Want to sell your home for sale by owner? Read this first.

By
Real Estate Agent with Century 21 Ocean

Want to sell your home for sale by owner? Read this first.

I ran across the following article while reading the REALTOR® Magazine put out by the National Association of Realtors®. At least once a week I receive a call from someone requesting advice on how to sell their home "for sale by owner" or FSBO. While I respect their decision and always offer my assistance I know that I am doing them a disservice by not telling them why I feel this may cost them big in the long term. Well here are the current statistics...
 
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Survey Reveals Success of REALTORS® vs. FSBOs

Daily Real Estate News | Monday, August 20, 2012

 
Home sellers are 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, according to a new 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®. On the other hand, 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.
What’s more, the survey 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 too, the survey found.
“The value of a REALTOR® in a real estate transaction is made strikingly apparent in our 2012 FSBO verses REALTOR® survey of home sellers,” says Louis Cammarosano, general manager of HomeGain. “A qualified REALTOR® understands the dynamics of the market and can better assist home sellers in the pricing and preparation of their homes for sale.”
Source: HomeGain

 

 
 
Ready to sell your home? Want to get the best market price? Call Katherine (217) 779-6916
 
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Katherine Calfee
REALTOR®  Century 21 Ocean 
mobile: 321-361-7888
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Doug Dawes 01/07/2013 01:25 AM
Topic:
Home Selling
Location:
Illinois Adams County Quincy
Groups:
Century 21 Active Rainers
Illinois Real Estate
Century 21 ActiveRain Bloggers
SouthandCentralIllinoisRealEstate
Central Illinois Real Estate community
Tags:
realtor
real estate agent
for sale by owner
fsbo
real estate
century 21
quincy illinois
quincy il real estate
katherine barclay
broughton team

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Ambassador
907,575
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Katherine, you bring out a point we need to point out more often. 

Jan 07, 2013 01:03 AM #1
Rainmaker
662,099
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Thanks for getting this out to ust today.  I enjoyed the read.

 

Patricia Aulson/ Seacoast NH & ME REALTOR

Jan 07, 2013 01:14 AM #2
Rainer
399,420
Dan Hopper
Keller Williams Realty Downtown LLC - Denver, CO
Denver Realtor / Author / Advocate/Short Sale

It would be interesting to know what the percentage of FSBOs that DID sell their home without listing it with a real estate broker, used a real estate broker that brought the buyer to their door, and had a successful closing.  I have done this a few times over the years, myself.

Jan 07, 2013 01:35 AM #3
Rainmaker
456,015
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Statistic don't lie! It can be very frustrating when you know what to do to help someone and they don't want to listen!

Jan 07, 2013 02:05 AM #4
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Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Even when a FSBO does land a Buyer, they often get lost in the paperwork and the requirements, and they don't make it to Closing!

Jan 07, 2013 11:16 PM #5
Rainmaker
37,461
Katherine Barclay
Century 21 Ocean - Melbourne, FL
That Realtor Gal

Exactally Fred! The general public often does not realize how much work a REALTOR does. If it was super easy everyone would be doing it...right? ;)

Jan 08, 2013 01:47 AM #6
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Katherine Barclay

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