Southeast Michigan Real Estate – For Sale by Owner Could be a HUGE Money Loser

Posted in Southeast Michigan Real Estate by Michigan Real Estate Expert on December 29th, 2008

Thinking of selling your Southeast Michigan real estate For Sale by Owner?  Consider this!

The National Association of Realtors (NAR) has recently published its 2008 Profile of Home Buyers and Sellers which is based on a survey of approximately 10,000 people who bought homes between July 2007 and July 2008.  During this period of time, the average for sale by owner (FSBO) home seller did poorly.  According to the data, FSBO sellers only had a 7% chance of selling to someone that they did not already know.  To make matters worse, that FSBO home seller sold the home for 29% less than he or she would have had they used the services of a REALTOR® to sell their home. 

The NAR Report provides some insight as to why the numbers are so bad for the FSBO home seller.  The survey also asked how the home buyer actually found the home that he or she purchased. 34% found the home through a REALTOR® and 32% through the internet.  Most FSBO home sellers attempt to sell their home by placing a For Sale By Owner Sign on the front lawn of the home and do little else if anything.  By doing so, they effectively eliminate 66% of all buyers who might be looking for a home such as theirs!

If you’re thinking about selling your home by yourself, think again.  By hiring a REALTOR® you’ll increase your chance of success!  Most likely you’ll end up netting more money, and find the process a whole lot easier and convenient than you would by trying to go at it alone without the help of a professional.

Are you thinking about selling your home?   Preparing your home for market is very important, especially in today’s real estate market.  Homes that have been “staged” sell quicker and for more money.  Order your free book, “Staging Tips to Prepare Your Home for Market.”  Absolutely no obligation or strings attached!

Ready to work with one of the best Southeast Michigan real estate agents, one who can help you get Top Dollar for your home or property…and keep you from making costly mistakes?  Learn more about my 30-Day Marketing Plan that gets proven results. 

Give me a call at 248-514-2640 or drop me an email at now for more information.

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
Call:  248-514-2640

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