Selling it on Your Own

By
Real Estate Broker/Owner with Morningside Homes, LLC 720-231-5200 DRE# ER300941
 

The trend in homeowners successfully selling their own home has declined from 15% in 1981 to only 8% in 2019.  In the 2019 Profile of Home Buyers and Sellers, six out of ten sellers knew the buyers who were predominantly a friend, relative or a neighbor. 

The fact that these sellers knew the buyer was mentioned as the main reason to sell as a for sale by owner. In these situations, the time on the market was usually less than a week and sellers reported that they received 101 percent of the asking price.  76% of the sellers who knew the buyers did not actively market the home.

The most important reason for selling the home for sale by owner was to keep from paying a commission or fee mentioned by 35% of all sellers.  Interestingly, only 14% of sellers who knew the buyer was trying to save the commission while 63% of sellers who did not know the buyer were trying to save the commission.

For sale by owners tend to sell for a lower sales price than homes listed through real estate professionals. The median sales price was $275,000 for all sellers; $200,000 for all for sale by owners and $280,000 for all agent-assisted homes.  Exhibit 8-6

The most difficult tasks mentioned by for sale by owners included getting the price right, preparing or fixing up the home for sale, and selling within the length of time planned.

Posted by

Buy or Sell with Patty Clark              Denver/Aurora Co. and surrounding areas 

Chris and Patty

    Helping Families Move with Care

  If you would like to be sent properties on a daily or weekly  basis just call or email me and let me know your wants and  needs. A match will be made with a home you love and with  monthly payments you can afford. I specialize in first time                       home buyers and sellers who are ready to make a move.

                                                    

 

Morningside Homes, LLC
patty@morningsidehomes.com

www.morningsidehomes.com
Cell: 720-231-5200                       CRS,GRI,WCR,SFR,CNE, MRE

 

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Rainer
503,499
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

For Sale by owners are not as willing to work with agents in our area.  They  are  successfully doing it on their own. They are tougher than in years past.

Jan 03, 2020 08:19 PM #1
Rainmaker
486,932
Patty Clark
Morningside Homes, LLC 720-231-5200 - Denver, CO
Helping Families Move with Care

I'm not sure what they are doing in Denver. I won't work with them and I haven't heard much about them lately.

Jan 03, 2020 09:45 PM #2
Rainmaker
3,228,020
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great informaion, thanks for sharing.  I hope 2020 is a great year for you.

Jan 04, 2020 01:50 AM #3
Rainmaker
486,932
Patty Clark
Morningside Homes, LLC 720-231-5200 - Denver, CO
Helping Families Move with Care

You are welcome. May your year also be successful , may it be family or business.

Jan 04, 2020 01:04 PM #4
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Rainmaker
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Patty Clark

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