Tami and Steve's I-94 Minnesota Real Estate Blog: The Odds of Selling on Your Own

Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
Tami & Steve's St. Cloud, MN Real Estate Blog

Featured Homes
Bookmark and Share

Quick Search

Advanced Search

Click Here

Search by Listing #

Search by Street Address
Free Email Updates

Free Relocation Package for moving or transferring to the Saint Cloud and Central Minnesota area

Visit Tami DeLand and Steve Hansen's Facebook profile
Visit Tami DeLand and Steve Hansen's Active Rain profile
Visit Tami DeLand and Steve Hansen's Twitter account

Tami & Steve's St. Cloud, MN Real Estate Blog
Subscribe to Tami & Steve's Central Minnesota Real Estate Blog by Email

Monday, December 07, 2009

The Odds of Selling on Your Own

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.

Tami DeLand and Steve Hansen
Saint Cloud and Central Minnesota REALTORS
Coldwell Banker Burnet
(320) 258-6675
St. Cloud Real Estate, Condos, Homes for Sale
Central Minnesota Real Estate

# posted by Tami DeLand and Steve Hansen @ 11:03 AM

This is so true - I have helped many For Sale by Owners mainly because my buyers do not want to buy from the seller direct - they want represention.
# posted by Anonymous Monique : 11:43 AM CST
I think what people forget that there is a lot of paperwork, timelines and deadlines along with a transaction that if missed can lead to many problems and a lot of stress. Realtors can make a big difference. We hired for our expertise.
# posted by Anonymous Carissa : 4:57 PM CST
those are some great numbers to know, and I have known people who bought a for-sale-by owner and the people were taken advantage of and spent more money in repairs because they were not properly represented. There is a lot of paperwork involved in a transaction, make sure your Realtor knows his paperwork and has you protected.
# posted by Anonymous Craig : 8:26 PM CST
Post a Comment

<< Blog Home Page

This page is powered by Blogger. Isn't yours?

Tami DeLand and Steve Hansen Empowered to Exceed Your Expectations.
Coldwell Banker Burnet Direct: .. (320) 267-0076
Office: .. (320) 258-6675
3701 12th St. North, #203 Fax: (320) 258-6715
St. Cloud, MN 56303 Send Email to Tami and Steve
Licensed in the State of Minnesota
Coldwell Banker Burnet, 3701 12th St. North, #203, St. Cloud, MN 56303

Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
About Tami DeLand and Steve Hansen's Saint Cloud and Central Minnesota, MN Real Estate Website: The www.I-94homes.com web site provides Saint Cloud, Waite Park, Sartell, Sauk Rapids, St. Joseph, Clearwater, Clear Lake, Avon, Albany, St. Augusta, Rockville, Coldspring, Righmond, Becker, Rice, Royalton, Little Falls, Monticello, St. Michael, Albertville, Rogers, Otsego, Maple Grove, Buffalo, Annanndale, Rockford, Corcoran, and Central Minnesota, Minnesota real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Saint Cloud and Central Minnesota area. Tami DeLand and Steve Hansen (sometimes misspelled as Tammy DiLand, Tammi Deeland, Steven Hanson or Stephen Hanson) have services to help you get the best value for your Saint Cloud and Central Minnesota home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with   Saint Cloud and Central Minnesota REALTORs who know  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Saint Cloud and Central Minnesota, MN, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Tami DeLand and Steve Hansen can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Tami and Steve speak  your language.
Great Real Estate Agent Websites for Realtors - Best Real Estate Web Site Design for Realtors (c)2009 HoopJumper WebSystems, All Rights Reserved (949) 309-2299 - Espanol
Bookmark and Share