Intertec™Important facts to consider when selling your home Flashcards
What Percentage of FSBO sellers end up listing with a Real Estate Agent & Why?
75% of ‘By-Owners’ list with a real estate agent once they experience the lack of qualified buyers.
What do most by-owners have a problem finding ? Why?
Most by-owners cannot not find a qualified direct buyer because —
Approximately 90% of all properties are currently listed by real estate firms.
What percentage of all available proiperties are currently listed by real estate firms?
Approximately 90% of all properties are currently listed by real estate firms.
When choosing and agent to work with to sell a home what should sellers look for in an agent?
When choosing an agent, be sure to choose a Sellers Agent with the special training to get faster sales and above average selling prices.
What parties do most real estate law suits stem from?
Of all real estate law suits a high percentage are between direct sellers and direct buyers.
(Only 10% of sales are between direct sellers and direct buyers, but some reports say they represent 50% of total suits.)
What are 3 major disadvantages by-owners are faced with when selling on their own?
On average it takes by-owners longer to find a direct buyer. Many by-owners have significant other costs because of the time lost. Finally, many ‘by-owners’ have little negotiating strength when an offer is finally made because they have run out of time and are under pressure to close.
According to NAR in 2010 what percentage of all homes sold through professional real estate agent firms?
• NAR 2010: 88% of all homes sold through real estate
According to NAR in 2010 what percentage of all homes sold privately ? And of those what percent were sold to a relative or someone they knew?
NAR 2010: 9% of all homes sold privately and of those 4.5% were to friends & relatives
During a ten year study what percentage less did private sellers end up selling for than those who sold through real estate firms? How much did they lose (net bottomline) on average over and above the real estate fee.
A ten year study showed private sellers sold for 9.5% less than those sold through real estate. Another study showed that on average, ‘by-owners’ selling directly to buyers lost 3% to 5% more than the real estate fee.
