Here are some facts according to the “2015 Home Buyers and Sellers Profile”:
- 89% of all homes sold in 2015 were sold with the assistance of a licensed Realtor
- 8% of all homes sold in 2015 were sold as FSBO, steady decline from 14% in 2004
- Let’s break down the 8% of FSBO even further:
- 38% of all FSBO’s, that’s only 3% of total 2015 home sales, where owner sold to a friend, neighbor or family member
- 62% of all FSBO’s, that’s only 5% of total 2015 home sales, where owner sold to someone they didn’t know
- Time it took to sell a home was roughly the same for FSBO and licensed Realtor, that’s four weeks for both groups, a third were sold in less than two weeks.
- Let’s break down the work involved by both groups:
- Purchasing and creating yard signs
- Paying and listing home or property on multiple websites
- Spreading the news through word of mouth and placing classified ads
- Keeping up with multiple social media outlets and creative content, including flyers and ad content
- Hosting and advertising open houses, including print material and costs
- Registering and paying extra for Multiple Listing Service (MLS) database
- Receiving and following up on phone calls and emails
- Pre-qualifying buyers, including having lists of buyers already on hand
- Other facts
- Median selling price for all FSBO homes was $210,000 for 2014
- When buyer knew the seller of FSBO, the number plunged to $151,900
- Median selling price for homes sold with assistance of agent was $249,000, almost $40,000 more
- 69% of all real estate agents get paid by a percentage commission split between two agents, representing seller and buyer.
- Homes not priced comparatively take longer to sale and less than market value
- Median selling price for all FSBO homes was $210,000 for 2014
- Let’s break down the work involved by both groups:
- Let’s break down the 8% of FSBO even further:
Sources: National Association of Realtors http://www.realtor.org
Warmly,
Kandi Phillips
www.HomeValuesNaplesFL.com
http://www.KandiPhillips.com