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How many people sell their homes themselves?
For many people who have
decided that they want to sell their home they begin to think of ways that they
can avoid the hassle of a real estate agent.
After all, a real estate agent pretty much acts like a middleman and is
going to take a percentage of the profit made through a home sale in their
commission. If you find yourself
thinking along these lines, undoubtedly you want to know the answer to the
question, “How many people sell their homes themselves?”
Although most home sellers use the services provided by real estate agents,
there are still approximately 20% of home sellers that sell their home without
the assistance of a real estate agent.
Even though this is quiet a large percentage, it is important to place
some disclaimers on these figures as many homes that are sold without the
assistance of a real estate agent have special circumstances.
One of the most common
techniques employed by home sellers that do not use a real estate agent is to
advertise the availability of their home as FSBO or as it known as For Sale by
Owner. This is a popular technique
employed by individuals that cannot afford the services of a real estate agent
and also by those home sellers who live in a neighborhood that is enjoying
local market real estate conditions that benefit the seller.
Also, some homeowners are
able to sell their homes without marketing their home. Often they are able to do this because they
are selling their home or transferring property ownership of their home to
family members. These property
transactions between family members make up a large percentage of direct home
sales statistics. Additionally, many
tenants have the opportunity to purchase the property that they are currently
living in from landlords. This
arrangement benefits both the tenants and landlords as the landlord is able to
bypass the use of a real estate agent and the tenant is able to purchase the
home that they have been living in for sometime.
If you find yourself in a
similar situation, it is recommended that you attempt to sell your home
directly. However, most home sellers
find that using the services of a real estate agent will maximize the profits
that they receive through a home sale.
Additionally, real estate agents perform many of the duties required in
selling a home, which frees up a substantial portion of time for the home
seller.
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