Recently, Collateral Analytics conducted a study that compared homeowners who list For Sale By Owner against those who list with an agent. What were the results?
Recently, Collateral Analytics conducted a study that compared homeowners who list For Sale By Owner against those who list with an agent.
Michael Sklarz, the CEO of Collateral Analytics, co-authored the study with Dr. Norman Miller—a real estate professor at the University of San Diego.
Because the full study was very lengthy, we’ve included it in a PDF that you can find here.
However, there was one main point uncovered by this study that I want to share with you. According to this study, For Sale By Owner listings sold for 5.5% less on average when compared to listings sold with a real estate agent.
Most homeowners who try to list on their own are doing so because they believe it will save money.
What many people fail to realize is that listing this way is not only much more work, it also nets less money.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.