The FSBO Option: Yes or No?
By Patricia Meyers
For homeowners considering selling, the “for sale by owner” option may seem appealing. The advantage may seem clear: a seller can eliminate – or partially eliminate – the broker commission and keep the maximum possible profit from the sale. Particularly in a sellers’ market, FSBO may seem like a simple and lucrative option.
But the hoped-for money benefits are not always realized by FSBO sellers. Data from the National Association of REALTORS show that in 2015, the median FSBO home sold for $210,000 compared with $249,000 for an agent-listed home. (It’s fair to note that FSBO sellers tend to reside in markets with lower housing costs). In addition, a FSBO property takes longer to sell than an agent-listed property – generally about 19 days longer.
NYSAR is launching a new online media campaign. It will show the benefits of working with a New York State REALTOR® when selling a home. A creative and humorous, shareable video casts the REALTOR® as a “trusted wingman” in guiding consumers to make good decisions. The online advertising campaign, on various digital networks, will be used to drive consumers to the new NYSAR.com consumer “Wingman” branded landing page. They will learn more about the value of working with a REALTOR® and use our Find a REALTOR® tool connecting to members in their own area. Click here and “Share” the video today!
High-Tech Tools to Sell Your Home
By Lisa Bouchard Hoe
Hudson Register-Star, July 30, 2016
Not long ago, searching for a new home meant jumping in the car with your real estate agent and driving through neighborhoods, looking at house after house until you find ‘the one.’ While people may still look at numerous houses before deciding which one is home, chances are that they clicked from webpage to webpage to find them.
Through the first half of 2016, the Columbia-Greene Board of REALTORS measured strong selling conditions in our region's residential real estate markets. Data show that transactions are trending as predicted at the beginning of the year, with prices on the rise and inventory supplies slipping. For sellers in this lower-inventory period, this trend means sales prices are closer to asking prices, but for buyers, supply continues to lag behind demand in our key Hudson Valley marketing areas. Overall, it’s a positive message for the seller side of the real estate side of the business, with the numbers reflecting the tight correlation between supply, demand and prices.