This title is a question I have always pondered about. Granted I have not spent a great deal of time pontificating thereon for here in the Napa Valley my gut estimate would be 5% of the properties sold here are done so as for sale by owners (FSBOs) . Personally I have never liked the term FIZZ BEAUS which is what FSBO sounds like when spoken, but for the pleasure of typing a little less I am going to use it for the rest of this post.
I have just read an interesting article in this month’s magazine The Residential Specialist which I receive from being a CRS (Certified Residential Specialist). In a recent HomeGain national survey here are the results:
- 83 percent of homeowners say they used a REALTOR to sell their home vs. 17 percent who tried to sell their home on their own.
- 59 percent of homeowners who used a REALTOR were successful in selling their home vs. 39 percent who were successful selling it on their own.
- 88 perecent of homeowners who successfully sold their home using a REALTOR and 81 percent who attempted to sell their own home say they would use a REALTOR in the future.
- 42 percent of FSBO’s eventually enlisted the help of a REALTOR to sell their home.
One thing I want to make certain you come away with from reading this post, I am not against FSBOs. I only know the last three years have been the most exasperating of any in the 30 years I have been selling real estate. Heck, the have been a bigger pain than the sum of all the pains I have had to endure in the previous 27 years. Thus, I only wish anyone well who wants to do or has done a FSBO. Who better can relate to the woes most of us in the industry have endured. In a strange way they are both our silent competitors and comrades in arms. The only thing I want FSBOs to know, we truly do it much much better.
Here’s mud in both or our eyes. Cheers
Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com.
Your Broker Extraordinaire, selling Napa Valley Real Estate from its heart, Yountville.