Q & A: What are the odds of selling my property myself? : "My Steamboat Connection" Real Estate Blog

"My Steamboat Connection" Real Estate Blog

Q & A: What are the odds of selling my property myself?

Q: What are the odds of selling my home myself?

A: The National Association of REALTORS® (NAR) conducted a study that found 70% of all people who see homes for sale can't buy your home because they have frozen equity- in other words, they must sell their home before they buy. 11% of them can't afford what they are looking at. 15% of people who see homes for sale prefer to rent. 4% of them are actually ready, willing and able to buy your home. A real estate agent's job is to weed through potential buyers and pick out that four percent that is ready, willing and able to buy now. For Sale By Owner sellers should consider these odds closely. It is one of the reasons that over 90% of For Sale By Owners eventually list with a real estate agent.