The National Association of Realtors recently completed and released a comprehensive study focusing on today's home seller and home buyer. The results gave very specific profiles on who is buying and who is selling. The study also included data on home sellers who chose to not use a Realtor to market and sell their homes.
How successful are for-sale-by-owner sellers? What are the odds of selling your home on your own? Take a quick look at the facts:
- 92% of Minnesotans used a Realtor to sell their home.
- 8% of the sales in Minnesota were for-sale-by-owner compared to the national average of 13%.
- Over a third of the for-sale-by-owners personally knew their buyer, i.e. parents selling to their children.
- 70% of the for-sale-by-owner sellers who closed reported having difficulty selling their homes themselves.
- The most difficult task for-sale-by-owners had was in understanding and performing the necessary paperwork to complete the transaction.
- Other problem areas for the for-sale-by-owner included preparing the home for sale and pricing of the property.
Difficulties and problems aside, the odds are one in twenty that you will sell your home on your own, unless you personally know your buyer. Remember, consult your Realtor if you want your home sold in the least amount of time with the least amount of inconvenience and worry to you.
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Tami DeLand and Steve HansenSaint Cloud and Central Minnesota REALTORS
Coldwell Banker Burnet
(320) 258-6675
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St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---
