1.5 Million Homes in 2014 Sold For Sale By Owner (FSBO) or with Limited Agent Support

1.5 Million Homes in 2014 Sold For Sale By Owner (FSBO) or with Limited Agent Support

NEARLY 1/3 OF ALL U.S. HOMES IN 2014 SOLD FOR SALE BY OWNER (FSBO) OR WITH LIMITED AGENT SUPPORT

Technology has evolved greatly and the real estate industry is shifting. Now, more than ever, there is an increase in viable alternatives to a full-commission agent. As a result, many home sellers are using new For Sale by Owner options to save big – namely the do-it-yourself with limited agent help option. The National Association of Realtors (NAR) 2014 Profile of Buyers and Sellers statistics indicate more than 1.5 million home sellers successfully sold their homes without a full-service or full-commissioned realtor, saving in excess of $13.9 billion.

Flat Fee MLS Offerings Have Grown 50% Since 2006

Though the majority of home sellers rely upon some assistance from a real estate agent, a growing percentage (21% in 2014) are requesting and paying for limited support only from their agents. In particular, Limited Service Flat Fee MLS listings, where for a single flat fee, a broker will list your property on the MLS. Other alternatives include agents offering à la carte services, where you can pick from a menu of offerings that best meet your needs. For example, once you’ve found an interested buyer in your home, Fizber does the legwork to connect you with a licensed broker, operating as a Transaction Coordinator, that will process the paperwork, for a nominal fee.

For Sale by Owner infographic describing how FSBO Sellers Saved Billions with Flat Fee MLS and Limited Service Agents; Data from 2014 NAR Statistics.  Produced by Fizber.

NEARLY 1/3 OF ALL U.S. HOME SELLERS IN 2014 SOLD FOR SALE BY OWNER (FSBO) OR WITH LIMITED AGENT SUPPORT SAVING A COMBINED $13.9 BILLION

Flat Fee MLS Offerings Keep Growing

  • 21 % of customers working with agents only requested MLS and limited services
  • Over half of these customers only wanted the MLS listing service, with Flat Fee MLS home sellers growing 50% since 2006
  • Flat Fee MLS customers save half of the commission by eliminating the listing agent commission
  • Fizber offers a Flat Fee MLS listing for as little as $295

Fizber is the Fastest Growing Provider of Alternatives to the Full-service Agent

More than 1.5 million Americans have saved billions of dollars selling their home For Sale By Owner (FSBO) utilizing online resources and limited agent support. In 2014, Fizber added over 16,500 listings, making it the fastest growing provider of DIY-For Sale by Owner offerings. These solutions aren’t just for the fringe, they are mainstream ready with companies like Fizber offering all the tools and resources necessary to successfully sell your home and keeping the commission in your pocket!

 


Sources:

Yun, Lawrence, Ph.D. “Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013.” Realtor.org. National Association of Realtors, 23 Jan. 2015. Web. 17 Feb. 2015. <http://www.realtor.org/news-releases/2015/01/existing-home-sales-rebound-in-december-2014-total-sales-finish-3-percent-below-2013>.

Yun, Lawrence, Ph.D., and Caroline Van Hollen, Ph.D. 2014 Profile of Home Buyers and Sellers. Rep. The National Association of Realtors, 03 Nov. 2014. Web. 13 Feb. 2015.

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