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Thursday, August 24, 2017

NO FSBO (at the advice of 2 Dr's)

I share many things on social media that I do not post on this real estate blog. This time, I am making an exception and sharing something I think is so very, very important to folks considering selling their home. Often you will hear a REALTOR advise against doing a "For Sale By Owner" (FSBO) and often the response is said to be self-serving as commissions are how REALTORS make a living. Even though the statistics confirm year after year that somewhere around 80 to 90% of those who try going it on their own eventually engage the services of a real estate professional.

You have heard that before so let's get to the news today. The challenge "FSBO sales will, on average, sell for something less than comparable regular sales when markets are in equilibrium."

NAR has shared the short version here: Study: FSBOs Net ‘Significantly’ Lower Profits

And you can view the in-depth report by Dr. Michael Sklarz and Dr. Norman Miller | August 16, 2017 here: Saving Real Estate Commissions at Any Price