For sale by owner—don't be misled by avoid the Realtor® commission

For sale by owner seems a way to save thousands of dollars by avoiding paying Realtor® commissions. Here are several facts and pitfalls for you to consider before undertaking for-sale-by-owner.

1. Industry statistics reveal that about 80% of for-sale-by-owner (FSBO) property ends up listed with a Realtor®.

2. The median sales price of a for-sale-by-owner home was 27% lower than homes sold by a Realtor® and remains in favor of using a Realtor® even after adding the commission.

3. It probably takes longer to sell a for-sale-by-owner home than using a Realtor®.

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