Just read a great article about for sale by owner selelrs, they are apparently more than twice as likely to get their homes sold if they use a Realtor®, rather than trying to sell their home on their own, this is according to a survey conducted by HomeGain of 400 home owners nationwide from July 31 to Aug. 10. Seventy-three percent of the home owners surveyed said they used a Realtor®. 21 percent of those surveyed said they tried to sell their home themselves.
The survey found that 66 percent of the home owners who used a Realtor® were able to successfully sell their home compared to 30 percent of for-sale-by-owners.
The survey also found that 22 percent of the for-sale-by-owners eventually decided to use a Realtor® to try to sell their home. More than half of those who did were then able to sell their homes to.
This survey does support that Realtors understand the dynamics of their local market and can better assist home sellers in the pricing and preparation of their homes for sale.