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