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Selling it on Your Own
  The trend in homeowners successfully selling their own home has declined from 15% in 1981 to only 8% in 2019.  In the 2019 Profile of Home Buyers and Sellers, six out of ten sellers knew the buyers who were predominantly a friend, relative or a neighbor. 
The fact that these sellers knew the buyer was mentioned as the main reason to sell as a for sale by owner. In these situations, the time on the market was usually less than a week and sellers reported that they received 101 percent of the asking price.  76% of the sellers who knew the buyers did not actively market the home.
The most important reason for selling the home for sale by owner was to keep from paying a commission or fee mentioned by 35% of all sellers.  Interestingly, only 14% of sellers who knew the buyer was trying to save the commission while 63% of sellers who did not know the buyer were trying to save the commission.
For sale by owners tend to sell for a lower sales price than homes listed through real estate professionals. The median sales price was $275,000 for all sellers; $200,000 for all for sale by owners and $280,000 ... more

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