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  • Writer's pictureSean Sassoon

For Sale Buy Owner Statistics

Some interesting statistics if you're thinking about selling your home "For Sale Buy Owner."

  • 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%

Home Seller Statistics

  • The typical home seller in 2016 was 55 years of age, had a median household income of $103,300, and lived in their home for 10 years.

  • 89% of sellers were assisted by a real estate agent when selling their home.

  • Recent sellers typically sold their homes for 99% of the listing price, and 22% reported reducing the asking price at least once.

  • The typical home sold was on the market for 3 weeks.

  • 41% of sellers who used a real estate agent found their agents through a referral by friends or family, and 23% used the agent they previously worked with to buy or sell a home.

  • Sellers who definitely would use same agent again: 67%

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