Some homeowners attempt to sell their home themselves, known as For Sale by Owner (FSBO). According to the National Associations of Realtors, 41% of homeowners attempted to sell their homes to avoid paying commission or fees.
National Association of Realtor explains: “FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 in 2020 (up from $200,000 in 2019), and still far lower than the median selling price of all homes at $242,300. Agent-assisted homes sold for a median of $295,000…Sellers who began as an FSBO, then ended up working with an agent, received 98 percent of the asking price but had to reduce their price the most before arriving at a final listing price.”
In reference to the chart above, that is a lot of money to risk when you attempt to sell your home yourself. It is important to hire an experienced real estate professional because they are trained negotiators with a lot of experience in the housing market. If you are ready to sell, contact a Martino Realty Group professional today at firstname.lastname@example.org or follow us on Instagram @martinorealtygroup.