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Where Have the For Sale By Owners Gone?

By
Real Estate Agent 5660894-PB00

for sale by owner

 

 

 

 

 

Here in Utah we're conservative by nature. 

It very common for homeowners to want to sell their own home. 

Real Estate agents tend to always list their own home.  The only time I have seen an agent not listing their own home is because a discount brokers fee structure, has saved them money over their current brokerage.

For sale by owner

I have noticed that there seems to be fewer homes for sale by owner these days.

I believe this has to do with the current market conditions.  The negative equity isn't allowing them to sale and those who sale are in a distressed situation.

Many times we see buyers that will shop for homes themselves believing this saves them money.  When they see a home they like they call the listing agent to preview.  Some choose to only preview for sale by owners.

Others like to contact multiple agents and/or For Sale by Owners.

Everyone has there own style when shopping and buying real estate.   

 

saving the golden eggMy suggestion is:  Don't lose focus.  Sometimes focusing on the golden egg causes us to lose focus on the other eggs in the basket and causing undesired consequences.

 

 

I would encourage you to make fully informed, timely, buying and selling decisions.

 

 

 

 

 

 

 

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Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties.  View comprehensive property resource information at www.markwatterson.com

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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Don't put all your real estate eggs in one basket.

Nov 28, 2009 02:57 AM
Mark Watterson
Salt Lake City, UT
Utah Real Estate

Andrew - Putting all our eggs in one basket is never a good idea.  I have done that and been burnt.

Dec 13, 2009 03:00 AM