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Casual Articles - Are FSBO Home Sales Gaining Popularity?
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There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.
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Of course, there's considerably more involved in selling a home than the average homeowner realizes, which goes a long way toward explaining why so many homes are sold by real estate professionals. In fact, last year, only some 13 percent of all American home sales were by FSBOs. That figure is actually down somewhat from the nationwide peak, which occurred in 1987, when some 20 percent of all homes in the U.S. were sold by their owners.
Not obvious in those figures is the fact that almost half (40 percent) of the FSBO transactions took place between people who already knew each other and in many cases were related, according to figures published by the National Association of Realtors.
FSBO Market Gaining Momentum
There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.F
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Of course, there's considerably more involved in selling a home than the average homeowner realizes, which goes a long way toward explaining why so many homes are sold by real estate professionals. In fact, last year, only some 13 percent of all American home sales were by FSBOs. That figure is actually down somewhat from the nationwide peak, which occurred in 1987, when some 20 percent of all homes in the U.S. were sold by their owners.
Not obvious in those figures is the fact that almost half (40 percent) of the FSBO transactions took place between people who already knew each other and in many cases were related, according to figures published by the National Association of Realtors.
FSBO Market Gaining Momentum
There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.
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Not obvious in those figures is the fact that almost half (40 percent) of the FSBO transactions took place between people who already knew each other and in many cases were related, according to figures published by the National Association of Realtors.
FSBO Market Gaining Momentum
There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.
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FSBO Market Gaining Momentum
There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.
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There are some signs that perhaps the FSBO market is gaining some momentum in recent months, however. For instance, the number of FSBO home sales increased by a stagger 71 percent in 2005, according to statistics on the www.ForSaleByOwner.com website. According to that site, the strongest FSBO area is in the Atlanta, Georgia, region, which accounted for 3.8 percent of all FSBO transactions in the country.
Part of that strength undoubtedly stems from the fact that Atlanta's real estate market is still relatively strong. Such market strength makes it easier for homeowners to attract potential buyers to take a look at their homes. Home prices are continuing to rise, and jobs are relatively plentiful, which makes Atlanta somewhat of an anomaly in today's real estate world.
Another strong FSBO market, boasting a whopping 166 percent increase in FSBO listings last year, is Denver, Colorado. Other fast-rising FSBO markets include Dallas, Texas (119 percent); Cleveland, Ohio (96 percent); Indianapolis, Indiana (96 percent); Cincinnati, Ohio (93 percent); New York, New York (84 percent); Houston, Texas (24 percent); and Chicago (16 percent).
With prices rising across the country, it's no surprise that the main reason listed
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