Here are some facts to take into consideration:
- In 2010 for an arms-length sale, the median sale price through a Realtor® was $200,000 for new and existing homes combined, according to NAR’s Profile of Home Buyers and Sellers 2010. The comparable FSBO price was $ 155,700. Avoiding the commission results in a sales price that is 28 percent lower—not a very smart idea.
- FSBO’s sell faster—but that the faster sale is caused by significant under-pricing of the property, something a Realtor® knows to avoid.
- FSBO’s do actually sell closer to asking price—because the asking price is set significantly below market.
Find out more about FSBO click here
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