12/17/2023
Can You Sell Your Home Yourself?!
(Check Link At Bottom of Article)
More than a third of non-agent sellers, such as FSBOs or those selling to an iBuyer, said the process was more difficult than they expected. What’s more, these sellers admitted:
• Buyers distrusted them because they didn’t have an agent (43%).
• They struggled to understand their contract (40%).
• They made legal mistakes because they didn’t use an agent (36%).
• Lower sales price: Homeowners who sold without a real estate agent are three times more likely to say they lost money on their home sale. The Clever Real Estate survey found that those who sold their home with an agent tended to earn $46,603 more in average profits than those who sold without an agent in 2022 and 2023. About half of unrepresented sellers say they wish they had priced their home differently, and nearly half now believe their home would have sold for more if they would have used an agent.
• Longer selling process: Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home. Ironically, many homeowners who didn’t use an agent said the primary reason for going it alone was to sell faster.
• More stress: Half of home sellers who did not use an agent admit to crying at some point in the process. Fifty-two (52%)percent of unrepresented home sellers said they felt overwhelmed by the entire sales process.
https://www.jancastnerproperties.com/silver_fsbo