Found 3 blog entries tagged as FSBO.

For Sale By Fewer: FSBO Sales Plunge to Historic Low

The latest data from the National Association of Realtors (NAR) reveals that For Sale By Owner (FSBO) sales have plummeted to just 5% of all transactions — an all-time low. Back in the 1980s, FSBOs made up 21% of the market. Here’s what changed according to the report:

  • Lower Returns: FSBO homes typically sell for nearly $100K less.

  • Limited Reach: No MLS means fewer eyes on your home.

  • Off-Market Deals: Most FSBOs are sold to friends or family.

  • Online Gap: FSBO listings rarely show up where buyers are searching.

  • Legal Risk: One wrong form can turn into a costly mistake.

Ralph’s Take

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If you have a $725,000 house that's on the market for 90 days, I estimate you would lose approximately $19,058 in holding costs.
 Every day that your home is sitting on the market with no viable offers, you’re losing money.

To the average agent, it might sound like overkill that we spend so much time preparing our clients' homes for launch.  But in our opinion, there's no other option.

It’s never too early to start planning.  Start the conversation today

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The $79,000 Question for Sellers

For homeowners considering selling their property "For Sale By Owner" (FSBO), it may seem like a good way to save on real estate commissions, but it might not be the best financial choice. Recent data shows that sellers who work with a real estate agent earn an average of $79,000 more than those who sell on their own. Agents assist with pricing, marketing, and negotiations, resulting in higher profits. Here are some additional insights:

  • Marketing Challenges: While 68% of buyers find homes through real estate agents, only 48% of FSBO sellers actively market their properties.

  • Days on Market: 48% of sellers think their home would have sold faster had they used an agent.

  • Lower…

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