Selling By Owner? Consider This.....

By
Real Estate Agent with Keller Williams Realty

In today's real estate market, sellers are trying to find a way to get the most out of their investment in thier home.  With declining home prices it is easy to understand why home owners would think that selling by owner will net them the most money.  In reality homes that are sold by a realtor sell for more on average. 

In 2007, the typical FSBO sold for $180,000,compared with $240,000 for an agent-assisted home sale.

• In 2006, FSBOs sold for $187,200 and agent assisted sellers sold for $247,000

• In 2007, 11% of FSBOs were contacted directly by the buyer. Down from 12% in 2006

• In 2007, 21% of FSBOs sold their house to a friend or relative. Down from 22% in 2006

Today's market is a difficult Market to sell in.  Now is the time to use a professional to sell your home.  Just like if you needed brain surgery you would want the best surgeon available to perform your surgery.  Today's market needs the best real estate professional to sell homes!

 

 

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Rainmaker
434,756
Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest

I tell them the biggest part of the problem is they are wholesale - and buyers know it.  If they can get the exposure - they will not get the same offer as they are not paying commission.

May 28, 2008 08:44 AM #1
Rainmaker
71,928
JC Melvin - Commercial & Business Broker
JC Melvin - KW Southwest - Las Vegas, NV
The ONE Thing Workshop Trainer

Blake... You have really simplified the whole fsbo deal... I like the comparison to brain surgery..I think I'd rather have someone who knows what they are doing care for me, whether brain surgery of the sale of my home! JC from Vegas

May 28, 2008 08:46 AM #2
Rainer
84,839
Mary PAUL, ABR, CRS,GRI, e-PRO,
RE/MAX Advantage Realtors, Searcy, AR - Searcy, AR

Blake,

Great post!  I think having a professional sell your home will save you money and headache!

May 28, 2008 08:50 AM #3
Rainmaker
114,574
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

May 28, 2008 09:30 AM #4
Rainer
5,180
Blake Wyatt
Keller Williams Realty - Roswell, GA

Adam: I agree completley about FSBOs being wholesale, it seems as if they have a hard time grasping that concept. Thanks for the coment!

May 28, 2008 11:29 AM #5
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Rainer
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Blake Wyatt

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