Many real estate agents would lead consumers to believe that they should not attempt to sell a home FSBO and those that do will use a real estate agent the next time.According to the 2006 NAR Profile of Home Buyers and Sellers, FSBO's where asked if they would sell by owner the next time. Here are the results if they did not know their buyer personally.-Yes, will go FSBO again: 46%-
Not sure: 44%-
No, will use an agent next time: 10%Surprised...
46% of for sale by owners, indicated they would do it again!
The other 44% was "not sure" but obiviously the experiance / savings were good enough for most to consider going FSBO again.That is 90% of FSBO's will or may do it again.Sure, only 10% indicated that they would use a real estate agent the next time but this does not support the horror stories that the real estate community shares regarding FSBO wishing they had used an agent.What was interesting is that if the FSBO seller sold it to someone they knew, the stats reflected a total of 64% will or may sell FSBO again, while 35% would use an agent. I would guess that if they did use an agent it would be at a discount, considering they did find the ready and willing buyer. As techngology and websites like [mikesforsalebyowners.blogspot.com] makes the FSBO transaction easier, we feel that the FSBO market will continue to grow in the future and that the FSBO / MLS only / Discount models will continue to build on their current 29% market share and probably reach critical mass of 50% within the next 4 years.Especially since most successful FSBO home sellers are already willing to do it again and reap the rewards of significant real estate commissions savings and equity protection.
