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
Naples Market Analysis
Broker analysts who reviewed the October Market Report anticipate more sellers will enter the market over the next few months as the lure of paradise is already beckoning seasonal and foreign visitors back to our shores now that many international travel restrictions have been lifted and the threat of COVID-19 has been reduced. The report shows pre-season interest already in play as October’s pending sales (1,186 pending sales) and showings (33,578) were above summer month levels
Inventory continues to shrink …. however, is there relief on the horizon? There is definitely an intolerance to price as reductions are finally taking place with an increase of median sale price up from $365,000 to $450,000 in 2021.
