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Showing posts from June 10, 2019

No F.S.B.O's

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Why You Should Just Say "NO To a FSBO" (For Sale Buy Owner)! The National Association of Realtors’ (NAR) Profile of Home Buyers and Sellers released data further supporting this claim.
Data from the report shows:
The number of homes sold by owner decreased 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 likely due to: fewer homes being listed FSBO overall; and homes listed FSBO not selling and ending up, ultimately, with agent representation.

“The median age for FSBO sellers is 55 years.” Could this be a factor of people thinking they have enough life experience and knowledge to play real estate agent?

“Seventy-one percent of FSBO sales were by 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 opt to try to sell their own home are doing so to try to save some money, but lack real e…