The National Association of REALTORS recently released some highlights from their 2014 Profile of Home Buyers and Sellers, with a section devoted to characteristics of FSBO (for sale by owner) Sellers. Did you know:
- The share of home sellers who sold their home without the assistance of a real estate agent was 9%. 44% knew the buyer prior to home purchase.
- Among sellers who did not know the buyer of the home previously, 15% were contacted by a buyer they did not know to buy the home.
- FSBOs typically have a lower median selling price: $208,700 compared to $235,000. Thus, the typical agent-assisted home sale typically has a 13% higher sales price than the typical FSBO sale.
- Half of FSBO sellers took no action to market their home, and 73% did not offer any incentives to attract buyers.
Thinking about selling? The right REALTOR can actually SAVE you money. Email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
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