FSBO Down 12% in 2006

19 01 2007

NAR reports a drop in the number of for-sale-by-owner (FSBO) transactions to 12 percent of all sales today from 18 percent in 1997.

NAR spokesman Walter Molony says property owners believe agents are better equipped to achieve fast sales at top dollar in a slow market, adding that the median price for agent-assisted transactions was about 16 percent higher than FSBO sales last year. Molony notes that agents orchestrate showings, handle paperwork and identify serious buyers for sellers – who often lack the time or experience necessary to complete such tasks. NAR’s 2006 Profile of Home Buyers and Sellers shows that 5 percent of sales from mid-2005 to mid-2006 involved FSBO sellers turning to an agent, with only 1 percent of sales involving sellers who abandoned their agents to go it alone.

Source: Investor’s Business Daily


Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s




%d bloggers like this: