Did you know that a typical for sale by owner home sells for 29% less than what it could have if it were listed with a Realtor? In 2010, the median FSBO (For Sale by Owner) selling price was $140,000 compared with $199,300 for agent-assisted transactions.* Typical Realtor commission is a total of 6%. The typical Realtor listed home sells for 6% less than the listing price…at a total of 12% below…I’d say that’s the deal of the century compared to 29%!
Here’s some other quick facts:
20% of all FSBO’s said that establishing a price was the most difficult aspect of selling their home.*
The typical methods that FSBO’s used to sell their home are:
27% listed their home on the internet
11% added their home to a for-sale-by-owner website
46% used a yard sign
39% told their friends and neighbors
12% ran an ad in the newspaper
14% held open houses*
(For Laura’s marketing plan for each and every one of her listings please click HERE)
A little known fact is that majority of Realtor’s do not show homes that are For Sale by Owner simply because they don’t know they exist! Realtors do their searches for active homes in the MLS system which does not display FSBO’s.
FSBO’s accounted for 9% of all home sales in 2010 nationally. *
*realtor.org- NAR Buyer and Seller Profile 2010
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Laura Harris-Hodges
Coldwell Banker Tomlinson Associated Brokers
8836 Gage Blvd Ste 101-B
Kennewick
WA 99336
509-737-3092
Fax: 509-783-5826
lharris@cbtabs.com
Buying and selling a home is serious business ... after all, for most of us, it is the most important investment we possess. When it comes to selecting a professional, you want a person with the knowledge, characteristics, and resources necessary to best look after your interests. With over 17 years of real estate experience, Laura goes the extra mile for all of her clients. That’s why she constantly researches the market and property values to insure that you achieve your goals.
Laura is ranked in the top 1% of all Coldwell Banker agents nationally and is a Seniors Real Estate Specialist (SRES), Certified Residential Specialist (CRS) and Tri-Cities Home Construction Specialist. From selling to purchasing or building your new home, you won't find a harder working professional to handle all of your real estate needs. Laura Harris-Hodges “Making A Difference For You”
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