Friday, December 30, 2011

FSBO (For Sale By Owner) successes continue to decline

In 2002, 24 percent of all Real Estate sales were conducted without the assistance of a REALTOR®. After hovering in the 12-14 percent range for the last few years, the share of for-sale-by-owner home sales reportedly shrank to an estimated 10 percent. Of those FSBO sellers, 40 percent knew the person to whom they sold their home.

Putting it a little bit differently, 60 percent of the home sellers who chose to sell their home by owner were successful in selling their home to someone they did not know.

Part of the reason may be due to the results that REALTORS® produce as opposed to those who are selling by owner. The profile reports: “The typical FSBO home sold for $150,000, compared to $215,000 among agent-assisted home sales.”

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