"For Sale by Owner"
Homes sold with the help of a real estate professional in 2006 sold on average for 32 percent more than FSBO sales.
The median FSBO selling price in 2006 was $187,200, compared with $247,000 for agent-assisted transactions.
In 2006, just 12 percent of sellers chose the FSBO (“For Sale By Owner”) route,
down from 13 percent the previous year, according to NAR’s 2006 Profile of Home Buyers and Sellers. This is down from about 20 percent in 1987.
40 percent of all FSBOs sold their homes to someone they knew prior to the transaction.
This means that only 7 percent of all home sales are open market FSBO transactions. The rest are simply unrepresented sellers in private transactions.
Eighteen percent of FSBOs indicated that preparing their home to put on the market was the hardest part of selling without the assistant of a real estate professional.
The home-selling process typically starts several months before a property is made available for sale.
