Here’s Why a For Sale by Owner In New Jersey is Hard To Pull Off
According to a report published by the National Association of REALTORS back in 2018 , about the sale by owner sellers or FSBOs, the home sales during last year accounted for only 7%. To understand the issues and objections with FSBO properties, let’s discuss some important reasons. Getting The Right Prices Pricing the property right is the first challenge for homeowners. Generally, homeowners may feel price-sensitive and list their homes for sale by themselves to save real estate commissions. However, the services that they tend to avoid will make up for the costs homeowners may incur down the road. The report mentioned earlier also stated that FSBO properties sold for less on average as compared to agent-assisted home sales. The difference may exist because homeowners are willing to accept lower prices as they tend to sell their properties to family or friends. Statistics suggest the biggest factor for lower prices is bad market analysis. Since realtors have access to a variet