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For Sale by Owner a Good Idea?

For Sale by Owner – Statistics

home for sale signThe average For Sale by Owner obtain 12.6% less price than agent-assisted sales. The most common real estate listing commission is either 5% or 6% either paid to the listing agent or split between the buyer’s agent and the seller’s agent.

If you were to list a home by owner for $500,000 by owner you would according to national statistics receive around $30,000 less if sold by owner than with a licensed real estate agent.

  • 9% of sellers go the route of FSBO (For Sale by Owner).
  • The median sales price of a FSBO in 2014 was $208,700.
  • The median sales price of an agent-assisted sale in 2014 was $235,000.
  • The most difficult task for a FSBO seller is to price the home correctly.
  • It’s important to price the home to move quickly: the longer the house stays on the market, the more the asking price was reduced.

Source: 2014 National Association of REALTORS® Profile of Home Buyers and Sellers

 

 

Susanna Grubb

Susanna can help you sell house or condo and buy Florida homes for sale. Specialize in Stuart to Jupiter and Palm Beach Florida waterfront homes, country club homes and beach condos. AREAS: Palm Beach, Martin & Broward Counties. FEATURED COUNTRY CLUBS: Admirals Cove, Ballenisles Country Club, Country Club at Mirasol, Frenchmans Reserve, Jonathan's Landing, Jupiter Country Club, Jupiter Hills Club, Old Palm Golf Club and Tequesta Country Club.
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Susanna GrubB

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Susanna GrubB

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