fbpx

Phone

301-823-5800

Email

support@richometeam.com

For Sale By Owner (FSBO) Statistics

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

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,136 other subscribers

Latest Posts

Social Share

Related Posts