For Sale by Owner…it’s a steal!
National Association of Realtors For Sale by Owner Statistics
The National Association of Realtors For Sale by Owner Statistics states only 9 percent of today’s sellers are For Sale by Owner Sellers, and among those who chose the For Sale by Owner route, 40 percent knew the buyer who bought their home. Among those who did not previously know the buyer of the home, 18 percent of those were contacted directly by the buyer to purchase the home. Taking these factors into account, the For Sale by owner market of sellers who sold their home without knowing the buyer, and those who were not directly contacted by a buyer, is significantly smaller. For Sale by Owners typically have a lower median selling price, though for Sale by Owners typically received 98 percent of their asking price. Those who first tried to sell their home as a FSBO, but ultimately sold via an agent, were the youngest of all sellers and had the highest median household incomes. Every home seller must eventually decide whether to hire a REALTOR® or to sell the home on their own.
Most Important Reason for Selling Home as For Sale by Owner
Did not want to pay commission fee: 46% (we understand this)
Sold it to a relative / friend / neighbor: 24% (happens all the time)
Buyers contacted seller directly: 12% (not usually)
Did not want to deal with an agent: 11% (understand this for sure!)
Agent was unable to sell home: 4% (get a new agent!)
Could not find agent to handle transaction: 2% (hard to understand this)
Seller has a real estate license: 1% (understand this)
Other: * less than 1%’
HAVE SOME OF YOUR OWN BUYER LEADS? STILL WANT TO PLAY IT SAFE? ASK US ABOUT OUR GRADUATED FOR SALE BY OWNER COMPENSATION PLAN.