For Sale By Owner? Could That Be A Costly Mistake? By Anita Benabou Rozenblat

It is not a legal requirement to have representation by a licensed agent in order to sell a home. However, I am always curious why sellers make the decision to "Sell Without An Agent", knowing that statistics show Unrepresented Sellers typically end up netting much less for their homes than selling with an agent.

Allowing strangers into your home without an agent is a risk in itself.


I have extracted a few statistics of interest from a publication which I feel Sellers should know:

• The typical home was on the market for three months;

• 87% percent of home buyers used a real estate agent in their home search;

• Only 27% of For Sale By Owners ("FSBOs", or "Unrepresented Sellers") were able to sell without the assistance of an agent;

• The primary reason FSBO sellers did not use a real estate agent was to avoid
paying a commission;

• The median selling price of FSBO homes was $210,000 compared with $255,000 for agent assisted home sales. (This represents a loss of over 17% - much higher than a typical commission.)

Or even worse, people think they are getting a deal by signing up for online sell it yourself services with virtual tours, and often pay over $3,000 up front with no results while putting themselves at security risk. An agents commission is a success fee. He/she did the work, got it done, came up with a marketing program, paid for advertising, prequalified and screened potential buyers, negotiated the deal, and got the money for the seller.

As you can plainly see, statistics prove that the odds are against the Unrepresented Seller.
Call me for your Free Home Evaluation, No Risks Nor Obligations.

That's What Friends Are For

I've had some overwhelming replies from the last ad. I posted on my Blog. Thanks to the great support & leads, we now have 2 agents whom are suspects on this vicious & malicious act caused to me. I'm so thankful ( thank-you thank-you ) to all those who have given me courage & words of kindness and I will forever be thankful for all your great support.
On June 26th 2009 The ACAIQ has written an official letter to all of my listings(Sellers)they are not the Authors of the bogus letter sent, and I have never been the object of a complaint by the Syndic.
So let's just say that these 2 losers who've tried real hard to destroy my good work have now destroyed themselves. What good have they done?
I guess what goes around comes around.
Stay Tuned.