Did you know that the #1 reason For Sale By Owners try to sell their homes by themselves is that they don't want to pay 6% real estate commissions? FSBO's believe that if they don't have to pay 6%
For Sale By Owner doesn't save you as much as you think!
Dated: May 6 2022
Views: 85
Did you know that the #1 reason For Sale By Owners try to sell their homes by themselves is that they don't want to pay 6% real estate commissions? FSBO's believe that if they don't have to pay 6% real estate commissions, they will put more money in their pocket at closing. But is that the case? The data says not so fast.
To begin with, FSBO homes sell for 24% less than agent assisted sales - 24%! That is certainly way less money in the FSBO pocket at closing.
Secondly, 87% of ALL Buyers use an agent to help them buy their home. That is important because agents show homes listed on the MLS, not FSBO's. Also, ALL homes listed in the MLS are paying a Buyer Agent commission so if the FSBO is not paying a Buyer Agent commission commensurate with the current MLS average Buyer Agents are not as eager to showcase or promote a FSBO over a MLS listed home.
Third, 96% of ALL Buyers are looking online for their next home. This is important because your online presence is your most important presence. FSBO's will lose Buyers if their online presence is not as good as, if not better, than a MLS listed home. This loss of Buyers is the biggest reason most FSBO's turn to agents to take over their listing.
Fourth, it takes 26% longer for a FSBO to sell than it does for a MLS listed home. One adage we can all agree on is Time is Money so if you need your home sold sooner rather than later a MLS listed home is the way to go.
Lastly, 89% of ALL FSBO's will eventually list with an agent. You might be thinking, "Not Me!", but the data doesn't lie. So don't let your pride get in the way and cost you thousands of dollars when it comes to selling your home! There is a better way!
The Sullivan group is here to make selling your home a breeze! With a team of agents, we have a large buyer database! We use professional photography, have in house marketing, staging consultations and more!
So when it's time to sell your home, make the smart decision and hire The Sullivan Group! You will join our clients who are happy that they did! We would love to make it happen for you!
Alicia Roufs
I started with The Sullivan Group in July of 2016. I handle all aspects of marketing for the group including social media, staging consultations, print ads, events and more! ....
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© 2022 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then The Sullivan Group are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information about
