Survey Reveals Success of Real Estate Professionals vs. FSBOs
Posted by The Cascade Team Real Estate on Monday, August 20th, 2012 at 3:44pm.
Home sellers are more than twice as likely to get their homes sold if they use a Real Estate Agent rather than trying to sell their home on their own, according to a new survey conducted by HomeGain of 400 home owners nationwide from July 31 to Aug. 10.
Seventy-three percent of the home owners surveyed said they used a Real Estate Agent On the other hand, 21 percent of those surveyed said they tried to sell their home themselves.
The survey found that 66 percent of the home owners who used a Real Estate Agent were able to successfully sell their home compared to 30 percent of for-sale-by-owners.
What’s more, the survey found that 22 percent of the for-sale-by-owners eventually decided to use a Real Estate Agent to try to sell their home. More than half of those who did were then able to sell their homes too, the survey found.
“The value of a Real Estate Agent in a real estate transaction is made strikingly apparent in our 2012 FSBO verses Real Estate Agent survey of home sellers,” says Louis Cammarosano, general manager of HomeGain. “A qualified Real Estate Agent understands the dynamics of the market and can better assist home sellers in the pricing and preparation of their homes for sale.”
Source: HomeGain
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