 06:16 AM

Liz Provo

Mass Marketing Resources - Easthampton, MA

The NAR data continues to be skewed due to several factors. Successful FSBO sellers who use a flat fee (entry-only) MLS service as part of their overall marketing strategy must still report the sale to the MLS, even though no agent was responsible for the sale. Often, The MLS gets the credit for the sale no matter where the buyer comes from. Whever the difference between using an agent and selling privately in the selling price spread, be sure to use the "net" results. In other words, MINUS the thousands of dollars lost in commission. There has never been a truly accurate way to measure the success of FSBO. In some markets where a strong FSBO regional service tracks all sales, the resulting success can be very high.

Jan 15, 2011 07:14 AM

'The Diamond Group' 'A Cut Above The Rest'

The Diamond Group @ Keller Williams - Lubbock, TX

Lubbock Texas Real Estate

Susan, thank you for re-posting this. It is a known fact that even many FSBO's that sell are sold by Realtors that don't put them in the MLS. The sales figures for homes sold by owners is about 1-2%.

And money is not lost in commissions as Liz seems to think, but rather more money is put into the FSBO's pocket because a Realtor can bring more on the sale than the FSBO.

Jan 15, 2011 03:14 PM

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Susan Jacobs CDRE

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