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Selling your Macomb or Oakland County Home By Owner?

Selling By OwnerIn today's do-it-yourself society it's not surprising that many homeowners decide to sell by owner.

Most sellers just want to save money while others just want to be able to say "I did it myself." The truth is most people just don't know what's involved. Although at first, the process appears quite simple, you may find it to be both time-consuming and frustrating. Whether or not you decide to sell by owner, we would like to offer you some help.

Now you may be wondering "why would you do that?" Well, it's quite simple: We'll help guide you through the process and only ask in return that if you do decide to list your home with an agent, you reach out to us. Use our analysis page for pricing and feel free to reach out to us if you have a question or two. We've also listed some statistics for you below on selling by owner.

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Statistics When Selling By Owner

The information below is from the 2015 National Association of REALTORS® Profile of Home Buyers and Sellers. Did you know that in 2014 only 8% of home sales were by owner and that the typical By Owner home sells for $210,000, compared to $249,000 for agent-assisted home sales? Below are some additional statistics:

For Sale by Owner (FSBO) Methods Used to Market Home

  • Yard Sign . . . 42%
  • Friends/neighbors . . . 32%
  • Online ads . . . 14%
  • Open house . . . 14%
  • Internet /FSBO websites. . . 15%
  • Social Media .....15%
  • MLS database....10%

Most Difficult Tasks for FSBO Sellers

  • Getting the right price... 6%
  • Understanding paperwork . . . 12%
  • Preparing/fixing up home for sale . . . 6%
  • Selling with the planned length of time . . . 18%
  • Having enough time to devote to all aspects of the sale . . . 6%

Keep in mind your For Sale by Owner (FSBO) sign may attract buyers that are under contract with an agent? Be sure to read about Agency Disclosure otherwise, you may be disclosing information that may work against you. For more details about what to look for in an agent, visit our Choosing a Real Estate Agent page and where you can also verify a Michigan real estate agent license. 

Overall inventory is low, and we see multiple offers daily.
Don't get left behind let Rooms be your eyes and ears.

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8152 25 Mile Road, Unit G Shelby Twp., MI, 48316