For sale by owners (FSBO) lose money

March 8, 2006 · Filed Under Real Estate Facts 

According to a study by the National Association of REALTORS, the median sales price for sellers working with a salesperson was $189,000 compared with $163,800 for unrepresented sellers (for sale by owner). Only half of FSBO’s say they would sell their home themselves again.

Also cited in the report was the difficulty FSBO’s (24%) had in ‘getting the price right’ and ‘preparing/fixing up home for sale’. Difficulty in ‘understanding and completing paperwork’ was cited by 22 percent of the unrepresented sellers surveyed.

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One Response to “For sale by owners (FSBO) lose money”

  1. Roanoke Virginia Real Estate Blog » Blog Archive » Using the Internet doesn’t replace a REALTOR® on April 11th, 2006 12:35 pm

    [...] The Internet is a fantastic resource for beginning to research the market and look for homes for sale, however, oftentimes you must search multiple websites for different types of homes for sale- for sale by owner (the worst way to buy/sell a home), real estate agents, REALTORS®, land offers, and/or auctions. It is a herculean task to try to locate that perfect home or real estate you are dreaming of. [...]

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