This chart posted on Realtor.org’s blog – Economists Outlook, shows that agent assisted sales are up while FSBO sales are down. The percentage of FSBO sales dropped to 9% in 2010 with an average of 5% of those FSBOs having known the purchaser they sold to. This makes the odds of selling a home by owner and finding a new buyer a difficult task for today’s home sellers.
Here is the chart to share and a link to the original post.
The complexity of today’s sales which include short sales, mortgage restrictions, and foreclosures may be a contributing factor to less FSBO sales closing. Agent assisted sales are up to 88% and 3% of sales are in the “other” category.
Coaching Tip:
Be persistent when offering to help FSBOs sell their home. The longer a home is on the market the less the seller usually will net in his pocket. Help sellers make good decisions such as pricing right and listing with a Realtor.
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