For sale by owner? Here’s good news…
While FSBO motivation is generally financial, statistics show that selling a home with the assistance of a Realtor will actually result in a higher profit. According to the National Association of Realtor’s, the average FSBO sales price was $217,700, while the average price for a home represented by an agent was $295,000, a difference of $77,300!
Therefore, listing with a real estate agent benefits the seller!
The most difficult tasks for FSBO sellers:
preparing & fixing home for sale 12%
understanding and performing paperwork 10%
getting the right price 9%
selling within the planned length of time 6%
88% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.
Buyers who would use their agent again or recommend their agent to others: 91%
Where buyers found the home they purchased:
Internet: 52%
Real estate agent: 29%
Yard sign/open house sign: 6%
Friend, relative, or neighbor: 5%
Home builder or their agent: 6%
Directly from sellers/Knew the sellers: 2%
Source National Association of Realtors 2020 profile of home buyers