A survey of For Sale By Owner real estate sales indicated that they sold in just over 3 months and sold for 95% of the list price. The savings in real estate commissions totaled more than $10,000.
To break this down, let's say that it took 91 days or 13 weeks to sell the FSBO property. The commission savings of $10,000 based on the time period involved would breakdown to $110 a day or $770 a week.
Considering this is a part-time job, it is not a bad paying one. If it were a job, you would need to gross around $1,000 a week to bring home $770 after taxes. No doubt there would be a long lineup for an income like this.
As for the property selling for 95% of the asking price, this is reasonable. If the property was listed with a Realtor, it might sell for a little more, however the savings in fees would go a long way to offset this.
If a real estate agent says they can get more money for a property, not only is this a false statement, but there is no way to prove it.
In addition to the savings in real estate agents commissions, private sellers enjoy handling their own transaction. They are not under any pressure and can communicate directly with the buyer.
Learn how Selling Commisson Free real estate works.
Add your property to our Private Homes For Sale website.
Check out our Durham Region For Sale By Owner company.
HomesByOwner of Durham Region is your best choice when selling For Sale By Owner. We provide the marketing tools and past real estate experience to help you succeed. Don't' want to pay $10,000, $20,000 or more for something you can do yourself? Try our flat fee solution for private sales. No Agents. No Commissions. No Contracts To Sign.
HomesByOwner of Durham Region provides professional representation for private real estate sales in Oshawa, Whitby, Ajax, Pickering, Brooklin, Clarington, Darlington, Claremont, Bowmanville, Courtice, Newcastle, Hampton, Blackstock, Region of Durham, Mitchell's Corners, Scugog, Port Perry, Manchester, Durham, Brock, Cannington, Seagrave, Beaverton, Uxbridge, Tyrone, Newtonville, Durham Ontario, Burketon, Raglan, Lake Simcoe, Utica, Greenwood, Goodwood, Sunderland, Myrtle Station, Prince Albert.
Tel: 905.718.FSBO (3726) or Toll Free: 866.964.FSBO (3726)
HomesByOwner of Durham Region
Toll Free - 866.964.FSBO (3726)
Sell Your Home. Keep The Commission.
