For sale by owner—avoiding the REALTOR^® commission may cost you more

For sale by owner seems to save thousands of dollars by not having to pay Realtor® commissions. Here are several facts for you to consider before selling your home.

1. Industry statistics show that approximately 80% of for-sale-by-owner (FSBO) properties end up listed with a REALTOR^®.

2. The median sales price of a for-sale-by-owner home was 27% lower than homes sold by a REALTOR^® and remains in favor of using a REALTOR^® even after adding the commission.

3. It probably takes longer to sell a for-sale-by-owner home than using a REALTOR^®.

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