Sunday, December 4, 2011

Massachusetts For Sale By Owners Typically Fail

The typical driving force behind most for sale by owner homes (FSBO) is to save a Real Estate commission. Even though I am  in the business of selling Real Estate I can clearly understand a home seller’s motivation to save the kind of money that is handed out in a typical sale.

There are not too many people I know who don’t like to save money where ever they can especially in a tough economy.  In a Real Estate sale saving a commission translates into a tremendous amount of money. It is hard to blame any home seller for their desire to save the type of dollars that are made when a Realtor sells a home or condo.

While commission rates are negotiable, in most parts of Massachusetts if you are selling a home you will more than likely be paying a Real Estate commission between 4%-6% on the sale price of your property.
On a $450,000 home a commission of 5% is $22,500. There is no doubt that is a lot of mullah! Selling a property for sale by owner however is not an a simple task and that is why most home owners end up hiring a Realtor.

Nationally the success rate of a for sale by owner (FSBO) is very low. Over 80% of all FSBO’S end up hiring a Realtor to get the job done after unsuccessfully trying on their own. Why is going the route of selling without a Realtor such a difficult task? There are quite a few reasons why selling FSBO is a difficult task to pull off. To continue reading the full article see Massachusetts for sale by owner.


About the Author: The above Real Estate information on Massachusetts for sale by owner homes was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at or by phone at 508-435-5356. Bill has helped people move in and out of Metrowest Massachusetts for the last 25+ Years.


Real Estate Website said...

Another informative blog… Thank you for sharing it… Best of luck for further endeavor too.

Real Estate Park City said...

"The typical driving force behind most for sale by owner homes (FSBO) is to save a Real Estate commission."

This is a good information. I think most home owners do this kind of strategy.

Newport Beach Real Estate said...

We are seeing the same thing in California. Very few home owners are selling their homes as FSBO. For those that do elect to do so typically end up listing their home with a realtor.