Sellers better off using a Realtor

EMERYVILLE, Calif. – March 1, 2011 – Real estate website HomeGain conducted a survey of 1,000 sellers to gauge their opinion on For Sale By Owner (FSBO) compared to using a Realtor.

Of the sellers surveyed, 83 percent used a Realtor while 17 percent attempted to sell their house on their own. Of those who used a Realtor, 59 percent sold their home; of FSBOs, only 39 percent successfully found a buyer and closed.

Of the successful sellers who used a Realtor, 88 percent said they would do so again; of all Realtor-represented sellers, 81 percent said they would use a Realtor again.

Of FSBOs who successfully sold their homes on their own, 71 percent would attempt to do so again.

However, the survey also found that nearly a quarter of FSBOs ultimately turned to a Realtor to help them sell their properties.

Source: RISMedia (02/25/11)

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