Say No To FSBO'S

Why You Should Just Say NO To a FSBO!

The NAR (National Association Of Realtor) Supports the Following:

The number of homes sold by owners had a decrease in 2018 to the lowest share recorded since this report started in 1981. Just seven percent of home sales were logged as an FSBO. This is most likely due to - fewer homes being listed FSBO overall, and homes listed FSBO not selling and ending up with agent representing them.

The median age for FSBO sellers is approximately 55 years of age. This could be a major factor of people thinking they have enough life experience and knowledge to play real estate agent - which is far from reality.

About 71% were married couples that have a median household income of $98,800. Regardless of marital status or income, it’s not a stretch to say that those who to try and sell their own home are doing so to try to save some money, but lack real estate experience.

However, statistics show that FSBOs typically Sell For Less than the selling price of other homes. FSBO homes sold at a median of $200,000 last year (up from $190,000 the year prior), which is significantly lower than the median of agent-assisted homes at $264,900. While it’s not possible to make a straight-up comparison between the $200,000 and $264,900 number, that is a HUGE difference.

The report also shows that among the most difficult tasks for FSBO sellers was not only getting the Current Market Price, but Negotiating the Price. Considering Pierview Properties Real Estate Agent - Denice Dobbins has access to Comps, Historical Data, along with Current Trends in the Real Estate Market, it would be in the best interest of a home owner-seller to visit with Denice to discuss the Selling of their Home.


Denice Dobbins-Realtor
DRE 02083129
760 421-6416
PierView Properties Real Estate
DRE 00712580
302 N. Cleveland St.
Oceanside, CA. 92054

Comments

Popular posts from this blog

What is a 55+ Community?

Attention Veterans