For Sale By Owner

For Sale By Owner

Image title


For Sale by Owner (FSBO) is a term used to refer to properties sold solely by the owner, not represented by a real estate agent. This can be an attractive thing when you consider the cost of commission. Do you really want to pay someone else part of your homes return? If you consider that 6% of $300,000 Is $18,000, the FSBO transaction looks more appealing. But is it worth it?

            

    Collateral Analytics came out with a study comparing FSBO transactions and those aided by real estate professionals during 2016 and part of 2017. They collected data from 13 different counties throughout the United States. In the study, they found that FSBO properties on average sold at significantly lower prices.  The FSBO properties overall sold for 5.5% less. That is almost the average real estate commission for a sale. Their 2017 data suggested an even higher (6%) average sale price difference between FSBO and Agent aided transactions. You can find the study “Saving Real Estate Commission at Any Price” at collateralanalytics.com.


    A real estate professional’s presence in a transaction has a significant effect on the return. The agent’s study of the market, strategies, publicity, open houses, showings, paperwork, advice, negotiations, etc., everything they do to sell the property, affect the outcome as shown in this study. Property owners who choose to sell without a professional may in fact be taking on a lot more work with little to no return, and in the worst cases may even see profit losses. Based on these stats, a real estate agent, you could say, pays for themselves.



If you know someone looking to buy, sell or lease, give me a call. Let me get you the best price!

Image title


Keeping you informed,

Donna L Bovee

Team Price Real Estate

Price Commercial Real Estate

(512) 497-3643

DonnaBovee@TeamPrice.com

             


Donna Bovee Headshot
Author:
Phone: 512-497-3643
Dated: September 30th 2017
Views: 45
About Donna: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

3113 Fontana Dr B Austin Tx 78704 - Open House Sunday 12 to 3PM 
You DO NOT Need 20 Down To Buy Your Home NOW - The Aspiring Home Buyers
Safe And Happy July 4th 2018 ATX Style - Parades, fireworks, and live music
Listing Of The Month - Just Listed in Northwoods at Avery

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Price Inc.
7320 N Mo-Pac Ste 305
Austin, TX
512-270-7326
888-643-9502