Words are tossed about/used..costly research...comprehensive study...the facts are...
(Yes this is how this costly comprehensive study was done)
The NAR Profile of Home Buyers and Sellers is a SURVEY and the costly research is this..
"NAR mailed an eight-page questionnaire in August 2008 to a national sample of 133,000 home buyers and sellers who purchased their homes between July 2007 and June 2008, according to county records. It generated 10,053 usable responses; the adjusted response rate was 7.9 percent. All information is characteristic of the 12-month period ending in June 2008 with the exception of income data, which are for 2007. Because of rounding and omissions for space, percentage distributions for some findings may not add up to 100 percent. "
and that's NAR press release posted on their site which I linked to earlier....this comprehensive study and the other Homebuyer profiles were based on questionaires which were sent out and less than 8% of the people responded and the info is based on that response...Comprehensive?
As far as NAR being a "professional organization for licensed professionals"
Nar is an organization that if you have a RE license you can join...Possessing an RE license does NOT make someone a Professional nor does it magically make someone know what they are talking about.
The requirements for joining NAR....http://www.realtor.org/realtororg.nsf/pages/HowtoJoin?OpenDocument
Is someone suggesting they test applicants for their knowledge in order to join, do they turn people away or do they take your dues and presto you are a Professional?
One thing I know is true is they do not test for Reading Comprehension...
Get off the high horse, I belong to NAR therefore I must be a Professional and I possess expertise is just ridiculous...It's that kind of yadda yadda bla blah that get's the public to think....
What a bunch of BSers...
There are many many excellent Realtors but since any one with an RE license and the ability to pay dues can join there are also many many Realtors that prove daily that membership does not equal expertise or the ability to think.....
Some Realtors keep referring consumers to the NAR site and info perhaps they should read thru/check the info on the site themselves.....
You prospect FSBOs and call it sharing comprehensive info no wonder consumers often are LOL......
Do you really believe NAR has a secret comprehensive study of FSBOs only Agents have access to?
Here are the numbers but you can't read the study? lol
Here is one of NARs often quoted STUDIES that's used for FSBO numbers?
Info for this study was gathered this way
NAR mailed an eight-page questionnaire in August 2008 to a national sample of 133,000 home buyers and sellers who purchased their homes between July 2007 and June 2008, according to county records. It generated 10,053 usable responses; the adjusted response rate was 7.9 percent. All information is characteristic of the 12-month period ending in June 2008 with the exception of income data, which are for 2007. Because of rounding and omissions for space, percentage distributions for some findings may not add up to 100 percent.
They will often also use # from the 2007 and 2006 surveys as if they still apply or are current...
Go to the NAR site and use their search...Type in FSBOs and you get a lot and will recognize much.......
My favorite....My favorite NAR FSBO production
Other info you may enjoy provided by NAR or about the way it's gathered all expressed by Realtors...
The Official answer is you need to have an Agent put it on the site for you. If you have an Agent you can have them go here and list it on Trulia for you (It's Free)..
If you are doing an FSBO then you can find any of the many Flat-Fee services to list your Home here and on other sites like Realtor.com, MLS ect...
Also you can choose to follow Trulias response to this question and contact them...
From Emily of Trulia....."If you are selling your home on your own, please note that Trulia does not include FSBO listings within our search results, however you can talk to our sales team to learn more about advertising options that you may may be able to take advantage of. Please call 888-568-6487 if you'd like to learn more. "
Good luck, Dunes
I just googled it, and I think I found where your information came from. According to the 2008 National Association of Realtors Profile of Home Buyers and Sellers:
"FSBOs accounted for 13% of home sales in 2008. The typical FSBO home sold for $153,000 compared to $211,000 for agent-assisted home sales."
The price difference is about 27%. But it does not mention that these are comparable properties as you stated. That would be a huge difference if in fact the houses are comparable. Also, the figure seems to be based on the sale price, not the sellers net.
Of the 14% that succeed, the amount they receive is, on the average, 25% less than comparable properties sold by professional real estate agents.
Where is that information from? If it's accurate, as a buyer I'm only going to target FSBOs.
The short answer is "no".
The longer answer is "if you need to sell your home, the best way to do it is with a Realtor".
Most homes, of 90%, are sold with professional representation. However, that means that 10% are sold without professional representation.
My advice is to talk with three Realtors. Compare their proposals. If you like, try it on your own. If it works, GREAT! If not, then you can move to plan B quickly.
I'm not sure if you can list your property as a For Sale by Owner on Trulia. There are some websites specifically for FSBOs which you can find easily in a Google search.
The more important question is why you would want to put yourself at such a disadvantage. Eighty six percent of FSBOs eventually list with professional real estate agent after failing on their own, and wasting time and money. Of the 14% that succeed, the amount they receive is, on the average, 25% less than comparable properties sold by professional real estate agents.
The price you get is based on the marketing you use, and as a FSBO you simply do not have access to the tools needed to give you the proper exposure to get the traffic you need to get the right price.
Halstead Property, LLC
Time and again, this is the response, regardless of market conditions or trends. This can be a decision wrought with pitfalls. For sellers, we have discussed many of the advantages to utilizing the professional services a Realtor can offer IF YOU AREN'T EMPLOYING A REAL ESTATE PROFESSIONAL,
BUYERS OFTEN ASSUME THERE'S MONEY TO BE SAVED BY THEM!
Frequently private buyers will look to deduct what they feel would have been the commission amount, right off the top of your asking price! So, now after all your effort and investment in marketing and advertising, in order to try to save some money for yourself, you are being asked to take less!
For buyers, unless there is money to be saved by them, there is absolutely NO reason to buy from a for-sale-by-owner
You have a life, Realtors let you live it. Real estate is their life. They handle all of the details, professionally!
Dunes, regarding your remark to me :
"Do you really believe NAR has a secret comprehensive study of FSBOs only Agents have access to?
Here are the numbers but you can't read the study? lol "
Dunes, you can LOL all you want, but that is correct. The National Association of Realtors is a professional organization, and the report I am referring to first started in 2006 and is called the NAR Profile of Home Buyers and Sellers. It is usually around 100 pages, and no, they don't give it away for free because it is costly research and is prepared for the brokerage community (their membership). If a consumer would like to purchase a copy of any of the recent year's editions, 2007, 2008 and 2009 are availabe on the site for a cost of $125. For members oly the printed copy can be purchased for $25 or a PDF version can be downloaded for free. To be a member you need to be licensed and have paid dues. LOL? Is that soooo funny? Most professional organizations are there to serve their membership. Members use the information provided by their professional organization, whatever the profession may be, to do their jobs well and help their clients. I don't know why you call this "secret." Membership in any professional organization has its benefits in return for dues, part of which is research and education.
As described above, you are not going to get the full details by a Google search. The stats have changed very little from year to year since this report started. The 2008 study says 14% of For Sale by Owners succeeded in selling on their own and they received 27% less for these properties than those sold by a professional real estate agent.
I'm sure you must mean well, but as I've told you before, to spend as much time on a real estate site as you clearly do bashing real estate agents is probably not the best use of your time. There are so many other hobbies you can take up where you would actually have something to show for it. Or perhaps you can volunteer somewhere and really help people. Surely there is a shelter or food pantry or animal shelter where all parties concerned would find your contributions valuable. Or take a break from this site, and give free medical advice on WebMD....
Hope I helped!
The best way to get your question answered is to contact Trulia directly. The "Ask a Question" box is used to receive information from real estate professionals. Try calling Trulia directly at (888) 568-6487 .
If you have any further questions, please do not hesitate to contact me.
Jessica E. Nooney
(609) 276-8183 (Cell)