Top 4 Facts You Need to Know If You’re Considering Selling Your Home for Sale by Owner
Posted Saturday, December 20, 2014
Here are the top 4 facts you need to know if you’re considering selling your home for sale by owner:
- It’s harder to sell your home for sale by owner in today’s market. FSBO transactions accounted for 9 percent of home sales in 2013 and the typical FSBO home sold for $184,000 compared to $230,000 for agent assisted home sales.
- If you know someone who wants to buy your home, you’ll be more likely to be able to sell it on your own. Many FSBO properties are not sold on the open market. Factoring out private sales between parties who knew each other in advance, the actual number of homes sold on the open market without professional assistance was 6 percent.
- If you’re good at attracting buyers, pricing your home and filling out paperwork, selling your home for sale by owner may be the way to go. The most difficult tasks reported by unrepresented sellers are attracting potential buyers, getting the right price, and understanding and completing paperwork.
- Hiring an agent still gives you the best chance of selling your home. 89 percent of buyers used real estate agents and brokers. 7 percent bought directly from a builder, and 4 percent purchased a FSBO.
Ready to hire a real estate professional to get your home sold? Give me a call or email me today.