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...
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.”
Ready to sell your home? Want to get the best market price? Call Katherine (217) 779-6916