Despite the advent of FSBO dot coms, owners still face a daunting ordeal when selling a home by owner. The Fizzber Saga will track Fizzber through his experience. Will Fizzber succeed? Follow him and his friend, REALTOR Suzie, through the unpredictable events that are part and parcel of the real estate business.
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. . . Musings About the Luxury Home Market in San Antonio, TX, and Real Estate In General
Wednesday, July 27, 2011
Thursday, July 21, 2011
How To Buy A Home For Sale By Owner
This topic has already been addressed in "How To Buy A Home For Sale By Owner" on Ezine@rticles.com. There are however a few interesting stats that beg an update.
The most current Profile of Home Buyers and Sellers from the National Association of Realtors® found that fewer than 1:5 buyers search the FSBO dot com Web sites. Additionally, only 9% of the homes offered for sale in 2010 were FSBOs, and 88% of the homes that sold were Agent-assisted sales, 5% were sold to someone the seller knew and the remainder were sold to others.
Anecdotally, it's worth noting that FSBOs seem to reach the desperation phase somewhere between two and three months, and represent a virtually untapped resource for buyers. They are not easy prey though, at least not for most buyers. Reading the original article should help, but will not be a 1:1 substitute for a seasoned professional buyer's agent.
The most current Profile of Home Buyers and Sellers from the National Association of Realtors® found that fewer than 1:5 buyers search the FSBO dot com Web sites. Additionally, only 9% of the homes offered for sale in 2010 were FSBOs, and 88% of the homes that sold were Agent-assisted sales, 5% were sold to someone the seller knew and the remainder were sold to others.
Anecdotally, it's worth noting that FSBOs seem to reach the desperation phase somewhere between two and three months, and represent a virtually untapped resource for buyers. They are not easy prey though, at least not for most buyers. Reading the original article should help, but will not be a 1:1 substitute for a seasoned professional buyer's agent.
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