What to Expect if You Sell Your Home Yourself

 

For Sale By Owner (FSBO) Statistics
 

  • FSBO"A Real Estate Agent Gets a Higher Price for a Home than FSBOs accounted for 8% of home sales in 2015. 
    The typical FSBO home sold for $185,000 compared to $240,000 for agent-assisted home sales

     

  • FSBO methods used to market home:
    • Yard sign: 33%
    • Friends, relatives, or neighbors: 21%
    • Online classified advertisements: 10%
    • Open house: 21%
    • For-sale-by-owner websites: 7%
    • Social networking websites (e.g. Facebook, Twitter, etc.): 9%
    • Multiple Listing Service (MLS) website: 13%
    • Print newspaper advertisement: 3%
    • Direct mail (flyers, postcards, etc.): 2%
    • Video: 1%
    • None: Did not actively market home: 41%
  • Most difficult tasks for FSBO sellers:
    • Getting the right price: 18%
    • Preparing/fixing up home for sale: 13%
    • Understanding and performing paperwork: 12%
    • Selling within the planned length of time: 3%
    • Having enough time to devote to all aspects of the sale: 3%

A  well-chosen agent -- with a good track record -- will handle all this and more for you.

 

Source: 2016 National Association of REALTORS® Profile of Home Buyers and Sellers