For Sale by Owner vs REALTOR Statistics 2017, 2018, 2019
After 20+ Years in the real estate industry the numbers show REALTORS have more value. There will always be that 10% who think real estate agents get paid to much and will attempt do do the paperwork, deal with the people and handle the problems on their own.
WHY?: If case studies & analytical data proves that an experienced REALTOR who sell homes can get you more money and do all the work, why would anyone want to take on one of the most stressful exchange of assets alone?
- As per “The Association of Real Estate License Law Officials (ARELLO)” there are almost 2 million active real estate licensed professionals working in the United States.
- FSBOs got 7% of home sales in 2017. The distinctive FSBO home sold for “$200,000” which is comparatively less than agent-assisted sales of home in $265,500.
While the Data is still being crunched for 2018 and we are in 2019 – Check out the data after crunching the last 20 years.
As per statistics of 2017 shared by “Nar. Realtor”, FSBOs used different methods for marketing of their homes like, 22% have used Yard Signs, 18% sold their property with the help of their friends, relatives, or neighbors, 6% succeeded to sell their property via online classified advertisements, 10% sold by the help of open house, 4% of FSBOs used MLS (Multiple Listing Service), 12% got the benefit of using social media websites and got their sales, some did it with the help of newspaper ads, few others by using direct mail to individuals and 49% did not actively market home.
If we check the statistics carefully it could be noted that the Realtors are much faster and smarter and they can easily bring clients for your property either a home, shop or just land as compared to if you want to sell your home, property or land by yourself.
Faster Sell with the help of Real Estate Agent
The sales and purchase of real estate or property is not as simple as buying goods or things from market but it surely involves many things, i.e. document proofs, signatures, advance payments, budget discussion and other many things. So, it is difficult for the people who are trying the method of FSBO (For Sell by Owner) because they are completely unaware of these issues and the procedures that what to do and how to do. Therefore, it is better to use real estate agents or brokers because they are well aware of perfect pricing and negotiating it, legal procedures, signing the proper documents etc. Another possible reason could be the links or relations of Real estate agents with other agents and many high profile persons because the agents do both the tasks at the same time buying and selling, so they may know someone who needs the house and the agent can play from both sides lonely and make most of it. As per realgroup.com It has been observed from a research study known as “Saving Real Estate Commissions at Any Cost” that Real estate agents sale 6% of homes more than that of FBSOs. Researches also show that properties sold by the help of Real Estate Agents get 16% higher than those which are sold by owners themselves directly.
Advantages of Using Real Estate Agent for Selling your homes
There are a number of advantages of using estate agent for selling your properties but few are listed below.
Real Estate Agents help you in listing your home at the right the place as per price as you can maximum benefit of it and get profit as much as you can. Because Agents know things very-well because of their diversified experienced, so they can guide you in this regard well.
Real Estate Agents can let you know about styling tips i.e. how to present your home to the buyers, because a well decorated and attractive home is most likely to be sold at high prices and they can guide you about it.
Real Estate Agents can bring a number of unique buyers for your home and can assist them and guide them in buying your home because they are mostly earning profits from both the sides and they do everything for their commission.
They will get you the best possible price for your home or property because he has the idea of current market value, So, no one else can beat them in this regard of selling the property at right price.
They help you in getting done with paperwork within few days because of their expertise and connections and links in such offices. And, you get done with the deal as soon as possible.
As, Real Estate Agents are directly connected with sell or purchase of flats, so, they are always 24/7 available for you to assist you whenever you need them, because if your home is not sold or if you did not buy a new home how can they get their commission.
Real Estate Agents Sell Homes Faster & For More Money
For branding of every new and old brands and increasing their sell, companies are using different means by which they attract people and sell their product, at either affordable or expensive rates depending upon the limits and location of the customer. Few products and businesses in the market need some specific attention and consideration for getting direct attention of customers and to satisfy them with the product, one such business is Sales & Purchase or Rent of houses, shops etc. We call it generally Real Estate Business. From many studies and practical experiences, it has been proved that this business need some Agent or person who keep on motivating and attracting the clients to sell properties. It has been observed that property sold with the help of agent gets higher rates and more profit than by the owner himself. The core purpose of this case study is to prove that Real Estate Agents sell more homes and shops etc. than the owners of that.
For Sale By Owner (FSBO)
This is basically the process of selling real estate (i.e. house, shop, land etc.) without the help or representation of estate agent or broker. In this type of selling, home owners or estate owners use the services of online websites or marketing tactics via T.V or Radio ads, and banners etc. but do not pay any commission and represent themselves with the help of any lawyer throughout the sale, not an agent.
Real Estate Agent
Real estate agent is a licensed professional who arranges the sell and purchase of homes, shops land etc. or real estate. Mostly the terms Real Estate Agent and Realtor are used interchangeably. Real estate agents are given commission for bringing the clients and selling and buying the properties and for giving the shops and homes on rent, as well.
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