For Sale By Owner

For Sale By Owner (FSBO) Statistics

FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales.
FSBO methods used to market home:
Yard sign: 35%
Friends, relatives, or neighbors: 24%
Online classified advertisements: 11%
Open house: 15%
For-sale-by-owner websites: 8%
Social networking websites (e.g. Facebook, Twitter, etc.): 13%
Multiple Listing Service (MLS) website: 26%
Print newspaper advertisement: 5%
Direct mail (flyers, postcards, etc.): 4%
Video: 2%
None: Did not actively market home: 28%

Most difficult tasks for FSBO sellers:
Getting the right price: 15%
Understanding and performing paperwork: 12%
Selling within the planned length of time: 13%
Preparing/fixing up home for sale: 9%
Having enough time to devote to all aspects of the sale: 3%
Source: 2017 National Association of REALTORS® Profile of Home Buyers and Sellers. Request a copy of the full report

The Journey Begins

Thanks for joining me! I am creating this site to document my opinions on Orange County’s Luxury Real Estate. Have you ever read a luxury home paragraph description? It’s full of fluff and doesn’t make any sense. Get to the point. Tell me the facts, and why I should buy this luxury home.. and that’s exactly what I’m going to do in this blog. Here’s a real example…

Earlier this week I showed a buyer a home and it’s MLS description reads, “Inside, an elegant and relaxed atmosphere defines the home. Warm tones, rich materials, and a spacious plan provide the optimal environment for living and entertaining.” Blah blah blah. Could be a copy and paste sentence they use on every listing. I’d prefer to actually say why you should buy it – and that’s what I’m going to do. Real opinions on the properties. Welcome to my blog.

 

Good company in a journey makes the way seem shorter. — Izaak Walton

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